Ripple has been recognized as the third most generous philanthropist in the San Francisco Bay Area

One of the famous blockchain companies is Ripple which has been recognized by the San Francisco Business Times as the third most generous philanthropist in the San Francisco Bay Area.

Ripple Named Among Top Corporate Philanthropists in Bay Area

Last year, the company’s cash donations to charities in the Bay Area amounted to $54 million. Ripple broke into the top five alongside defense giant Lockheed Martin and technology conglomerate Cisco.

The Sobrato Foundation, a real estate investment firm based in Mountain View, came in first place with more than $92 million in contributions. As U.Today reports, Ripple has partnered with San Francisco-based nonprofit Tipping Pont to improve economic mobility in the region. Back in 2018, it also committed $25 million to financial inclusion initiatives.

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