NONPROFIT MANAGEMENT

KKR Supports 87 Small Businesses and Nonprofits

KKR Grants | February 02, 2021

KKR today announced the beneficiaries of the second round of KKR Relief Effort grants granted through the KKR Small Business Builders (SBB) and KKR Grants programs. The $50 million KKR Relief Effort was made by KKR and its representatives a year ago to help those affected by the COVID-19 pandemic and its subsequent financial disengagement. In the most recent round of grants, 52 small businesses and 35 nonprofits were chosen to get monetary help and involved help from KKR, the association's representatives, and its accomplice associations.

“We created the KKR Relief Effort to help the people and businesses that make up our communities and are faced with significant challenges as a result of the pandemic. Nearly a year later, the need for this support is at an all-time high and we continue to stay focused on caring for small businesses and working with nonprofits that are having an outsized impact,” said Joe Bae and Scott Nuttall, Co-Presidents and Co-Chief Operating Officers of KKR.

In the second round of the SBB program, KKR granted $10,000 each to 52 small entrepreneurs across the U.S., Europe, and Asia Pacific, with 25 states across the U.S. addressed. 85% of these businesses are possessed by ladies, 60% are claimed by Black, Latinx, Asian, or Multiracial people, and 31% are possessed by veterans or military mates. The top ventures upheld in the most recent round are Health and Wellness, Social Enterprise/Education, Food and Beverage Services, and Consumer Goods/Retail. The grants will uphold these small businesses to assist them with keeping up everyday tasks and occupations, while likewise supporting their future development. Until this point, the SBB program has granted grants to 107 small businesses around the globe.

Through the KKR Grants activity, which is centered around distinguishing and supporting nonprofits whose work underpins needs identified with Opportunities, Communities, and Heroes, KKR granted more than $7.5 million to 35 philanthropic associations that are assuming basic parts in tending to the difficulties coming about because of the COVID-19 pandemic. Award beneficiaries remembered both global nonprofits and privately engaged associations for the U.S., U.K., France, and Germany. Until this point, the KKR Relief Effort has apportioned around $10 million to 60 nonprofits through the KKR Grants program.

“Our grant programs are identifying immensely talented leaders, diverse entrepreneurs, and compelling nonprofits – many of whom have been traditionally underfunded or underrepresented,” said Ali Hartman, KKR’s Head of Global Citizenship. “Together, with their knowledge and our investment, we hope to provide innovative, impactful solutions to the shared challenges our communities are facing in these unprecedented times.”

KKR's Relief Effort is helping address difficulties confronting our shared networks through four key columns: supporting portfolio organization workers; connecting with our representatives as pioneers and change-producers; helping small businesses; and giving key grants and associations.

About KKR Grants

KKR Grants is a global effort focused on identifying and supporting the most innovative and effective nonprofits whose missions are aligned with priority areas, including delivering immediate aid to vulnerable populations impacted by the pandemic, providing innovative pathways of workforce recovery and development, and supporting our heroes including teachers, first responders, essential workers and front-line medical professionals. KKR is supporting these organizations with financial grants and strategic support.

Spotlight

Overall charitable giving grew 4.9 % of all charitable giving in 2015, lorem ipsum dolor sit amet, consectetur adipiscing elit. how do non-profits compare? $13  amount raised per usable email address  2.04%  lorem ipsum dolor sit amet, consecteturadipiseingelit. 5 3.8 9% lorem ipsum dolor sit amet, consectetur adipiscing elit. did you know? donations are up! online donations grew in 2015.

Spotlight

Overall charitable giving grew 4.9 % of all charitable giving in 2015, lorem ipsum dolor sit amet, consectetur adipiscing elit. how do non-profits compare? $13  amount raised per usable email address  2.04%  lorem ipsum dolor sit amet, consecteturadipiseingelit. 5 3.8 9% lorem ipsum dolor sit amet, consectetur adipiscing elit. did you know? donations are up! online donations grew in 2015.

Related News

NONPROFIT MANAGEMENT

The Spirit Charitable Foundation Commits $1 Million to 44 Non-Profit Organizations in 2022

Spirit Airlines, Inc. | June 14, 2022

The Spirit Charitable Foundation announces it has pledged $1 million to a total of 44 non-profit organizations throughout the U.S., Latin America and the Caribbean for 2022. The donations fuel the Foundation's commitment to supporting its three key pillars: children and families, service members, and the environment. The Spirit Charitable Foundation believes change starts by giving back. We are committed to inspiring positive change in the communities where we live and work, and it's so moving to be able to make a meaningful impact on so many great organizations across our network." Lania Rittenhouse, President of the Spirit Charitable Foundation and Vice President of Guest Experience & Brand for Spirit Airlines Donations are made through Team Member volunteerism, monetary and in-kind donations. One hundred percent of event proceeds go directly to charity and non-profit organizations. The Foundation sends a heartfelt thanks to NexGen Aero, Airbus, Pratt & Whitney and all other sponsors of this year's The Spirit Open golf event in March 2022 who helped make these commitments a reality. Click here for more information about the Spirit Charitable Foundation. About Spirit Airlines Spirit Airlines is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments — something we call Á La Smarte®. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities.

Read More

NONPROFIT MANAGEMENT

HackerRank Announces Launch of Global Partner Network to Drive Innovation with Partners and Create Positive Impact for Customers

HackerRank | July 05, 2022

HackerRank, the developer skills company, today announced the formation of a global partner network, bringing together leading technology, services, and nonprofit organizations to best support its customers across all stages of the technical hiring journey. The HackerRank Partner Network is designed to drive innovation through strong collaboration with leading organizations and expand the capabilities of the tools hiring teams use regularly. The partner network will create a positive impact on the lives of candidates and hiring teams as they recruit, hire and develop today's top technical talent by providing a level playing field for candidates in which their skills and competencies will be accurately incorporated into hiring decisions. Further, this approach supports efforts of organizations that are looking to implement more fair hiring processes, directly supporting programs aimed at increasing diversity and inclusion. "The adoption of HackerRank is about organizations committing to business transformation that prioritizes skills over pedigree, Our customers know that accurately measuring skills data is no longer optional; it is core to a future of work where jobs are constantly reinvented through the consistent use of skills data. The HackerRank Partner Network is an important milestone on our journey to help organizations be more productive by helping them hire, upskill and mobilize developers based on skills." -Vivek Ravisankar, HackerRank CEO and co-founder. More than 3,000 customers across all industries, including more than 25% of the Fortune 100, and a community of 18 million developers rely on HackerRank to raise their hiring bars and test their skills. The HackerRank Partner Network brings three types of formal partners into the fold: Technology Partners provide companies with the most streamlined and seamless experience for recruiters and hiring managers, while creating best-in-class candidate experiences that reduce overall time to hire. Services Partners supply customers with cross-platform, data-driven insights and support to develop HR transformation strategies and deliver results across a number of key initiatives. Nonprofit Partners support organizations that strive to make a positive impact in the market around the development and hiring of a more diverse pool of developers and other tech talent. Finding, hiring and retaining highly skilled talent is a top priority for organizations right now, said Steve Lucas, CEO, iCIMS. Companies need advanced and integrated technology to deliver seamless talent experiences, manage their teams and continue to build winning workforces. We are thrilled to be an active member of the HackerRank Partner Network and look forward to creating positive impact together. About HackerRank- HackerRank, the developer skills company, helps businesses attract, evaluate and hire the best technical talent from around the world. More than 3,000 customers across all industries, including over 25% of the Fortune 100, rely on HackerRank to raise their hiring bars. More than 18 million developers (approximately 40% of the global developer population) trust HackerRank to learn and showcase their coding skills.

Read More

NONPROFIT TECHNOLOGY

Exelon Foundation and Exelon Corporation Select Nine Startups in Third Round of Climate Change Investment Initiative

Exelon | July 19, 2022

The Exelon Foundation and Exelon Corporation (Nasdaq: EXC), a Fortune 200 company and the nation’s premier energy transmission and distribution utility company, have selected nine startups to receive funding as part of its Climate Change Investment Initiative (2c2i), a 10-year, $20 million initiative that focuses on start-ups with bright ideas and clean energy and environmentally sustainable technologies with potential for wide-scale impact. “At this critical point in the fight against climate change, we are focused on finding innovative solutions to mitigate the increasingly devastating effects, Through our direct and indirect 2c2i investments, we are investing in the latest sustainable technologies to reduce those impacts in the communities we serve, particularly in under-resourced areas, which are disproportionately affected by climate change.” -Chris Crane, president and CEO of Exelon. This year’s selected startups include: Carbon Reform- Based in Wilmington, Del., Carbon Reform is a mission-driven company focused on removing CO2 and pollution from indoor air. The company has developed the Carbon Capsule, a modular carbon dioxide capture device that helps eco- and health-conscious building owners reduce CO2 and contaminant levels internally, improving residents’ health, while saving energy on heating and cooling. ChargerHelp- ChargerHelp! is a Los Angeles-based company solving the industry-wide problem of out-of-service electric vehicle charging stations. Their data-driven platform and app-based dispatch system provide on-demand charger repairs and maintenance from trained local workforces, dramatically improving charging efficiency, turnaround time and network availability, while reducing costs across the networks. Cleartrace- Based in Austin, Texas, Cleartrace’s energy data and carbon accounting platform delivers 100 percent traceable and verifiable energy and carbon records, empowering organizations to understand and intelligently decarbonize their operations. Just Vertical- Just Vertical develops highly efficient and beautiful indoor gardens that enable anyone to grow their own fresh, healthy food at home, without the environmental damage of traditional farming. The Toronto-based company is on a mission to empower everyone to be part of the food resilience solution by developing indoor garden systems for every family and lifestyle. Kadeya- Based in Chicago, Kadeya’s network of smart bottling stations and reusable, digitally identifiable bottles eliminate the need for single-use cold beverage containers forever, for everyone. Their 7.5 sq-ft stations act as miniature bottling facilities, decentralizing production to the point of purchase to eliminate 90-95 percent of the GHG footprint of single-use bottles, without giving up quality, convenience or affordability. Pearl Certification- Pearl Certification is a clean technology certification solution for homeowners and contractors that promotes a greener future and makes high-performance home value visible to benefit homeowners and the professionals who serve them. The Virginia-based company is dedicated to transforming the national housing market for good by building a market that rewards energy efficiency. Hidden Gems- Headquartered in Philadelphia, HiddenGems creates a more sustainable food system by making nutritious products from food waste. Their first product is Reveal - the world's first avocado seed brew. It's a great-tasting, gut healthy, low-calorie drink made from upcycled avocado seeds that contains probiotics, three times the antioxidants of green tea and is 100 percent sustainable. Showerstream- Showerstream solves behavioral water waste in hotel showers, which are frequently left running unoccupied, causing billions of gallons of water and kWh of energy to be wasted each year. Based in Austin, Texas, Showerstream has developed a universally compatible smart shower system with advanced sensors that effectively monitors and reduces water and energy consumption. Traxen- Traxen is a Michigan-based high technology developer dedicated to leading the heavy-duty trucking industry into the future with data-driven solutions that promote safe driving and efficient fuel use. Traxen’s cloud-connected, intelligent cruise control system helps trucking fleets to reduce fuel consumption by 10 percent while also improving safety and driver satisfaction. About 2c2i- Launched in 2019, 2c2i (Climate Change Investment Initiative) combines the social and environmental impact objectives of the Exelon Foundation with the investment objectives and approach of venture capital. Exelon invests in startups developing new technologies aimed at reducing GHG emissions and mitigating climate change within in Exelon’s service areas, particularly in underserved communities. In addition to the Exelon Foundation’s $10 million financial investment in the startups, Exelon Corporation matches that investment with an investment of up to a $10 million of in-kind support, including mentoring entrepreneurs on ways to access other sources of capital, structure business plans, allocate financial resources and meet regulatory requirements. About Exelon- Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. About the Exelon Foundation- The Exelon Foundation is an independent, nonprofit organization funded solely by Exelon Corporation through shareholder dollars. The mission of the Foundation is to encourage respect for the environment, support innovative STEM education programs and strengthen the social and economic fabric of the community by providing a match to Exelon employee contributions.

Read More