1. Kyndryl Foundation awards grants touching 55,000 lives in two years. 2. Initiatives focus on cybersecurity and AI skills development. 3. Philanthropic support expands to five new countries. 4. Kyndryl addresses workforce shortages in critical tech sectors. 5. Second-year grants aim for deeper, sustainable community impact.
Kyndryl's commitment to skill development positions it as a leader in a crucial sector. Similar initiatives by other tech companies have led to stock price increases.
Kyndryl's actions directly enhance its brand reputation and market position, influencing investor sentiment positively.
The foundational support for skill development will yield benefits over several years. Previous examples include companies that invested in workforce development and saw sustained growth.
NEW YORK, March 4, 2025 /PRNewswire/ -- Kyndryl Foundation, the philanthropic arm of Kyndryl, today announced that 12 nonprofit organizations from 11 countries have been awarded its second-year grants. The program is expected to touch the lives of more than 55,000 people over the next two years through cybersecurity and artificial intelligence (AI) skills development, awareness and job placement initiatives.
Building on the positive impact of its inaugural year, Kyndryl Foundation is extending its philanthropic support to serve nonprofits from five additional countries – Brazil, Canada, Costa Rica, Spain and the United Kingdom. Countries already served by Kyndryl Foundation include the Czech Republic, Hungary, India, Japan, Poland and the United States. The Foundation has also introduced select multi-year grants – up to two years at a time – to build deeper engagements with grantees and create longer-term, sustainable impact.
"As the largest IT infrastructure services provider, we are committed to addressing the critical shortage of cybersecurity and AI professionals," said Una Pulizzi, Kyndryl Foundation President and Kyndryl Global Head of Corporate Affairs. "We are proud to offer second-year funding to our grantees and look forward to the positive impact that can be achieved through our continued and expanded work together to drive innovation and build a new generation of skilled professionals."
According to the Kyndryl Readiness Report, the number one challenge for organizations is cyberattacks. In addition, 64% of leaders feel that their IT is not prepared for AI implementation because of a lack of required skills and talent. Learn more about Kyndryl Foundation's commitment to addressing the global skills shortage in cybersecurity and AI at www.kyndryl.org.
Kyndryl Foundation is the philanthropic arm of Kyndryl (NYSE: KD) and supports the communities where Kyndryl does business by addressing critical societal issues through local grant funding, volunteerism and investments. Kyndryl Foundation aims to drive human progress by empowering and enabling global citizens. For more information, visit www.kyndryl.org.
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.
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SOURCE Kyndryl