Announcing SoFi Gives
Our mission at SoFi is to help people achieve financial independence to realize their ambitions. Succeeding in this mission requires making our footprint bigger than our foot (a core value here at SoFi) – that’s why we’re excited to announce the launch of a new employee benefit, SoFi Gives, which is designed to empower employees at SoFi and Galileo with the time and space to engage with their local communities.
In addition to engaging our employees and aligning with our mission, SoFi Gives will also play a crucial role after we finalize our bank charter. Keep reading to learn more!
We sat down with Angie Smedley, Senior Bank Compliance Officer, CRA Officer, and Carley Henning, Employee Experience Program Manager, to learn more about SoFi Gives.
How and why did SoFi Gives come to fruition?
Angie: Employees have a huge appetite for this benefit. They asked for it, and we are excited to be delivering on this request. With the substantial growth of our employees, products, and ongoing bank charter process, we have also been able to further define how SoFi plans to give back to the communities we live in and serve.
In 2022, SoFi will provide all eligible SoFi and Galileo employees with 16 hours of paid volunteer time off, also known as Give Back Time (GBT), so our employees have the time and space to engage with their local communities.
Why is a program like this so important to SoFi?
Angie: We feel that this is something that SoFi will be known for and something that contributes to our number one company priority for 2022: building a durable culture of diversity and a place people love to work in accordance with our core values.
After we finalize our bank charter, the program will also support us in meeting our Community Reinvestment Act (CRA) goals, which encourages financial institutions to help meet the needs of communities they serve, including within low- and moderate-income neighborhoods.
What do you want this program to be known for?
Angie: As a company, we are truly passionate about our mission to help people achieve financial independence. What is unique about SoFi’s program is that we plan to align both our CRA goals, as well as all of our volunteer opportunities, with this business imperative. We have identified more than 1.4 million causes that will be available to employees in this regard.
What can we expect from the program in 2022 and beyond?
Carley: February is our kick off for volunteering, and we are excited to offer several remote volunteer opportunities for our employees. Our remote opportunities include teaching financial literacy with Junior Achievement, mentoring elementary students with United Way, and supporting small businesses through our partnership with the Wayne Brown Institute.
Moving forward, we’ll be partnering with our office site leads, Circle co-leads (from our Employee Resource Groups), and executive assistants to create tailored volunteer opportunities by location, interest area, and team size. By incorporating giving back into the touchpoints we already have as an organization, we think employees will find it easier to get involved and find a cause that speaks to them.
The individuals featured are SoFi employees. Their personal experiences, obviously, do not take into account your own specific objectives, financial situation, and needs. Results will vary.