Billionaire Benioff Donates $100 Million

Silicon Valley tech billionaire Marc Benioff and his wife Lynne have donated $100 million to the building of a Bay Area children's hospital.

The University of California at San Francisco hospital complex, set to open in 2014, is said to be the focus of the Benioffs' philanthropy through the year 2020.

The 15-acre hospital complex will include a cancer center, women's hospital and children's hospital, and it will be called the UCSF Benioff Children's Hospital.

Formerly with Oracle and Apple, San Francisco native Marc Benioff is Chairman & CEO of Salesforce.com, a Cloud Computing company he started in 1999 in a rented Bay Area apartment.

The billionaire author of the books Compassionate Capitalism, The Business of Changing the World, and Behind the Cloud plans to give away most of his self-made fortune while he is living.

The University of Southern California business graduate has been recognized for building partnerships between business and society.  The Committee Encouraging Corporate Philanthropy presented Benioff with the Excellence in Corporate Philanthropy Award.

Marc Benioff was appointed by President George W. Bush as the co-chairman of the President’s Information Technology Advisory Committee, and supervised the publishing of critical reports on health care information technology, cybersecurity, and computational sciences.

The Salesforce.com Foundation contributes 1-percent of company profits, 1-percent of equity, and 1-percent of employee hours back to the communities Salesforce serves.