Donation of Relief Money Following Great East Japan Earthquake: Beneficiaries and Funds Allocated
May 16, 2011--- SOFTBANK CORP. today announced the beneficiary organizations of the ten billion yen personal donation of relief money made by its chairman and CEO, Masayoshi Son, following the Great East Japan Earthquake that occurred on March 11. The donation was previously announced on April 3.
Details are as follows.
Beneficiaries and amounts allocated
| Japanese Red Cross Society | 1.0 billion yen | |
|---|---|---|
| Central Community Chest of Japan | 1.0 billion yen | |
| The Japan Committee for UNICEF * | 600 million yen | |
| Local governments of disaster-affected areas | Iwate Prefecture | 1.0 billion yen |
| Miyagi Prefecture | 1.0 billion yen | |
| Fukushima Prefecture | 1.0 billion yen | |
| Ibaraki Prefecture | 200 million yen | |
| Chiba Prefecture | 200 million yen | |
|
Great East Japan Earthquake Recovery Fund
(provisional name) | 4.0 billion yen | |
The 4.0 billion yen donation to the Great East Japan Earthquake Recovery Fund (provisional name) will be used to provide funding for the activities of NPOs dedicated to providing support for children orphaned as a result of the disaster. By helping to finance initiatives such as scholarships and support for overseas education, the fund is expected to contribute to the provision of medium-to long-term support for those afflicted by the disaster. Preparations are underway for the fund to be established as a public interest corporation in early June, and the use and allocation of its support funding is currently under examination. It is planned that the following four individuals will be invited to form the preparatory committee for the fund: Jitsuro Terashima, Hiroshi Komiyama, Jun Murai and Ichiya Nakamura.
In addition to the above donation, Masayoshi Son will donate the whole of his future remuneration as representative of the SOFTBANK Group to provide support to children orphaned by this disaster and other orphaned children.
We offer our sincere condolences to all those who lost loved ones in the events of March 11, and our heartfelt sympathy to everyone who has been afflicted by this disaster. We will continue our efforts to support the affected areas in the hopes that they will achieve the fastest possible recovery.
ENDS
- * Funding scheduled to be allocated to public interest corporations dedicated to supporting children orphaned as a result of the Great East Japan Earthquake.
-
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
