Kingdom Foundation Chaired by Prince Alwaleed Donates $356,500 to Deworm the World Initiative |
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Kingdom Foundation* (KF) Chaired by HRH Prince Alwaleed bin Talal bin Abdulaziz AlsaudHRH Prince Alwaleed bin Talal bin Abdulaziz Alsaud
donated $356,500 to Deworm the World Initiative. The initiative was presented by Young Global Leaders (YGL) Education Taskforce at the Davos World Economic Forum early this year.The Deworm the World initiative aims at spreading school-based treatment of parasitic worms as an education intervention. Treating children for parasitic worms has been shown to increase their access to education by as much as 15%. Deworm the World intends to reach over half a million children at risk of infection. Through Deworm the World, the YGLs are working with governments, international agencies, private foundations, and nongovernmental agencies to scale up school based treatment for parasitic worms. In addition to the educational benefits, treatment for parasitic worms, which costs just 50 cents per child per year and can add up to a year to a child's education, helps improve child health and cognitive development. Despite the existence of a simple and cheap treatment, these parasitic worms still infest 400 million children across the world, cause malnutrition, absenteeism from school, and lower productivity as adults.
Speakers at the forum included Cherie Booth, renowned human rights lawyer and wife of Tony Blair, former Prime Minister of the United Kingdom, Susan Hockfield, President of the Massachusetts Institute of Technology (MIT), Nicholas Kristof, New York Times columnist and advocate for development, and Gene Sperling, former head of the US National Economic Council. Deworm the World has many partners including the Partnership for Child Development.
HRH through Kingdom Foundation has donated to many philanthropic projects globally including, HRH's recent donation of over $3 million to the Darfur region of Sudan. Last year HRH made a $360,000 donation to SOS Children's Village in Indonesia and made a substantial emergency donation to Indonesia's flood victims. In 2006, HRH made a donation for the Yemen landslide victims and in the same year donated $1 million through the United Nations World Food Program (UNWFP) to the drought-ravaged people of Kenya. His Highness had made a SR20 million donation to Pakistan's earth quake victims in 2005.
Other major donations made by HRH included $19 million to South East Asia's Tsunami victims, $830,000 donation to the families of the Egyptian train fire victims, 80 tons of supplies to the Algerian quake victims, $500,000 to Jammeh Foundation for Peace in The Gambia to fund a diagnostic center, one million Egyptian Pounds (LE) in support of Mrs. Susanne Mubarak campaign for the treatment of children suffering from cancer, $5 million to assist in the rescue and rebuilding efforts in the wake of floods in Morocco, $5 million to support the Carter Center Peace and Health programs in Africa, and the rebuilding of Zayzoon village in Syria after it was wiped by floods caused by the collapse of a dam.
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* Kingdom Foundation's Executive Manager is Ms. Muna AbuSulayman and the foundation is an independent entity from Kingdom Holding Company.
© Press Release 2008
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