The electronics manufacturer has donated $5000,000 to the Fisher House Foundation to support military members and veterans and has signed a two year partnership with the foundation
World famous electronics giant announced on Wednesday November 18 a partnership with Fisher House Foundation, which is expected to go on for two years. The company made a donation of more than $500,000 to the partner foundation, which recently celebrated its 25 years of service in provision of houses to military official and veterans who are under treatment in the military service.
This announcement came after the Galaxy maker was reported to donate $1 million to the Korean War veteran’s memorial foundation, in Washington. This recent donation of $500,000 to the Fishers Foundation will be utilized to construct houses, and product donations for existing houses, also the commitment of the electronics company’s engagement to the foundation across the nation. The executive vice president of the electronic company, Won-Kyong Kim said, “It is an honor to tangibly demonstrate our gratitude to American service member, veterans, and their families for their sacrifice in defending Korean democracy, as well as the freedom and way of life enjoyed by our American employees, partners and customers. Through this investment, Samsung Electronics remembers your sacrifice.”
The smartphone manufacturer is going to provide the foundation through the partnership by providing finances for building new fisher house in 2016 and 2017 situated in Ft. Hood, CA, Omaha and many other location out of which one is yet to be announced.
Older houses will also be renovated and modified through the provided finances, and will include Samsung’s electronics such as the company’s kitchen with washing appliances, tablets and televisions, and many other electronics. The company will install application and the electronic compatible with the devices that will help the families to communicate efficiently and with ease to their homes and loved ones, the service members will also be given medical care and education assistance.
The partnered Foundations CEO, Ken Fisher said, “Fisher House Foundation is eager and excited to work with Samsung. Our military men and women should know we have their backs. That the nation is there for them. That their sacrifice will never be ignored. The Company’s efforts to go a long way to achieving those goals.” The electronics company is aiming to build better communications between the military member and their families, it is making this it social responsibility and is doing so to build a strong foothold in USA. It already has 20 years of partnership agreement with American Legion which will provide scholarships to American Korean War veterans.
Samsung stock closed at $1,100.00 on November 5.
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