About the Yelp Foundation
In 2011 Yelp Inc. established the Yelp Foundation with one percent of company equity to support charitable organizations and activities addressing the needs of local communities, including access to information, education, local economic development, and freedom of expression, and to promote a culture of philanthropy among employees of Yelp Inc. The Foundation accomplishes its charitable goals by making grants to deserving nonprofits throughout the U.S. and matching donations made to charities by Yelp employees up to $1,000 per person per year. The Foundation has given more than $3 million to charity since it was founded in 2011.
By funding the Foundation through a gift of Yelp stock, the impact of the Foundation’s endowment continues to multiply. While it started small, the Foundation now has millions of dollars in assets, which allows it to make substantial grants each year that can create significant impact on local issues Yelp communities are addressing throughout the year.