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Author Archives for Amanda Armstrong

Growfund in NPQ

January 8, 2018 12:39 pm Published by Amanda Armstrong Comments Off on Growfund in NPQ

In case you missed it, read Brandolon Barnett’s article in the Nonprofit Quarterly (NPQ): “Philanthropic Disruptions: Everything and the Kitchen Sink,” published in November, 2017.

Global Impact Receives Grant to Expand Growfund

November 2, 2016 12:22 pm Published by Amanda Armstrong Comments Off on Global Impact Receives Grant to Expand Growfund

Grant supports informed, intentional and generous giving strategy of the Bill & Melinda Gates Foundation – Global Impact has received a grant from the Bill & Melinda Gates Foundation to further expand awareness and development of Growfund, its revolutionary donor-advised fund (DAF). Growfund is a charitable giving platform that allows individuals to create their own DAF with as little as $1. The platform eliminates the historic barrier on DAFs, which generally require account minimums of $5,000 or more to start, allowing everyday donors the ability to create their own personal foundation where money is invested and grown over time and granted to one or more of 800,000 nonprofit organizations available through the system. Donors can also launch custom giving opportunities in the platform and share them with family and friends. Donations are immediately tax deductible.

“Growfund provides corporations, community foundations and individual donors a means to bridge charitable giving with investment,” said Scott Jackson President and CEO of Global Impact. “With the support provided by the Gates Foundation grant, we intend to create informed, intentional and generous giving at scale by providing education platforms, socially responsible investment options and expanded capacity to cultivate new partners.”

For corporations, Growfund provides employees with an easy-to-use and automated platform to thoughtfully plan their charitable giving strategy alongside their retirement, medical and other financial planning needs. Additionally, with payroll deduction options, corporate match processing and real-time reporting, Growfund is a low-cost and simple to use employee engagement tool that can be integrated into human resources much like 401(k) plans.

For charities, Growfund offers a white-labeled tool to access the fastest growing charitable vehicle in the U.S. with a low barrier entry for new donors and giving circles, featured giving opportunities and the ability to convert individual donors to planned givers.

Community foundations have come to depend on donor-advised funds as a way to engage members of their community. Growfund provides these organizations the opportunity to connect with a new generation of supporters who would otherwise not have the means to start a donor-advised fund to support causes in their community.

For more information and a demonstration, please contact a Growfund community expert at [email protected] or by calling 844-852-3617 or go to www.mygrowfund.org. Follow Growfund on Twitter and “Like” us on Facebook.

ABOUT GLOBAL IMPACT

Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and secretariat services; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency, technology services and integrated giving platforms. Global Impact works with nearly 450 public and private sector workplace giving campaigns to generate funding for an alliance of nearly 130 international charities. Through strategic council and implementation support, Global Impact equips private sector and nonprofit organizations to achieve their philanthropic goals. The organization also serves as administrator for four of the world’s largest workplace giving campaigns, including the Combined Federal Campaign of the National Capital Area (CFCNCA) and the Combined Federal Campaign-Overseas (CFC-O). Since 1956, Global Impact has generated more than $1.7 billion to help the world’s most vulnerable people.

Learn more at charity.org. Follow Global Impact on Twitter and “Like” us on Facebook.

Press Contact

Micaela Vivero
Global Impact
703.717.5265
[email protected] 

Global Impact Partners with CEO Connection to Help Middle Market Companies Engage Employees with Growfund Strategic Giving Tool

September 21, 2016 10:08 am Published by Amanda Armstrong Comments Off on Global Impact Partners with CEO Connection to Help Middle Market Companies Engage Employees with Growfund Strategic Giving Tool

Best practice employee engagement and donation tools now offered affordably to mid-market companies – Global Impact, whose mission is to build partnerships and resources for the world’s most vulnerable people, today announced a new partnership with CEO Connection to make Growfund available to its members. CEO Connection is the only membership organization in the world exclusively for CEOs of mid-market companies. Growfund is a revolutionary new charitable giving tool developed by Global Impact that allows ordinary donors to experience the benefits of a donor advised fund (DAF) for as little as $1. With Growfund companies can provide employee benefits to foster more strategic employee giving, while creating improved employee engagement, work productivity, and company loyalty.

Research shows that this kind of employee engagement can cut turnover, increase productivity, and create other bottom line benefits. Historically, the high cost of tools which support employee engagement has created a barrier for many mid-sized corporations. With Growfund, mid-market CEO Connection members can now similarly improve their bottom lines and workplace environments for a fraction of the cost.

“This unique CEO Connection offering will provide a revolutionary platform for employee engagement,” said Scott Jackson, president and CEO of Global Impact. “The tools available through Growfund are valuable because they allow donors to be strategic and truly engaged with their giving. Couple this with the ability for employees to align donations with their company’s corporate citizenship goals and a powerful employee engagement experience is created.”

“This partnership with Global Impact fits with CEO Connection’s continued efforts to connect mid-market companies with the information and resources they would otherwise not be able to access,” said Kenneth Beck, founder and CEO of CEO Connection. “The CEO Connection Growfund program offers our members a phenomenal employee giving and engagement program that highlights their commitment to corporate social responsibility and is only available to mid-market companies through CEO Connection.”

Growfund is a DAF that operates like a personal foundation or a 401(k) plan and can be seamlessly integrated into existing human resource systems.  Employees sign-up through payroll deduction and from there have tax-deductible contributions deposited into their Growfund. The employer can white-label the product as well as match or make one time contributions. Like a 401(k) contributions can be saved or invested and grown over time. A Growfund stays with employees for life and funds can be granted to over 800,000 charities and to causes that matter most to the donor. Unlike other DAFs that require sizeable contributions before the funds are invested, Growfund contributions can be invested starting with the first dollar.

For more information or to schedule a demo, please contact a Growfund community expert at [email protected] or 844-852-3617 or visit www.mygrowfund.org. Follow Growfund on Twitter and “Like” us on Facebook.

ABOUT CEO CONNECTION

CEO Connection is the only membership organization in the world reserved exclusively for CEOs of mid-market companies – companies with between $100 million and $3 billion in annual revenue. Our mission is to help mid-market CEOs and their companies succeed. We accomplish this by connecting them to each other; connecting them to people, information and resources to which they would otherwise not have access; and promoting the interests, welfare and perspective of the mid-market.

Members are C-level executives with responsibility for all or significant portions of their respective company. They represent a wide variety of businesses across a broad geographic spectrum. Collectively mid-market companies account for $10 trillion of the $30 trillion annual U.S. private sector gross receipts.
Inspired by C-level Wharton executives, CEO Connection began in 2005 and has evolved into a dynamic community with wide-ranging benefits uniquely designed to help the mid-market CEO and champion the mid-market perspective. For more information, visit www.ceoconnection.com. Stay connected on Twitter: @CEOConnection and LinkedIn: www.linkedin.com/company/ceo-connection.

ABOUT GLOBAL IMPACT

Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and secretariat services; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency, technology services and integrated giving platforms. Global Impact works with nearly 450 public and private sector workplace giving campaigns to generate funding for an alliance of nearly 130 international charities. Through strategic council and implementation support, Global Impact equips private sector and nonprofit organizations to achieve their philanthropic goals. The organization also serves as administrator for four of the world’s largest workplace giving campaigns, including the Combined Federal Campaign of the National Capital Area (CFCNCA) and the Combined Federal Campaign-Overseas (CFC-O). Since 1956, Global Impact has generated more than $1.7 billion to help the world’s most vulnerable people.

Follow Global Impact on Twitter and “Like” us on Facebook.

Press Contact

Micaela Vivero
Global Impact
703.717.5265
[email protected] 

Global Impact Expands Growfund Connecting Donors to 800,000-Plus Charities

July 13, 2016 4:43 pm Published by Amanda Armstrong Comments Off on Global Impact Expands Growfund Connecting Donors to 800,000-Plus Charities

Enhanced Search Capabilities and Charity Reports Powered by GuideStar Help Donors Make Informed Investment Decisions – Global Impact, whose mission is to build partnerships and resources for the world’s most vulnerable people, today announced new search capabilities for Growfund users to find current information about more than 800,000 charities, which greatly expands and informs donation opportunities. Donors can search by local or international needs, high-impact areas and among different categories to determine which causes they want to support, such as, Arts Education and Research, Environment and Animals, Health &  Human Services, International, and Religion to name a few.

For a more advanced search, a list of the National Taxonomy of Exempt Entities codes, which the IRS and National Center for Charitable Statistics use to classify charities, can be referenced. Users can then retrieve reports powered by GuideStar to find more information about a nonprofit’s financial or organizational structure.

“Our goal for Growfund is to democratize philanthropy. So, whether you are a seasoned philanthropist or just beginning to invest in causes, Growfund now provides even more depth for different research needs,” said Scott Jackson, president and CEO of Global Impact. “This latest enhancement of more than 800,000 searchable U.S. charity profiles from GuideStar complements our global network of charities. Users can now diversify their giving and uncover lesser-known charities that are making a difference in people’s lives.”

“By integrating GuideStar tools and resources into Growfund, Global Impact is providing up-to-date, accurate, and comprehensive information on U.S. charities, which improves the intelligence that drives effective donor engagement,” said Adrian Bordone, vice president, Strategic Partnerships of GuideStar.

Growfund is a donor-advised fund (DAF) that operates like a personal foundation or a 401(k) plan. Contributions can be saved or invested, grown over time and granted to the charities and causes that matter most to the donor. Unlike other DAFs that require sizeable contributions before the funds are invested, Growfund contributions can be invested starting with the first dollar.

For more information and a demonstration, please contact a Growfund community expert at [email protected] or by calling 844-852-3617 or go to www.mygrowfund.org. Follow Growfund on Twitter and “Like” us on Facebook.

About Global Impact

Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and backbone services; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency, technology services and integrated giving platforms. Global Impact works with nearly 450 public and private sector workplace giving campaigns to generate funding for an alliance of nearly 130 international charities. Through strategic council and implementation support, Global Impact equips private sector and nonprofit organizations to achieve their philanthropic goals. The organization also serves as administrator for four of the world’s largest workplace giving campaigns, including the Combined Federal Campaign of the National Capital Area (CFCNCA) and the Combined Federal Campaign-Overseas (CFC-O). Since 1956, Global Impact has generated more than $1.7 billion to help the world’s most vulnerable people.

Learn more at charity.org. Follow Global Impact on Twitter and “Like” us on Facebook.

About GuideStar

GuideStar, www.guidestar.org, is the world’s largest hub of nonprofit information, connecting people and organizations with data on 2.4 million current and formerly IRS-recognized nonprofits. Each year, more than 7 million people, including individual donors, nonprofit leaders, grantmakers, government officials, academic researchers, and the media, use GuideStar data to make intelligent decisions about the social sector. GuideStar Nonprofit Profiles are populated with information directly from nonprofits, from the IRS, and via other partners in the nonprofit sector. In addition, users see GuideStar data on more than 190 philanthropic websites and applications. GuideStar is itself a 501(c)(3) public charity.

Press Contact

Micaela Vivero
Global Impact
703.717.5265
[email protected] 

Giving Compass Reel

Recent Posts

  • Join the WeGive Summit – A Celebration of Collective Giving!

  • Changes to Growfund’s Policy on Paper Checks and Tax Letters

  • What No-Minimum Donor Advised Funds (DAFs) Could Mean For The Future of Philanthropy – Co-authored by Melissa Cortes, Director of Collective Giving at Global Impact and Nathaniel Heller, VP at Geneva Global

  • Women Give 2020

  • Why you should think about giving on St. Patrick’s Day

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Global Impact works on charitable ventures to inspire greater giving. We serve as a trusted advisor, intermediary and implementing partner across the private, nonprofit and public sectors. Through these partnerships, we have raised nearly $2 billion for causes such as disaster relief and global development. Our expertise includes fundraising and partnerships, employee engagement and corporate social responsibility (CSR), and finance and business services.

Learn more at charity.org

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