Giving Compass' Take:

• Okta is a San Fransisco based company that is pledging $500,000 to Tipping Point, a nonprofit that partners with organizations to uplift people out of poverty. 

• Are other tech companies in San Fransisco trying to address the housing/homelessness issue in the city? 

• Here's a guide for donors to help the homelessness crisis. 

Okta, a San Francisco-based cloud technology company, just became the latest company to pledge money to fight homelessness and poverty. Over the next four years, the company will give $500,000 to Tipping Point, a nonprofit that partners with other organizations to find solutions for the 1.3 million people in the Bay Area too poor to meet their basic needs.

“One of the biggest and most important things we can do at a tech company is help people get jobs,” says Erin Baudo Felter, executive director of Okta for Good, the company’s social impact arm.

The company will hire San Francisco high school students as interns this summer as part of the city’s Opportunities for All initiative. It will also offer free meeting space in its new offices to nonprofits that are themselves getting priced out of the Bay Area, and will step up its efforts to have its employee volunteer.

Okta didn’t take a public position on Prop C, San Francisco’s tax on big businesses designed to raise money to address the city’s problem with homelessness, that was seen as a major moral test for the city’s tech companies.“You’re seeing collaboration among tech companies,” she says. “And this is one of I think the best things about the world that I work in is this idea that you can radically collaborate with your peers. And I think Prop C really unlocked a lot of that.”

Read the full article about tech companies giving to homeless people by Adele Peters at Fast Company.