TSO tops SV Business Journal’s corporate philanthropy list for third year giving $19.4M in cash grants to local organizations in fiscal year 2013
The Sobrato Organization contributed more than $19.4M in cash grants and funding for special initiatives to the Silicon Valley community through the Sobrato Philanthropies, which placed TSO narrowly ahead of Cisco System in SVBJ’s ranking of the Valley’s Top Corporate Philanthropists. Cash commitments to local causes by the region’s top 50 leading givers grew this year by 11%, according to SVBJ researcher Bryce Druzin and associate editor Lynn Peithman Stock. Though this increase does not factor in the value of in-kind donations or the $3.5 billion that companies gave to organizations worldwide, it is one measure of commitment to local needs by companies who have a home base in the region.
Link to full article by Lynn Peithman Stock, Silicon Valley Business Journal