Reply #40: Coke gives money to aid victims of Colombian violence [View All]

[RawMaterials]

ATLANTA, April 12 (Reuters) - Coca-Cola Co. (KO.N: Quote, Profile, Research) , which has been accused by labor activists of turning a blind eye to the murder of union members at bottling plants in Colombia, has helped establish a foundation to assist victims of the Andean nation's civil war.

The Colombia Foundation for Education and Opportunity received $10 million in seed money from the Coca-Cola Foundation, the soft drink maker's charitable arm, the Colombian foundation said in a press release on Tuesday.

It plans to work with non-governmental groups to provide education and other opportunities for those affected by four decades of violence in Colombia. Its board of directors includes business leaders and social activists.

"We believe that this foundation will help to address pressing issues, build capacity and serve as a model for what the private sector can do to help develop sustainable communities around the world," Coca-Cola said in a separate statement.


http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh74116_2005-04-12_21-54-33_n12339144_newsml

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