FirstBank donates $250K to help southwestern P.R. residents

FirstBank | January 20, 2020

Financial institution FirstBank has established a $250,000 relief fund to support the recovery of communities in the southwest area that were affected by the recent earthquakes. During the first phase of the effort, the bank partnered with five nonprofit organizations that are offering services to families with pressing needs, namely: Centro de Microempresas y Tecnologías Agrícolas Sustentables (CMTAS); American Red Cross Puerto Rico Chapter,; One Stop Career Center of Puerto Rico Inc.; Ponce Neighborhood Housing Services Inc.; and the Salvation Army. “Right now, we stand in solidarity with the residents and our employees who live in the towns of Guánica, Guayanilla, Peñuelas, Ponce, Utuado and Yauco,” said FirstBank President Aurelio Alemán. “Our interest is to contribute items needed immediately and help relocate families to safe homes to minimize health problems,” he said. “We have also involved our staff with volunteer hours with organizations that are serving people in shelters.”

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NONPROFIT TECHNOLOGY

PCL Construction Donates $60,000 to Local Food Banks to Help Americans Facing Food Insecurities Amid 12.4% Surge in Food Prices

PCL Construction | November 24, 2022

For the past 13 years, PCL Construction's offices across the country have participated in a campaign to donate nearly $1.5 million to date to local food banks, $60,000 this year alone. Soaring food prices along with increased energy and housing prices has made it challenging for millions of Americans to put food on the table this year – one of the many reasons why PCL supports food banks across the U.S. According to the latest Consumer Price Index, the food-at-home index, a measure of price changes at the grocery store, has increased 12.4% over the last 12 months. According to Farm Bureau, the average cost of Thanksgiving dinner has increased by a record-breaking 20%, presenting challenges for many families this holiday season. "For PCL, it's not just about the buildings we build, it's about the communities we support along the way, PCL first saw a need to support local food banks after the Great Recession and we continue to see a need year after year. I am proud of the work PCL is doing to help the millions of Americans facing food insecurities so they too can enjoy a Thanksgiving meal." -Deron Brown, president and chief operating officer, U.S. operations PCL. PCL's U.S. offices are contributing to the following 18 local food banks for a grand total of $60,000 donated over the holiday season: Denver: Food Bank of the Rockies. Honolulu: Hawaii Foodbank. Maui: Maui Food Bank. Los Angeles: Los Angeles Regional Food Bank. Orange County: Orange County Food Bank. San Diego: San Diego Food Bank. Bakersfield: Golden Empire Gleaner's. Seattle: Food Lifeline and Northwest Harvest. Minneapolis: Second Harvest Heartland. North Dakota: Northlands Rescue Mission and St. Joseph's Food Pantry. Orlando: Second Harvest Foodbank and Pantry of Broward. Phoenix: St. Mary's Food Bank and Nourish Phx. Tampa: Feeding America. Houston: Houston Food Bank. According to the USDA, more than 34 million people, including 9 million children in the United States are food insecure and organizations like Feeding America need our help. About PCL Construction: PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $6 billion USD, making PCL one of the largest contracting organizations in North America.

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NONPROFIT MANAGEMENT

LiquiDonate Raises $2.25M Seed Round Led by Uncork Capital

LiquiDonate | December 01, 2022

LiquiDonate, a female and immigrant founded climate tech startup bringing sustainable solutions to retail returns, announced today that it has raised $2.25 million in seed funding, led by Uncork Capital. Following successful pilots with large retailers like RH (formerly Restoration Hardware) and small businesses like Merch Kitchen, the injection of new capital will be used to scale both retail and nonprofit adoption. Additional investors in LiquiDonate include Sean Plaice, co-founder of Postmates, Gene D'Ovidio, a previous executive of RH, Sean Behr, CEO of Fountain and Founder of Shopping.com, and Jill Greenwald, a nonprofit Board Member. Each year, 6 billion pounds of waste is generated through returns. 80% of retail returns end up in the landfill, while the other 20% go into a costly, inefficient, and often wasteful liquidation process. According to an analysis by the National Retail Federation, shoppers returned an average of 16.6% of their purchases in 2021 equating to a loss of $761 billion to retailers, more than the annual budget of the U.S. Department of Defense. Concurrently, there is an increased interest for ESG (Environmental, Social, and Governance) reporting combined with a growing demand by consumers for corporate sustainability accountability. A problem of this magnitude can only be solved using technology. Founded in 2021 by two ex-Postmates employees, LiquiDonate provides retailers a sustainable solution for the costly and often messy reverse logistics flow, by seamlessly donating excess goods to nonprofits. LiquiDonate’s tech-based solution for landfill diversion saves retailers billions of dollars, while having a direct social impact on local nonprofits. Nonprofits get items for free, allowing them to spend their donation dollars on other programmatic costs. LiquiDonate’s products, the Donation as a Service API and matching algorithm, are in line with multiple UN Sustainable Development Goals. The scalable API is built to handle millions of item donations from enterprise retailers, and instantaneously match them to nonprofits. “Our goal is to do some of the most extreme landfill diversion in the world while increasing the accessibility of quality items for nonprofits who need them the most, With the funds secured through Uncork Capital, we look forward to building our team to further scale our impact.” -Disney “Diz” Petit, Founder and CEO of LiquiDonate. Petit is joined by Chai Nadig, who’s a co-founder and CTO. During their time together at Postmates, Petit led the sustainability and social impact efforts while Nadig built the tech-for-good products. Together, they built food security products that salvaged food waste from restaurants to aid in curbing the hunger crisis. Additionally, the team was awarded the Time Magazine Invention of the Year award for their creation and implementation of Bento, a first of its kind SMS non-smartphone access to the Postmates restaurant network. With LiquiDonate, Petit and Nadig have taken their institutional knowledge and applied it to the retail waste problem. “LiquiDonate is built to prove that you can do both good for the world and save on operational costs, It is no longer a trade-off when you use technology to bridge these two worlds that do not often interact. With Diz and Chai’s experience from building FoodFight! and Bento at Postmates, two food security products with huge impacts, they’ve already proven they are the right team and this is the right time.” -Tripp Jones, a partner at Uncork Capital. In less than a year, LiquiDonate has diverted over 20,000 pounds of material from landfills, generated over 10,000 donations, and saved nonprofits, schools, and community members over $100,000 by matching a quality second-hand item with them versus buying a new one. Nonprofit organizations do life changing work and solve some of the biggest problems we face locally and globally, said Casey Hagerman, Executive Director at A Meal With Dignity. Being able to receive automatic notifications about items that we can use for our nonprofit office or clients to make us more efficient means we can spend our donor dollars on programmatic work to help us meet our mission faster. About LiquiDonate: LiquiDonate is a sustainable social impact solution for retailers, businesses, nonprofits, and community organizations. The platform matches unsellable items with local nonprofits saving large retailers billions of dollars every year while helping them meet their ESG goals.

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NONPROFIT TECHNOLOGY

Esri Announces First-Round Winners of Small Nonprofit Organization Grant Initiative

Esri | November 21, 2022

Leaders at nonprofit organizations and nongovernmental organizations (NGOs) must constantly balance priorities to identify communities of need, allocate resources, communicate purpose, improve advocacy, and increase overall impact and efficiency. The organizations that plan, measure, and manage their programs and operations effectively, do so by taking a geographic approach. To help nonprofit organizations advance their missions, Esri, the global leader in location intelligence, provides software and resources—enabling them to achieve measurable impact, engage with communities, and advocate for their causes—through its Nonprofit Organization Program. As part of this program, small nonprofit organizations based in the US can apply for a grant that provides geographic information system (GIS) tools and training. This year, Esri is proud to announce the first round of winners for the 2022 Small Nonprofit Organization Grant Initiative. Awarded to 150 US-based and international nonprofit organizations, the grant calls for applications from nonprofit organizations registered as a 501(c)(3) with 25 or fewer employees in fields such as civic and humanitarian efforts, arts and culture, civil rights, community development, conservation, food security, social justice, economic advancement, and support for humans in crisis. The goal of Esri's Small Nonprofit Organization Grant Initiative is to introduce GIS as a tool to help nonprofit organizations become more data driven, identify opportunities for connecting with donors and volunteers, and communicate their mission and success more effectively. Along with assisting small nonprofit organizations that would benefit from implementing GIS software, the initiative's goal is also to introduce them to larger academic, commercial, and government communities. About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofit organizations, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

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businesswire

New Study Reveals Gig Workers Need Unique Benefits to Reduce Financial Challenges

Commonwealth | November 23, 2022

Despite rapid growth of the U.S. gig economy, the majority of gig workers remain underserved as they face a variety of unique and pressing financial challenges, and lack effective tools to help them achieve financial stability. According to new research led by nonprofit Commonwealth and supported by Green Dot Corporation (NYSE: GDOT), Gig Wage, and Steady, most of today’s gig workers face persistent income volatility and have little or no savings for emergency expenses. Additionally, the study focused on what employer benefits may be most effective in reducing the impact of income volatility on gig workers. “The U.S. gig economy has seen dramatic growth and expansion, accounts for a significant portion of our jobs, and plays an important role in many of our lives, We are proud to partner with Commonwealth to learn more about the needs and challenges of this critical segment of workers and consumers so that we can build tools and experiences to better serve and empower them, both directly and through our partners.” -Greg Quarles, CEO, Green Dot Bank. The research report, Evaluating the Impact of Income Volatility Benefits on Gig Workers, evaluated the impact of one of three financial interventions randomly assigned across two cohorts of gig workers. Participants were eligible for up to $1,000 in funds through either a weekly stipend, emergency grant, or emergency loan over a four-month period. Key findings of the Financial Benefits Project pre-pilot included: Gig workers have little to no savings for emergency expenses. Between the two cohorts, around 70-80 percent of gig workers had $1,000 or less in savings, and more than 40 percent had no savings at all. $1,000 provided short-term financial relief and reduced stress. At the start of the program, most participants did not have the resources to manage a $1,000 expense. For many, the $1,000 interventions provided short-term financial relief and reduced stress. Financial hardships were frequent and expensive. Three in four gig workers (76 percent) surveyed after receiving weekly stipends had experienced a financial hardship of more than $1,000, with a third (32 percent) experiencing three or more. 79 percent said their financial hardship prevented them from working. Financial support needed for necessities. Across all three interventions, gig workers cited their top financial hardships as paying rent, utilities, auto, or other basic expenses. “Gig work has gained traction and appeal for a number of reasons — not the least of which is the flexibility and agency it can provide workers, But non-traditional work can create financial challenges. This important pre-pilot demonstrates that more research into the unique financial needs of gig workers is needed.” -Timothy Flacke, Co-Founder and Executive Director, Commonwealth. Economic empowerment is everything. This research and data are foundational to unlocking key insights to building technology and services that can truly provide a financial social safety net to tens of millions of everyday hard-working people, said Craig J. Lewis, Founder & CEO, Gig Wage. Understanding how money moves through the gig economy and how gig workers receive and spend their money is critical to solving the challenges that plague so many underserved, underbanked, and credit invisible individuals. This study is a great step in the right direction to help inform all constituents from Capitol Hill and academia to corporations and independent contractors alike. This research further reinforces the fact that millions of non-standard workers are facing incredibly precarious financial situations — and demonstrates the potential of cash assistance programs in helping address that challenge, said Adam Roseman, CEO, Steady. This is about providing both employers and policymakers with the data and tools to better help those workers chart a path to financial stability. The Financial Benefits Project pre-pilot evaluated 138 gig workers across two cohorts, with 51 percent identifying as African American/Black, 74 percent identifying as female, and 62 percent earning less than $40,000 a year. Compared to service-sector employees, a greater percentage of gig workers earn less than minimum wage, have lost earnings from technical difficulties, have used SNAP benefits, and are not able to cover utility payments in full.1 Due to these barriers to financial security, gig workers are often unable to build emergency savings and are caught in a cycle of financial insecurity. About Green Dot: Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company committed to giving all people the power to bank seamlessly, affordably, and with confidence. Green Dot's technology platform enables it to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money and making financial empowerment more accessible for all. Green Dot offers a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. Its digital bank GO2bank offers consumers simple and accessible mobile banking designed to help improve financial health over time. The company’s banking platform services (or “BaaS”) business enables a growing list of the world’s largest and most trusted consumer and technology brands to deploy customized, seamless, value-driven money management solutions for their customers. Founded in 1999, Green Dot has powered more than 33 million accounts directly, and many millions more through its partners. The Green Dot Network of more than 90,000 retail distribution locations nationwide, more than all remaining bank branches in the U.S. combined, enables it to operate primarily as a “branchless bank.” Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC2. About Gig Wage: Gig Wage is the first FinTech payroll platform created specifically for the 1099 economy and builds comprehensive technology products that take into consideration how money moves through the entire gig ecosystem, not just how it gets to workers. Gig Wage’s proprietary technology is shaping the modern financial infrastructure for the future of work by tackling the complex challenge of handling contractor payroll, payments, and compliance.Gig Wage considers accounts receivable, banking, accounts payable, consumer spending and, above all, the people that the money impacts. The company’s unique technology enables employers to instantly pay 1099 workers with more control, flexibility and scale, while simultaneously offering independent contractors a convenient and efficient way to receive payments. About Steady: Steady was founded in 2017 to make data work for the non-standard workforce. Today, the platform helps nearly 6 million members earn, on average, over $5,500 more per year. We also address systems-level change to improve financial outcomes for the workers we serve. From our work in providing emergency cash grants to expanding benefit access to uncovering data on the effectiveness of policy solutions, we help employers, governments, and financial institutions make their systems work better for non-standard workers. By extracting insights from data on more than 1.5 billion enriched financial transactions and over 151 billion enriched deposits, we help streamline benefits administration, quantify earnings, expand access to credit, reduce fraud, and increase equity for the workers who now make up one-third of the U.S. labor force. About Commonwealth: Commonwealth is a national nonprofit, building financial security and opportunity for financially vulnerable people through innovation and partnerships. Black, Latinx, and female-led households disproportionately experience financial insecurity due in large part to longstanding, systemic racism and gender discrimination. Addressing these issues is critical to Commonwealth’s work of making wealth possible for all. For nearly two decades, Commonwealth has designed effective innovations, products, and policies enabling over one million people to accumulate more than $7 billion in savings. Commonwealth understands that broad changes require market players to act. That’s why we collaborate with consumers, the financial services industry, employers, policymakers, and mission-driven organizations. The solutions we build are grounded in real life, based on our deep understanding of people who are financially vulnerable and how businesses can best serve them.

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Spotlight

HubSpot is indeed a great platform, but it’s not the only option. If you're a fan of Donald Miller and want to use the StoryBrand framework to create powerful and persuasive videos, we recommend using ROI GrowthStack. This platform offers all of the same features as HubSpot (and more) plus the added benefit of our expert team who can help you produce high-quality videos that drive results.

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