Booz Allen Hamilton launched the Booz Allen Foundation with an initial pledge of $5 million to support the foundations purpose, to "Empower People to Change the World." The foundation will employ technology and innovation to solve challenging social issues and build community resilience.
The foundations primary areas of focus include enhancements to global health, support for veterans and military families, youth and education programs, and continued support of the charitable initiatives of Booz Allen employees. Its first grant of $129,000 went to the American Red Cross in support of disaster relief as a matching gift to Booz Allen employee donations.
A study conducted by Ipsos and Booz Allen Hamilton found that fewer than half of Americans surveyed believe they have the basic information they need to prepare for a disaster. As part of its mission, the Booz Allen Foundation will consider opportunities to assist in the recovery from declared disasters.
"We wanted to find a way to galvanize an even broader set of problem-solvers around Booz Allens purpose to empower people to change the world," said President and Chief Executive Officer Horacio Rozanski. "Establishing an independent foundation to complement our ongoing corporate philanthropy is a great way to widen the circle and apply smart minds and advanced technology to build more resilient communities. We are excited that the foundations areas of focus include issues the people of Booz Allen have long cared about: veterans and military families, health care, and youth and education."