Special Growfund Charity Charge credit card earns cashback rewards as tax-deductible charitable donations to cardholder’s Growfund Donor Advised Fund, allowing individual donors to incorporate saving, investing, and giving into their everyday purchases.
Press Release – ALEXANDRIA, VA, and AUSTIN, TX, June 6, 2017 – Global Impact, a world leader in growing global philanthropy, has joined forces with Charity Charge, a Public Benefit Corporation offering the first credit card with a rewards program that earns 1% cash back on purchases as charitable donations. Through this partnership, Charity Charge will make available a credit card with Growfund, Global Impact’s innovative charitable giving platform, that will enable the cashback rewards to be saved, invested, and granted to nearly one million charities of the cardholder’s choice.
The partnership between these two organizations occurs at the nexus of technology, finance and philanthropy, advancing a shared mission to transform the methods by which people can donate. Ann Canela, Vice President of Global Impact and an architect of the Growfund giving platform said, “Charity Charge shares our vision of leveraging technology to transform the systems of giving. We created Growfund to democratize philanthropy by offering individuals a chance to create their own personal foundation to engage with their causes more deeply.” She added, “Our partnership with Charity Charge will make it easier for individuals to integrate giving more seamlessly into their daily lives, as they can now transform their everyday purchases into everyday donations.”
Growfund is Global Impact’s charitable giving tool that democratizes philanthropy by allowing individuals to create their own personal foundation and experience the benefits of a Donor Advised Fund (DAF), with as little as $1 to start. Unlike other DAFs that require sizeable contributions before the funds are invested, Growfund contributions can be invested with the first $1. When ready to give, donors can make grants to nearly one million domestic and international charities through Growfund’s partnership with GuideStar. Operating like a money market or 401(k) investment platform, Growfund helps individual donors grow their contributions, plan for their giving, and then give with impact where they live, learn and work. The credit card rewards program will provide an additional way for Growfund owners to add funds automatically.
Said Stephen Garten, CEO and founder of Charity Charge, “We created Charity Charge to empower donors to do good every day through their regular purchases, at no cost to the recipient charities. We are proud to partner with Global Impact to help donors Charge It Forward to their Growfund. The Charity Charge World MasterCard will offer everyday donors a way to amplify their contributions and plan for their giving to the causes they care about, with every swipe.”
To apply for a Growfund Charity Charge World MasterCard, click here.
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; workplace fundraising and representation; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency and technology services. Global Impact works with more than 300 public and private sector workplace giving campaigns to generate funding for an alliance of more than 100 international charities. Through strategic council and implementation support, Global Impact equips private sector and nonprofit organizations to achieve their philanthropic goals. The organization also served 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 $1.8 billion to help the world’s most vulnerable people.
About Charity Charge
Charity Charge, PBC is an Austin-based startup that’s transforming the way people give to nonprofits. The Charity Charge World MasterCard, issued by Commerce Bank, is the first credit card to let users donate the 1% cash back they receive on all purchases for up to three charities of their choice. Through unique partnerships with GuideStar and Network for Good, Charity Charge has the ability to distribute donations to any nonprofit registered in the U.S. Founded by CEO Stephen Garten, the company’s goal is to leverage technology to bring philanthropy into the 21st Century.
To apply for a card or for nonprofit registration information, visit charitycharge.com.