PHILANTHROPY
Since Socotra Capital was founded in 2007, one of our guiding principles has been recognizing the inherent value of philanthropy, supporting worthy causes that benefit the public as a whole.
Consider Johns Hopkins University, and the 37 Nobel prizes its faculty and students have accrued in the last 140 years for groundbreaking research in medicine. Or the MacArthur Foundation, which has dispensed nearly $7 billion in grants to nonprofit organizations around the world. Or the Metropolitan Museum of Art, one of the largest museums in the world.
All three of these organizations exist solely because of the generosity and civic mindedness of some of this country’s most successful businessmen and women. And thanks to the efforts of these and other organizations, the vulnerable and underserved are afforded access to the services and healthcare they need to grow and prosper, the creativity and intellectual insights of our community is cultivated, and their efforts are preserved for the benefit of future generations.
Philanthropy matters. This is why Socotra Capital is proud to serve and support two of Sacramento’s most historic and celebrated institutions, the Sacramento Children’s Home, and the Sacramento Zoo.
90 years ago, a collection of 40 animals, ranging from exotic monkeys to not-so-exotic raccoons, were broought together to form the William Land Park Zoo. Socotra Capital CEO Adham Sbeih has been working diligently on the Sacramento Zoo's Board of Trustees to provide indispensable fundraising and assistance in preserving the world's most fragile and precious species. One of the first elements of the Master Plan to be undertaken is the groundbreaking of a brand new Biodiversity Center, which will give brand new homes to the animals currently living in the old Reptile House.
Residence of Sacramento, past and present, have long advocated for support services for the region's homeless population. What most dont recognise is how far back such concerns have been raised. In 1867, a group of concerned citizens founded the Sacramento Protestant Orphan Asylum, with the mandate of providing care and shelter for children who have no where else to go. Our history has long been entwined with the Sacramento Children's Home. Socotra Capital's co-founder John-Ingoglia's mother has been a longtime fundraiser for the organization, and his wife has worked at the Home when she was a teenager.
Socotra Capital is a proud sponsor and host of the Commercial Broker Softball league dince the late 2000. Every summer Sacramento’s Commercial Brokerage houses as well a few other contractors, lenders, and property managers get together to play once a week benefitting the Sacramento Children’s Home crisis nursery. The Sacramento Children’s home was a favorite charity of the late John Ingoglia and his family. John could be heard yelling “for the kids”!! anytime someone made a home run or made an effort to support. Each brokerage donates $1,000 and Socotra Capital matches a another $1,000. It is estimated that over $150,000 have been raised over the course of 10 summers. Not even a global pandemic could deter the fundraising efforts. In 2021 Colliers took home the winning Salami.
Ian Chiang working hard to man the grill at the Sacramento Association of Realtors BBQ challenge benefitting the Salvation Army. Socotra Capital is an affiliate member of the Sacramento Real Estate Association and Chris Baumann is an active member and participant in their Salvation Army Cantree committee. The can tree committee raised an excess of $67,000 for the Salvation army through their fundraising efforts in 2021 alone. Socotra Capital is a proud affiliate member of the Sacramento Real Estate Association, excited for continuous growth in the Sacramento community.