Flipping the calendar into 2017 brought some amazing changes for Dexterity Ventures Inc. and
Place2Give Foundation. I am excited to share with you that DVI tech assets (the GIVE_api along with our charity database) have been acquired by
Good Done Great, a US based company specializing in employee giving and foundation management software. We will be formally closing down DVI by June 2017.
Place2Give Foundation will continue to operate and has restructured our
Board of Directors to better reflect the services that we offer our donors and community partners.
We have also expanded our network in the US through a partnership with DonateWell while continuing to support the efforts of Global Giving.
It has been an amazing journey and as things transition over the next few months you will continue to be kept informed. All of our thought leadership, white papers and research will be be posted on the
Dexterity Consulting website for the time being.
It has been an absolute pleasure to work and share with you, your clients and your colleagues over the years (for some of you, as many as 15!). Thank you for being a part of this journey!
Also in this newsletter you will find an update from the
Red Cross. This is part of our ongoing commitment to
report back on use of proceeds from the #YMMFireFund (supporting organizations addressing the critical needs of Fort McMurray).
Good Done Great Expands Canadian Services
With Purchase of B Corp, DVI
About the DVI acquisition by Good Done Great
For more information or for media requests please contact: firstname.lastname@example.org.
Charleston, SC and Calgary, AB - March 7, 2017 -
Good Done Great, an innovative
Benefit Corporation (B Corp) dedicated to revolutionizing individual and corporate philanthropy, announced today the purchase of Dexterity Ventures Inc. (DVI). DVI is a Canadian B Corp focused on the creation of business to business donation tools for small to medium sized enterprises that want to incorporate giving and social good into their products and online presence.
"As one of the pioneers of charity big data, DVI has spent the last seven years building technology to harness this information and put the power of strategic giving into the hands of every day North Americans," said Gena Rotstein, CEO and founder of DVI. "We are very excited about the private sale to Good Done Great as they share our same values and desire to fundamentally change the way people think about their giving."
The purchase will add further momentum to Good Done Great's ambitious efforts to expand the ways individuals and companies alike do good. By incorporating DVI's award-winning Give_API Good Done Great will seamlessly offer the Canadian market its catalogue of corporate and individual giving solutions along with its outstanding customer service. Charitable allocations from Canadian donors on the Good Done Great system will be processed in partnership with The Place2Give Foundation, the donor advised fund set-up by DVI to manage charitable transactions in Canada and US.
A Portfolio v. a Layer Cake approach to Philanthropy Planning
In previous posts I have talked about looking at your charitable giving from the perspective of a portfolio. A diversified a number of organizations within a "narrow giving theme" (i.e. access to water) allows you to see the impact of your donations through quantitative and qualitative analysis, with limited or no cross-pollination of information between the agencies. It also allows you to compare your funding results with other funders for donation performance (similar to how one would compare mutual funds).
Another approach is the Layer-Cake approach. Having a broader giving theme and layering organizations and projects on top of each other so that they feed into one-another. In a way it allows you to leverage your donation (time, talent, treasures or ties) through all the organizations that you support.
One example is a foundation I recently helped establish - Silver Gummy Foundation approached their giving in this manner. The founder of this private foundation is focusing her impact around sexual identity, gender issues and masculinity. Her long-term vision is to push the needle on domestic violence rates and negative gender imaging in the next generation of kids moving through the school system.
In partnership with Sage Financial - Raymond James
#YMMFireFund Update -
Red Cross Use of Proceeds
Red Cross Update: Small Businesses Receive Second Phase of Financial Assistance after the Alberta Wildfires
The funds directed to the Red Cross through Place2Give have been allocated to their small business program. We felt that the direct support to individuals was being adequately covered by the various levels of government and other organizations.
More than 1,600 eligible small businesses are receiving financial assistance after the second phase of the Canadian Red Cross Support to Small Business Program.
Thanks to the generosity of Canadians, the Red Cross committed $30 million, including matching funds of $15 million from the Government of Alberta, to the Support to Small Business Program. The program, which has now completed the second of three phases, provides financial relief for small business owners, tradespeople and sole proprietors who have suffered uninsured, financial loss as a result of the 2016 Alberta fires.
"Small businesses are an essential part of a community's heart and soul, and are vital for recovery after a disaster. By providing employment and offering services, the presence of small businesses helps to restore normalcy and a sense of togetherness. Thanks to the generosity of Canadians, the Red Cross is able to provide this unprecedented level of support to small businesses in the Regional Municipality of Wood Buffalo." - Jenn McManus, Canadian Red Cross Vice President, Alberta and Northwest Territories