Rishi Lahoti on February 28, 2019 in Uncategorized
Imagine getting a gift card for $50 that allows you to pay it forward to a cause of your choosing, with guaranteed receival by the other party. Global Giving is striving to be the informational bridge between people who want to donate and those who need it. Their mission? From their website, “To transform aid and philanthropy to accelerate community-led change.” What they hope for? “Unleashed potential of people to make positive change happen.”
The 501 non-profit based in Washington D.C. claims to be “The World’s First Crowd Funding Community” and has raised $376 million from over 800 thousand donors since its start in 2002. As for how it started, “By 1997, Mari Kuraishi and Dennis Whittle were convinced many key innovations in global development weren’t getting the attention they deserved. Believing there had to be a better way to do aid, they started an experiment. In February 2000, they invited any social entrepreneur to pitch his or her earth-changing idea at the World Bank. The 300+ participants ranged from a group of NASA scientists to a woman who’d never before left her Ugandan village. The event was a success, and Mari and Dennis realized good ideas can come from anyone, anywhere, at any time. They also realized there were many others who wanted to support good ideas. So they left the Bank to launch the world’s first crowd funding community in 2002. Today, people in more than 165 countries can easily share their ideas, and individual donors and companies can easily support vetted nonprofits through GlobalGiving.” They’ve impacted about 22,000 projects worldwide in 170 countries.
So how does it work? The process is describe in detail on their website - Any individual, non-profit, company or foundation applies to be an approved done. They go through a thorough vetting to make sure everything is legitimate after which they are branded on the GlobalGiving website. They also understand that they have many competitors in the crowd funding scene and so outline many reasons why they stand out. Among them are matching donations, high donor satisfaction, no hidden costs, having a global persona. Donations are tax deductible in the US and UK and offer donation satisfaction guarantee which can be found here.
GlobalGiving has also given a list of core values. “Always Open - We believe in the power of great ideas and that these ideas can come from anyone, anywhere, at any time.” This shows that they are the same company from when they invited social entrepreneurs at the World Bank 15 years ago, something which is rare in today’s ever-changing corporate world. “Listen, Act, Learn. Repeat. - We continually experiment. We fail quickly and productively. We use data and feedback to guide our course.” The ability to use constructive criticism effectively is also notable. “Never Settle - We have an obligation to question the rules, change them for the better, raise the bar, play a different game, and play it better than anyone thinks is possible.” Among everything found on their website, this statement captures them perfectly as an organization always striving to do better.