With Bill Gates out of the picture, Microsoft and its employees didn't skip a beat in 2011 with its philanthropic efforts, raising over $100 million for more than 18,000 U.S.-based community organizations. It's the most Microsoft has ever raised as part of its employee giving campaign, in which worker donations are matched by Microsoft dollar for dollar.
"Last year, Microsoft U.S. employees broke their annual giving record, raising more than $100 million for community organizations," said Brad Smith , executive vice president, Legal and Corporate Affairs, Microsoft Corp. "The money and time donated by our employees is one way we aim to play our part in creating opportunities for people in the U.S. and around the world. This new fundraising record is a great start to the 30th year of our Employee Giving Program."
The giving program dates back to 1983 and has raised more than $946 million since then. At the current pace, they will undoubtedly break the billion dollar mark well before 2012 comes to a close. The way it works is every full-time employee at Microsoft in the U.S. receives a $12,000 corporate matching gift that matches volunteer time at $17 per hour or dollar for dollar charitable contributions to eligible nonprofit organizations, Microsoft said.
In 2011, Microsoft employees spent 426,671 hours doing volunteer work, which is 73,000 more hours than was volunteered in 2010.
Image Credit: Flickr (Robert Scoble)