Nvidia Employees Raise Record $10 Million for War-Affected Communities

Summary

  • Nvidia employees across 30 countries donated $5 million to aid people affected by war. Nvidia matched this amount, taking it to a total of $10 million.
  • The fundraiser was the company’s largest humanitarian effort in its 30-year history.
  • The funds will be dispersed among several NGOs in the region.
  • The multinational company has also provided other forms of aid to families in Israel.

Nvidia’s Global Employee Effort

The multinational technology company Nvidia reported on Sunday that they had rallied an impressive amount of $5 million from contributions of their employees worldwide. These employees hail from more than 30 different nations.

This amount was subsequently matched and doubled by Nvidia, thus aiding those affected by war with a grand total of $10 million. This noble initiative was made possible through a special program launched by Nvidia to extend a helping hand to those in need.

Record-Breaking Humanitarian Drive

This charitable act by Nvidia and its employees is reportedly the single largest humanitarian fundraiser in the 30 years since the company’s establishment.

Company-wide Support for Avinatan Or

Gideon Rosenberg, Nvidia’s deputy general counsel, expressed his heartfelt gratitude for the widespread support for Avinatan Or from the entire Nvidia community globally. Or, who had been a part of the Nvidia team since April 2022, was captured amidst a music festival by Hamas on October 7.

Recipient Organisations

Nvidia employees chose to donate to a selection of humanitarian organisations in the region such as the Asor Fund (JGive), American Friends of Magen David Adom, Doctors Without Borders, Friends of United Hatzalah, IsraAID (US) Global Humanitarian Assistance, Jewish Agency for Israel, World Central Kitchen and Zaka.

Nvidia’s Additional In-kind Contributions

In addition to the massive raised amount, Nvidia has extended their aid to displaced families in Israel by donating hundreds of computers and furnishing thousands of hot meals from their Yokneam office cafeteria.

The company’s sizable contribution towards aiding those affected by conflict could have an impact on trading, particularly affecting the company’s shares in the market. It reflects their strong commitment to humanitarian causes, which may be noted by investors and stakeholders alike.

PIP Penguin
Logo