Sage, one of the UK’s largest tech firms set out a 2+2+2 model for its newly launched Foundation.
Under the model Sage will enable its workforce to donate 2% of their working time (5 days) 2% of free cash flow from the non-profit sector (£5m by estimate) and 2 products to charities, social enterprises or non-profits.
The Sage Foundation will also give grants to create entrepreneurial opportunities for the young and disadvantaged within communities, as well as grants to match employee charitable donations and fundraising.
Sage Foundation will be open for business globally from 1st October 2015.
With tens of thousands of non-profit organizations as existing Sage customers, the Sage Foundation will enhance Sage’s relationship with charity and social enterprise. Non-profit organizations will be able to apply for donated Sage One, Sage Life or X3 products, through the newly created Donation program, the firm said.
The move drew support from Sage strategic partner Salesforce.
"It’s great to see plans for the Sage Foundation and its support for the philanthropic model we pioneered at Salesforce," said Marc Benioff, Chairman and CEO of Salesforce. "By integrating philanthropy into its culture on a global scale, Sage can make a difference in the lives of millions of people around the world."
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Ivan Epstein, Chairman of Sage Foundation and CEO of Sage Africa & Asia, said: "At Sage we care and are committed to enhancing the lives of the less fortunate in a meaningful and sustainable way. The Sage Foundation will provide support to non-profit organizations and communities around the world by sharing the resources of Sage."
The company said each of Sage’s 14,000 employees will be able to contribute five days per year in work time to volunteer with any non-profit organization they elect to support.
