Discover how corporate leaders are making a tremendous impact by engaging in charity auctions. Learn about the Power of One Charity Lunch Auction and its success in raising millions of dollars for GLIDE, a non-profit fighting poverty and social injustice. Find out how eBay's involvement has helped expand the auction's global reach, benefiting millions of people worldwide. Be inspired by the commitment of leaders like Warren Buffett and Marc Benioff to foster social change through their resources and time.
Corporate Philanthropy: Making a Difference through Charity Auctions
( Credit to: Forbes )
Corporate philanthropy comes in many forms, and one innovative way for companies to engage in charity is through auctions. One example of this is St. Jude's online charity auctions organized on Charitybuzz's platform. Starting a charity auction is as simple as making a sincere commitment, and there are plenty of tools and guides available to help get it right.
( Credit to: Forbes )
GLIDE's Power of One Charity Lunch Auction is another great example of how corporate leaders can make a tremendous impact for a good cause by volunteering their lunch breaks. This annual event, initiated by Warren Buffett over two decades ago, has become a landmark in corporate philanthropy. It combines celebrity allure with serious fundraising chops and serves as a model for other leaders looking to give back to their communities.
The Impact of the Power of One Charity Lunch Auction
GLIDE, a San Francisco non-profit that has been fighting poverty, homelessness, and social injustice since 1929, has raised over $50 million through the Power of One Charity Lunch Auction. In a recent discussion with Dr. Gina Fromer, CEO of GLIDE, she emphasized how Buffett and Marc Benioff, CEO of Salesforce, have gone beyond monetary contributions. Their involvement with GLIDE is about service, and they have set a model for others to follow.
The last auction with Buffett raised an impressive $19 million, allowing GLIDE to expand its much-needed services in the community. Dr. Fromer explained that their focus is on delivering a tangible return on each dollar invested, and when they deliver impact, the whole of San Francisco will see it.
In 2024, Marc Benioff will take over from Buffett as the leader of the Power of One auction. This transition not only continues a well-established tradition but also presents an opportunity to amplify the auction's impact and take it to new heights. With eBay as the auction platform, the event will maintain its global reach, encouraging participation from a wide audience eager to make a difference.
eBay's Role in Expanding the Power of One Auction
eBay CEO Jamie Iannone expressed his excitement about Benioff's involvement, noting his commitment to philanthropy. The combination of global auctions with local non-profits has proven to be highly effective in raising millions of dollars. eBay for Charity, which was launched in 2003 and first partnered with GLIDE and Buffett on the Power of One Charity Lunch Auction, has raised over $1.3 billion for non-profits globally. Iannone expressed gratitude to every buyer and seller who has contributed to this program and believes that eBay for Charity will continue to benefit millions of people worldwide for years to come.
The Power of One Charity Lunch Auction: A Model for Corporate Philanthropy
This year's auction is more than just a meal ticket. It is a shared statement by Benioff, eBay, and the bidders of an ongoing commitment to the values that GLIDE stands for - equity, transformation, and community support. As corporate leaders like Benioff and Iannone champion these causes by donating their own resources and time, they set a precedent for how businesses can play a crucial role in fostering social change. The Power of One Charity Lunch Auction serves as a powerful model for others to replicate.