Silicon Valley Bank, bank of the world’s most innovative companies and their investors, and Founders Pledge, a nonprofit focused on maximizing the impact of entrepreneurs, today announced their partnership to sponsor educational opportunities to increase engagement by technology leaders in philanthropic funding.
Through the partnership, Founders Pledge will offer educational events and opportunities to its global community of startup founders, investors, and executives on subjects including global health and economic development, climate change, animal welfare, and enhancing wellbeing. It will also offer educational opportunities on how to maximize philanthropic impact for SVB’s global clientele.
“Silicon Valley Bank’s clients and entrepreneurs worldwide are tackling the globe’s biggest challenges and making an outsized positive impact with their inventions and fast-growing businesses,” said John China, President of SVB Capital. “We appreciate the incredible generosity of community-minded entrepreneurs, business leaders, and investors who prioritize giving back – an important second level of impact. SVB is proud to support Founders Pledge’s newest effort to help the innovators maximize the good they can do.”
For nearly 40 years, SVB has helped innovative companies and their investors move bold ideas forward, and today works with approximately half of all US venture-backed tech and life science companies, 55% of the technology and healthcare companies that had an IPO exit in 2021 and businesses and investors around the world.
“Founders Pledge is singularly focused on helping entrepreneurs do immense good by finding and funding solutions to pressing social problems", said Danielle Gram, the Managing Director of Founders Pledge. "We’re excited to expand the reach of our programming to SVB’s clients, and to be able to offer a robust calendar of educational programming to our members in 2022 with SVB’s generous support.”
Founded in 2015, Founders Pledge includes 1,700 entrepreneurs who have pledged a combined $7 billion to charitable causes. SVB has supported Founders Pledge’s work since 2019, including a $1 million seed donation to support Founders Pledge's top recommendations for high-impact Covid philanthropy in 2020, known as the “Covid-19 Global Impact and Innovation Fund”. Including the seed donation, the impact fund raised $4.6 million which was donated to evidence-based initiatives to stop the spread of Covid, mitigate the social and economic effects of the pandemic, and prepare for future pandemics.
To learn more about Founders Pledge and its partnership with Silicon Valley Bank, contact: email@example.com.