iWave | September 24, 2021
iWave, the industry's top-rated fundraising intelligence platform, announced today that it has launched an even more granular way to assess a charitable donor's affinity to a nonprofit cause. This will enable nonprofits to identify, cultivate, and steward donors with even more precision so they can secure more fundraising dollars.
Affinity, how passionate a donor is about a cause or nonprofit organization, has long been a focus and differentiator for iWave. iWave users have been able to search across nine affinity categories to identify prospects who have a strong connection to a particular cause. As always, iWave wanted to take this even further to drill down on how passionate a donor is about a particular cause. With today's launch of iWave's more granular affinities, iWave now gives fundraising professionals the ability to evaluate a donor's affinity across 30 affinity categories.
"We know how important it is to measure a donor's affinity to your cause to determine how likely they are to give to a specific nonprofit organization,"
says Mary Cote, VP of Product at iWave.
"iWave is the only platform that provides customized affinity ratings, along with capacity and propensity ratings, to help organizations identify ideal prospects. What we're really excited about is that now you can dig even deeper and get much more specific in terms of the passion and giving interests of potential donors, to maximize gifts."
Key benefits of iWave's new granular affinities:
Improve segmentation with data and analytics that are more granular
Prioritize prospects who are already supporting a specific cause
Develop campaigns with tailored messaging that resonates more with donors
Accelerate the donor cycle by efficiently determining the most suitable donors
iWave, the industry's top-rated fundraising intelligence solution, enables nonprofit organizations to fundraise with confidence. In a new era of nonprofit fundraising, iWave solves critical challenges facing fundraising professionals today: how to identify, qualify, and retain donors to raise more major gifts. iWave's intuitive and easy-to-use solutions give access to the industry's highest quality wealth and philanthropic information so you can determine who to ask, how much to ask for, and when to ask. Many of the largest education, healthcare, and nonprofit organizations in the World, rely on iWave to power their fundraising efforts.
Change.org | September 23, 2021
Change.org, the world's largest platform for social change, announced a transition in ownership of the company to the nonprofit Change.org Foundation. This is made possible by donations of equity from more than 50 leading entrepreneurs and philanthropists who have invested in the company's growth, led by LinkedIn Co-Founder Reid Hoffman and including Bill Gates, Sir Richard Branson, Ray Dalio, and Arianna Huffington.
"Nonprofit ownership will secure the long-term stewardship of Change.org as a digital public utility committed to the public interest," said Change.org founder Ben Rattray, who will transition from CEO to serve as Executive Chair of the Change.org Foundation. "Hundreds of millions of people around the world rely on Change.org for the tools and support to have their voice heard, and this shift in ownership and governance ensures the permanent independence of our platform and our legal commitment to our mission to empower people everywhere to create the change they want to see."
This announcement caps an 18-month process to explore the ownership and governance structure that would best enable the organization to scale its global impact. In an unprecedented action, dozens of the company's investors will donate their equity stakes to the Change.org Foundation, including many leaders in technology and business such as Jerry Yang, Co-Founder of Yahoo!, Evan Williams, Co-Founder of Twitter and Medium, Sam Altman, Co-Founder of OpenAI, Anne Wojcicki, Co-Founder of 23andMe, Xavier Neil, Founder of Iliad, Jeff Weiner, Executive Chairman of LinkedIn, Barry Sternlicht, Chairman of Starwood Capital, Ashton Kutcher, and Blake Mycoskie, Founder of TOMS.
"We are deeply grateful for the support we've received from an extraordinary group of investors," said Rattray. "We could not have built Change.org without their support and advice, and would not be able to make this historic ownership and governance transition without their generosity."
As part of this transition, Change.org's former Chief Product Officer Nick Allardice has been appointed as the new CEO of Change.org. Allardice brings a rare combination of skills to the role as a seasoned technology executive, successful entrepreneur, and lifelong social movement campaigner.
Allardice has held leadership roles at Change.org for 10 years, and prior to his role as Chief Product Officer he spearheaded Change.org's global expansion and its campaigns teams. Before Change.org, Allardice co-founded Live Below the Line, an international digital fundraising platform that raised tens of millions of dollars for fighting poverty, and was part of the team responsible for some of the largest and most successful anti-extreme poverty protests in Australia's history.
"I'm inspired every day by the people that use Change.org to stand up for what they believe in, and the Change.org team that equips them with the tools and support they need to be heard," said Allardice. "I couldn't be more excited for our next phase, as we expand beyond petitions into a true civic infrastructure platform that empowers billions of people to use their voice, their money and their time to build a healthier, more participatory and responsive society."
Since the start of the Covid-19 pandemic, Change.org has become an essential public service enabling people to raise their voice at a time when governments and corporations were failing to meet the needs of the public. Across dozens of countries, more than 250,000 campaigns have been launched related to the pandemic and joined by more than 125 million people -- from national campaigns like the largest universal basic income campaign in US history, which has become central to the ongoing effort to provide regular financial support to struggling Americans, to thousands of local campaigns around the world to address school and essential worker safety, to personal campaigns like the successful efforts to preserve the right of birthing mothers to be accompanied by their partners in the hospital.
Today's transition ensures the essential service that Change.org provides is secured as an independent digital public utility in perpetuity.
Change.org was founded in 2007 and became one of the first tech companies to incorporate as a Public Benefit Corporation. Change.org will continue to operate as a Public Benefit Corporation wholly owned by the nonprofit Change.org Foundation, establishing an innovative, hybrid model that combines the ambition and growth trajectory of a tech company with the public interest stewardship and mission-focus of a nonprofit.
Change.org is the world's home for people-powered change. More than 450 million people across more than 196 countries use our petition and campaign tools to speak up on issues they're passionate about. More than 70,000 petitions are created and supported on our platform every month, with more than 1.5 million new people joining our global network of users every week.
Every day, our users collaborate to organize on local, national and global issues; hold corporations to account; and demand action from decision makers at the highest levels of government and business. Our platform is free to use, open to all, and completely independent because it's funded by the people who use it. This independence also makes Change.org a trusted resource for decision makers, who turn to the platform to hear from and respond to the communities they represent. People on Change.org have powered tens of thousands of campaign victories worldwide, and more are winning every week. As an organization, Change.org is committed to providing the tools, resources and support needed to help democratize activism, so that anyone, anywhere has the power to create the change they want to see in the world.
UCLA Law | September 22, 2021
With the philanthropy world on the precipice of revolutionary change due to the pending baby boomer wealth transfer, UCLA School of Law announced the formation of the Program on Philanthropy and Nonprofits, devoted to cutting-edge research, training and policy in this dynamic and evolving area of the law and society. It will reside within the law school's Lowell Milken Institute for Business Law and Policy (LMI). The new program builds on the vision of LMI founder and UCLA Law alumnus Lowell Milken, who has utilized his own legal background to inform his work as both a businessman and a philanthropist.
"We are immensely grateful to Lowell Milken for his visionary gift," said Jennifer Mnookin, Dean of the UCLA School of Law. "Our outstanding UCLA Law faculty, especially in tax law, nonprofit law and the governance of entities, positions us to be a national resource for scholarship and policy analysis of the nonprofit sector — and we can take a leadership role in the education of legal counsel, nonprofit directors and executives to meet the challenges that will shape nonprofits."
As baby boomers pass on, they are expected to transfer tens of trillions of dollars in wealth to younger generations, well-established nonprofits and/or family foundations. This massive financial shift is set to upend the processes of philanthropy and the governance of nonprofits. The rise of new ways of conducting philanthropy and changes in the role of nonprofits places this issue closer to the heart of the national political, legal and social conversation.
"We're undergoing a generational shift that promises to make some of the most significant changes to the universe of business law and policy in decades," said Milken. "There is a rare and important chance to make an impact on a national scale, and the talent and vision of the people at UCLA Law and LMI make this an exciting and irresistible opportunity."
Among the nation's most eminent businessmen, philanthropists and leaders in education reform, Milken has donated more than $20 million to the law school during the past decade, including the $10 million gift, then the largest in the school's history, that launched LMI in 2011. A new gift of $3.7 million has made the new Program on Philanthropy and Nonprofits possible.
Since its founding in 2011, LMI has been home to UCLA Law's business law and tax law programs, both ranked in the top 10 nationally. The new program will serve UCLA Law students and all stakeholders in the nonprofit sector, convening practitioners, donors, regulators and those who run nonprofits. Initially, the program will focus on three main goals:
Become a research center that develops and shares scholarship and knowledge on issues relating to nonprofits with policymakers, regulators, lawyers and nonprofit senior managers.
Develop and expand education at UCLA Law for students, lawyers, directors and nonprofit senior managers on issues central to nonprofit operations and governance.
Support thought leadership on legal issues material to nonprofits, serving as an important resource for nonprofits and as a venue to bring together practitioners, scholars and regulators.
"Lowell Milken brought this new law and philanthropy program concept to us, showing incredible foresight about generational wealth transfer," said Joel Feuer, executive director of LMI. "Thanks to his investment in this idea, we are now ready to launch a pioneering effort that again has the potential to transform a field of law."
"The nonprofit sector is undergoing an epochal shift, and lawyers will be at the center of this transformation," said Professor Jill Horwitz, a renowned authority in the law of nonprofits and the program's inaugural faculty director. "UCLA Law and the Lowell Milken Institute now have the opportunity to lead the way in this especially relevant area."
ABOUT UCLA SCHOOL OF LAW
Founded in 1949, UCLA School of Law is one of the top-ranked law schools in the country. Its faculty are among the most influential scholars in business law, constitutional law, critical race studies, environmental law, evidence, immigration, public interest law, tax and other fields. UCLA Law's 18,000-plus alumni work in nearly every state and more than 50 countries as leaders in government, industry, social justice and the legal profession. Committed to the University of California's mission of teaching, research and service, the school offers students a strong foundation in the law as well as practical training through a robust experiential education program.
The Henry M. Jackson Foundation for the Advancement of Military Medicine | September 21, 2021
FORTUNE and digital artist pplpleasr have announced the FORTUNE Journalism PleasrFund, a decentralized donor-advised fund run entirely on the Ethereum blockchain, through Endaoment. The PleasrFund is dedicated to advancing independent investigative journalism and programs that foster interest in sound reporting and journalistic integrity.
The fund was initially seeded by a contribution of 209.19 ETH after fees, approximately $660,000 when the contribution was made, representing half of the proceeds from FORTUNE and pplpleasr's series of non-fungible tokens (NFTs). This fund will serve the public interest, further accountability and transparency through journalism, and contribute to critical thinking and well-informed debate.
In an auction ending on August 9, 2021, FORTUNE and pplpleasr sold a limited series of NFTs based on pplpleasr's artwork for FORTUNE's digital "Crypto at a Turning Point'' package and print magazine cover of the August/September 2021, "Crypto vs. Wall Street." A series of 256 minted NFTs of the cover were sold for a fixed price of 1 ETH each, and three special-edition NFTs based on the cover were auctioned off for 23.1, 45, and 105 ETH, respectively.
FORTUNE CEO Alan Murray says, "The FORTUNE Journalism PleasrFund is a natural next step for us as one of the first mainstream outlets to cover decentralized finance and cryptocurrency, and a media company driven by the purpose of making business better for stakeholders. FORTUNE is proud to have had such a successful first foray into the NFT market, and to support good journalism in the public interest. Our partnership with pplpleasr has had a very pleasing result."
The initial beneficiaries of the fund are Report for America/The GroundTruth Project, Inc., Institute for Nonprofit News, Committee to Protect Journalists, Inc., and Reporters Without Borders, all of which were selected by FORTUNE and pplpleasr in cooperation with Endaoment. As the first fully on-chain 501(c)(3) nonprofit organization, Endaoment provides more than 1.5 million organizations with the infrastructure to process over 150 different cryptocurrencies as donations. The scope of Endaoment's reach has helped introduce the nonprofit community to the world of crypto. The FORTUNE Journalism PleasrFund requires that all recipient organizations adhere to Endaoment's funding policy and be U.S.-based 501(c)(3) organizations.
The organizations will receive an initial disbursement of about $165,000 from FORTUNE and pplpleasr, and individuals are invited to contribute to the FORTUNE Journalism PleasrFund either through cryptocurrencies or via PayPal. Access to the donation page for additional contributions, and to the transparent donation tracker, can be found here. All funds will be distributed to recipient organizations in a timely manner, with monthly recurring grants should the fund have a balance in excess of $25,000 after all initial grants are made.
FORTUNE drives the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today-and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders-and gives them the tools to make business better. www.fortune.com.
Endaoment is a California Public Benefit Corporation based in San Francisco, federally tax-exempt under Internal Revenue Code section 501(c)(3), serving as decentralized finance's Community Foundation. It provides Donor-Advised Funds through its web-application, enabling users to donate any major crypto to nearly any U.S. nonprofit. By creating a robust DeFi Community Foundation entity, Endaoment hopes to encourage the charitable giving of cryptocurrencies and the adoption of cryptocurrency technologies by nonprofit organizations. app.endaoment.org.