Microsoft Employees Raise Record-Breaking $113 Million for Nonprofit Organizations in 2013
It has been a record-breaking 2013 for Microsoft as the Surface company raised millions for nonprofit organizations.
Microsoft's General Counsel and Executive Vice President for Legal and Corporate Affairs Brad Smith revealed employees raised $113 million for more than 19,000 nonprofit organizations. The $113 million is an increase of $8 million from 2012's $105 million. According to Microsoft's tracking, the $113 million is an increase of $25 million from 2009's figures.
Smith said, "Amidst Microsoft's transformation, the value of community involvement continues to define us as employees."
As Latin Post reported, Microsoft recently named a new chief executive officer (CEO).
Satya Nadella was named Microsoft's new CEO, succeeding Steve Ballmer. Nadella's appointment brings a close to the CEO search that began last summer. On Aug. 23, 2013, Steve Ballmer announced his retirement as the company's CEO, and Bill Gates starting a new role as Microsoft's Technology Advisor.
In regards to the record-breaking donations, the $113 is a combination of employees' cash donations, Microsoft's matching contributions, and $7.8 million from the company equalizing volunteer hours recorded by workers.
"Our volunteer program provides a Microsoft contribution of $17 for every hour spent by our employees," Smith added. "Last year, more than 7,400 employees participated, logging almost 460,000 volunteer hours to help nonprofit groups. This has been growing -- enough so that 2014 may well see Microsoft employees contribute half a million hours of volunteer time to help nonprofits thrive."
Within Washington State alone during 2013, Microsoft employees accumulated more than $59 million for 4,858 nonprofits such as the Fred Hutchinson Cancer Research Center, Hopelink, Humane Society for Seattle/King County, KUOW, Northwest Harvest, Seattle Children's Hospital Foundation, United Way of King County, and Washington State Opportunity Scholarship. Over the span of 30 years, however, Microsoft has contributed approximately $600 million to Washington State-based nonprofits with the Microsoft Employee Giving Program.
Microsoft's donations has helped globally with collaborations with the American National Red Cross, Doctors Without Borders, Leukemia & Lymphoma Society, the United Nations Children's Fund (UNICEF), and World Vision for disaster response, cancer research, youth empowerment, and more.
In 2012, Microsoft disclosed it reached $1 billion in employee donations since 1983.
"We've been asked when we'll reach the second billion," said Smith. "It's clear to me that with three record-breaking, $100 million years in a row, we are well on our way!"
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