University of Miami Receives $12 Million for Eye Research Center

philanthropynewsdigest | March 11, 2018

The University of Miami has announced a $12 million gift from philanthropist Lois Pope to establish a macular degeneration research center at its Institute. The largest single gift in the institute's fifty-six-year history will establish the Lois Pope Center for Retinal & Macular Degeneration Research, a collaborative research hub within the university's Leonard M. Miller School of Medicine. It also will create an endowment for clinical research to ensure that researchers have the resources to pursue new treatments in perpetuity.A longtime supporter of Bascom Palmer and the Miller School, Pope supported the establishment of the Lois Pope LIFE Center at the Miller School, the world's foremost center for research, treatment, and services for paralysis and other neurological diseases. The center is home to the Miami Project/Buoniconti Fund to Cure Paralysis."This gift builds upon Mrs. Pope's long history of generosity to the University of Miami and the Leonard M. Miller School of Medicine," said University of Miami president Julio Frenk. "Her on-going philanthropy is remarkable and will continue to have a significant impact on the development of pioneering treatments and cures. We cannot thank her enough for her vision and dedication.

Spotlight

The Internet era, which began in 1995 with the introduction of Netscape’s Mosaic browser, has been a continuing enabler of innovation. While marketing drove the earliest web activities, e-commerce soon followed with the development of new channels for interacting with business partners and consumers. As business models matured across industries, organizations learned to integrate Internet channels with brick and mortar channels.

Spotlight

The Internet era, which began in 1995 with the introduction of Netscape’s Mosaic browser, has been a continuing enabler of innovation. While marketing drove the earliest web activities, e-commerce soon followed with the development of new channels for interacting with business partners and consumers. As business models matured across industries, organizations learned to integrate Internet channels with brick and mortar channels.

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NONPROFIT TECHNOLOGY

New Research Examines Evolving Social Donor Expectations

OneCause | June 29, 2022

OneCause, a leader in online and event fundraising, released findings from its latest research, The Giving Experience Study. Findings provide insights from social donors who gave to fundraising events and peer-to-peer campaigns over the past year and include what motivates their giving, when and how they will be comfortable returning to in-person events, and what influences repeat donations. The new study compares the latest survey data with findings from 2018 and 2021, examining how donor expectations have changed across generations, demographics, and by type of event involvement. Donor expectations and patterns of generosity have never been static, but the radical and sudden change brought about by the pandemic was unlike anything the world of philanthropy had seen before. After a dramatic shift to virtual events in 2020, donors came to expect on-demand, easy event and giving experiences. To unlock generosity as the nonprofit world moves toward recovery, it's imperative to understand how giving motivators and donor desires have evolved." Steve Johns, chief executive officer for OneCause Key findings include: Social giving continues to grow. As the general population looks for ways to reconnect with friends, family, and colleagues after long periods of pandemic isolation, social giving continues to increase. In the last 12 months, 3 in 10 U.S. adults gave through auction events, peer-to-peer fundraising, or occasion/giving day campaigns. This reflects a five-year trend of steady growth in social giving. Trust emerges as a key motivator; personal connection grows in importance. This year's research revealed new rising motivators influencing the attention and behavior of today's donors. While ease, mission, and impact remain key drivers of social giving, trust, personal connection, and immediacy emerged as key motivators for the first time in 2022. Donors are excited about the return to in-person events but want nonprofits to offer virtual options. A quarter of social donors said they prefer to only engage in person with organizations they donate to or mostly in person with some virtual engagement. But donors want options – 43% of social donors still prefer to engage exclusively or mostly virtually. Choice is powerful; offering multiple options for engagement personalizes the giving experience. Social giving continues to unlock generosity in younger, more diverse donors through expanded access to philanthropy. Social giving and virtual engagement continue to boost access for donors who have been historically underrepresented in or excluded from philanthropy. Gen Z, Millennial, Black, and Hispanic social donors reported giving more money than last year and that they gave to more organizations. Opportunities to steward social donors for retention and recurring giving. A social donor's first gift shows they value a nonprofit's work. Nonprofits have a great opportunity to cultivate lasting relationships and convert more social donors to recurring givers. Feeling like a donation makes a difference continues to be the number one reason to give again across generations. "It's clear from five years of data that the influence of social donors on the world of philanthropy is growing," added Johns. "We're excited to be able to connect nonprofits with self-reported insights into the evolution of how this increasingly diverse group of donors prefers to give to and engage with the organizations they support." About the Survey The online survey of 1,029 social donors was conducted by Edge Research between April 26-May 12, 2022. Social donors are defined as anyone who self-reports giving to at least one charitable organization by attending a fundraising event; participating or sponsoring someone in a fundraising activity like a run, walk or ride; or donating or requesting donations for an occasion, challenge, or giving month or day within in the last 12 months. Data is self-reported, not transactional. Edge Research worked with an established industry sampling partner, consisting of opt-in research participants. This is a non-probability/convenience sample. Quotas were set to ensure incoming data (prior to screening for charitable donations) was census representative in terms of age and gender, region, and race/ethnicity. About OneCause OneCause is driving the future of fundraising with easy-to-use event and online fundraising solutions that help nonprofits improve the giving experience and raise more money. OneCause builds technology that optimizes everyday generosity, making it easier for nonprofit organizations to fundraise and for nonprofit supporters to give. Since 2008, OneCause has helped over 10,000 nonprofits raise more than $4 billion for their missions. Headquartered in Indianapolis, OneCause is committed to driving innovation in the charitable sector, bringing together nonprofit professionals across the world for the annual Raise Conference to exchange ideas that further fundraising.

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FUNDRAISING,NONPROFIT TECHNOLOGY

GiveCampus Raises $50 Million Investment Led by Silversmith Capital Partners

GiveCampus | September 20, 2022

GiveCampus, a leading fundraising platform for nonprofit educational institutions, announced today that it has closed a $50 million minority growth equity investment led by Silversmith Capital Partners, a Boston-based growth equity firm. Several individual investors also participated in the financing including Y Combinator’s Michael Seibel, Stripe’s Claire Hughes Johnson and founding HubSpot team member, Mike Volpe. As part of the investment, Silversmith has committed significant additional capital to provide GiveCampus employees with liquidity through a tender offer. The financing marks the first time the bootstrapped company has raised capital since raising less than $1 million from family, friends, angel investors, and Y Combinator in 2015. The capital will be used to accelerate product development and hiring across the organization. GiveCampus was founded in 2014 by Kestrel Linder and Mike Kong to advance the quality, affordability, and accessibility of education by providing non-profit educational institutions with a modern platform to reach, engage and mobilize their communities. The GiveCampus platform supports educational fundraisers’ most mission-critical priorities, from providing donors with a frictionless online giving experience, to identifying and engaging alumni with significant giving capacity, to scaling the impact of volunteer programs. Since its launch in 2015, the platform has facilitated more than $2 billion in charitable giving to more than 1,000 colleges, universities, and K12 schools. “We founded GiveCampus because we believe it should be easy to make a gift to your school and that fundraisers at schools deserve cutting-edge technology designed specifically for them, As we embark on this next chapter, we will continue to obsess over the needs and priorities of our partner schools while integrating additional capabilities, data, and insights into our platform in order to drive even bigger impact. From the start, we sought to build a sustainable business that prioritizes long-term success and value creation, That’s why we’re thrilled to have Silversmith as our first institutional investor. As we have gotten to know the Silversmith team over several years, it’s become clear they share our belief in capital efficiency and long-term outcomes. Silversmith brings deep experience working with software and payments businesses that will be invaluable as we begin our next phase of growth.” -Kestrel Linder Co-Founder and CEO, GiveCampus. Since GiveCampus launched in 2015, the company has achieved major milestones including: Facilitating more than $2 billion in charitable giving to more than 1,000 colleges, universities, and K12 schools in 48 U.S. states, D.C., and Puerto Rico, as well as internationally Surpassing a revenue run-rate of $20 million Six consecutive years of profitability and positive cash flow Growing the team to 75 employees in 23 states and the District of Columbia. Donating $1 million in free fundraising support for programs that help low-income students, first-generation students, and underrepresented minorities through The GiveCampus Social Mobility Initiative (go.givecampus.com/social-mobility) “Fundraising is a critical component of school budgets. Without effective fundraising, schools face a choice between cutting budgets or increasing tuition and fees, both of which harm students and especially students from less advantaged backgrounds, GiveCampus is a game changer, helping schools of every shape and size advance their missions through significantly improved fundraising outcomes. “It is rare to find software companies that deliver so much real, measurable value to users and society as a whole. We are excited to work with Kestrel, Mike and the entire GiveCampus team as they continue to play a vital role in ensuring that a high-quality education is accessible and affordable for everyone.” -Jim Quagliaroli, Managing Partner Silversmith. The GiveCampus platform provides educational fundraising teams with the solutions they need to fundraise more effectively, including: Social Fundraising: peer-to-peer advocacy and streamlined giving experiences for giving days, crowdfunding, senior gifts, and reunion campaigns Giving Forms: frictionless online giving experiences that make donating easier and more personal, driving increased donor conversion Spotlight: personalized video communications and stewardship Volunteer Management: empowering volunteers to engage and solicit other alumni and parents at scale GC Wealth: identifying high-net-worth donors and surfacing actionable real-time insights for engagement GC Connect: mobile “point-of-sale” for seamlessly accepting in-person donations As part of the investment, Silversmith’s Quagliaroli has joined GiveCampus’s Board of Directors alongside the company’s co-founders. Kirkland & Ellis served as legal counsel to Silversmith Capital Partners and Wilmer Hale served as legal counsel to GiveCampus. About GiveCampus: GiveCampus is the world’s leading fundraising platform for non-profit educational institutions. Trusted by more than 1,000 colleges, universities, and K-12 schools, our mission is to advance the quality, the affordability, and the accessibility of education. We provide software, services, and expertise that help schools raise more money, from more people, at a fraction of the cost of other fundraising methods. For more information, please visit go.givecampus.com. About Silversmith Capital Partners: Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, DistroKid, impact.com, Iodine Software, LifeStance Health, and Webflow.

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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.

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