FUNDRAISING,NONPROFIT MANAGEMENT,NONPROFIT TECHNOLOGY
B Generous | August 26, 2022
B Generous, a first of its kind FinTech for good platform, announces the official launch of Donate Now, Pay Later™ (DNPL), a revolutionary new tool allowing donors to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan™ (PoDL). Using Donate Now, Pay Later™, the nonprofit receives the donation immediately, and the donor gets the tax receipt right away, but the donor pays nothing out of pocket at the point of donation and instead pays over time, with no interest, costs or fees.
Founded by three-time, venture-backed entrepreneur and philanthropist, Dominic Kalms, with the simple mission to get more donations to more nonprofits faster, B Generous partnered up with Drake Bank, a mission aligned community bank in St. Paul, Minnesota, to power the world's first Point of Donation Loan (PoDL) program.
"B Generous' biggest goal is to help nonprofits scale their mission. By using DNPL, nonprofits enjoy larger average donations, higher donor conversion and retention, and more money, faster, and best of all, we put an end to monthly donor cancellations and pledge defaults, Last year, Americans donated $484 billion to nonprofits. Yet, about half of all U.S. nonprofits today have less than one month of cash reserves on hand. To put it simply, Americans are incredibly generous, but many nonprofits are still struggling. B Generous fundamentally solves the liquidity problem for nonprofits, without putting pressure on donors' finances, allowing people to give what they want, not merely what they feel constrained to give."
-Dominic, Founder and CEO of B Generous.
The almost half-a-trillion-dollar philanthropic market is the largest underserved sector of finance today, with no current lending or credit solutions available. B Generous, which is leading the Philanthropy Technology (PhilTech) movement, is leveraging the proven concept of Buy Now, Pay Later (BNPL) in order to allow donors to make larger financial contributions without stressing their bank accounts. Based on proprietary market data, Point of Donation Loans will increase average donation values by 60%+.
Nonprofits can roll out B Generous' DNPL product using a seamless integration process, without any in-house technology team required. The DNPL button can be added to their website, email and social media campaigns, crowdfunding campaigns, and wherever the nonprofit fundraises. The nonprofit can then instantly begin receiving higher donations to achieve their mission. What's more, for their donors, it appears like familiar existing monthly giving options, making adoption effortless and frictionless.
"Making the decision to partner with B Generous was not only strategic, but natural. The insights into nonprofits that B Generous can offer pairs well with the financial experience and processes we can bring to the table, The potential impact of point of donation loans on donation landscape is monumental. We are proud to be aligned with such an innovative organization and look forward to driving the future of modern donations."
-Nichol Dehmer, Chairwoman of Drake Bank.
Donors can finance donations for as little as $75 and up to $50,000 in aggregate, while paying no interest, transaction or late fees, and receiving their tax receipt immediately.
Prior to founding B Generous, Dominic was the CEO of GVNG.com., which Forbes described as "One of the most revolutionary platforms in the social impact space" and "the 'Shopify' For Non-Profits." GVNG.com empowers anyone to set up a nonprofit project in five minutes or less.
The larger B Generous executive team includes nonprofit executives, philanthropists, fundraisers and technologists with Board members and Investors from PayPal, FICO, Affirm, Goldman Sachs, J.P. Morgan, WebBank, Blackbaud, United Way Worldwide, Give.org, UNICEF, ASPCA, Boy Scouts, Girl Scouts, Susan G. Komen, and many more. B Generous is backed by some of the most notable VC and Angel investors in the FinTech world and has raised almost $10M to date in venture funding.
I am extremely excited at what B Generous is doing, said Jay Odell, Former President of Blackbaud, the world's leading software company powering social good. Donate Now, Pay Later is both revolutionary but also consistent with how people donate online today.
About B Generous:
B Generous uses financial technology for good to allow donors to Donate Now, Pay Later™, giving people the financial freedom to donate to nonprofits. Donors are able to finance donations to their favorite nonprofits, interest free, and while the organization receives the donation immediately, the donors pay over 3, 6, or 9 months. Point of Donation Loans are the first ever Philanthropic Credit Product, increasing average donation values for nonprofits significantly. B Generous is led by a team of nonprofit executives, philanthropists, fundraisers, and technologists, with Board members and Investors from PayPal, FICO, Affirm, Goldman Sachs, J.P. Morgan, WebBank, Blackbaud, United Way Worldwide, Give.org, UNICEF, ASPCA, Boy Scouts, Girl Scouts, Susan G. Komen, and many more. B Generous is backed by some of the most notable VC and Angel investors in the FinTech world and has raised almost $10M to date in venture funding. B Generous is also a member of Blackbaud Social Good Startup Program for the 2022 cohort.
Feeding America | September 19, 2022
Publix Super Markets Charities (PSMC) announced today it will donate $5.65 million to 328 Feeding America® member food banks and other nonprofit organizations working to alleviate hunger throughout the Southeast.
To further support hunger alleviation efforts, nearly 6,300 Publix associates are volunteering with 205 nonprofits throughout the company’s operating area, each with a mission to help people experiencing food insecurity, during Publix Serves Week.
“For many of our neighbors, a daily meal isn’t a choice of what they will eat, but if they will eat. It may be a choice between eating a meal or paying an electric bill. We want to help alleviate that burden by putting nourishing food on the tables of our neighbors in need, With the donation from Publix Charities and the volunteer efforts of Publix associates, we’re honored to do good, together for our communities.”
-Todd Jones CEO Publix.
Wholesome food is fundamental for the health and well-being of our communities, and too many lack access to this basic need, said Feeding America CEO Claire Babineaux-Fontenot. These gifts from Publix Super Markets Charities further our mission to provide access to nutritious food. We’re grateful to Publix and Publix Super Markets Charities for their continued commitment to helping alleviate hunger.
For a list of Feeding America member food bank recipients, and to learn more about PSMC’s hunger alleviation efforts, please visit publixcharities.org/hunger.
About Publix Super Markets Charities:
George Jenkins, founder of Publix Super Markets and affectionately known as “Mr. George,” believed in giving. From the day he opened his first Publix, he made sure his associates, customers and community were taken care of. In 1966, Mr. George established the Foundation with the vision it would continue giving long after he was gone. Publix Super Markets Charities remains committed to serving the communities in which Publix operates.
About Publix Super Markets:
Publix, the largest employee-owned company in the U.S. with more than 230,000 associates, currently operates 1,305 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia. For 25 consecutive years, the company has been recognized by Fortune as a great place to work. In addition, Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business.
About Feeding America:
Feeding America® is the largest hunger-relief organization in the United States. Through a network of more than 200 food banks, 21 statewide food bank associations, and over 60,000 partner agencies, food pantries and meal programs, we helped provide 6.6 billion meals to tens of millions of people in need last year. Feeding America also supports programs that prevent food waste and improve food security among the people we serve; brings attention to the social and systemic barriers that contribute to food insecurity in our nation; and advocates for legislation that protects people from going hungry.
CompTIA | August 10, 2022
CompTIA, the nonprofit association for the information technology (IT) industry and workforce, today announced that its member communities and councils selected 16 technology-related charities in Australia, New Zealand, Canada, the United Kingdom, Belgium and the United States to give $240,000 in donations this year. WonderKey Collective received the largest total donation of $70,000.
As part of CompTIA Giving, contributions made by CompTIA's member communities and councils support local communities and improve education, access to resources and career options for individuals in need. CompTIA Giving designates $10,000 for each of CompTIA's communities and councils to give to their chosen charities each year. Each community and council can give the full $10,000 to one charity or split it among two charities.
"CompTIA and our member communities and councils are committed to building a stronger and more diverse technology industry, This year's group of charities is a perfect example of how people are using technology to solve all sorts of challenges and support the dreams and capabilities of the people across the globe. I am honored to be part of an association that believes in giving back and proud to support these wonderful organizations."
-M.J Shoer, chief community officer, CompTIA.
The following charities have been selected by CompTIA's member communities and councils for donations this year:
Ability Technology aims to increase the independence and productive potential of people with a disability by using computer and related technology.
Aspire2STEAM provides educational scholarships to young, underserved women pursuing careers in science, technology, engineering, arts and mathematics.
Centrepoint provides housing and support for young people in the UK and aspires to end youth homelessness.
Close the Gap aims to bridge the digital divide by offering high-quality, pre-owned computers donated by European and international companies to educational, medical and social projects in developing and emerging countries.
Digitunity aims to eliminate the technology gap, through and with a network of stakeholders and solutions, so that everyone can thrive in a digitally connected society.
Federation of Galaxy Explorers inspires youth in the fields of science and engineering by providing afterschool "mission team" meetings where students participate in hands-on lessons that support the National Science Education Standards.
Foster Care to Success works with college-bound foster youth, helping them navigate the tricky waters of academia, understand the importance of personal fiscal responsibility, determine achievable career goals, and create networks of friendship and support.
Future Possibilities for Kids focuses on building leaders through unique leadership programs, coaching children to believe in themselves and lead community change.
Hire Heroes USA provides free, expert career coaching and job sourcing to transitioning U.S. military members, veterans and military spouses.
iMentor builds mentoring relationships that empower first-generation students to graduate high school, succeed in college, and achieve their ambitions.
Kids Help Phone Canada is a counseling center for Canadian kids which promises to listen without judgment 24/7.
OMGTech! aims to open up the world of future tech to every Kiwi kid through award winning workshops and initiatives.
Share Your Soles provides gently worn/new shoes to those in greatest need around the world.
Starlight Children's Foundation aims to bring the very best in technology, play, and other fun experiences to distract and entertain pediatric patients.
Women in Aerospace is dedicated to expanding women's opportunities for leadership and increasing their visibility in the aerospace community through networking and policy events that highlight issues relevant to the aerospace industry.
WonderKey Collective exists to narrow the digital divide by providing hardware, internet access, and essentials for foster, emancipated, and homeless youth throughout the United States.
CompTIA divides its philanthropic efforts along three main lines: 1) CompTIA Giving, which gives money and staff time to tech-related charities; 2) CompTIA Tech Career Academy, which provides grants to low-income individuals and those who are underrepresented in tech roles; and 3) CompTIA Spark, which researches and develops workforce development and tech education programs to build new pathways to IT careers.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce.