Author Archives for Amanda Armstrong

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.

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.