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Booth Schoch Future Succ<br />
Ford Resource and E<br />
This is a press release emailed to us. All content is the responsibility<br />
of the issuer.<br />
PRETORIA, South Africa, 6 <strong>June</strong> <strong>2018</strong> - Ford Motor Company Fund<br />
is expanding its community empowerment and upliftment programs<br />
in South Africa with the establishment of the Booth Schoch<br />
Future Success Fund at the Ford Resource and Engagement Centre<br />
(FREC) located in Pretoria, South Africa.<br />
The Fund is named in honour of former Ford Motor Company of<br />
Southern Africa (FMCSA) president (and later chief financial officer<br />
of Ford Motor Company) Lewis Booth, and former chief financial<br />
officer (and later president of Ford Asia Pacific) Dave Schoch,<br />
who were enthusiastic champions<br />
of the local Mamelodi<br />
Township community.<br />
Ford Motor Company Fund,<br />
the philanthropic arm of Ford<br />
Motor Company, will work<br />
with South African partner<br />
NGO, Future Families, in managing<br />
this program which will launch in early 2019. It will endow<br />
the Fund for 10 years with a grant of $100,000 (around R1.25-million),<br />
enabling $10,000 (approximately R125 000) to be awarded<br />
to deserving FREC students each year.<br />
The grant will assist the selected FREC graduates who have completed<br />
the Entrepreneurship Program to start in-home businesses,<br />
or for nominated students in the Early Childhood Development<br />
training and certification program to establish After <strong>School</strong> Care<br />
Centres.<br />
“We are proud to extend our local empowerment and upliftment
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