TechSoup is a leading nonprofit network that distributes technology products and grants to NGOs around the world. Its data and validation services enable companies, foundations, and governments to connect their philanthropic resources with vetted NGOs around the world. Microsoft Philanthropies today announced that it has invested $1 million in TechSoup’s direct public offering that will enable TechSoup to distribute more than $5.4 billion of additional resources to the nonprofit sector.
“TechSoup has been a critical partner in building a remarkable and robust societal ecosystem that brings the promise of technology to nonprofits serving on the frontlines, those trying to solve and address the world’s biggest challenges,” said Justin Spelhaug, General Manager, Microsoft Philanthropies Tech for Social Impact. “Microsoft’s investment in and collaborative partnership with TechSoup is building bridges to digital inclusion and empowerment to help the nonprofit sector realize all the benefits of cloud technologies.”
“As one of our earliest, most innovative and longest-standing corporate partners, Microsoft has played a critical role in helping TechSoup bring the promise and potential of technology to people and organizations around the world,” said TechSoup CEO Rebecca Masisak. “This significant new investment will dramatically expand TechSoup’s services, financing five new initiatives to help NGOs, philanthropists and civil society around the world leverage technology to create, connect, activate and transform their organizations and communities.”
You can learn more about this announcement from the link below.