2021 Donations Totaled Over $1.82 Million, Including Tornado Relief
BOCA RATON, FLA. (PRWEB) JANUARY 6, 2022
Vertical Bridge REIT, LLC ("Vertical Bridge"), the largest private owner and operator of communications infrastructure in the United States, today announced that it has surpassed $8 million in cash donations and 4,000 hours of volunteer time since initiating its community philanthropy program in 2014. The Vertical Bridge Charitable Network has matched more than $328,000 in employee contributions and donated to 430 organizations since inception.
In 2021, the Vertical Bridge Charitable Network donated more than $1.8 million to 178 organizations, including a $120,000 contribution to Kentucky tornado relief efforts, and team members registered 564 volunteer hours.
"Giving back to the communities where we live and do our work is one of Vertical Bridge's core values, and I'm proud we were able to meaningfully contribute to a long and diversified list of worthy causes in 2021," said Alex Gellman, CEO and Co-Founder of Vertical Bridge. "Our employees have an enduring concern for their neighbors and for our environment, and a commitment to helping the world become a better place. So we are delighted to empower the team to identify the charities they wish to support and drive our philanthropic efforts."
The Vertical Bridge Charitable Network is an employee-led effort in which a committee identifies opportunities for Vertical Bridge to donate time and/or money to meaningful causes. Support ranges from financial sponsorships to providing every Vertical Bridge employee paid time off to volunteer and give back to their communities and causes important to them.
Other notable 2021 donations include $120,000 of scholarships and a $90,000 donation to DigDeep.org, a non-profit that works to bring hot and cold running water into American homes that don't currently have it. In addition, the Vertical Bridge Charitable Network extended its conservation efforts through a continued partnership with the South Florida Audubon Society, and continued its longstanding relationship with Habitat for Humanity in Palm Beach County.
In November 2021, the Vertical Bridge executive team donated over $1.1 million from their personal funds to Warriors4Wirelss and the Tower Family Foundation, organizations that help veterans enter the telecommunications industry and support the families of those injured on the job.
About Vertical Bridge
Vertical Bridge REIT, LLC is the largest private owner and operator of communications infrastructure and locations in the United States, with a portfolio of more than 318,000 sites, including over 9,000 owned and master-leased towers and the nation's largest and tallest collection of broadcast tower sites. The Company's portfolio spreads across all 50 states and Puerto Rico and is comprised of towers, rooftops, billboards, utility attachments, convenience stores and other locations in support of wireless network deployments. In addition to colocation, Vertical Bridge offers build-to-suit, edge data centers and inbuilding wireless network solutions.
Based in Boca Raton, Florida, Vertical Bridge was founded in 2014 and is led by a senior management team with over 300 years of collective experience in tower infrastructure and related sectors. Vertical Bridge became the first tower company in the world to reach net-zero emissions, gaining CarbonNeutral® certification in 2020. The company was recertified in 2021. For more information, please visit https://www.verticalbridge.com/