KKR 40 for 40 – Year One Recap
Our employees around the world are directly involved in their communities, volunteering their time, talent, and expertise to countless nonprofit organizations. From ongoing volunteer commitments to engagements as board members or advisors, KKR employees donate thousands of hours to community projects and organizations across the world each year.
In 2016, we launched KKR 40 for 40, an employee driven volunteer program, to celebrate KKR's 40th anniversary and to give back to the many communities that have given so much to our Firm. The program grants employees 40 hours of paid time to volunteer at community projects and nonprofit organizations that are meaningful to them. Through 40 for 40, employees can structure their time how best suits them and can give hours to any number of nonprofits.
In the last year, during our anniversary celebration, employees took time to give back to others in the same spirit of partnership, teamwork, and excellence that has built our Firm. More than 550 employees have participated in 40 for 40 since its launch, committing over 6,200 hours to more than 120 organizations around the world. Given the success of the program, the firm has decided to extend the 40 for 40 program, giving employees the opportunity to continue to serve their communities in an ongoing and meaningful way.
Our Founders’ Philanthropy
In 2006, Mr. Kravis added to his philanthropic endeavors with the creation of the Kravis Prize. Administered by Claremont McKenna College, the Kravis Prize identifies extraordinary leaders in the nonprofit sector, celebrates their accomplishments, and shares their best practices with others. Since 2006, recipients of the Kravis Prize have impacted over 700 million people in more than 100 countries around the world. The award not only celebrates the recipients who are making a difference in communities around the world, but empowers them with a $250,000 donation to the nonprofit of their choice.
Mr. Roberts focuses much of his philanthropy on creating jobs and development opportunities for people who have the greatest difficulty finding work. As such, he is founder and chairman of the board of directors of REDF, a San Francisco-based venture philanthropy organization that provides equity-like grants and business assistance to a portfolio of nonprofits in California to start and expand social enterprises — nonprofit-operated businesses selling goods and services demanded by the marketplace while intentionally employing young people and adults who would otherwise face bleak employment prospects.