By Martin Dickson
Published: December 29 2009 23:11 | Last updated: December 29 2009 23:11
A California-based foundation has given a fresh boost to the FT’s seasonal appeal on behalf of the Room to Read charity by adding £250,000 to the pool of funds available to match readers’ donations.
The money from the foundation, which wishes to remain anonymous, brings the total of available matching funds up to £875,000 ($1.4m). This means that readers’ donations up to this amount will go twice as far, since they will be matched pound for pound and dollar for dollar. Readers’ contributions so far total £629,912, which means the grand total raised to date is double that.
Room to Read supports child literacy in the developing world. A series of articles in the Financial Times and on the newspaper’s website during the past month has highlighted its work. It builds libraries and schools, publishes local language children’s books and supports girls’ education in south and south-east Asia and southern Africa.
John Wood, the founder and executive chairman of the charity, said : “We are very grateful to the Californian foundation for its generous matching donation, which is designed to encourage FT readers to support Room to Read’s ambition to serve 5m children across the developing world.
“Our global team is thrilled with the response to the seasonal appeal, as this will allow us to say yes to many hundreds of communities who are asking for their first school or library.
“That being said, we have thousands more communities in the queue who are asking for our help, because they believe that the lifelong gift of education is the best ticket out of poverty for their children. So with 15 days to go in the FT seasonal appeal, we’re hoping to end on a high note and create a better future for the world through the power of education.”
Three corporate donors contributed to the initial pool of matching funds at the start of the appeal.
Barclays Capitalis providing £500,000, while Atlassian, the software company, and Credit Suisse, the Swiss bank, are giving £60,000 each.