GEC NEWS WIREThe Sage Foundation will provide support to non-profit organizations and communities around the world by sharing the resources of Sage
Adding a social touch to its ventures, Sage unveiled its Sage Foundation which sets the standard for Corporate Compassionate Capitalism around the world.
Each of Sage’s 14,000 employees will be able to contribute five days per year in work time to volunteer with any non-profit organization they elect to support. The Sage Foundation will also give grants to create entrepreneurial opportunities for the young and disadvantaged within communities, as well as grants to match employee charitable donations and fundraising. The Sage Foundation has created a model of ‘2+2+2’: donating 2% of employee time each year (5 days), 2% of free cash flow and 2 of Sage’s smart technology products for any charity, social enterprise or non-profit organization. This model demonstrates Sage’s commitment to philanthropic leadership in the FTSE 100.
With tens of thousands of non-profit organizations as existing Sage customers, the Sage Foundation will enhance Sage’s relationship with charity and social enterprise. Non-profit organizations will be able to apply for donated Sage One, Sage Life or X3 products, through the newly created Donation program.
Ivan Epstein, Chairman of Sage Foundation and CEO of Sage Africa & Asia, said: “Sage is at the heart of millions of businesses around the globe who play a vital role in their communities. By partnering with the non-profit sector we will free organizations from operational complexity and enable them to run efficient, socially-driven organizations.”
“It’s great to see plans for the Sage Foundation and its support for the philanthropic model we pioneered at Salesforce,” said Marc Benioff, Chairman and CEO of Salesforce. “By integrating philanthropy into its culture on a global scale, Sage can make a difference in the lives of millions of people around the world.”
Driven by Sage’s ambition to connect its customers, colleagues and communities within an integrated model, the Sage Foundation will be open for business globally from 1st October 2015.
