Classy | October 14, 2021
Classy, a giving platform that enables nonprofits to connect supporters with the causes they care about, will launch a new, digital payment integration with PayPal and Venmo, enabling nonprofits to receive online donations through both payment methods for multiple campaign types and giving frequencies. These new integrations give nonprofit supporters more payment options and present donors with the same technologies they interact with every day. Donations made through PayPal and Venmo will also fully integrate with Classy's back-end reporting system for a completely seamless experience.
Classy's customers will be able to add PayPal as a donation option for both one-time and recurring donations starting this month, just in time for the end-of-year giving season, with the Venmo option following in 2022.
PayPal and Venmo are the most frequently used payment providers.
Venmo is popular among millennials and gen-zers with 81% of users falling between 18-45 years old.
According to new, unpublished research by Classy, if given the option, 55% of donors surveyed said they were somewhat or very likely to donate to a nonprofit via PayPal or Venmo.
77% of surveyed donors believe PayPal is the safest way to donate.
55% of surveyed donors are likely to donate again if PayPal is an option.
37% of surveyed donors donate more because they're able to use PayPal.
"The addition of PayPal and Venmo to the Classy platform enables a more elegant giving experience for any donor who wants to support one of our nonprofit customers. By making the supporter journey more relevant, engaging and intuitive, Classy's nonprofit customers can unlock the goodwill of even more supporters, bringing in more funding for their missions."
Chris Himes, CEO of Classy
Classy's PayPal and Venmo integrations will go deeper than most options currently available to the social sector. Specifically, the choice to donate via these payment methods will be available across multiple campaign types, including website donations, peer-to-peer fundraising, virtual events, and crowdfunding, and donations via PayPal can apply to both one-time and recurring donations. Having this offering across numerous facets of the Classy platform will help nonprofits drive higher conversion rates and donor satisfaction. Plus, all receipting and reporting will be fully integrated with the Classy platform, making it a harmonious process for nonprofit professionals. Both payment options will be available to nonprofits through Classy's proprietary payments integration, Classy Pay, which also allows customers to accept donations through ACH, credit cards, and digital wallets.
Classy is a B Corp Certified Public Benefit Corporation and giving experience platform that enables nonprofits to connect supporters with the causes they care about. Based in San Diego, CA and trusted by thousands of nonprofits, from the fastest-growing nonprofits to some of the world's largest social organizations, Classy's platform provides the formats and flexibility to activate donors when and how they need to by creating more relevant connections to their causes. Since 2011, Classy has helped nonprofits mobilize and empower the world for good by helping them raise over $3 billion on its platform. Classy also hosts the Collaborative conference and the Classy Awards to spotlight the innovative work nonprofits are implementing around the globe.
JustFund | October 13, 2021
JustFund, the first and only nonprofit grantmaking platform created by funders and organizers of color, announced a major milestone in its mission for equitable grantmaking, now having moved $100 million to community-based and BIPOC-led organizations. Since its launch in 2017, JustFund has worked with more than 400 grantmakers including The Ford Foundation, East Bay Community Foundation, Way to Rise, The Emergent Fund, Decolonizing Wealth and helped amplify the work of more than 4,000 organizations.
Designed to support those who are seeking and distributing charitable funds through a streamlined grantmaking solution, JustFund is on a mission to reset philanthropy, to disrupt the traditional way money moves, and eliminate the barriers and bottlenecks that limit philanthropic dollars from reaching chronically under-resourced nonprofits and communities. According to a report by GrantStation, about 40% of grant applications typically take a week or more and cost organizations up to $5,000, creating a barrier for smaller nonprofits, particularly those that are BIPOC-led, to access funding. JustFund seeks to simplify the application process for grantseekers who use a common proposal to apply to multiple funds at once.
"We recognize that money moves at the speed of trust. Our human-centered approach to grantmaking ensures grantmakers can move critical resources in a values-aligned, trust-based, and equitable way. Through our common proposal, expert support, and seamless process, we've moved critical resources in a timely way to organizations, most of whom have been historically excluded from traditional philanthropy, which has become an increasingly expensive and exclusive process."
Iara Duarte Peng, founder and CEO of JustFund
JustFund's signature common proposal provides grantmakers with basic information about the organization, their work, their team, their financial need, as well as visibility into who else is already funding the organization. The nonprofit also supports participatory grantmaking practices and drastically expands charitable organizations' access to new financial resources. JustFund's portal aggregates proposals into a searchable database made available to individual donors, donor advisors, and foundation staff to "find and fund" new organizations.
In addition to streamlining the grantmaking process, JustFund is challenging the inherent imbalanced power dynamics and barriers in philanthropy that exclude smaller, grassroots organizations, especially those led by people of color.
"When we were ready to launch our first RFP, the #Case4Reparations, we were keen to keep the burden low and the process smooth," noted Edgar Villanueva, principal of Decolonizing Wealth Project/Liberated Capital. "JustFund's common proposal and stellar support team put our vision for Liberated Capital's grant application experience into action. Because of JustFund's streamlined process, we were able to launch our second RFP, the #IndigenousEarthFund in a matter of days, which means we'll be able to redistribute money faster and more efficiently."
"Seeking and distributing funds in a simple and equitable way shouldn't come at the cost of anyone's core values," says Peng. "That's why JustFund is more than a platform or a tool to simplify grantmaking. We're a growing community of values-aligned funders and organizations who put equity at the center of their work, and we're ready to reset philanthropy, together."
Delterra | October 12, 2021
Today the new, independent environmental nonprofit Delterra announced it is adopting Rethinking Recycling as the organization’s first flagship initiative.
The Rethinking Recycling initiative was launched in 2018 by McKinsey.org to help cities address their waste crisis as approximately 3.5 million tons of waste is generated each day globally. Over the last three years under McKinsey.org’s stewardship, Rethinking Recycling has built rapidly scalable, self-sustaining recycling ecosystems in Indonesia and Argentina, including solutions for plastics and organic waste. Delterra, whose vision is a world where human activities protect and restore a healthy planet, believes this groundbreaking initiative has reached an inflection point where it is ready to further accelerate and scale its impact.
Delterra also announced that global management consulting firm McKinsey & Company will be a founding partner of the new nonprofit, providing $6 million in multi-year funding, as well as a $3.5 million challenge grant and additional in-kind support, to help realize Rethinking Recycling’s goal of delivering green, inclusive, and economic recycling to countries across Asia, Latin America, and Africa.
Through its proof-of-concept and scale-up programs in Indonesia and Argentina, Rethinking Recycling is on track to bring recycling and waste management services to over 250,000 people by 2022, most of whom had no access to recycling solutions before. Its programs have also achieved recycling rates of up to 60%, which is higher than those of most US cities. To date Rethinking Recycling has improved the livelihoods of more than 450 waste workers, many of whom are marginalized women, by increasing their salaries by up to 200% and providing them with access to health care and safe working environments, often for the first time.
“We are a very different organization today than when we first formed in 2018 as part of McKinsey.org. In many ways, adopting a new name and identity of our own is the next logical step in our growth journey. We are thrilled that our Rethinking Recycling programs will continue to operate in our new home, Delterra. The team and I are very excited to create the next phase of impact and to deliver Delterra’s mission of redesigning human systems at scale for the good of people and the planet.”
Shannon Bouton, President and CEO of Delterra
Michael Silber, Senior Partner, Global Social Responsibility, commented, “McKinsey & Company is committed to helping organizations create positive, enduring change in the world and to realize sustainable, inclusive growth. Through McKinsey.org, we have incubated nonprofits to develop innovative approaches to the world’s most pressing problems. The Rethinking Recycling initiative has been an important part of our approach to societal responsibility, which includes empowering our people to give back to their communities, operating our firm in ways that are environmentally sustainable and socially responsible, and working with our clients to serve all stakeholders and achieve holistic impact. As Rethinking Recycling transitions out of McKinsey.org to Delterra, McKinsey & Company will continue our support of this initiative and the nonprofit.”
Donatella Orsi, Director of Economic Integration, Ministry of Human Development, Buenos Aires, commented, "Five years ago we embarked, as part of the City of Buenos Aires Government, on the Barrio Mugica integration project, a historic transformation of one of the City's most iconic settlements. Although hard infrastructure issues were the most pressing ones, we strongly believed that inclusive, collaborative projects focused on sustainability also had their place.
Rethinking Recycling’s Barrio Mugica project is one of these highly successful initiatives of our integration project. Rethinking Recycling partnered with City staff and 13 local labor cooperatives to provide the residents with door-to-door waste collection and recycling services: a win-win for everyone. Cooperatives now benefit from the income generated by the sale of recyclables and local residents are increasingly proud of their improved surroundings."
Delterra is an environmental nonprofit on a mission to create a world where human activities protect and restore a healthy planet. Delterra’s founding partner is McKinsey & Company, and its flagship initiative, Rethinking Recycling, works with communities in emerging economies to build rapidly scalable, self-sustaining waste management and recycling ecosystems, that redirect waste into productive use while improving the lives of the people it touches. In the coming years, Delterra will add other initiatives to its portfolio, all with a view to developing innovative scalable solutions that redesign human systems for the good of people and the planet.