Microsoft gives de la Hoya foundation $1M

Microsoft Corp. said it's giving $1 million in software to the Oscar de la Hoya Foundation that will allow East Los Angeles residents to use computers more easily.

De la Hoya, a boxer who won a gold medal at the 1992 Olympics in Barcelona, started the foundation in 1995. The $1 million grant will include new personal computers loaded with the Redmond computer giant's (NASDAQ: MSFT) new Windows Vista operating system. According to the foundation, less than 7 percent of East Los Angeles households have access to computers.

"Windows Vista will make a huge impact on everything from after-school homework assistance throughout the community to giving parents an opportunity to gain new skills for today's burgeoning digital work force," said de la Hoya, in a statement.

He will face Floyd Mayweather Jr. in a May 5 bout in Las Vegas.

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