Activision donates $3 million to veteran charity

Activision has announced plans to donate $3 million to its non-profit Call of Duty Endowment, which helps with job placement and training for military veterans. The Endowment also announced that it will provide a $250,000 grant to the US Chamber of Commerce's National Chamber Foundation, to help with a program that will host hiring fairs in 2012. The program is expected to provide 3,500 jobs for veterans.

Since 2009, the endowment has provided $1.5 million in grants and scholarships, which the company says has resulted in 700 veteran jobs, 2,500 receiving job training, and more than 30 receiving scholarships.

"The fact that over 20 percent of our nation's youngest veterans are unemployed is unacceptable," said Activision CEO Bobby Kotick, in the announcement. "These are the very same men and women who put their lives on the line to guarantee our freedom and security. Veterans Day is a time to reflect and renew our commitment to ensure our military heroes have the tools to reintegrate successfully back to civilian life. The Call of Duty Endowment is dedicated to the mission of bringing attention to veterans' unemployment and finding a solution to this serious issue. We hope that other businesses and organizations will join us."

The announcement comes alongside the launch of Modern Warfare 3, the series for which the endowment is named.