Ripple Partners with Tipping Point
In a recent Ripple Insights article, Ripple announced a partnership with Tipping Point to fight poverty in the Bay Area.
The article starts with:
“Today, we’re excited to announce a $1 million grant to Tipping Point to fight poverty in the Bay Area and help individuals and families struggling to meet their basic needs.”
Talking about how Ripple is committed to creating a positive change, the article said:
“As a global company, Ripple is committed to creating positive change worldwide. Last year, we launched Ripple for Good to support mission-driven organizations and initiatives with the potential to expand financial inclusion worldwide. Nearly a third of the world’s adult population is unbanked with almost 75 percent living in poverty. Without access to savings and credit, economic mobility is next to impossible—leaving the unbanked and underbanked trapped in a never-ending cycle of poverty.”
Being a San Francisco based company, Ripple has seen the situation of the people living out there up close and has hence felt the need to help change things for them. As per the statistics, one in three people in the Bay Area is much too poor to meet basic needs. To make ends meet, people have to take five minimum wage jobs.
Also Read: Ripple Discusses Remittances
While there has been an addition of 750,000 jobs over the past eight years in the Bay Area, the number of housing units has only risen by 167,000 units.
Talking about the partnership, the company said:
“As part of our partnership, Ripple will work collaboratively with Tipping Point to explore ways to make the Bay Area more financially equitable and inclusive. We’ll put our heads together with experienced leaders from Tipping Point and its amazing grantee organizations to focus on increasing upward economic mobility for Bay Area workers and families.”
Moving on to the stand of Ripple employees over the matter, the article said:
“As a first step, Ripple employees are eager to support Tipping Point and its grantees through their personal giving. Ripple already matches its employees’ donations to any nonprofit on a dollar-for-dollar basis. Now, when San Francisco based Ripple employees give to Tipping Point or any of its local grantees, Ripple will match their donations two-to-one.”
Talking about Tipping Point, the article said:
“Tipping Point is a unique and highly effective nonprofit organization that supports and works with dozens of the most impactful community-based organizations in the Bay Area to help individuals and families struggling to meet their basic needs. Tipping Point works to reduce poverty through programs focused on education, employment, housing and early childhood. Since 2005, Tipping Point has raised more than $150 million to educate, employ, house and support those in need in the Bay Area. Last year alone, Tipping Point helped put 21,000 people on a path out of poverty.”
Talking more about the partnership, the article said:
“Problems involving wealth inequality and affordability are complicated and persistent, particularly in the Bay Area. But Ripple is determined to be part of the solution, not part of the problem. We’re excited about our new partnership with Tipping Point and the opportunity to listen and learn and to work together to make our community more livable, affordable and equitable.”