Adobe Commits US$3.4 Million in Funds, Products and Scholarships to Global Community Partners
SAN JOSE, Calif. — (NASDAQ: ADBE) — Adobe SystemsIncorporated, the leader in network publishing, announced a directfinancial commitment of more than US$3.4 million in cash grants,educational scholarships, matching gift funds and product donations tosupport public benefit organizations and schools around the world in2003. Driving Adobe's community relations program is an increased focuson breaking the cycle of poverty and on serving the areas where Adobeemployees live and work. This year, the company expanded its communityinvestments to include recipients in India, Europe, Canada andJapan.
"Adobe is part of a global community, which, now more than ever,needs corporate support for humanitarian and educational initiatives,"said Bruce Chizen, Adobe president and CEO. "Adobe's commitment tophilanthropy and volunteerism is unwavering, and we will continue tolook for opportunities to make a difference in the communities whereour employees live and work."
To help create healthy communities, Adobe works closely with publicbenefit organizations dedicated to either improving primary andsecondary education or breaking the cycle of poverty. A majority of the30 organizations receiving Community Investment Partner grants arelocated in San Jose, Calif. and Seattle, Wash. where Adobe has its mostsignificant employee populations.
As Adobe's employee population grows, so does the company'sinvestment in the global community. In India, Adobe is supportingUNICEF's 25 by 2005 educational program dedicated to growing the numberof girls in school by 2005. In the United Kingdom, the company issponsoring a Habitat for Humanity building project. In Canada, Adobe isworking with the City of Ottawa to help the Coalition of CommunityHealth and Resource Centers provide a variety of programs that addresscommunity issues, such as hunger, health and education.
Adobe's educational scholarship program also has been broadened toinclude students in Canada, Japan, Germany, England, India and Francepursuing degree programs in engineering, math, science oreducation.
"In this sluggish economy, public benefit organizations arechallenged to sustain themselves, let alone meet the needs of thecommunity generated by increasing numbers of hungry and homeless," saidPeter Hero, President of the Community Foundation Silicon Valley. "Itis especially important that this year, companies like Adobe not backdown and continue to give. Adobe is not only sustaining its commitmentin 2003, it has been able to expand its investments globally."
The majority of Adobe's $3.4 million financial commitment consistsof cash grants, educational scholarships and matching gifts funds.Shrink-wrapped Adobe products and licenses valued at an estimatedstreet price comprise the remaining forty-percent of Adobe's investmentdollars. To sustain community donations for years to come, Adobe hasdeposited more than half-a-million dollars into the Adobe FoundationFund the company established last year in partnership with theCommunity Foundation Silicon Valley.
About Adobe Community Relations
The goal of Adobe's Community Relations program is to positivelyimpact, strengthen and improve the communities in which Adobe employeeslive and do business. The community relations program provides cashgrants and in-kind contributions, including software products,volunteer support and software training to non-profit organizations andK-12 teachers. Resources are targeted to improve K-12 education andaddress issues related to poverty, specifically hunger andhomelessness.
Adobe's 2002 Community Relations Annual Report and a complete listof Adobe's 2003 community partners is available online at www.adobe.com/aboutadobe/philanthropy/main.html
About Adobe Systems Incorporated
Founded in 1982, Adobe Systems Incorporated (www.adobe.com), the leader in networkpublishing, offers a comprehensive line of software for enterprise andcreative professional customers. Its products enable customers tocreate, manage and deliver visually rich, compelling and reliablecontent. Based in San Jose, Calif., Adobe is one of the world's largestsoftware companies.




