Giving Compass’ Take:
• Fast Company reports that Twilio CEO Jeff Lawson is hoping to inspire and encourage tech companies to use their resources with a $1 million donation incentive to fight homelessness.
• Will this be enough to take bigger steps in such a large issue? What about addressing the affordable housing crisis, which many tech companies have been criticized for exacerbating?
Things are good for Twilio. The cloud communications platform that powers apps and services, such as Lyft’s and Uber’s, announced on November 6 that third-quarter earnings had jumped 68% over the same time last year (to $168.9 million). But things are not good for Twilio’s hometown, San Francisco. The city’s been wracked by stubborn homelessness, soaring rents, severe income inequality, and a nasty fight over a ballot initiative that will create a $300 million business tax to fund solutions to those problems. Prop C, as it was called, passed by nearly 60%, but not before it became a flashpoint in a battle of words (and lots of cash) between Salesforce CEO Marc Benioff, who advocated passing the initiative, and Twitter CEO Jack Dorsey, who opposed it.
“This was a huge debate that in many ways tore the city apart–civic leaders against tech leaders, tech leaders against each other,” says Twilio’s CEO Jeff Lawson.
Two days after reporting its positive financial results, on November 8th, Lawson announced that the company would donate $1 million to help jump-start homeless assistance until the new tax kicks in. The money from the new tax won’t be paid out until 2020, and it could be delayed–or even nixed–by lawsuits asserting that tax initiatives need two-thirds approval to pass.
Read the full article about inspiring tech companies to fight homelessness by Sean Captain at Fast Company.
If you are looking for more articles and resources for Nonprofit Sector, take a look at these Giving Compass selections related to impact giving and Nonprofit Sector.
Looking for a way to get involved?
A good way to complement your interest in Homeless and Housing is to connect with others. Check out these events, galas, conferences or volunteering opportunities related to Homeless and Housing.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Homeless and Housing take a look at these Giving Funds, Charitable Organizations or Projects.