Code42 Expands its Corporate Philanthropy Program
Establishes a foundation with grant and matching gift programs; joins Pledge 1%; donates volunteer time off
Minneapolis — Nov 27, 2018
Code42, the leader in data loss protection, visibility and recovery solutions, announced that it has expanded its corporate philanthropy program. The company recently launched the Code42 Foundation, a non-profit dedicated to supporting charitable organizations that help foster equity in the community. In addition, the company created a matching gift program for employees.
Donations made by the Code42 Foundation, a grass roots and employee-run effort, will align with the company's Pledge 1% commitment. In 2016, Code42 joined Pledge 1%, a global movement that is creating a new normal for companies to integrate giving back into the core of their business. Code42 plans to devote one percent of its equity, one percent of its profits and one percent of its employees' time to help improve communities where its employees live and work. In recognition of Pledge 1%'s four-year anniversary, Code42 and other member companies are joining the non-profit to ring the bell at the Nasdaq today.
"Corporate giving is an integral part of our culture," said Joe Payne, Code42's president and CEO. "During the past two years in support of one of our core values — leave the world a better place — we joined Pledge 1%, created and endowed our Code42 Foundation, and launched a matching gift program for employees. To help instill a giving culture, we also provide our employees Volunteer Time Off, which they have used to donate more than 6,700 service hours to the community."
"The Pledge 1% movement along with our members are setting a new standard for successful companies of the future," said Pledge 1% Chief Executive Amy Lesnick. "Increasingly, giving back isn't just the right thing to do, it's also the smart thing to do. We're proud to work with companies like Code42 that are leveraging their business to have a tremendous impact on their community."
Code42's philanthropic efforts are supported by multiple programs, which play a vital role in serving the communities where its employees live and work.
- Pledge 1% is an effort founded by Salesforce, Atlassian and Rally to accelerate a shared vision of every business around the globe integrating philanthropy into its corporate DNA. The global movement encourages and empowers companies of all sizes and stages to donate staff time, product, profit, and/or equity to any charity of their choosing.
- The Code42Cares program addresses the immediate needs of the community through employee volunteerism. Code42 employees receive two paid days off per year to volunteer at a growing list of charitable organizations and causes they are passionate about. The list includes Second Harvest Heartland, STEM events for the Girl Scouts, hurricane relief, building 3D-printed prosthetic hands, and much more.
- To encourage employees to contribute financially to charitable organizations, Code42 has allocated funds to match personal donations.
- The Code42 Foundation awards grants to local charitable organizations that progress long-term, systemic changes and promote equity in the community. The company's founders — Matthew Dornquast, Mitch Coopet and Brian Bispala — all have donated a percentage of their stock to support the foundation.
To learn more about Code42's community initiatives, visit the Code42 blog and follow #BeCode42.