Our company purpose is to help people of all ages to make progress in their lives through learning. This is both a social purpose and our core business. Our commercial success provides the investment capacity for us to continue to innovate and expand into new geographic markets and new kinds of learning. Not-for-profit partners can help us extend our reach and impact in ways that have a real impact on learning - especially for the most disadvantaged – and are complementary to our business objectives. We also believe that our stakeholders expect and value our efforts to work in partnership with charitable organisations.
We therefore partner and fund a number of charitable organisations with the Pearson Foundation being the largest of these. In 2012 our worldwide charitable giving was £11.4 million or 1.2% of pre-tax profits.
The Pearson Foundation plays an important and special role in furthering our charitable objectives.
By establishing the Pearson Foundation as an independent charity, we sent a clear message to partners that we are serious about our desire to make a sustained investment and intervention in improving learning. The Pearson Foundation sets out its priorities for partnership with other charities as well as provides a means to raise additional funds for charitable purposes from other organisations.
The Pearson Foundation plays an important role for Pearson. It is our preferred charity partner and has a remit within Pearson to look to unlock company assets - cash, products and services and employee time - for charitable purposes, particularly to benefit organisations and individuals who would not otherwise be able to access them.
We are proud of what the Pearson Foundation has achieved and will continue to support its mission to innovate around new models for learning. It plays an invaluable role to explore, demonstrate, and inform the future shape of private and public sector provision.
Learn more at www.pearsonfoundation.com
Case study: The Pearson Foundation Million Voice Project
Pearson people: giving time and money
Each business group has its own community budget which is often used to match the fundraising of our people, to support local charities and make donations to non-profit groups involved in learning and literacy. Alongside charitable donations and sponsorship, Pearson businesses partner with NGOs to highlight particular local causes or international concerns. Case study: Magic Breakfast.
We support our people in their own community involvement, matching their fundraising and providing volunteering opportunities in work time.