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Okta Accelerates Philanthropy Commitment Announcing $10 Million in Giving and Launch of Nonprofit Technology Initiative
SAN FRANCISCO--(BUSINESS WIRE)-- Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced a commitment of
About this update from Okta, Inc.
[{"type":"text","content":" SAN FRANCISCO--(BUSINESS WIRE)--\nOkta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced a commitment of $10 million in philanthropic funding over the next three years, the majority of which will support the technology needs of nonprofits. At the core of the commitment is a new Nonprofit Technology Initiative, the goal of which is to enable every nonprofit to leverage technology to power and scale its mission.\n\n\nThe Nonprofit Technology Initiative will focus on three key areas including accelerating nonprofits’ move to the cloud, supporting digital transformation to enable nonprofits to reach their stakeholders digitally at scale, and securing nonprofits and their critical data. Okta will also continue to provide its technology and services to nonprofits to help them achieve their missions, estimating an additional $10 million worth of technology and services donations over the next three years. In addition, as part of the philanthropic funding, which comes out of the Okta for Good Fund, a fund at Tides Foundation, and will be made over a three-year period, Okta is also committed to supporting the needs of critical issues in its global communities, as well as employee giving and education programs.\n\n\n“Nonprofits should be as powerful as their missions. As every company becomes a technology company, we need a paradigm shift in how we support, fund, and enable nonprofits to make that same transition,” said Erin Baudo Felter, Vice President, Social Impact, Okta. “The global crisis we are in showcases how critical it is for global nonprofits to have a strong technology foundation to effectively and securely achieve their missions, adapt to new ways of working, and better reach their stakeholders. This commitment represents a recognition of the urgency of community needs and of the role Okta and our ecosystem can play in supporting nonprofits more directly.”\n\n\nOkta for Good’s New Nonprofit Technology Initiative\n\n\nOkta for Good’s mission is an extension of Okta’s –– to strengthen the connections between people, technology and community –– and it has been working to empower nonprofits with technology and technical talent since its formal launch in 2017. A critical component of Okta for Good’s philanthropic strategy is radical collaboration with technology peers and nonpro...