Variety has established the Variety Foundation to further its philanthropic endeavors and encourage charitable giving throughout the entertainment industry.The foundation will expand on Variety’s existing initiatives to raise money and awareness for a range of causes through its “Power of” franchises, including the annual Power of Youth and Power of Women events. The foundation will leverage’s Variety network within the industry to champion various causes, and it will continue to salute industry figures who are committed to philanthropy. Previous honorees have included Anne Hathaway, Christina Aguilera, Sigourney Weaver and Justin Bieber. The launch of the foundation has been spearheaded by Variety publisher Brian Gott. For more information about the Variety Foundation (501c3 status pending), contact Michelle Sobrino, Variety veep and associate publisher, at firstname.lastname@example.org.