ING Vysya bank has always been committed to making a positive contribution to Society. Promoting education for under-served children is one such cause which has been very close to the bank. Through the ING Vysya Foundation, it seeks to provide less advantaged children an opportunity to secure a better future by providing them with education.
Born out of three business entities of ING in India, ING Vysya Bank, ING Life Insurance, and ING Investment Management, the Foundation has been able to strike the right balance between supporting organizations financially and contributing time and effort of the employees to nurture and mentor these children, for a better future.
ING Vysya Foundation commenced its activities in December 2004 with a water-harvesting project in the Udaipur and Rajasmand districts of Rajasthan, North India. The initiative provided villagers with access to clean water and recharged ground-water wells which in turn support the local agricultural industry.
The Foundation has also been actively involved in relief efforts following the Tsunami that hit the South Indian coast on 26 December 2004. In cooperation with the regional headquarters of ING at Hong Kong, ING Vysya Foundation supported a number of projects, including the rebuilding of homes and schools, and other facilities for a number of villages. Another project included the micro-financing for 40 fishing boats and the attendant equipment for the villages of Mudaliyarkuppam and Arcotuthurai, in Tamilnadu.
As part of the ING Chances for Children programme, the Foundation signed a five-year agreement to support 100 orphans' living and schooling expenses. Additional funds, set up enabled of a day-care centre with training facilities which is used by the community at large.
Other initiatives include ING Investment Management's auctions of paintings drawn by street children for the NGO Pratham and ING Vysya Bank's 'Run Ricky Run' in which the bank sent a child back to school for each run the Australian cricket captain Ricky Ponting scored in international one-day matches during a one-year period ending September 2008.
Today, Foundation partners with thirteen local charity organizations in India. It helps children to be in the primary schools to realize their right to education as the first step towards breaking the cycle of poverty.
The Foundation depends on voluntary contributions for all its activities. The Foundation runs an annual fund raising campaign to help garner support from employees of its three entities for the cause. To make a contribution, please contact Joyatri.firstname.lastname@example.org or visit www.ingvysyafoundation.com
Board of Trustee
Mr. Jayant Mehrotra, Chief Financial Officer, ING Vysya Bank
Mr. J M Prasad, Chief Human Resource, ING Vysya Bank
Mr. Appa Rao, Company Secretary, ING Vysya Bank
Ashok Rao B, Chief Auditor, ING Vysya Bank
Joyatri Ray, Director- Projects