LinkedIn Commits $10 Million to Affordable Housing in Silicon Valley

Philanthropy News Digest | December 14, 2017

LinkedIn Commits $10 Million to Affordable Housing in Silicon Valley
The Housing Trust Silicon Valley has announced a $10 million investment from LinkedIn in support of efforts to get high-tech organizations, large employers, and philanthropists involved in creating affordable housing in the Bay Area.The investment will benefit the trust's TECH (Tech + Equity + Community + Housing) Fund, which was launched earlier this year to help affordable housing developers with their short-term capital needs so that they are able to compete more effectively with market-rate developers. Part of the investment already is being utilized by Palo Alto Housing to purchase a site in Mountain View where it plans to build seventy new affordable apartments and twenty homes dedicated to permanent supportive housing. Housing Trust was able to close the loan within a month and lock down the site.

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YCF donates more than $40,000 to 19 non-profits that are facing greater demands during COVID-19 outbreak

The Your Community Foundation of North Central West Virginia | April 20, 2020

The Your Community Foundation of North Central West Virginia (YCF) has awarded more than $40,000 in grant money to 19 non-profits that are having greater demands during the COVID-19 outbreak. Patty Showers Ryan, YCF’s president, said the money was donated by community members, businesses and corporations alike who see the demand in the community and wanted to do their part to help. Ryan explained that all of the donations go to the agencies and that the awarding of grants will not be a one time deal. “We have a cycle set up that we’re going to make grant awards every other week for as long as this emergency continues and I suspect — we’re seeing a lot of need for food pantries and shelter,” Ryan said. “We’re hearing more that there may be some needs for domestic violence types of victims that may have dealt with domestic violence.”

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Kroger donates over $40,000 to W.Va. food banks

Kroger | April 19, 2020

Last week, Kroger Mid-Atlantic donated $41,000 in product and cash donations to two prominent West Virginia food banks — Mountaineer Food Bank in Gassaway and Facing Hunger Foodbank in Huntington. Mountaineer Food Bank received a $10,000 cash donation and nine pallets of peanut butter, consisting of 10,300 individual jars and valued at nearly $11,000. Facing Hunger Foodbank received a $20,000 donation, which will be used to aid its senior feeding program. The donations come during a time of extraordinary demand across the state as a result of situations arising from the COVID-19 pandemic. “We’re inspired by the work of Mountaineer Food Bank and Facing Hunger Foodbank, and we are doing our best to bring critically needed food and resources to those who are struggling with hunger at this time,” said Allison McGee, corporate affairs manager for Kroger Mid-Atlantic, in a news release. “Our food bank partners need us now more than ever, and we will continue to look for solutions to support them.”

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Shiner Brewer Donates $500,000 to Nonprofit Texas Restaurant Relief Fund

Spoetzl Brewery | April 16, 2020

Spoetzl Brewery, the brewer of Texas' own Shiner Bock, is donating $500,000 to a relief fund aimed at helping the state's restaurants and their employees. According to the brewery, the donation to the Texas Restaurant Association is meant to provide financial relief to Texas' independent restaurateurs with funds designed to safeguard employee jobs. The Texas Restaurant Relief Fund initiative was established by the Texas Restaurant Association Education Foundation, the nonprofit workforce development arm of the Texas Restaurant Association.

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First Internet Bank Commits $250,000 for COVID-19 Relief

First Internet Bank | April 15, 2020

First Internet Bank announced today a commitment of $250,000 to help address the immediate economic challenges of COVID-19. Through a dollar-for-dollar match with IMPACT Central Indiana (IMPACT), funds will be rapidly deployed through the Indy Chamber's Business Ownership Initiative (BOI) to help small businesses, funds and nonprofits in Marion and Hamilton Counties weather the short-term health crisis and promote continued long-term economic growth.

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Our latest Skye Learning video explains eight key differences between nonprofit organizations and for-profit companies, to help you decide which one would be the better fit for you. All companies have a distinct purpose, but this is where the difference between a nonprofit and a for-profit is the starkest.

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