How Much Do Silicon Valley Professionals Donate Annually?

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How Much Do Silicon Valley Professionals Donate Annually?
<a href="https://pixabay.com/users/JESHOOTS-com/">JESHOOTS-com</a> / Pixabay

Last week we kicked off the holiday season by celebrating Thanksgiving. Silicon Valley professionals are known for having impressive compensation packages and great work perks. Have you ever wondered how these Silicon Valley professionals give back or donate?

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How Much Does The Silicon Valley Donate Per Year?

An Intuit user on Blind, the largest anonymous professional network, ran a poll asking, “How much money do you donate per year?”

The poll had 2,258 responses and robust dialogue, with 361 professionals commenting on how they view charity and where they donate their money.

Silicon Valley Professionals Donate

Silicon Valley Professionals Donate

Key learnings:

  • Overall, 32% of professionals across all industries and companies donate between 1-500 dollars annually.
    • 16% of professionals across all industries and companies donate between 1000-5000 dollars annually.
    • 26% of professionals across all industries and companies do not donate at all
  • Among the FAANG companies, Netflix employees are the most charitable, with 78% of its workforce donating some amount of money
    • Amazon employees are the least charitable, with 65% of their workforce donating some amount of money
  • Overall, tech professionals appear to be more generous than finance professionals
  • 18% of NVIDIA professionals donate over 10,000 dollars to charity annually
  • 38% of Snap professionals donate no dollars to charity annually
    • 33% of Goldman Sachs professionals donate no dollars to charity annually

Silicon Valley Professionals Donate

You can view the raw data here.

Users Share Their Donation Goals

A user at Amazon responded to the poll, sharing, “My goal for 2021 is to give away $100k.”

An engineer at Microsoft shared, “10% of my TC, but only to help animals.”

A user at Apple responded to the poll, sharing, “I pay $1k/month (at least) directly to people in need who my family or I know personally. I also lend money with 0 interest to people in need (so far about $55k)”.

Researchers have found that emotion is an integral part of the decision to donate, and you can see that as some Blind users share where they donate and why. Thanksgiving focuses on one feeling in particular: gratitude and these results are a peak into what silicon valley professionals are thankful for.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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