Airbnb's nonprofit, founded in 2020 to offer free temporary housing to families affected by crises or disasters, hosted its inaugural gala in Los Angeles. The event served as the platform to announce a new funding initiative for the organization.
Starting October 28, Airbnb will donate 10 cents from its commercial revenue for every stay booked. This program is projected to generate $500 million for the nonprofit over the next five years.
The funds generated through this initiative are intended to provide 1 million nights of free housing annually. This expansion will allow the nonprofit to extend its support beyond disaster relief to include families facing displacement due to domestic violence, veterans in need, and individuals traveling for medical reasons.
The gala was an invite-only event, hosted by Jimmy Kimmel with a performance by Charli XCX and food by Chef José Andrés. Notable attendees included Serena Williams, Demi Lovato, Charlize Theron, and Cynthia Erivo.
According to an Airbnb spokesperson, the evening was for supporters and marked a new chapter for the nonprofit's work. While donations were an option, fundraising was not the primary focus, and no fundraising target was set. The gala is planned to be an annual event.
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Airbnb's nonprofit, established in 2020 to provide free temporary housing, held its first gala in Los Angeles. The event marked the launch of an initiative where Airbnb will donate 10 cents from each commercial booking to the nonprofit, aiming to generate $500 million over five years for 1 million nights of free housing annually. This expansion will also allow the nonprofit to support families affected by domestic violence, veterans, and those with medical travel needs.