“AOL is scaling back its philanthropic contributions in the Washington region as it reinvents itself as a global Internet advertising firm.
This month, AOL cut funding to the Loudoun Foundation’s annual summer music festival, an event it co-founded and to which it donated $60,000 to $80,000 each year. The company previously shuttered its AOL Aspires grant program, which funded activities for scores of local schools, and halted its annual pledge to Greater D.C. Cares. Loudoun Youth Inc. received what it regards as its last AOL check this year. And AOL has eliminated a community investment office through several rounds of layoffs. ” (12/18/07)