|By PR Newswire||
|March 7, 2014 11:01 AM EST||
SAN FRANCISCO, March 7, 2014 /PRNewswire/ -- Tipping Point Community, the Bay Area's leading poverty-fighting organization since 2005, today announced the launch of SF Gives -- a $10 million fund created by a coalition of business and tech industry leaders to fight poverty in the San Francisco Bay Area. Already, more than $5 million has been committed.
Initiated by salesforce.com Chairman and CEO Marc Benioff and the Salesforce.com Foundation, SF Gives aims to build a coalition of 20 companies willing to commit at least $500,000 each to the fight against poverty, raising $10 million. Box, Dropbox, Google, IfOnly, Jawbone, LinkedIn, POPSUGAR, Inc. and Zynga have already joined 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 + 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. I hope their actions prompt other companies and individuals to consider how they give back to our community, where 1 in 5 people live in poverty."
"We are thrilled to be working with San Francisco's technology community and Tipping Point to help fight poverty in the Bay Area," said Marc Benioff, chairman and CEO, salesforce.com. "The SF Gives challenge builds on salesforce.com's commitment to giving back to the Bay Area community that has given us so much since our founding here 15 years ago."
The Tipping Point Board underwrites all operating costs, and 100% of every dollar donated will go directly to the most effective education, employment, housing and health organizations in the San Francisco Bay Area. In addition to the flexible funding provided, Tipping Point helps grantees increase their impact with millions of dollars' worth of communications, technical and management assistance at no cost to donors.
About Tipping Point Community
Tipping Point Community screens non-profits rigorously to find, fund and partner with the most effective organizations serving Bay Area individuals and families in need. Tipping Point's board underwrites all operating and fundraising expenses so that 100% of every dollar donated goes directly toward the fight against poverty. 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.
About the Salesforce.com Foundation
The Salesforce.com Foundation is a global leader in corporate philanthropy. The unique 1/1/1 model harnesses the power of salesforce.com's employee time, the Salesforce products and cash grants to increase the effectiveness of nonprofit organizations and higher education institutions. Since the Foundation's inception in 1999, employees have committed more than 588,000 hours of their time to volunteer and pro bono projects, more than 21,000 organizations in 110 countries are using donated and discounted Salesforce licenses and more than $58 million in grants have been awarded. For more information on the Salesforce.com Foundation, please visit www.salesforcefoundation.org.
SOURCE Tipping Point Community