80/20 Foundation more than doubles gift to CAST Tech HS for total of $1.25 million

News Release

80/20 Foundation more than doubles gift to CAST Tech HS for total of $1.25 million
Other recent tech industry gifts signal growing momentum

November 17, 2017 – CAST Tech High School, through the SAISD Foundation, has been awarded a second grant from the 80/20 Foundation in the amount of $650,000. The new funding more than doubles the original $600,000 grant, bringing its total investment to $1.25 million.

“The story of CAST Tech is a story about momentum,” said Lorenzo Gomez III, chairman of the 80/20 Foundation. “Now that the tech community can see this project coming to life, we are excited to meet and mentor these future coworkers and leaders in our tech scene.”

CAST Tech, the career-themed high school in San Antonio Independent School District, continues to receive financial and mentoring support from the local tech industry. A recent CAST Tech High School fundraiser also produced $300,000 in donations and pledges from other local tech leaders, including Scaleworks co-founder Lew Moorman, Rackspace co-founders Pat Condon and Dirk Elmendorf, Javier Uribe from Mobius Partners, and Brett Piatt of Jungle Disk, among others.

“The Tech community has been focused on creating a vibrant tech industry in San Antonio that not only produces new tech jobs, but also develops local human talent to fill those jobs,” said Lew Moorman, Scaleworks co-founder and co-founder and Chairman of Tech Bloc. “CAST Tech is an important part of that narrative.”

In addition to contributing to the fundraiser, local business Jungle Disk has created a marketing promotion to donate up to an additional $250,000 to the school, which has the potential to be a large donation from a smaller company. The cybersecurity company, which provides data security services for small to mid-sized businesses, will donate $250 for each new customer that signs up for services by Jan. 1, 2018.

Recent donations and pledges have brought CAST Tech High School within $2 million of its $15 million capital campaign goal.

Initial supporters of the capital campaign include H-E-B, USAA, the Walton Family Foundation, the Meadows Family Foundation and the Frost Bank Charitable Foundation.