Wednesday, January 13, 2010

Yahoo! Employee Foundation

Founded in 1999, the Yahoo! Employee Foundation (YEF) is a grassroots philanthropic organization that brings together the talents, time, and financial resources of Yahoo! employees to serve the needs of communities around the globe.

YEF is a unique foundation that is entirely employee driven. All the money is donated by employees, and all activities are run by a volunteer committee of Yahoo! employees. YEF is setting best practices for employee-driven community service.

YEF provides over $2 million in grants to nonprofit organizations, bringing the total given to more than $7.6 million since YEF's inception in 1999. In order to be eligible for a grant, an organization must be championed by an employee who is a YEF donor. This gives employees the opportunity to make a significant contribution to a cause or an organization they feel strongly about.

Matching Gifts: Yahoo! matches up to $1,000 per year per employee of donations made to qualified nonprofits.

Volunteerism: Yahoo! offers a community service day for all employees globally, encouraging them to reach out and support the local community through volunteerism. Employees may volunteer individually, with their work team, or with other employees during regular paid work hours -- whether for a school, a food bank, a homeless shelter, a senior center, or other community or charity organizations.

Does your chapter have any Yahoo employees in its membership?

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