|Computer Associates Donates $1M To Indian Students|
NEW YORK - Nov. 26, 1999: Computer Associates International, Inc. announced that the company and its President and Chief Operating Officer Sanjay Kumar have donated $1,000,000 to grant tuition waivers to more than 6,000 engineering undergraduate students throughout India and to sponsor programs aimed at helping more than 4,000 underprivileged and disabled children in the region.
The university portion of the grant, $500,000, will help waive tuition for undergraduate students up to one year. Through 10 nongovernment organizations involved in social work, $500,000 also has been earmarked to help underprivileged children by helping to establish educational facilities and shelters, offer vocational training, and assist those with disabilities, helping them to assimilate into India's educational system.
"The generosity of Computer Associates and Mr. Kumar will help engineering students achieve their dream of attaining a first-class education and will also go a long way toward helping underprivileged kids get a fair start in life, enabling them in time to be able to give something back to society," said Ven Subbarao, managing director of Computer Associates in India. "This contribution from CA and Mr. Kumar will have a far-reaching effect on every student and child it affects in India."
Kumar, 37, who emigrated to the United States from Sri Lanka with his family at age 14, said he believes the grants are an ideal way to encourage social responsibility within the global community. "I'm a product of both the social and educational systems of this region and think it is extremely important to be able to give something back to it. My own success would not have been possible if it were not for the opportunity afforded me by CA's founder, chairman and CEO, Charles B. Wang, and all the employees of CA, who have always been committed to helping people throughout the world reach their full potential."
Computer Associates International Inc. (NYSE: CA), the world leader in mission-critical business computing, provides software, support and integration services in more than 100 countries around the world. CA has more than 17,500 employees and had revenue of $5.3 billion in fiscal year 1999.