Activision Blizzard Makes New $30 Million Commitment for Veteran Employment Initiatives
Call of Duty Endowment’s Economic Value Creation Estimated at $5.6 Billion
New white paper details Veteran Employment Lessons Learned over 12 years with Recommendations for Veterans, Employers, Policy Makers and Philanthropic Donors
The Call of Duty Endowment reached its goal of placing 100,000 veterans into meaningful employment two years ahead of schedule. In addition, Activision Blizzard is also committing $30 million in additional funding to support the program for the next five years. To coincide with today’s announcement, and in recognition of Military Appreciation Month, the Endowment released a white paper detailing veteran employment “lessons learned” over the organization’s 12-year history, with recommendations for veterans, employers, policy makers and philanthropic donors.
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Over the last twelve years, the Call of Duty Endowment has helped more than 100,000 veterans find meaningful careers after their military service. The Endowment partners with the most effective nonprofit veterans organizations in both the US and UK to deliver low cost, high value job placement, the service most requested by veterans.
“To put 100,000 placements in perspective, the entire active-duty Marine Corps is made up of more than 178,000 people,” said General James Jones, USMC (retired), 32nd Commandant of the United States Marine Corps and Co-Chair of the Call of Duty Endowment. “While reaching 100,000 placements two years earlier than our goal is an accomplishment to be proud of, there is much, much more we can and should be doing to support our veteran community as they transition to civilian employment.”
“As we begin Military Appreciation Month we are proud of the accomplishments achieved by the Call of Duty Endowment and Dan Goldenberg’s leadership. We also recognize that our heroes need even more post service employment support and opportunity than is currently provided. To date, we have invested over $60 million in support of veterans employment initiatives to secure 100,000 job placements,” said Bobby Kotick, Co-Founder of the Call of Duty Endowment. “Today, we are committing an additional $30 million of funding for new veteran employment initiatives. With our even more efficient programs we expect to generate another 50,000 job placements through Call of Duty Endowment grants.”
“As we recover from the pandemic, there are great opportunities but even greater challenges present in the labor market. Veterans need assistance more than ever,” said Dan Goldenberg, Executive Director of the Call of Duty Endowment and Vice President of Corporate Social Responsibility at Activision Blizzard. “We are pleased to make a difference in getting veterans placed into meaningful employment, but also realize that we have so much more to do.”
“The Call of Duty Endowment’s financial and moral support has not only been essential for VetJobs’ mission, having funded more than 48,000 of our 77,000 placements, but also in driving accountability to higher standards across not-for-profit veteran employment initiatives,” said Rear Admiral Dan Kloeppel, U.S. Navy (retired), CEO of VetJobs. “There is no better, more supportive resource for veteran job placement than the Call of Duty Endowment.”
About the Call of Duty Endowment White Paper
The new white paper, titled Lessons Learned for the Future of Veteran Employment, highlights areas of opportunity to provide improved job placement services for our heroes upon completion of their military service.
- Less than 1/10 of 1 percent of $300 billion veteran spend is focused on employment opportunities although successful transition into a high-quality careers reduces costs associated with housing and health care.
- Veterans are still vastly underemployed as compared to the general population: According to The Veterans Metrics Initiative (TVMI), 61% of veterans are underemployed and 55% believe that they are more experienced than the job they currently have requires.
- Modest, individualized assistance such as improving interview skills and resume coaching have a dramatic impact – especially for female veterans and people of color.
TVMI Data shows that:
- Veterans are nearly three times more likely to find a job if they practice interviewing with a coach or mentor
- Veterans are twice as likely to find a job if an experienced mentor or coach helps them with resume writing
- 10% of male veterans of color are not employed and seeking work
- 14% of women veterans are not employed and seeking work
- 22% of women veterans of color are not employed and seeking work
To help get veterans back to work, please visit: www.callofdutyendowment.org/help.
About the Call of Duty Endowment
The Call of Duty Endowment is a non-profit organization co-founded by Bobby Kotick, the CEO of Activision Blizzard. The Endowment seeks to help veterans find high-quality careers by supporting groups that prepare them for the job market and by raising awareness of the extraordinary value veterans bring to the workplace. For more information about the Call of Duty Endowment, please visit www.callofdutyendowment.org.
ACTIVISION and CALL OF DUTY are trademarks of Activision Publishing, Inc. All other trademarks and trade names are the properties of their respective owners.
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Senior Director, Corporate Communications