Zuora has selected 10 international organizations as recipients of community impact grants totaling $250,000
Redwood City, Calif. – August 11, 2020 – Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced that the Zuora Impact Fund, through Zuora.org, has selected its first Community Impact Grant recipients. The Community Impact Grant program underscores Zuora’s efforts to ensure the Subscription Economy® benefits everyone through its employee time, equity, and product, to contribute to creating more inclusive local economies.
In its first ever grant cycle, launched in the midst of the COVID-19 outbreak in the U.S., Zuora.org sought to fund organizations addressing the needs of underserved individuals and those breaking down barriers to economic participation.
“Philanthropic organizations are not only seeing a steep increase in the numbers of individuals needing their support through emergency relief such as food, shelter, and individual microgrants, but they are also needing to shift their business models to effectively reach their constituents through virtual deployment or social-distanced delivery methods,” said Rory Ihlamur, Director of Zuora.org. “To help alleviate some of that pressure we decided to issue unrestricted funding so that organizations can use the grant money for their highest priorities and pivot to best serve their communities.”
The recipients of Zuora.org’s $250,000 in impact grants represent a global collection of organizations demonstrating their dedication and passion in providing unwavering support to those most negatively affected by COVID-19. Not only are they supplying basic human needs such as food and shelter but they are also committed to helping their constituents find stability and economic mobility in very uncertain times.
Zuora.org Community Impact Grant Recipients
In an effort to further their philanthropic work, Zuora re-committed another $1,000,000 in FY’21 to provide funding to organizations that are building more equitable educational structures, providing innovative workforce development opportunities, and those that support under-represented entrepreneurs. The goal is to create more equitable prosperity for individuals and communities that have been underrepresented. The company’s philanthropic arm, Zuora.org, will use the funds to fuel two initiatives: the Zuora Impact Fund which invests in mission-aligned nonprofits and employee-driven volunteer and fundraising activation.
As a result of its continued efforts to drive inclusivity through philanthropic efforts, Zuora was recently named a San Francisco Business Times Top 100 Philanthropist.
Read more about Zuora.org’s Community Impact Grant Cycle here.
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 zuorainternprd.wpengine.com.
© 2020 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. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release.
SOURCE: Zuora Financial
Press Contact:
Jayne Gonzalez
press@zuora.com
408-348-1087
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