Turner foundation awards $42 mln for U.N. projects
Date: 25-Jul-00
Country: UNITED NATIONS
The United Nations Foundation was set up to administer $100 million a year over 10 years from the $1 billion in Time-Warner stock that Turner announced in 1997. It was the biggest gift the United Nations has received from a private source.
The foundation, which has awarded more than $300 million to date, will invest more than $21 million to improve the social and economic situation of adolescent girls.
The projects, managed by such agencies as the U.N. Children's Fund and the U.N. Population Fund, will be carried out in countries ranging from Malawi to El Salvador and from Mongolia to Mauritania.
The U.N. Foundation will also provide nearly $13 million to protect the environment and promote biodiversity with such projects as cleaning arsenic-contaminated well water in Bangladesh and protecting coral reefs in various part of the world.
Other grants will be used for projects such as giving doctors and nurses in developing countries access to health information on the Internet; a study to identify the underlying economic agendas of competing factions in civil wars; and an evaluation of the way a convention banning anti-personnel mines is being carried out.