Zuora's $1 Million Contribution to Zuora.org Will Increase Access to More Equitable Opportunities
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced that its second $1 million stock contribution to Zuora.org, the company's philanthropic arm, will support nonprofits dedicated to increasing opportunities for underrepresented communities and connecting the next generation of diverse talent to sustainable careers that allow them to earn a living wage.
At Zuora (News - Alert), we believe the World Subscribed is a better world. By facilitating access over ownership, the Subscription Economy® has the ability to democratize goods and services for all. However, it's not guaranteed that every individual is able to unlock the benefits of the Subscription Economy on their own.
"We have a responsibility to ensure that the Subscription Economy is an inclusive economy; that what we're pioneering enables accessibility and participation for all within their local communities," said Tien Tzuo, CEO and Founder of Zuora. "Building on all that we have previously accomplished, this $1 million Impact Fund seeks to create economic opportunity for individuals and communities that have been historically underrepresented."
Zuora.org's activities from last year are highlighted in the 2020 Impact Report. During the last year, Zuora's monetary donations focused on building more equitable educational structures, providing innovative workforce development solutions, supporting entrepreneurs from underrepresented groups, and addressing the most pressing issues i Zuora's local communities.
Zuora.org 2020 social impact by the numbers:
To lead the future of the Zuora.org program, Zuora hired Rachael Claudio, Director of Social Impact. She said, "I am thrilled to join Zuora on its mission to increase access to the Subscription Economy -- for everyone. That's why we're dedicating our work at Zuora.org to uplift economic and educational opportunities for youth and adults who are disconnected from the benefits of today's digital world. I look forward to working with our current partners and building new programs to help close this gap."
Funds from Zuora's second $1 million stock contribution to Zuora.org are administered through the Tides Foundation. For more information, please visit www.zuora.org.
About Zuora, Inc.
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SOURCE: Zuora Financial
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