Devoted Philanthropic Fund Launches with NetHope as First Grant Recipient
SAN FRANCISCO–(BUSINESS WIRE)–August 30, 2017–
Okta, Inc. (NASDAQ:OKTA), the main unbiased supplier of identification for the enterprise, at present launched the Okta for Good Fund. Okta additionally announced NetHope, a worldwide consortium of the world’s main nonprofits, as the primary grantee of the Fund. Okta will function a Founding Accomplice of NetHope’s new initiative, the Heart for the Digital Nonprofit, and the Okta for Good Fund grant will help expertise initiatives for humanitarian nonprofits by means of the Heart.
The Okta for Good Fund’s mission is to strengthen the connections between folks, expertise and group. The Fund will help three main program areas: growing the ecosystem for expertise innovation within the social sector; empowering Okta staff with the information and instruments they should give again; and investing in underserved teams in Okta’s world communities. The Okta for Good Fund is a donor-advised fund of Tides Basis, a San Francisco-based philanthropic companion and nonprofit accelerator devoted to constructing a world of shared prosperity and social justice, and strategic management companion for the Pledge 1% initiative.
“We founded Okta with a vision to enable people to connect with any technology, from a large multinational business to a nonprofit with a few employees – and we are committed to using the Okta Identity Cloud to positively impact communities around the world,” mentioned Frederic Kerrest, Okta COO and co-founder. “Last year we took the 1% Pledge and created Okta for Good to establish our commitment to giving back to our global communities. Today we’re deepening that commitment by launching the Okta for Good Fund and partnering with NetHope as the Fund’s first grantee. By working alongside NetHope as a Founding Partner for the Center for the Digital Nonprofit, we’ll bring the best of Okta – our people, product expertise and resources – to support humanitarian NGOs around the world.”
Enabling Nonprofit Digital Transformation with NetHope
With this primary grant, Okta is committing to be a Founding Accomplice of NetHope’s Heart for the Digital Nonprofit, a brand new effort to allow digital transformation for world humanitarian nonprofits. Since its inception, NetHope has supported nonprofit organizations to raised use expertise to serve their communities. By offering assets, instruments, steering and grantmaking wanted for this digital transformation, the brand new Heart will construct on years of expertise experience and on-the-ground nonprofit experience to offer a basis that helps ship support, relieve struggling and construct hope. Okta joins Microsoft as a Founding Accomplice, main the best way for different dedicated companions to take a position on this essential work.
“We’ve spent the past 16 years examining and building a deep understanding of how global humanitarian nonprofits are engaging with technology – exploring where gaps exist, and finding ways we can work across the public and private sectors to address them,” mentioned Lauren Woodman, CEO of NetHope. “In partnership with Okta for Good’s mission of connecting people, communities and technology, the Center for the Digital Nonprofit will act as a catalyst for productive collaboration, innovation and problem-solving – reimagining how technology can improve our world.”
Deepening the Dedication to Okta’s International Communities
Along with launching the Okta for Good Fund, Okta will proceed its dedication to giving again domestically by taking part for the fourth yr in SF Gives, a $10M initiative led by Tipping Level Group and main expertise firms within the San Francisco Bay Space to battle poverty domestically. For the reason that Okta for Good program was announced in 2016, Okta staff have invested 800 hours of volunteer time with greater than a dozen organizations in our native communities, together with Ladies Who Code, Yr Up and CareerVillage.org. As well as, in that point, Okta has directed $600,000 of donated expertise to 130 organizations, reaching greater than 365,000 users.
About Okta, Inc.
Okta is the main unbiased supplier of identification for the enterprise. The Okta Id Cloud connects and protects staff of lots of the world’s largest enterprises. It additionally securely connects enterprises to their companions, suppliers and clients. With deep integrations to over 5,000 apps, the Okta Id Cloud permits easy and safe entry from any device. 1000’s of consumers, together with Experian, 20th Century Fox, LinkedIn, Flex, Information Corp, Dish Networks, and Adobe belief Okta to work sooner, enhance income and keep safe. Okta helps clients fulfill their missions sooner by making it secure and simple to make use of the applied sciences they should do their most important work.
NetHope empowers dedicated organizations to enhance the world by means of the power of expertise. NetHope, a consortium of 50-plus main world nonprofits, unites with expertise firms and funding companions to design, fund, implement, adapt, and scale modern approaches to unravel development, humanitarian, and conservation challenges. Collectively, the NetHope group strives to remodel the world, constructing a platform of hope for many who obtain support and people who ship it.