January 23, 2003 | Read Time: 1 minute
A new foundation hopes to expand access to technology by giving away $350-million worth of computers and other equipment by the end of 2006.
The Beaumont Foundation of America, in Texas, was created with money that was left unclaimed from the settlement of a class-action suit against the Toshiba Corporation. In 1999, the company agreed to a $2.1-billion settlement of a class-action suit over faulty floppy-disk devices.
The foundation will give the equipment to nonprofit organizations that serve people who are living at or below the poverty level, elementary and secondary schools in which 50 percent or more of students come from low-income families, and poor individuals.
Organizations and individuals in 21 states and the District of Columbia can apply for equipment grants in 2003 and 2005. Organizations and individuals in the remaining 29 states are eligible to apply in 2004 and 2006. Applications for this year’s grant cycle are due March 31.
To get there: Go to http://www.bmtfoundation.com.
