Mercedes Announces $10.5M Grant to Laureus Sport for Good Foundation USA
Grant is aimed at supporting youth at-risk for childhood obesity
Last week, Mercedes-Benz USA (MBUSA) announced a staggering $10.5 million grant to the Laureus Sport for Good Foundation USA. The grant is intended to help fight childhood obesity, which plagues more than one in three kids in the United States as of 2012. This rate has doubled for young children and, even more alarming, quadrupled for adolescents over the last three decades.
Stephen Cannon, president and CEO of MBUSA, made the announcement at the Partnership for a Healthier America’s 2015 Building a Healthier Future Summit in Washington, DC. Already, MBUSA’s support with Laureus USA has helped more than 140,000 children in 30 cities. The latest donation will help the organization reach another 125,000 kids a year in 25 cities.
“Investing in our youth and giving back to our local communities are integral to the culture at Mercedes-Benz USA,” remarked Cannon. “Our ongoing collaboration and commitment to Laureus USA combines our passion for community and sports in a way that is making an impact. We look forward to continuing helping kids across the country build healthier futures.”
Edwin Moses, Chairman of Laureus USA, joined with Cannon at the summit to receive the grant: “The Laureus USA family and organization as a whole is honored and humbled to receive an incredibly generous grant from our dedicated and long-time supporter, MBUSA. These funds will help continue our efforts to build and support sustainable, resilient organizations that can impact the health, education and social outcomes of children nationwide.”