Microsoft, along with Apple, Box, Dropbox, Google, IfOnly, Jawbone, Jelly, Levi Strauss and Co., LinkedIn, Lookout, Okta, Partner Fund Management, POPSUGAR, RPX Corporation, Salesforce Foundation, SV Angel, Workday Foundation, Zynga, and one anonymous company, are partnering with Tipping Point Community to raise $10 million to fight poverty in the Bay Area. Tipping Point Community is the Bay Area's leading poverty-fighting organization since 2005.
"We are humbled by the generosity we've seen from some of the region's most influential leaders on behalf of the most vulnerable members of our community," said Daniel Lurie, CEO and Founder of Tipping Point. "Meeting this challenge is just the beginning of our collaboration. These companies are dedicated to fighting poverty long-term and finding solutions that work for Bay Area families in need."
The campaign consisted of a $10 million challenge for these companies to complete within 60 days. These funds are used to educate, employ, house and support the Bay Area's 1.3 million people who are too poor to meet their basic needs. Tipping Point also provides cash support, as well as donations of communications, HR, technology, legal, leadership development, real estate, strategy, fundraising, and more.
"This work is not new for Microsoft. Every year, we invest tens of millions of dollars (cash, products and services) in nonprofit organizations around the world. Last year in San Francisco alone, this investment totaled $5.4 million. Now, in partnership with Tipping Point, we seek to help low-income individuals and families gain access to effective services that can help them break the cycle of poverty for good," Microsoft stated in an official blog post.
Microsoft’s global YouthSpark initiative is similar to Tipping Point's initiative, in that it addresses the global youth opportunity divide. In Microsoft's YouthSpark initiative, the company looks to provide skills and training to kids who do not have the access or means to become successful.
To learn more about Tipping Point's initiative (SF Gives), check out www.sf-gives.org.