Zuora’s $1 Million Contribution to Zuora.org Will Increase Access to More Equitable Opportunities
April 07 2021 - 8:00AM
Business Wire
The company’s first Director of Social Impact
will lead the future Zuora.org program
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription
management platform provider, today announced that its second $1
million stock contribution to Zuora.org, the company’s
philanthropic arm, will support nonprofits dedicated to increasing
opportunities for underrepresented communities and connecting the
next generation of diverse talent to sustainable careers that allow
them to earn a living wage.
At Zuora, we believe the World Subscribed is a better world. By
facilitating access over ownership, the Subscription Economy® has
the ability to democratize goods and services for all. However,
it’s not guaranteed that every individual is able to unlock the
benefits of the Subscription Economy on their own.
“We have a responsibility to ensure that the Subscription
Economy is an inclusive economy; that what we’re pioneering enables
accessibility and participation for all within their local
communities,” said Tien Tzuo, CEO and Founder of Zuora.
“Building on all that we have previously accomplished, this $1
million Impact Fund seeks to create economic opportunity for
individuals and communities that have been historically
underrepresented.”
Zuora.org’s activities from last year are highlighted in the
2020 Impact Report. During the last year, Zuora’s monetary
donations focused on building more equitable educational
structures, providing innovative workforce development solutions,
supporting entrepreneurs from underrepresented groups, and
addressing the most pressing issues in Zuora’s local
communities.
Zuora.org 2020 social impact by the numbers:
- $872,711 granted to over 50 organizations.
- Climb Hire, dev/Mission and Upwardly Global selected as the
first strategic nonprofit partners.
- $65,000 contributed to organizations working to advance racial
equity for Black people: Bail Project Inc, NAACP Legal Defense and
Educational Fund, NAACP Empowerment Programs, and Black Lives
Matter Global Network Foundation.
- $254,500 awarded in Community Impact grants to organizations
helping their constituents find stability and economic mobility in
very uncertain times: Aruwe, Farming Hope, Hack the Hood,
Hospitality Helps, Monthly Miracles, NPO e-Education, Oasis for
Girls, Open Heart Kitchen of Livermore, SFMade, Tri-Valley Haven
for Women.
- $60,485 given to 21 organizations through an employee driven
grant program.
- 488 volunteer hours donated and $18,000 raised by ZEOs to
support non-profit organizations during Zuora’s first Global Week
of Giving.
- Zuora named a San Francisco Business Times Top 100
Philanthropist.
To lead the future of the Zuora.org program, Zuora hired
Rachael Claudio, Director of Social Impact. She said, “I am
thrilled to join Zuora on its mission to increase access to the
Subscription Economy -- for everyone. That’s why we’re dedicating
our work at Zuora.org to uplift economic and educational
opportunities for youth and adults who are disconnected from the
benefits of today’s digital world. I look forward to working with
our current partners and building new programs to help close this
gap.”
Funds from Zuora’s second $1 million stock contribution to
Zuora.org are administered through the Tides Foundation. For more
information, please visit www.zuora.org.
About Zuora, Inc. Zuora provides the leading cloud-based
subscription management platform that functions as a system of
record for subscription businesses across all industries. Powering
the Subscription Economy®, the Zuora platform was architected
specifically for dynamic, recurring subscription business models
and acts as an intelligent subscription management hub that
automates and orchestrates the entire subscription order-to-revenue
process seamlessly across billing and revenue recognition. Zuora
serves more than 1,000 companies around the world, including Box,
Ford, Penske Media Corporation, Schneider Electric, Siemens,
Xplornet, and Zoom. Headquartered in Silicon Valley, Zuora also
operates offices around the world in the U.S., EMEA and APAC. To
learn more about the Zuora platform, please visit
www.zuora.com.
© 2021 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third party trademarks mentioned above are owned by
their respective companies.
SOURCE: Zuora Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20210407005315/en/
Jayne Gonzalez press@zuora.com 408-348-1087
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