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A N N U A L A C T I V I T I E S R E P O R T 2 0 1 6 | 3
Letter from the President
Eleven years ago, after I retired from my job as CEO of STMicroelectronics, I set
up a not for profit organization to serve children in need, using modest resources
from my retirement and the help and enthusiasm of many friends and colleagues.
After 11 years of constant efforts, the results we have obtained can be summarized
as follows:
•
over 3.500 underprivileged children have been given access to school, basic
health care, and nutrition;
•
75 students have successfully completed Professional School;
•
45 school and village infrastructure projects have been completed;
•
Over 32 village communities and tens of thousands of indirect beneficiaries
have been positively impacted by our actions.
These results have been achieved with a yearly average investment of 300.000 euros and an average overhead
spending of less than 4% of our budget, through cautious project investment, leveraging on an important network of
volunteers which helped us devolve nearly every euro donated to our projects in the intervention areas.
We have helped disadvantaged children rebuild their future while becoming productive members of the communities
where they live.
We realize that our efforts are a little drop in an ocean of needs, but they are important for the people we can reach,
and support our resolve to continue our activity.
Pasquale Pistorio