In 1997, World Bank executives Mari Kuraishi and Dennis Whittle were asked to develop an innovative way to combat poverty. They put their heads together and created the World Bank’s Development Marketplace, a first-of-its-kind event where people from around the world competed for World Bank funds. The event’s success revealed the enormous potential of a global marketplace for philanthropy, and participants asked for a real marketplace that was open year round and operated virtually. Mari and Dennis saw the brilliance of this idea, left the World Bank and launched GlobalGiving.
A charity fundraising website, it gives social entrepreneurs and nonprofits from anywhere in the world a chance to raise the money that they need to improve their communities. The mission is to catalyze a global market for ideas, information, and money that democratizes aid and philanthropy.
The concept finally enables donors to fund the underdog. Since 2002, GlobalGiving has raised $102,135,256 from 369,842 donors who have supported 9,460 projects. Offering donors a transparent, high-impact giving experience, donors choose where they want their money to go, and GlobalGiving gets it there, quickly and efficiently. It gives access to new sources of funds to creative ideas and projects that might never be funded through traditional structures and development and philanthropy approaches.
Donors get feedback about how their contributions have been put to work and the results achieved, so they can see how their gift is making a difference. Because most donors choose to make an incremental contribution at checkout to cover fees, 100% of their donation goes to the project that they have selected to support, with an average of 90% of all funds donated getting to the grassroots project selected.
Unlike a traditional foundation, GlobalGiving doesn’t provide grants. Instead, it offers organisations an easy-to-use fundraising and donor management system, fundraising tools and training, and access to its corporate partners and media outreach. Some of their corporate partners include Dell, Gap, Pepsi, Nike, and Neutrogena. All corporate partners are encouraged to donate not just money but skills as well, so donations and skills-sharing programmes allow firms to maximise the impact of their charitable endeavours.
By connecting donors to doers, GlobalGiving begins with the dedicated, tenacious individuals who are driving change in their communities. From running orphanages and schools, to helping survivors of natural disasters, these people are local heroes transforming their communities.
For more information, visit www.globalgiving.co.uk or www.globalgiving.org.