Author: Okta
Okta is a U.S.-based identity and access management company with a vision of accelerating a world where everyone can safely use any technology. Their cloud software solutions allow their customers to enable secure access and seamless experiences for their customers, employees, and partners.
In 2016, the organization joined Pledge 1% and founded their social impact and sustainability initiative, Okta for Good, to solidify their commitment to giving back to global communities. Okta initially pledged to give away 1% of employee time and product, but they decided to add 1% of equity prior to their IPO in April 2017. This was an important step and reminder to investors that Okta for Good was a part of what they were investing in. Strategic grantmaking is then done via the Okta for Good Fund, a donor-advised fund through the Tides Foundation, which enables strategic grantmaking. The Fund distributed $5.48 million in grants in fiscal year 2024, mostly focused on digital equity and tech for good.
The best news? They are just getting started.
Learn how Okta’s equity commitment has set them up for future success in their case study below.
