TechSoup Receives $2.5 Million to Scale Global Impact for Nonprofits

TechSoup Receives $2.5 Million to Scale Global Impact for Nonprofits

TechSoup, a nonprofit provider of technology solutions for social sector organizations, has announced a $2.5 million grant from the VMWare Foundation in support of the organization's efforts to expand its offerings.

The grant was awarded through Vanguard Charitable to TechSoup's $11.5 million Growth Capital Campaign, which is supporting new initiatives aimed at helping civil society organizations and NGOs leverage technology to create, connect, activate, and transform their organizations and communities. A keystone of the campaign is the organization's direct public offering, which was announced in November in conjunction with the launch of SVX.US, an investing platform that provides debt and equity investment opportunities in high-impact companies, organizations, and funds that can deliver positive social and environmental impact alongside financial return.

Earlier this year, VMware led a group of Bay Area technology companies, including Okta, Box, Adobe, and Cisco, in providing a $500,000 grant in support of TechSoup's Digital Transformation Initiative. That funding is being used to build TechSoup's digital assessment tool, which helps nonprofits develop their technology road maps. TechSoup Marketplace members also will benefit from with discounted pricing on VMware Workstation Pro and Fusion Pro.

"As organizations around the world migrate IT operations to the cloud, we need to ensure that the nonprofit sector also benefits from this foundational shift in the way we use technology," said TechSoup CEO Rebecca Masisak. "VMware's digital transformation initiative and support of TechSoup will help us build a cloud-first future that enables civil society organizations to do more with the resources available to them, expand the impact they have on their communities, and capture many other benefits of digital strategies for impact."