Zuora.org Opens Its First-Ever Public Grants Cycle
15 April 2020 - 10:00PM
Business Wire
To support the growth of more inclusive
communities, Zuora is inviting nonprofits across the globe to apply
for community impact grants totaling $250,000
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription
management platform provider, today announced that the Zuora Impact
Fund, through Zuora.org, the company’s philanthropic arm, is now
accepting applications for its first public grant cycle, through
May 31, 2020.
Zuora is seeking to fund organizations that align with the goal
of this grant cycle: to support the communities where its employees
live and work. Zuora will make strategic grants to global
nonprofits and social enterprises focused on creating more
equitable and prosperous communities, including those which
strengthen educational foundations, create innovative workforce
development opportunities, and stimulate local economies.
“At Zuora we know that we can only succeed if our employees and
communities are thriving. Given the current COVID-19 crisis,
organizations are changing the way they reach and support their
constituents, and we want to help accelerate that work. While we’ve
had this grant cycle planned for some time, launching now couldn’t
be more critical,” said Rory Ihlamur, Director of
Zuora.org.
In response to the COVID-19 pandemic, Zuora joined the COVID-19
Tech Collaborative, a collective of 25 Bay Area based companies, to
immediately disperse an initial $22 million in collective funding
to those most impacted. And, through Zuora.org, employees are
engaged in virtual volunteer opportunities around the world.
“The Subscription Economy is having a tremendous impact on
society. As consumers shift their preference from ownership to
usership, everything will eventually become a service. At Zuora, we
want to not only support the businesses making this shift, but do
our part to ensure that the opportunities of this new economy are
accessible to everyone,” said Tien Tzuo, CEO and Founder of
Zuora. “The mission of Zuora.org is to ensure that the
Subscription Economy benefits individuals and communities, as much
as it does businesses.”
In an effort to create more inclusive economies, last year Zuora
committed an initial $1,000,000 to provide funding to organizations
that are working tirelessly to help bridge socioeconomic
opportunity gaps. The company’s philanthropic arm, Zuora.org, will
use the funds to fuel two initiatives: the Zuora Impact Fund which
invests in mission-aligned nonprofits and social enterprises and
employee-driven volunteer and fundraising activation.
This work is the actualization of Zuora’s commitment to the
Pledge 1% movement, in which Zuora will allocate 1% of equity and
employee time to philanthropic endeavors.
Recipients of the first public grant cycle will receive grants
ranging from $10,000 - $50,000 to put their plans into action.
Zuora will accept applications through May 31, 2020 and will
announce recipients later this June. For more information on how to
apply, or to read more about Zuora’s philanthropic work, visit
Zuora.org.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management
platform that functions as a system of record for subscription
businesses across all industries. Powering the Subscription
Economy®, the Zuora platform was architected specifically for
dynamic, recurring subscription business models and acts as an
intelligent subscription management hub that automates and
orchestrates the entire subscription Order to Revenue process
seamlessly across billing and revenue recognition. Zuora serves
more than 1,000 companies around the world, including Box, Rogers,
Schneider Electric, Xplornet and Zendesk. Headquartered in Silicon
Valley, Zuora also operates offices around the world in the U.S.,
EMEA and APAC. To learn more about the Zuora platform, please visit
www.zuora.com.
© 2020 Zuora, Inc. All Rights Reserved. Zuora, Subscribed,
Subscription Economy, Powering the Subscription Economy, and
Subscription Economy Index are trademarks or registered trademarks
of Zuora, Inc. Third-party trademarks mentioned above are owned by
their respective companies. Nothing in this press release should be
construed to the contrary, or as an approval, endorsement or
sponsorship by any third parties of Zuora, Inc. or any aspect of
this press release.
SOURCE: Zuora Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20200415005167/en/
Jayne Gonzalez press@zuora.com 408-348-1087
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