Xirgo Technologies Creates an Endowment With Heifer Foundation To Provide Long-Term Support For Ending Hunger And Poverty
When Xirgo Technologies was looking at different ways to give back, it was the sustainable approach Heifer International employed in its mission of ending hunger and poverty that most closely fit the company's commitment and values. Xirgo was then guided to Heifer Foundation, a global partner of Heifer International that provides long-term support through overseeing and growing the endowment that support Heifer International.
Kris Kelkar, CEO of Xirgo, decided Heifer Foundation's online endowment giving was an ideal method of contributing to the sustainable projects of Heifer International. "It fit in perfectly," Kelkar said. "Not only are we giving to a cause that's sustainable, but also the endowment method of giving itself is sustainable."
Xirgo Technologies, LLC, located in Camarillo, California, is a leading provider of machine-to-machine communication solutions. "Xirgo designs and builds electronics products that are essentially cell phones that allow machines to talk to each other directly without human intervention. Applications for our products include fleet management, automotive insurance and vehicle financing," Kelkar said.
The Xirgo owners established the Xirgo Technologies Endowment through Heifer Foundation in 2008 as a way to give back to society in appreciation for their success. Charitable gifts made to the Xirgo endowment are invested long-term to provide continued support for those in need.
Every year, income from the endowment is made available to where the funds are most needed or to the specific hunger and poverty areas, such as countries and initiatives, the donor has selected.
Kelkar said it was about a year ago when the six Xirgo partners decided to find a way to give back that reflected the values of Xirgo's owners. The partners all agreed to support Heifer because of the truly unique way in which the organization empowers needy families throughout the world to transform their lives using livestock, agricultural training and educational opportunities.
The company believes that having the endowment through Heifer Foundation provides a forum for all Xirgo Technologies' stakeholders to share in creating a perpetual positive footprint on this world.