Largest-Ever YEF Grant Cycle Will Support 110 Organizations Around
SUNNYVALE, Calif.--(BUSINESS WIRE)--
The Yahoo Employee Foundation (YEF), an employee-funded, philanthropic
organization, today announced its largest-ever grant cycle of nearly $4
million. Every year, donations from Yahoo employees, plus interest from
investments, are awarded to eligible organizations through YEF grants.
YEF is funding 77% of the grant applications it received in 2016, and
the funds will benefit 110 nonprofit organizations around the world.
Through YEF, Yahoo employees are able to champion important causes and
impact organizations around the world. YEF-funded efforts are focused on
three areas: youth and education, family and community building, and
environment. Since 2000, YEF has awarded over $25 million through more
than 1,200 grants to organizations chosen by Yahoo employees.
"Yahoo employees are making a meaningful, lasting difference in people's
lives through the Yahoo Employee Foundation," says Emmy Negrin, Program
Manager, Yahoo For Good. "We're honored to award nearly $4 million in
grants to organizations around the world, and proud to have engaged
donors and nonprofits throughout the process. From volunteering, to
running fundraising events, to partnering with charitable organizations,
to leading grant cycles, Yahoo employees have generously given their
time, talents, and resources to philanthropy."
Another YEF highlight from this year was the creation of a grant program
that aligns diversity and social impact initiatives, empowering
employees to reach outside of Yahoo and make a difference in their
various communities. Each of Yahoo's eight employee resource groups were
given the opportunity to apply for a grant to support an organization or
cause that directly aligned with the group's passion and focus. YEF
reviewed and approved the qualified grant applications, furthering the
impact our employee resource groups have outside of Yahoo.
YEF is a unique foundation in that it is entirely employee funded and
led by employee volunteers. Since it was created in 1999, with
leadership from Yahoo founders David Filo and Jerry Yang, YEF has
operated as a legally separate entity from Yahoo, Inc., allowing
employees to independently drive the direction of the fund.
About the Yahoo Employee Foundation (YEF)
YEF's purpose is to facilitate charitable endeavors that benefit those
causes deemed most important to Yahoo employees and YEF participants. In
furtherance of this purpose, YEF's primary objectives are to coordinate
voluntary charitable activities, to collect funds, and to grant funds to
qualified charitable organizations. Additionally, YEF represents the
charitable interests of Yahoo donors by serving as their collective
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Heidi Hansen, 818-439-1522
Source: Yahoo, Inc.
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