Related-Party Transactions

9 Months Ended

Oct. 31, 2021

Related Party Transactions [Abstract]

Related-Party Transactions

Related-Party Transactions

Salesforce Foundation

In January 1999, the Salesforce Foundation (the “Foundation”) was chartered on an idea of leveraging the Company’s people, technology and resources to help improve communities around the world. The Company calls this integrated philanthropic approach the 1-1-1 model. The Company’s Chair is the chair of the Foundation and holds one of the three Foundation board seats. The Company does not control the Foundation’s activities, and accordingly, the Company does not consolidate the Foundation’s statement of activities within its financial results. Since the Foundation’s inception, the Company

has provided at no charge certain resources to the Foundation including general administrative support and has agreed to use its best efforts to make charitable cash commitments through the third quarter of fiscal 2030. The value of these resources and charitable cash contributions to the Foundation has not been, and is not expected to be material.

Slack Pledge Agreement

As part of Slack's "Slack for Good" initiative, Slack reserved 1.2 million shares of its common stock for potential future sales to fund and support Slack's social impact initiatives (the "Shares"). Concurrent with the closing of the Company’s July 2021 acquisition of Slack, Slack entered into a pledge agreement with the Foundation under which Slack donated the cash value of the Shares to the Foundation, or approximately $54 million.