TechSoup announced on Monday that the VMware Foundation gave $2.5 million in grants to the company to support initiatives to significantly expand its offerings and nearly double the number of nonprofit organizations it serves.
"At VMware, we're committed to strengthening the operational capacity of nonprofits, supporting their digital transformation, so they can meet their important missions," said Jessamine Chin, director of the VMware Foundation. "We are thrilled to partner with the experts at TechSoup, an impactful organization that works with more than one million nonprofits globally, and provides solutions for a more equitable planet," she added.
The VMware Foundation grant was made through Vanguard Charitable, a donor advised fund, to fund TechSoup's $11.5 million Growth Capital Campaign. The campaign, launched in November 2018, is financing five new initiatives to help nongovernmental organizations (NGOs) and civil society organizations around the world leverage technology to create, connect, activate and transform their organizations and communities.
The VMware Foundation joins a growing coalition of 155 individuals and organizations, including Microsoft and the Nonprofit Finance Fund, who have come together to invest in TechSoup's future through grants, loans and direct investments. To date, more than $8 million has been committed to funding TechSoup's Growth Capital Campaign.
"With VMware's support, we will reach many more changemakers," said Rebecca Masisak, TechSoup’s CEO. "Whether it's providing food to people who need it, helping young people learn to code, or supporting communities after a disaster, civil society organizations bring people together to make an impact on the issues they care about most," she added.