Elemental Unveils Community Investment Fund with $90,000 Awarded in Initial Grant Cycle
Three local non-profit organizations addressing education, the environment and hunger will each receive $10,000 in annual grants for three years
Portland, Ore. – April 27, 2016 – Elemental Technologies, the leader in software-defined video solutions, today announced it has formed the Elemental Community Investment Fund of The Oregon Community Foundation and will award three local non-profits $10,000 apiece on an annual basis for the next three years. During a special community celebration hosted by Elemental this afternoon in the company’s downtown Portland headquarters, representatives of AKA Science Program at Impact NW, Depave and LIFT Urban Portland shared their connection to Elemental and how they will use the funding.
“We are fully aware that long-term investments made by the State of Oregon and City of Portland made Elemental possible. Now we want to make every effort possible to give back with innovative programs that, in turn, offer longer-term support for non-profits,” said Sam Blackman, CEO and co-founder of Elemental. “We are excited to take our level of community investment up a notch with the Elemental Community Investment Fund, and to support a growth path for nonprofits doing vital work. We also hope that this work inspires other startups in the region to take similar steps.”
Elemental formed the Elemental Community Investment Fund (ECIF) to provide a source of more sustainable, longer-term funding than is available through traditional one-time corporate giving. ECIF grants focus on non-profits based in the Portland metropolitan area that address education, hunger and the environment. Structured as a donor-advised fund (DAF), the ECIF is part of the Oregon Community Foundation (OCF), which works with individuals, families, businesses and organizations to create charitable funds to support community causes.
“We are thrilled that Elemental is showing such strong commitment to our community,” said Max Williams, President and CEO of OCF. “This fund will continue to support critical nonprofit work far into the future and is a great reflection of the long-term vision that has helped make Elemental so successful. This is good news for Oregon philanthropy.”
The formation of the ECIF reflects the company’s emphasis on community involvement and innovation. Since Elemental launched its Community Investment program in 2010, the company has invested more than 5,000 hours in the local community, with nearly sixty percent of employees volunteering. Founded by Elemental two years ago, the 4K 4Charity Fun Run Series has raised more than $200,000 for worthy charities like Mercy Corps, CARE, Heifer International and OXFAM.
With the initial ECIF grants announced today, Elemental is issuing $10,000 in funding annually for three years to each of the following Portland metropolitan area-based organizations:
- Education - AKA Science Program at Impact NW. This fun, interactive after school science program for students in kindergarten through 6th grade enables children to participate in hands-on activities and experiments that nurture curiosity and help them explore the world around them. AKA Science supports Impact NW’s efforts to “level the playing field” by making high-quality enrichment opportunities accessible to all students. Learn more at http://impactnw.org/main-navigation/programs/youthfamily/aka-science/.
- Environment – Depave promotes the removal of unnecessary pavement from urban areas to create community green spaces and mitigate storm water runoff. Through community partnerships and volunteer engagement, Depave strives to overcome the social and environmental impacts of pavement with the use of action-oriented educational events, community stewardship and advocacy to reconnect people with nature and inspire others. Learn more at http://depave.org/.
- Hunger – LIFT Urban Portland, which is part of the Oregon Foodbank Network, was founded to reduce hunger and improve the lives of low-income residents of Northwest and downtown Portland. LIFT Urban Portland collects and distributes food, maintains community gardens and sponsors educational programs that encourage healthy life choices. Learn more at http://www.lifturbanportland.org.
Learn more about the Elemental Community Involvement program here: http://www.elementaltechnologies.com/company/culture/community-investment
About the Oregon Community Foundation
The mission of The Oregon Community Foundation is to improve the lives of all Oregonians through the power of philanthropy. We work with individuals, families, businesses and organizations to create charitable funds — more than 2,000 of them — that support the community causes they care about. These funds support the critical work that nonprofits are doing across Oregon. Through these funds, OCF awarded more than $103 million in grants and scholarships in 2015. To learn more, please visit http://www.oregoncf.org/
Elemental Technologies, an Amazon Web Services (AWS) company, empowers media companies to deliver premium video experiences to consumers. Founded in 2006 and headquartered in Portland, Oregon, the company pioneered the use of software-based video processing to distribute and monetize video over the internet. As the leader in software-defined video solutions, Elemental powers video infrastructure for more than 850 top-tier media franchises worldwide and helps pay TV operators, content programmers, broadcasters and enterprise customers bring video content to any screen, anytime – all at once. Elemental solutions are deeply integrated with AWS services, giving video providers the ability to quickly, easily and economically scale workflows on-premises or in the cloud. To learn more, visit www.elementaltechnologies.com and follow @elementaltech on Twitter.