Equinix announced the launch of a global foundation focused on the advancement of digital inclusion—from access to technology and connectivity to the skills needed to thrive in today’s digitally driven world. The Equinix Foundation, a private 501(c)(3), will provide funding to organisations working to ensure equitable and inclusive access to technology, connectivity and education. It will also assess opportunities in environmental sustainability, an area of strategic importance to the company.
Equinix is making an initial financial commitment of $50 million in funding, through contribution of Equinix shares for the Equinix Foundation which will allow it to be a self-sustaining foundation. In alignment with guidelines governing private foundations, the Equinix Foundation Board of Directors will determine the Foundation’s annual giving budget each year, which is expected to cover grantmaking, employee donation matching, and crisis response donations. The Foundation also intends to make impact investments with interest income earned contributing to Foundation assets while simultaneously supporting social programs.
Equinix employees will play a key role in shaping the Equinix Foundation, helping to identify and support community-driven nonprofits and social enterprises dedicated to closing the digital divide locally and globally. Equinix is currently partnering with dozens of nonprofit organisations working to bridge the digital divide, including:
— BigHope, a nonprofit in Texas that prepares elementary school youth for opportunities in the fields of Science, Technology, Engineering, Art and Math (STEAM).
— CLAP-TECH, a group that collaborates across education and industry partners in Hong Kong to prepare high school students for the future.
— World Pulse, an online social network led by women from more than 227 countries with a mission to lift and unite women’s voices to accelerate their impact for the world.
Through the Foundation, the company can now be more strategic in its philanthropic investments, driven by its employees’ passions and scaling the positive impact it is making in communities around the world.
Charles Meyers, President and Chief Executive Officer, Equinix, said, “At Equinix, our purpose is to be the platform where the world comes together, enabling the innovations that enrich our work, life and planet. The Equinix Foundation is an important vehicle to deliver on our ‘In Service To’ commitment—to one another, our customers, our investors and the communities in which we operate. We are excited that through the Foundation, we’ll also advance our future-first commitment to build a better, more inclusive, more sustainable world, while harnessing and amplifying the passion of our people to help close the digital divide in our communities and beyond.”
