Intuit Foundation

Intuit Foundation. It is the philanthropic arm of the financial software corporation Intuit Inc., established to extend the company's commitment to powering prosperity globally. The foundation focuses on creating economic opportunity by investing in education, workforce development, and community resilience, primarily in regions where Intuit operates. Its strategy leverages the core competencies of its parent company, aiming to equip individuals and small businesses with the skills and resources needed to thrive in the modern economy.

History and background

The Intuit Foundation was launched in 2008, building upon a long-standing tradition of corporate citizenship at Intuit Inc. under leaders like Scott Cook and Bill Campbell. Its creation formalized and expanded the company's charitable efforts, which had previously included support for local communities near its headquarters in Silicon Valley and other major offices. The foundation's early years coincided with the Great Recession, which sharpened its initial focus on economic recovery and financial literacy. Over time, its strategy evolved from general community grants to more targeted, data-driven initiatives aimed at systemic change in education and economic mobility, reflecting the analytical approach of its parent company.

Mission and focus areas

The foundation's mission is to accelerate economic prosperity in underserved communities around the world. Its work is concentrated in three primary focus areas: powering prosperity through education, developing the workforce for the future, and building resilient communities. The education pillar supports pathways in STEM fields and financial literacy, often partnering with organizations like Code.org and Everfi. Workforce development initiatives aim to prepare individuals for in-demand jobs in technology and entrepreneurship. The community resilience focus involves disaster response and strengthening local nonprofit organizations, with significant partnerships including the American Red Cross and Team Rubicon.

Grantmaking and programs

Grantmaking is strategic and often multi-year, targeting organizations that demonstrate measurable outcomes and alignment with the foundation's focus areas. A flagship program is the **Intuit Prosperity Hub School District Program**, which partners with school districts like Oakland Unified School District to integrate financial literacy and technology skills into curricula. The foundation also runs the **Intuit Scholarship Program**, providing scholarships and mentorship to students from underrepresented backgrounds pursuing degrees at institutions like Howard University and Stanford University. Furthermore, it supports employee engagement through matching gift programs and skills-based volunteering, connecting Intuit employees with grantees such as Junior Achievement and Year Up.

Impact and initiatives

Reported impacts include equipping hundreds of thousands of students with financial and technology skills and supporting thousands of small businesses through nonprofit partners. A significant initiative is the **Intuit for Education** platform, which provides free resources to educators and learners globally. In response to the COVID-19 pandemic, the foundation activated a multi-million dollar relief fund, providing grants to organizations like World Central Kitchen and the Small Business Administration's resource partners. Other notable initiatives include support for climate resilience projects and partnerships with global entities like the United Nations Foundation to advance economic inclusion.

Leadership and governance

The foundation is chaired by Sasan Goodarzi, the CEO of Intuit Inc., and governed by a board of directors comprising senior Intuit executives. Day-to-day operations and philanthropic strategy are managed by a dedicated team within Intuit's Social Responsibility division. This structure ensures tight integration with the company's business objectives and core values. The foundation's advisory committees often include leaders from the nonprofit and academic sectors, such as representatives from the Bill & Melinda Gates Foundation and MIT Solve, to guide its strategic direction and evaluate grant outcomes.

Category:Corporate foundations Category:Organizations based in Mountain View, California Category:Charitable organizations established in 2008