Nearly $4 Million in Grants Awarded by Yahoo Employee Foundation (YEF)
October 25 2016 - 11:00AM
Business Wire
Largest-Ever YEF Grant Cycle Will Support 110
Organizations Around the World
The Yahoo Employee Foundation (YEF), an employee-funded,
philanthropic organization, today announced its largest-ever grant
cycle of nearly $4 million. Every year, donations from Yahoo
employees, plus interest from investments, are awarded to eligible
organizations through YEF grants. YEF is funding 77% of the grant
applications it received in 2016, and the funds will benefit 110
nonprofit organizations around the world.
Through YEF, Yahoo employees are able to champion important
causes and impact organizations around the world. YEF-funded
efforts are focused on three areas: youth and education, family and
community building, and environment. Since 2000, YEF has awarded
over $25 million through more than 1,200 grants to organizations
chosen by Yahoo employees.
“Yahoo employees are making a meaningful, lasting difference in
people’s lives through the Yahoo Employee Foundation,” says Emmy
Negrin, Program Manager, Yahoo For Good. “We’re honored to award
nearly $4 million in grants to organizations around the world, and
proud to have engaged donors and nonprofits throughout the process.
From volunteering, to running fundraising events, to partnering
with charitable organizations, to leading grant cycles, Yahoo
employees have generously given their time, talents, and resources
to philanthropy.”
Another YEF highlight from this year was the creation of a grant
program that aligns diversity and social impact initiatives,
empowering employees to reach outside of Yahoo and make a
difference in their various communities. Each of Yahoo’s eight
employee resource groups were given the opportunity to apply for a
grant to support an organization or cause that directly aligned
with the group’s passion and focus. YEF reviewed and approved the
qualified grant applications, furthering the impact our employee
resource groups have outside of Yahoo.
YEF is a unique foundation in that it is entirely employee
funded and led by employee volunteers. Since it was created in
1999, with leadership from Yahoo founders David Filo and Jerry
Yang, YEF has operated as a legally separate entity from Yahoo,
Inc., allowing employees to independently drive the direction of
the fund.
About the Yahoo Employee Foundation (YEF)
YEF’s purpose is to facilitate charitable endeavors that benefit
those causes deemed most important to Yahoo employees and YEF
participants. In furtherance of this purpose, YEF's primary
objectives are to coordinate voluntary charitable activities, to
collect funds, and to grant funds to qualified charitable
organizations. Additionally, YEF represents the charitable
interests of Yahoo donors by serving as their collective voice.
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version on businesswire.com: http://www.businesswire.com/news/home/20161025005539/en/
Yahoo, Inc.Heidi Hansen, 818-439-1522heidih@yahoo-inc.com
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