Oracle Corporation (NYSE:ORCL), like all other major companies, gets involved in a lot of volunteering and community services. They take active part in STEM (Science, Technology, Engineering and Math) Education program in the U.S. and try to empower the kids. Their ‘Boys and Girls’ club tries to help the unreserved kids. Oracle Chairman, Jeffrey Henley, talked on CNBC about the company’s part in STEM education and what they strive to achieve through this.
Henley said that through ‘Boys and Girls’ club, they are not trying to focus on the entire family, but primarily targets the underserved community kids. He added that they target people in urban areas, rural areas, Indian reservations and military families all around the world.
“It’s a lot of people that need support, need help. I have been doing this 30 years and unfortunately the national statistics are getting worse. I mean, we have a huge opportunity gap in the country. So I think it is important that everyone do what they can to try to help solve this opportunity loss,” he said.
The most significant part of the fund for these activities comes from the corporate sponsors and Oracle Corporation (NYSE:ORCL) has been a major contributor. Henley said that Oracle was supporting STEM education and they offer millions of dollars for educating kids in Computer science and different curriculum. Henley added that they have also been working on the ‘digital divide’ issue, which targets wiring schools and providing computers to kids.
He also said that Oracle Corporation (NYSE:ORCL) has made a lot of contribution to STEM education and they are planning to double up the contribution to start it from grammar school and high school and he feels that boys and girls club pans out well with that objective. The chairman of Oracle considers that ‘Boys and Girls’ club might develop more interest on STEM education among the kids.
Henley added that the contribution from women towards techno jobs is very less and STEM education intends to grow that and develop a pool of talents for the future.