Techstars is excited to announce a partnership with Pledge 1%: we have taken the pledge by donating 1% of our equity to Pledge 1%, and we’re encouraging our 500+ portfolio companies to get behind the movement as well.
As part of Techstars’ overall commitment to building a strong entrepreneurial ecosystem, Techstars has built a relationship with Pledge 1% to help build stronger companies and communities. Pledge 1% is a corporate philanthropy movement dedicated to making the community a key stakeholder in every business. Pledge 1% encourages and challenges individuals and companies to pledge 1% of equity, product, or employee time for their communities.
Pledge 1% founding partners include the Salesforce Foundation and Atlassian, two companies that know first-hand how pledging a small portion of future success today can have an enormous impact tomorrow. In 2014, they came together with the Entrepreneurs Foundation of Colorado to accelerate a shared vision of every business around the globe integrating philanthropy into its corporate DNA. Nicole Glaros, Partner in Techstars Ventures, is on the board of Entrepreneurs Foundation of Colorado and has been closely involved in rolling out Pledge 1% nation-wide. Take a look at what she has to say about getting involved.
Companies and their employees today want to be civically minded and aligned with a social mission that prioritizes having a positive impact on the world.
How does Pledge 1% Work?
Individuals and companies can go to www.pledge1percent.org to learn more about how to create a culture of giving through resources, case studies, and best practices. Visitors can also pledge equity, employee time and/or product directly on the website. Pledge 1% facilitates making an equity pledge easy to implement, connects companies with local resources to empower employee engagement programs, and helps companies to further define and respond to community needs.
Who benefits from the pledges?
Pledgees choose the cause, focus area and nonprofits to receive the realized value of their resources based on their community goals and company and employee interests. The Pledge 1% movement is fully funded by its founding partners, so all realized benefit from pledges goes to the causes that pledgees support.
Be part of the movement. Build giving into your culture today. Contact firstname.lastname@example.org to learn more.