(San Francisco, CA) Contrary to popular belief, the Microsoft Corporation does do charitable work or philanthropy. In fact, officially it is organized as Microsoft Philanthropies. Additionally; its mission statement is to empower every person, and, every organization to achieve more. The previously said; is accomplished through a digital transformation, and, the enabling of the intelligent internet cloud era. At the same time, Tech Soup is a non-profit organization that operates, a network of non-governmental organizations (N.G.O.s). Through the network of N.G.O.s, Tech Soup, provides technical support and technological tools to other non-profit organizations. Recently, Tech Soup announced that, it has received $1 million USD from Microsoft Philanthropies. The $1 million dollars from Microsoft, is in the form, of an investment. Additionally, it is part of Tech Soup’s recently launched, direct public offering (D.P.O.). The goal of the direct public offering, is $11.5 million USD. Tech Soup hopes that the $11.5 million dollar D.P.O., will have an impact that has an estimated value of, $5.4 billion USD.
The estimated value and impact, of $5.4 billion USD, will be about $470 million USD closer. According to Tech Soup, the $1 million dollar donation from Microsoft Philanthropies, will have an impact that is worth $470 million dollars. Tech Soup’s direct public offering, is an idea for a funding source. Additionally; it is hoped that it will enable individuals and corporations, to directly invest into, Tech Soup’s growth and mission statement. Interestingly, the Microsoft Corporation is the first corporate investor, in Tech Soup’s D.P.O. Tech Soup does hope that, this announcement will catalyze, other investors. Specifically for Tech Soup’s mission statement, Microsoft and Tech Soup hope that, the infusion of one million dollars will do the following. It is hoped that, it becomes an investment in the civil society infrastructure. The previously said, is indeed necessary, to be able to, maintain a global network of N.G.O.s. Additionally; and as part of this global network of N.G.O.s, so that other N.G.O.s, in other countries will have access to Microsoft’s internet cloud solutions. Furthermore; so that other N.G.O.s will have access to services, support and education. Through the previously said and guided by an ultimate goal, a fruition of social impact, and, a digital transformation is hoped for.
Jane Meseck is the Senior Director of Tech for Social Impact at Microsoft Philanthropies. Through a press statement, Ms./Mrs. Meseck said the following. “Building capacity and digital skills for NGOs is vital to our strategy. Our investments in mission-based partnerships like TechSoup have enabled a scale of impact and a sustainable model that can now contribute significantly to our cloud adoption goals and ensure NGOs are ready for the future.” Justin Spelhaug is the General Manager of Tech for Social Impact at Microsoft Philanthropies. Through a press statement, Mr. Spelhaug said the following. “TechSoup has been a critical partner in building a remarkable and robust societal ecosystem that brings the promise of technology to nonprofits serving on the frontlines, those trying to solve and address the world’s biggest challenges.” Justin Spelhaug also said. “Microsoft’s investment in and collaborative partnership with TechSoup is building bridges to digital inclusion and empowerment to help the nonprofit sector realize all the benefits of cloud technologies.”
The year 1996; is the first time in which the Microsoft Corporation and Tech Soup met, in an effort that was charitable, or, philanthropic in nature. Tech Soup’s direct public offering (D.P.O.), is available on the website, Svx.us. Svx.us is an investment platform. Additionally, it offers debt and equity investment opportunities. High impact companies, organizations, non-profit organizations and funds can all be invested in; through the Svx platform. It is also hoped for that, investments done through Svx.us, can deliver positive change. To be specific; positive social change, and, environmental change are hoped for from the investments. All the while, the Svx platform aims to give back investors, a good return on their investment. Rebecca Masisak is the C.E.O. of Tech Soup. Through a press statement, Ms./Mrs. Masisak said the following. “As one of our earliest, most innovative and longest-standing corporate partners, Microsoft has played a critical role in helping TechSoup bring the promise and potential of technology to people and organizations around the world. This significant new investment will dramatically expand TechSoup’s services, financing five new initiatives to help NGOs, philanthropists and civil society around the world leverage technology to create, connect, activate and transform their organizations and communities.”
To end, Rebecca Masisak concluded her press statement by stating. “The Nonprofit/NGO sector is under‐resourced and under‐represented in an increasingly digital world, but with support from Microsoft and our other investors, we will be able to increase the resources we distribute to organizations and nearly double the number of nonprofits we serve. By leveraging the emerging trends of online communities, the World Wide Web for information sharing, and e‐commerce marketplaces, we can help close the tech gap for more of the world’s frontline NGOs that serve billions of the most vulnerable people and help them more effectively address the world’s most critical problems.” As previously stated, Tech Soup recently announced that, it has received $1 million USD from Microsoft Philanthropies. The $1 million dollars from Microsoft, is in the form of, an investment. Additionally, it is part of Tech Soup’s recently launched, direct public offering (D.P.O.). The goal of the direct public offering, is $11.5 million dollars. Lastly; Tech Soup hopes that the $11.5 million dollar D.P.O., will have an impact that has an estimated value of, $5.4 billion USD.
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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
02/09/2019
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