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IKEA announces $48 million expanded donation to UNICEF in India

Summary

Announcing IKEA’s latest donation of $48 million at the 2009 UN Economic and Social Council’s special event on philanthropy, the conference focused on the power of partnerships in advancing the global public health agenda. By leading the way on the development of corporate partnerships, UNICEF can implement critical long-term programmes to improve children’s well-being.

In lean economic times, the message at the 2009 UN Economic and Social Council’s special event on philanthropy focused on the power of partnerships in advancing the global public health agenda. The event also emphasised that global health must be a priority, and that philanthropic involvement will continue to be a sound financial investment. The event was also an opportunity for UNICEF and IKEA to announce an expansion of the global retailer’s support for children – in the form of a $48 million donation for UNICEF programmes in some of India’s most deprived areas.

With this donation, IKEA Social Initiative has become UNICEF’s biggest corporate partner, with total commitments of more than $180 million from 2000 to 2015.

“We are proud to work with UNICEF,” Ms. Barner told the participants in the UN event. “And with their vast experience in delivering results to children and their mothers, we believe our partnership will have a substantial and lasting impact in the lives of many children and their mothers.” Despite the global economic downturn, IKEA is setting a high standard for corporate partnership – with tangible results to show that social investments yield sound returns.