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When a business is making huge profits, it can do a lot, like growing a business, spending lavishly, or just sitting on heaps of money. There is something much more noble that can be done, however – he can donate some of his generosity to people and organizations in need.
Microsoft is a company that has historically been very generous with its money, something probably inspired by the philanthropic actions of its founder Bill Gates; at least partially. Even more impressive is the company’s Employee Giving program, where Microsoft matches the donations of time and money made by its employees. 2016 was another successful year for the Windows maker, as it donated over $ 650 million in cash, time, software, and services to nonprofits. Much of this came from its employees.
“One year after the creation of Microsoft Philanthropies, Microsoft Corp. and its employees have donated more than $ 650 million in cash, cloud services and software to nonprofits around the world. In a letter released today, Mary Snapp, vice president of Microsoft Philanthropies, detailed the organization’s contributions in 2016. Highlights include $ 465 million in cloud services donated to more than 71,000 organizations to benefit the good public. Additionally, Microsoft employees have raised $ 142 million for 19,000 nonprofits, helping take a milestone: The company’s donation program has now raised $ 1.5 billion since 1983. Microsoft says.
The manufacturer of Windows further shares: “In January 2016, CEO of Microsoft Satya nadella announced that the company will donate $ 1 billion in cloud services to nonprofits and researchers working on the world’s most pressing needs, from healthcare to education to the environment. While the engagement was initially envisioned as a three-year initiative, Microsoft Philanthropies is almost halfway to the goal, with $ 465 million donated to 71,000 organizations in one year.
Microsoft shares the following benefits from its 2016 donations.
- Through the TEALS program, I helped hire 750 volunteers from over 400 different companies to provide computer training to students at 225 U.S. high schools.
- In partnership with Code.org, set a new record for the annual Hour of Code campaign, with 15 million tries, in 119 countries, of Minecraft coding tutorials
- Helping refugees and displaced people in Jordan, Lebanon, Turkey and Greece with more than $ 30 million in technology and funding to organizations such as Mercy Corps, CARE and NetHope
- Connectivity provided to remote schools, clinics and community centers in 11 countries through the use of TV white spaces
What makes Microsoft’s donations so valuable is that they aren’t just cash. In other words, it’s easy to spend money on a situation. Microsoft also offers services and solutions to help these organizations. Not to mention that by matching employee donations, Microsoft is also likely to boost employee morale.