All Rights Reserved. Marc Russell Benioff (born September 25, 1964)[2] is an American internet entrepreneur and philanthropist. Mr. Benioff is an archetype of a species that has come to be known as Davos Man people (mostly men) whose wealth and power are so vast that they are able to write the rules for the rest of us. But it was less than a trifle alongside the money that Salesforce withheld from the government through legal tax subterfuge. Mr. Benioffs version of compassionate capitalism airbrushed key stakeholders out of the picture. "When people are looking to figure stuff out, they come to UCSF to do that," Marc Benioff said. Marc Benioff, who runs Salesforce, speaking at the World Economic Forum in Davos, Switzerland, in January 2020. 10 (tied): Marc R. and Lynne Benioff", The Chronicle of Philanthropy: "Young Tech Donors Take Leading Role in Philanthropy 50" By Alex Daniels and Maria Di Mento, The Chronicle of Philanthropy: "Bequests Put Conservative Billionaire Richard Scaife Atop List of America's 50 Biggest Donors" By Maria Di Mento and Drew Lindsay, indiana Business Journal: "Salesforce CEO: We're canceling travel to Indiana" By Jared Council, The Huffington Post: "The CEO Who Took On Indiana's Anti-LGBT Law And Won" By Alexander C. Kaufman, The Huffington Post: "Salesforce CEO Takes Radical Step To Pay Men And Women Equally" By Emily Peck, Fortune: "Salesforce CEO Marc Benioff Battles Georgia Over Gay Rights" By Jonathan Vanian, Atlanta Journal-Constitution: "BREAKING: Nathan Deal vetoes Georgia's 'religious liberty' bill" By Greg Bluestein, "Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless", "Marc Benioff says he had rabbis and imams supporting the Prop C homelessness tax but not tech CEOs", "Salesforce to help workers leave states over abortion laws", "Salesforce offers to relocate employees and their families after Texas abortion law goes into effect", "The Gospel of Wealth According to Marc Benioff", https://en.wikipedia.org/w/index.php?title=Marc_Benioff&oldid=1149920521, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 15 April 2023, at 08:02. While the hospital is technically a not-for-profit institution, 70 percent of its patients are on Medi-Cal. The Stad Center treats children from birth to adulthood with the latest technologies in pain management, such as advanced and safe pain medications, nerve blocks and implantable medication pumps. His endless talk of the ohana did not include labor unions. In 2010, Marc and his wife Lynne announced that they would be donating $110 million to the UCSF Children's Hospital. Philanthropist Marc Benioff is donating $100 million to the hospital, which is joining forces with the UCSF Children's Hospital group. Jill Tucker has covered education in California for 22 years, writing stories that range from issues facing Bay Area school districts to broader national policy debates. These sorts of pay packages typical for executives of technology companies were a key driver for the astronomical housing prices of the Bay Area, a primary cause of the very homelessness that Mr. Benioff was intent on eliminating. [3] At 23, he was named Oracle's Rookie of the Year. With a $3 million gift from Elisa and Marc Stad, UCSF Benioff Childrens Hospitals have launched the Stad Center for Pediatric Pain, Palliative and Integrative Medicine one of the most innovative and comprehensive programs of its kind in the nation. April 30, 2023 7:00 AM EDT. Theyre the ones who stepped forward with their financial resources, their corporate resources, their employees, their factories, and pivoted rapidly not for profit, but to save the world.. I first met Oscar Munoz when he spoke at our TIME100 Summit in 2019 about the turnaround he was leading at United Airlines. With hundreds of doctors from more than 50 medical specialties, our staff delivers expertise that covers virtually all pediatric conditions, including cancer, heart disease, neurological disorders and traumatic injuries, as well as expertise in organ transplants and the care of critically ill newborns. World-class docs We're one of only a few hospitals in the nation equipped to treat rare and serious illnesses in children. By Catherine Bigelow . Marcs father, Russell Benioff, built an apparel chain and was highly successful. "[16] This was a slogan he used frequently to preach about software on the Web, and used as a guerilla marketing tactic against the dominant CD-ROM CRM competitor Siebel at the time. [31], Benioff has co-written four books about business and technology. The money will offer greater freedom for the hospitals' researchers to pursue promising paths toward treatments and understanding of disease or chronic illness in children, officials said. The lovely couple has given birth to two gorgeous daughters together. "[40], In 2016, Fortune magazine named him one of the "World's 50 Greatest Leaders. 2012 $550,000 assistance for homeless family shelters and other support. 2002-08 $13 million in grants to nonprofits from the Salesforce.com Foundation; 90,000 volunteer hours by Salesforce employees. Salesforce CEO Marc Benioff owns about 4% of the cloud computing software firm he cofounded in 1999. But it was also fair to ask a pertinent question: Why was the wealthiest, most powerful country on earth dependent on the charity of a profit-making software company to outfit medical personnel with basic protection in the face of a pandemic? Instead, a series of virtual conversations billed as State of the World sessions are being held. [66] The governor vetoed the bill. He has donated generously to a children's hospital. "It buys so much hope for kids' health, locally and globally," he said. I feel that responsibility.. Benioff is the founder and CEO of San Francisco's Salesforce.com, a Web-based business software company with about $4 billion in annual revenue. [49], In 2017, the Benioffs partnered with the US National Fish and Wildlife Foundation and the National Oceanic and Atmospheric Administration to form the Pacific Islands Research and Conservation Programme. Between March 2020 and the middle of October 2021, Americas billionaires saw their collective wealth soar by 70 percent, exceeding $5 trillion, according to an analysis of Forbes data by Americans for Tax Fairness and the left-leaning Institute for Policy Studies. Marc and Lynne Benioff are among the Bay Area's biggest donors, with their philanthropy primarily focused on children's health and well-being. Discharge. Firefox. Salesforce is worth billions. Guests include Mark Ruffalo and his wife Sunrise and Elizabeth Berkley and her husband Greg Lauren. Donation to Strengthen Children's Health Care Across the San Francisco Bay Area. Save my name, email, and website in this browser for the next time I comment. They stepped up in the pandemic to save the world, says Marc Benioff of Salesforce. [30], As of February 2022, Benioff had an estimated net worth of US$8.31 billion according to Bloomberg Billionaires Index. Shes also modeled, appearing on a TRESemme print ad in 2007. In the pandemic, it was C.E.O.s in many, many cases all over the world who were the heroes, Mr. Benioff said. The trend in care is increasingly headed toward personalized medicine, which means determining which medications or treatments work best on each patient based on their genetics or personal circumstances. In 2015 she was appointed to the Presidio Trust board by President Barack Obama. Of this total giving, they allocated $15 million to UCSF Benioff Children's Hospital Oakland to address the acute shortage of mental health services . Its a tremendous spiritual message for us to remember, he said in April 2020. [3] [8] Career While in high school, Benioff sold his first application, How to Juggle, for $75. They dated for four years before they were married and got engaged in 2005. San Francisco power couple Marc and Lynne Benioff have doubled down on their already sizable support of UCSF Benioff Children's Hospital, writing a second $100 million check to further fund. The experience was nourishing his soul, delivering a poignant reminder that humanity was really one enormous family, united by its common vulnerability to a virus. Learn more, UCSF Benioff Childrens Hospitals Tap Acclaimed Expert to Lead Innovative Center. We thank you for entrusting your most treasured loved ones to our care. I found myself won over by his boyish enthusiasm, and his willingness to talk at length absent public relations minders a rarity for Silicon Valley. now renamed Benioff Children's Hospital. UCSF Benioff Children's Hospitals are consistently ranked among the nation's best children's hospitals by U.S. News & World Report. The CW Announces New Dramas "The Rising" and Barons" The CW, which is redefining itself minus the recent array of superhero-themed dramas, has announced two new scripted drama entries: "The Rising" and "Barons.". The Benioffs have given more than $250 million to the University of California, San Francisco, to build UCSF Benioff Children's Hospitals in San Francisco and Oakland. 2013 $2 million for homeless family efforts. Extraordinary kid care He inherited it from his Davos Man forebears. The Stad Center for Pediatric Pain, Palliative and Integrative Medicine is an intensive, interdisciplinary and rehabilitative inpatient and outpatient pain clinic treating children affected by both acute and chronic pain, including the discomfort from sickle cell disease. Share on Facebook; Share on Twitter; Share on Reddit; Email this article; Print this article By Maria Di Mento. He is the founder, chairman and CEO of Salesforce, an enterprise cloud computing company. Marc Benioff is Chair, Co-CEO, and Co-Founder of Salesforce and a pioneer of cloud computing. Procedure prep. He and his fellow corporate leaders had banded together to secure protective gear like masks and gowns for hospitals. Lynne is married to Marc Benioff. The couple have three children. [3][8], While in high school, Benioff sold his first application, How to Juggle, for $75. [33] In 2019, the Benioffs donated $25 million to UCSF to create the UCSF Benioff Center for Microbiome Medicine; $10 million to Stanford for the Microbiome Therapies Initiative;[47] and $35 million to establish a Prostate Cancer Research Initiative at UCSF. Theyve been married for more than 10 years and have three children. Board certified in both the United States and Germany, he has presented more than 800 lectures about pediatric pain medicine, palliative care and integrative medicine in 30 countries on 6 continents. Our specialists handle conditions ranging from the common to the most rare. He was one of the first people to allow customers to develop their own, custom applications using Salesforce architecture and the Salesforce Cloud. In 2011 she co-foundedStar Community Home, a short-term residential community for homeless families in San Francisco. UCSF Benioff Children's Hospital, Children's Hospital Oakland Receive $100M Gift From Lynne And Marc Benioff. In 2014, UCSF affiliated with Children's Hospital Oakland, bringing together two respected health care organizations with a common mission and more than a century of excellence in pediatric care. 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She has an older sister. This method allow companies to contribute 1 % product value, 1% equity and 1% of employee hours to communities and programs around the world. [43], In addition to founding Salesforce in 1999, Benioff also founded the Salesforce Foundation. Here are ten things about Marc Benioff that you probably didn't know. By joining a clinical trial, families may be able to access experimental therapies that aren't available elsewhere. He was speaking during a panel discussion dedicated to stakeholder capitalism, the idea that businesses were no longer ruled solely by the imperative to enrich shareholders, but were answerable to a broader array of interests employees, the environment, local communities. [18], Benioff also serves on the World Economic Forum's Board of Trustees and USC Board of Trustees. Many are also experiencing trauma, anxiety, social isolation and chronic pain, which requires a holistic approach that can address all of these conditions simultaneously.. Wage earners have endured prolonged torment fear, isolation, shuttered schools and threats to their livelihood. The foundation uses a "1-1-1" approach to corporate philanthropy, where the company gives one percent of employee time as volunteer hours, one percent of its product and one percent of its revenue to charitable causes. Rupert is the second child of his Father, Sir Keith Murdoch, and mother, Dame Elisabeth. They found the expertise in Stefan Friedrichsdorf, MD, an internationally renowned pediatrician specializing in pain management and palliative medicine, and established an endowed professorship for him at UCSF Benioff Childrens Hospitals in San Francisco and Oakland. All Rights Reserved. It was fair to assume that his initiative had saved lives. [3][4], Benioff was raised in a Jewish family[5][6] in the San Francisco Bay Area. The spread of Covid-19 has only amplified Mr. Benioffs bent. Philanthropist Marc Benioff is donating $100 million to the hospital, which is joining forces with the UCSF Children's Hospital group. Prior to launching salesforce.com, Benioff, a 30-year veteran of the software industry, spent 13 years at Oracle Corporation from 1986-1999. Given that many of these critical services are not reimbursed by insurance, this generous philanthropic support will help meet our promise to always aim higher for the patients and families that need us most.. Perhaps one of Marcs biggest contributions is his immediacy and outspokenness on issues like womens rights, equal pay, and most recently LGBTQ rights. (adsbygoogle = window.adsbygoogle || []).push({}); Copyright 2021, Pinoria.com. During treatment, we work to address kids' fears and safeguard their developmental and emotional health. [65], In February 2016, Benioff announced that Salesforce would reduce investments in Georgia and cancel a conference if HB 757, a bill that would allow businesses to decline services to same-sex couples, was passed. Benioff and his wife have donated more than $250 million to children's health care, including the hospital that bears his name, and millions more to address homelessness in San Francisco. Partial to Hawaiian shirts, Mr. Benioff embraces the concept of ohana, a Hawaiian term that loosely translates to family, and that supposedly forms the central organizing principle governing Salesforce a spirit of kinship connecting its tens of thousands of employees. [63] Benioff led an effort of business leaders fighting back against the legislation, leading to a revised version of the bill being signed into law that prohibited businesses from denying services to someone based on sexual orientation or gender identity. 1. At the age of 15, he founded his first company, Liberty Software, which created video games. Use Next and Previous buttons to navigate. Lubin, an oncologist, predicted that with this funding the hospitals will be at the forefront of using precision medicine to significantly improve, for example, the well-being of children with cancer. READ NEXT: Game of Thrones Prequel Trailers on YouTube Are Fake orFan-Made, David Benioffs Wife, Amanda Peet, & Children: 5 Fast Facts You Need to Know, Copyright 2023 Heavy, Inc. All rights reserved. Benioff and his wife Lynne have pledged $350 million to University of California, San Francisco, for its children's hospitals and research. The industry harnessed publicly funded research to develop lifesaving coronavirus vaccines in record time. February 8, 2015. In the decade and a half after Mr. Clintons Treasury bestowed this gift on American corporations, their effective tax bills dropped to 26 percent of their revenues, from 35 percent. For the best experience, tryChrome or Professional Career Marc Benioff started his professional career at an early age. The Benioffs of the North and The Benioffs of the south have been reunited. Salesforce is worth billions. During his tenure, the department grew to one of the largest in the country and received national acclaim. Im trying to influence others to do the right thing, Mr. Benioff said. The Benioffs "have changed our world.". But his philanthropy, his genuine likability and his commitment to improving the state of the world obscured the central reality of his enterprise: He was an enabler, a beneficiary and a custodian of the world as it was. Marc owns over $3 billion in Salesforce shares. This is a carousel. And look against the dysfunction of governments and nongovernmental organizations over the last year. As of August 2019, he owned 4.14% of Salesforce shares, worth $4.33 billion. [14] He joined Oracle Corporation in a customer-service role after graduating. Rupert was born to Sir Keith Arthur Murdoch and Dame Elisabeth Joy Murdoch in Melbourne, Australia. Jeff Bezos has amassed enough wealth from his e-commerce empire to blast himself into space, as the employees left behind on earth spent the first months of the outbreak laboring in Amazon warehouses without adequate protective gear. Mr. Benioff did not invent this tax avoidance contrivance. [8] Benioff received a Bachelor of Science in business administration from the University of Southern California, where he was a member of the Tau Kappa Epsilon fraternity, in 1986. Pharmaceutical companies had developed Covid vaccines in record time. Salesforce employees regularly volunteer at schools, food banks and hospitals. That sounded like a lot of money, ostensible evidence of a socially conscious C.E.O. "A big part of what we can do as philanthropists is inspire them.". Weiss.) Lashawndra Baker kisses her daughter Aiyanna Avery, 2, while nurse practitioner Cindy Nelson Purdy examines Baker's 4-year-old daughter Arianna Avery in the asthma clinic at Children's Hospital in Oakland, Calif. on Friday, April 4, 2014. The new taxes were likely to cost Salesforce $10 million a year. The Salesforce mission and philanthropic model has been eagerly accepted and implemented in over 700 companies worldwide.Marc and Lynne Benioff are active pilanthropists in their personal capacity and have donated generously to the UCSF Benioff Childrens Hospital. We love being together as one ohana is an affirmation he has uttered on conference calls with Wall Street stock analysts. By Kate Vidinsky. The Stads philanthropic support has brought to life Dr. Friedrichsdorfs vision of a comprehensive, multidisciplinary and integrative approach to pediatric pain. There, he got the opportunity to do a summer intern at Apple as a programmer in the Macintosh division under Steve Jobs. [24][25][26], Benioff is a member of Business Roundtable, an advocacy group of CEOs, and the Business Council. But our commitment at UCSF is to do everything possible to prevent and treat pain for every child, every time.. Marc Benioff was born in 1964. Pharmaceutical executives begin their mornings in meditation sessions led by mindfulness guru Jon Kabat-Zinn before retiring to private suites to plot their next merger engineered to lift drug prices. In 2014, their third child a baby boy was born, the Los Angeles Times reported. During corporate retreats in Hawaii, he leads his executive team into the surf as they dig their feet into the sand and join hands for a group blessing ceremony. Marc founded the company in 1999, the company was recognized as the Most Innovative Company by Forbes, a Best Place to Work by Fortune, and the 10th Most Admired Company in the World by Fortune. Marc Benioff, who runs Salesforce, speaking at the World Economic Forum in Davos, Switzerland, in January 2020. . The family lives in San Francisco, California. Then they deployed lobbyists, accountants and lawyers to master legal forms of tax evasion that starved the system of resources. 2009-present $53 million in donations and 560,000 volunteer hours from the Salesforce.com Foundation. From being a child who was in and out of medical centers for asthma treatment to parenting a young family of my own, I understand the inherent fear children have of the hospital experience, Elisa Stad said. More than 10 years ago in September 2006, David Benioff and Amanda Peet were married in New York City. He and Salesforce collectively contributed $7 million toward a successful 2018 campaign for a local ballot measure that levied fresh taxes on San Francisco companies to finance expanded programs. In May 2018, Benioff celebrated construction of the 1,070-foot tall Salesforce Tower in San Francisco. He has . Game of Thrones Prequel Trailers on YouTube Are Fake orFan-Made. At the time of his birth, sibling Frances Pen Friedman was 7 and Molly June Friedman was 4. Mr. Benioff has been known to wander the ohana floor at Salesforces 61-story San Francisco headquarters the tallest building in the city in the company of his golden retriever, who bears the title chief love officer.. Experience matters. From the incorporation of Salesforce in 1999, Mr. Benioff pledged that he would devote 1 percent of its equity and product to philanthropic undertakings, while encouraging employees to dedicate 1 percent of their working time to voluntary efforts. September 2012. When Marc Marons new stand up special 'From Bleak to Dark' debuts on HBO Saturday, youll see the veteran comic turned actor at his best, trudging through where were at as a society amid the fallout from Covid and constant political discourse. At the center of his vision for his company at the core of Davos Man thought in general was the assumption that the most affluent people could be relied upon to do the right thing. The hospital is affiliated with the UCSF School of Medicine. Mr. Benioff, 58, became a philanthropist . [17] Benioff extended Salesforce's offerings in the early 2000s with the idea of a platform that allowed developers to create applications. December 21, 2018. You can expect better outcomes when your child's care team includes highly trained specialists and subspecialists who only treat kids. Looks like youre visiting Benioff Children's Hospitals on Internet Explorer. During a visit to Shanghai Childrens Medical Center (SCMC), one of the top pediatric hospitals in Asia, Elisa Stad was struck by the fluid interplay between Western techniques and Eastern medicine. Salesforce, and Marc has provided grant funding to date of over $115 million, given access to Salesforce technology to over 28,000 charitable and nonprofit organizations and donated over 1.3 million employee volunteer hours.