California’s REDWOOD CITY, Sept. 28, 2022 — The formation of a worldwide foundation aimed at advancing digital inclusion—from access to technology and connection to the skills required to prosper in today’s digitally driven world—was announced by Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure companyTM.
Funding will be given to groups working to guarantee fair and accessible access to technology, connectivity, and education through The Equinix Foundation, a private 501(c)(3). Environmental sustainability will also be evaluated as a critical issue for the organisation.
Through the donation of Equinix shares, Equinix is making an initial financial commitment of USD 50 million in support of the Equinix Foundation, enabling it to be an autonomous foundation. The Equinix Foundation Board of Directors will decide the Foundation’s annual giving budget each year by regulations governing private foundations. This budget is anticipated to cover grantmaking, employee gift matching, and donations for crisis response. The Foundation also plans to make impact investments, with interest revenue generated adding to the Foundation’s assets while funding social projects at the same time.
Employees of Equinix will be instrumental in establishing the Equinix Foundation and in identifying and assisting nonprofit organizations and social enterprises committed to bridging the digital gap locally and worldwide. Currently, Equinix collaborates with numerous nonprofit groups.
Through the Foundation, the business can now invest in philanthropy more strategically, motivated by the passions of its staff, and scale the beneficial impact it is having on communities worldwide.
Through its programmes, Equinix makes investments in the communities where it conducts business, providing widespread, equitable, and inclusive access to the digital world.
Engaging Employees, Digital Inclusion, Pathways to Opportunity, and Equity & Social Justice are the four key areas of influence that the company has prioritised in its evolving social sustainability strategy. This plan will complement the Equinix Foundation’s grants and impact investments in each of the four categories.
Charles Meyer, the president and CEO of Equinix:
“Our goal at Equinix is to serve as the global platform that connects people and ideas to create technologies that improve our quality of life on earth and at work. The Equinix Foundation is a crucial tool for carrying out our commitment to being “In Service To one another, our clients, our investors, and the communities in which we operate. We are thrilled that by working with the Foundation, we will further our commitment to putting the future first by creating a more equitable, inclusive, and sustainable world and by utilizing and amplifying the passion of our workforce to reduce the digital divide within and outside our communities.”
Equinix is a global provider of digital infrastructure (Nasdaq: EQIX). Digital leaders use Equinix’s trusted platform to link and connect basic infrastructure at software speed. With Equinix’s help, businesses can quickly create digital services, grow with agility, provide top-notch customer experiences, and quadruple their value while advancing their sustainability objectives.
We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
, the world's digital infrastructure companyTM. ){kind=link}