2021 Annual Report

ANNUAL REPORT 2021

AFFIRM CARES FORWARD Dear A昀케rmers, Throughout 2021, our A昀케rm Cares Employee Foundation has continued to take major strides to drive progress in our social impact work. Within this annual report, we feature some highlights of our community and civic engagement e昀昀orts as well as the nonpro昀椀ts we are honored to support, who have kept charging forward despite facing new challenges. We are proud of the trust we’ve built within our communities and how A昀케mers continue to volunteer their time and resources. And we are proud to support so many meaningful causes and courageous partners to advance our mission to improve people’s lives across our communities. As we look ahead with optimism, we o昀昀er a sincere thank you to our partners, colleagues, and A昀케rmers for your continued support. We look forward to continuing to contribute to a better world for all. Together we can make a di昀昀erence. In Solidarity, Brooks Hos昀椀eld A昀케rm Cares Board President 1

AFFIRM CARES MISSION AFFIRM CARES The A rm Cares Employee Foundation is an A rm The 2021 Social Impact Report celebrates employee volunteer-led 501(c)3 non-proﬁ t established the strides that A rm Cares stakeholders by A rm in late 2019. The Employee Foundation – our A rm Cares Board, the A rm Cares Advisory Council, A rmers, and our grantees aims to make a positive impact in the communities in –are making to advance social impact in our which we work and live by sharing our expertise and three core commitment pillars. funding across three impact pillars: ﬁ nancial literacy AFFIRM CARES BOARD and inclusion, technology training and education, and OF DIRECTORS vibrant communities. Since its inception in late 2019, Brooks Hosﬁ eld , President the A rm Cares Employee Foundation has raised and Jude Komuves, Vice President awarded grants of over half a million dollars to local Siphelele Jiyane, Treasurer community non-proﬁ ts. In 2021, our employee-led Scott Astrada, Secretary foundation distributed over one-hundred thousand Ulrico Izaguirre, At-Large Board Member dollars to nonproﬁ ts focused on housing, racial equity, Katrina Holt, At-Large Board Member Silvija Martincevic, At-Large Board Member the environment, and education. Lia Ballard, At-Large Board Member PILLARS FINANCIAL LITERACY & INCLUSION Provide fair and responsible credit for communities and businesses, credit education support, and nonproﬁ t investments focused on equitable economic growth. TECHNOLOGY EDUCATION & TRAINING Support access to technology for K–12 coding academies and bootcamps, as well as providing workforce development and support for small urban and rural businesses. VIBRANT COMMUNITIES Partner with organizations focused on housing insecurity, homelessness, civic engagement, neighborhood preservation and revitalization, small business development, and community 2 enrichment.

AFFIRM CARES 2021 IN REVIEW As our community grows, so does our organization and impact. Thanks to generous donors, we’re able to celebrate the following highlights from the ﬁ scal year that ended 2021! GRANTS FINANCIAL LITERACY & INCLUSION VIBRANT COMMUNITIES Oasis for Girls Parents for Public Schools of SF Junior Achievement Sierra Community House Council for Economic Education New York Cares The Prosp(a)rity Project Neighborhood Allies TECHNOLOGY EDUCATION & TRAINING Hamilton Famlies Minds Matter The Trevor Project Mission Bit Steel Smiling (via Neighborhood Allies) RRRComputer Eleventh Rescue College Track SF Marin Food Bank Circle of Schools The Forestry and Fire Recruiting Program *Donations typically range from 1k-10k 3

AFFIRM CARES SAMPLE 2021 IMPACTS 4

AFFIRM CARES LOOKING FORWARD We have embarked on a path to become an industry leader of corporate foundations, heavily invested in the community and hugely impactful. But it doesn’t end there. We are a vehicle to empower A rmers to ﬂ ex their philanthropic muscle. Looking to the future, we will continue to explore new technologies and business models, identify ways to be a responsible foundation, and use our resources to build a better planet, stronger communities, and improve people’s lives. A MESSAGE FROM OUR CHAIR Since creating our employee foundation in late 2019, we have granted over half a million dollars to support 35 unique nonproﬁ ts working to provide ﬁ nancial literacy and inclusion, alleviate problems like housing insecurity, homelessness and civic engagement, and promote community enrichment and technology education. The volume of these contributions showcases the generosity and commitment of A rmers to creating a sustainable and lasting impact on the communities we serve. As we continue to scale as a company and design and build honest and transparent ﬁ nancial products with a mindset of People Come First, we aim to keep the same pace of growth as our foundation. Our goal for A rm Cares is to cross the million dollar milestone of total funds raised before the year 2024. We hope that organizations that A rmers are passionate about will be a part of this journey. Reach out to Cares@a rm.com to learn more, or apply for a grant at a rm.com/cares. Alana Mazzei | Aﬃ rm Cares Advisory Committee Chair | 5