Apple Donates $500000 to 'SF Gives' Anti-Poverty Initiative - Mac Rumors

Apple has donated $500,000 to SF Gives, an anti-poverty initiative formed by Salesforce.com CEO Marc Benioff and Tipping Point CEO Daniel Lurie, reports Fortune. Apple's contribution comes ahead of the SF Gives' Wednesday deadline, which looks to get 20 companies to contribute $500,000 each, or $10 million in total to fund charitable programs in the Bay Area.

The Cupertino, Calif.-based tech giant joins a list of 15 corporate contributors that includes Google, LinkedIn, and Zynga. Launched in early March, SF Gives is the brainchild of Salesforce.com (CRM) CEO Marc Benioff and Daniel Lurie, CEO of the nonprofit Tipping Point.

The donation also follows a number of charitable moves made directly by Apple in the past few years, including the establishment of a donation matching program for employees which generated $2.6 million in less than a year. Since 2006, Apple has also partnered with (Product) RED to contribute a total of $70 million towards HIV/AIDS programs in Africa. Through the collaboration, Apple has sold special (RED) products, including iPhone 5s cases, iPod nanos and shuffles, iPad Smart Covers, and iPhone Bumpers.

Apple benefitted greatly from the unpaid contributions of legions of loyal supporters in the tech community and customers over the decades. $500,000 from multi-billion dollar company is pocket change.

I'm sure that customers are beneficial to most businesses.

In terms of philanthropy Apple has a pathetic record. Bill Gates has given back to the community much more than anyone at Apple.

In terms of philanthropy Apple has a pathetic record. Bill Gates has given back to the community much more than anyone at Apple.

Every silver lining must have a cloud, eh?

In terms of philanthropy Apple has a pathetic record. Bill Gates has given back to the community much more than anyone at Apple.

I think the more apt comparison would be the donations to charity Apple as has made as a company (Product RED, this, etc.) to the donations to charity Microsoft has made.

Hopefully, this move by the companies will help reduce the anti-Silicon Valley sentiment in San Francisco...

Apple benefitted greatly from the unpaid contributions of legions of loyal supporters in the tech community and customers over the decades. $500,000 from multi-billion dollar company is pocket change.

And what exactly does this charity do? There's a lot of big problems in the world and there aren't a lot of great solutions for them, or else those solutions would have been funded and our problems solved.

There are a lot of dumb ideas for how to solve problems with charities built around them that certainly shouldn't be funded.

So is SF Gives built around a great solution or an incredibly dumb one.

Here's an idea: evenly distribute the money across the poor people.

via apple - Google News http://ift.tt/1q6LUwa