CEO of salesforce.com, Marc Benioff is assembling a strong team of committed contributors from business and tech industries - all of whom are willing to join the fight against poverty in the San Francisco Bay Area
An ever growing group of business and technology companies have committed to joining forces and funds in an effort to fight poverty in San Franciso Bay Area.
The initiative is the brainchild of the Tipping Point Community, one of the Bay Area's leading poverty-fighting organization . Today they announced the launch of a special fund called 'SF Gives’ that aims to make available a fund of $10 million, created by a coalition of business and tech industry leaders around the Bay.
Initiated by salesforce.com Chairman and CEO, Marc Benioff, the SF Gives fund aims to build a coalition of 20 companies willing to commit at least half a million dollars each to fight problems associated with poverty. To date companies such as Box, Dropbox, Google, IfOnly, Jawbone, LinkedIn, POPSUGAR, Inc. and Zynga have already joined with salesforce.com as founding members of the campaign.
SF Gives will spearhead efforts to break the cycle of poverty by providing access to jobs, housing, education and health care in the Bay Area.
"We each have a role to play in shaping the future of our city," said Daniel Lurie, CEO and founder of Tipping Point.
"I am inspired that leading Bay Area companies are coming together to invest in the lives of our most vulnerable residents,” he added.
Mr Lurie said he hoped such actions would act as the catalyst in prompting other companies and individuals to sign up and give something back.
“They can give back to our community, where one in five people live in poverty,”
Salesforce.com chairman and CEO, Marc Benioff, said that the company was thrilled to be working with San Francisco's technology community and Tipping Point to help fight poverty.
"The SF Gives challenge builds on our commitment to giving back to the Bay Area community that has given us so much since our founding here 15 years ago,” Benioff said.
The Tipping Point board underwrites all operating costs, and 100 percent of every dollar donated will go directly towards effective education, employment, housing and health organizations in the San Francisco Bay Area.
TIPPING POINT AND SALESFORCE
Since 2005 Tipping Point has raised more than $60 million and has reached nearly 250,000 people in need. More information about Tipping Point community is available at www.tippingpoint.org.
Salesforce.com Foundation is a global leader in corporate philanthropy. Since inception in 1999, employees have committed more than 588,000 hours of their time to volunteer and pro bono projects.
For more information on the Salesforce.com Foundation visit www.salesforcefoundation.org.
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