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Tag: generosity

  • 2024 World Happiness Rankings: USA Falls Out of Top 20, Youngest Hit Hardest

    2024 World Happiness Rankings: USA Falls Out of Top 20, Youngest Hit Hardest

    What are the top 20 happiest countries in the world? How do mental health and well-being trends look in the United States and Canada? The 2024 World Happiness Report is in!


    The World Happiness Report is a research initiative to compare happiness levels between different countries.

    The project first launched in 2012, surveying more than 350,000 people in 95 countries asking them to rate their happiness on a 10-point scale.

    Each year they release a new report and the 2024 full report was just published a few weeks ago. There are some interesting findings in it that are worth highlighting.

    First let’s look at the happiness rankings by country.

    Top 20 Happiest Countries

    Here are the top 20 happiest countries in 2024 according to the report.

    The scores are on a scale of 1-10. Each participant was asked to think of a ladder, with the best possible life for them being a “10” and the worst possible life being a “0.” They were then asked to rate their current lives. The final rankings are the average score for each country.

    (By the way, this simple test for measuring subjective well-being is known as the “Cantril Ladder,” it’s a common tool used in public polling especially the Gallup World Poll.)

    The results:

      1. Finland (7.741)
      2. Denmark (7.538)
      3. Iceland (7.525)
      4. Sweden (7.344)
      5. Israel (7.341)
      6. Netherlands (7.319)
      7. Norway (7.302)
      8. Luxembourg (7.122)
      9. Switzerland (7.060)
      10. Australia (7.057)
      11. New Zealand (7.029)
      12. Costa Rica (6.955)
      13. Kuwait (6.951)
      14. Austria (6.905)
      15. Canada (6.900)
      16. Belgium (6.894)
      17. Ireland (6.838)
      18. Czechia (6.822)
      19. Lithuania (6.818)
      20. United Kingdom (6.749)

    The top 10 countries have remained stable over the years. As of March 2024, Finland has been ranked the happiest country in the world seven times in a row.

    There was more movement in the top 20 rankings. Most notably, this is the first year that the United States dropped out of the top 20 (from rank 15 to 23 – an 8 place drop).

    More alarming are the age gaps in happiness reports. In both the U.S. and Canada, those above the age of 60 report significantly higher rates of happiness than those below 30.

    Above age 60, the U.S. ranks 10 overall on the world happiness rankings. Below age 30, the U.S. falls to rank 62, just beating out Peru, Malaysia, and Vietnam.

    Could this be a sign of a continuing downward trend in places like the U.S. and Canada?

    Potential Factors Behind Life Evaluation

    How to measure happiness is always a controversial topic.

    To this day, psychologists and social scientists don’t really have a reliable way to determine happiness besides simply asking someone, “How happy are you?”

    However, the World Happiness Report attempts to take the above findings and break them down into six main factors that contribute to overall life evaluation on a societal level.

    These factors don’t influence the final rankings, they are just a way to make sense of the results:

    • GDP per capita – A general measure of a country’s overall wealth.
    • Life expectancy – A general measure of a country’s overall health.
    • Generosity – The level of a country’s trust and kindness through charity and volunteering.
    • Social support – The level of a country’s social cohesion and community.
    • Freedom – The level of a country’s freedom to live life as a person sees fit.
    • Corruption – A general measure of government competence and political accountability.

    Each factor helps explain the differences in overall happiness between countries, with some countries performing better in certain areas over others.

    One benefit of this model is that it looks beyond GDP (or “Gross Domestic Product”) which has long been the overall benchmark for comparing countries in the social sciences. The U.S. has the highest GDP in the world and frequently ranks in the top 10 per capita, but the happiness rankings show there is more to the picture.

    Conclusion

    The World Happiness Report is a good guideline for comparing happiness and well-being between different countries. How does your country rank? It will be interesting to see how these rankings change over the next few years, do you have any predictions?


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    Steven Handel

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  • Giant Recreation World Breaks Record With $45,897 Donation to National Veterans Homeless Support

    Giant Recreation World Breaks Record With $45,897 Donation to National Veterans Homeless Support


    Giant Recreation World, a leading provider of RVs and camping essentials, is set to make history with the largest single donation ever presented to the National Veterans Homeless Support (NVHS). The remarkable sum of $45,897 has been raised by the passionate members of the VIP Camping Club throughout the year, marking a significant milestone in the company’s commitment to supporting veterans in need.

    The VIP Camping Club, comprised of avid camping enthusiasts, has been conducting fundraising efforts at their bi-monthly VIP Campouts and annual customer rallies. This year’s customer rally, held at the Camp Margaritaville RV Resort, saw an unprecedented turnout of over 600 attendees. The collective generosity of the club members has enabled Giant Recreation World to contribute an unparalleled amount to NVHS.

    “We are immensely proud of our VIP Camping Club members for their unwavering commitment to supporting our veterans,” said Mica Gratton, VIP Club Director at Giant Recreation World. “This donation to the National Veterans Homeless Support is a testament to the compassion and generosity of our community. It is an honor to be able to make a meaningful impact on the lives of those who have served our country.”

    Caroline Milne and Tori Starr from the Camp Margaritaville Sales & Marketing Team will join Giant Recreation World in presenting the check to NVHS. Their contribution of $2,370, raised through community efforts, further emphasizes the collective dedication to making a positive difference in the lives of veterans.

    About National Veterans Homeless Support: National Veterans Homeless Support (NVHS) is a nonprofit organization founded in 2008 by George Taylor Sr. and friends who were passionate about helping homeless veterans in their community. The organization is now run by George Taylor Jr. and his wife Jennifer Taylor, who have since evolved its mission to eliminate homelessness among veterans in Central Florida by providing street outreach, housing assistance, and transitional housing facilities. NVHS has achieved a remarkable 90% reduction in the homeless veteran population in Brevard County from 1,800 in 2008 to less than 200 in 2023. 

    “We are grateful for the continued support of organizations like Giant Recreation World and the VIP Camping Club. Their dedication to our cause has a profound impact on the lives of veterans,” said George Taylor Jr., President of National Veterans Homeless Support.

    The presentation ceremony will take place at Giant Recreation World RV Dealership in Winter Garden, FL on 1/30/2024 at 11 am, providing an opportunity for media coverage and community members to witness the positive impact of these generous contributions.

    Source: Giant Recreation World



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  • Past, Present, and Future: Lessons from A Christmas Carol

    Past, Present, and Future: Lessons from A Christmas Carol

    From ‘Bah, humbug!’ to redemption: Charles Dickens’ ‘A Christmas Carol’ unfolds as more than just a festive fable, offering profound insights into self-discovery, kindness, and rewriting one’s life story.


    Charles Dickens’ timeless classic, “A Christmas Carol,” isn’t just a heartwarming tale of holiday spirit; it’s a profound exploration of human psychology and the power of personal transformation.

    Many of us have heard the story before through countless movie and TV adaptations, especially the infamous Scrooge, whose name has now become a common insult toward those who fight against the holiday spirit of joy, kindness, and charity.

    If you’re interested, you can read the original 1843 novella A Christmas Carol for free at Project Gutenberg. There are also many free audiobooks you can find and listen to.

    The story opens the day before Christmas with Ebenezer Scrooge at work, a strict businessman who is described as miserable, lonely, and greedy, without any close friends or companions. His nephew visits, wishes him a cheerily “Merry Christmas!” and invites him to spend dinner with his family, but Scrooge rudely brushes off the kind gesture and responds with his trademark phrase “Bah humbug!”

    Scrooge’s cynical and negative attitude is on full display in the opening chapter. “He carried his own low temperature always about with him.” In one instance where he is asked to donate money to help the poor, the wealthy Scrooge asks, “Aren’t there prisons? Aren’t there workhouses?” and then complains about the “surplus population.”

    It’s clear that Scrooge’s only concerns and core values in life are money and wealth. If it doesn’t help his profits or bottom line then he doesn’t care about it, especially the well-being of others which he claims is “none of his business.”

    The archetype of Scrooge is more relevant today than ever, especially in our corporatized world where rich elites isolate themselves from the rest of society while income inequality, crime, and economic woes continue to rise for the average person. Dickens observed early signs of increased materialism, narcissism, and greed almost two hundred years ago, but these unhealthy instincts have only grown rapidly since then. Social media has particularly warped people’s perceptions of wealth, status, and fame, which has in turn blinded us to many other important values in life.

    In many cases people like Scrooge live lonely and miserable lives until they die, clinging to their money as they are lowered into their graves. However the story of “A Christmas Carol” provides hope and inspiration that people can change their paths in life if they are given the necessary insight and wisdom.

    As the well-known tale goes, Scrooge is haunted by 3 benevolent spirits on consecutive nights (The Ghosts of Christmas Past, Present, and Future), each teaching him an essential lesson on what really matters in life.

    This breakdown of past, present, and future creates a complete picture of one’s life. It’s a powerful framework to spark self-growth in any person. Once we reevaluate where we’ve been, where we are, and where we want to go, we have a much clearer idea on what the right path forward is.

    Keep in mind you don’t need to be religious to reap the benefits of this story. Its lessons are universal. While there are supernatural and spiritual elements, the wisdom is real and tangible.

    Introduction: The Ghost of Marley

    Before Scrooge is visited by the three spirits, he encounters the ghost of his former business partner Marley who had died seven years ago.

    The ghost of Marley is shown to be in a type of purgatory, aimlessly roaming the town, entangled in many heavy chains with cash-boxes, keys, padlocks, ledgers, deeds, and heavy purses made out of steel, representing a lifetime of greed and selfishness:

      “I wear the chain I forged in life,” replied the Ghost. “I made it link by link, and yard by yard; I girded it on of my own free will, and of my own free will I wore it. Is its pattern strange to you?”

      “Or would you know,” pursued the Ghost, “the weight and length of the strong coil you bear yourself? It was full as heavy and as long as this, seven Christmas Eves ago. You have laboured on it, since. It is a ponderous chain!”

    The ghost lets Scrooge know that his actions have far-reaching consequences too. He will suffer a similar fate if he doesn’t change his ways, but there’s still hope for redemption! He then leaves, announcing to Scrooge that he will soon be visited by three spirits that will guide him to a better path.

    Marley’s ghost serves as a warning, but also a sign of hope.

    The Ghosts of the Past: Forgiving Your Former Self

    Scrooge’s first encounter is with the “Ghost of Christmas Past,” who serves as a poignant reminder that we must confront our history to understand our present.

    The Ghost of Christmas Past transports Scrooge through various memories he had as a child and young adult, showing his psychological development over time.

    The first scene brings Scrooge back to his childhood town, where he is immediately rushed with feelings of nostalgia, cheerfulness, and joy. These positive memories depict a very different Scrooge from present, revealing his once optimistic and hopeful disposition. What happened to him since?

    The memories begin to grow darker. Multiple scenes show Scrooge spending Christmas alone as a young child, one time being left by himself at boarding school while his friends were celebrating the holidays with family, and another time sitting solitarily by the fire reading. Scrooge begins to shed tears and show sympathy toward his former, abandoned self.

    One of the most pivotal memories is when young adult Scrooge is speaking with his past lover. She notices a fundamental change in him that has become a dealbreaker in their relationship.

      “You fear the world too much,” she answered, gently…”I have seen your nobler aspirations fall off one-by-one, until the master-passion, Gain, engrosses you…”

    She sees that money has become Scrooge’s God which he puts above all other values, including love. The young woman continues…

      “Our contract is an old one. It was made when we were both poor and content to be so, until, in good season, we could improve our worldly fortune by our patient industry. You are changed. When it was made, you were another man.”

    Here we begin to see Scrooge’s hardening into the man he is in the present.

    His pursuit of wealth as his main source of comfort and satisfaction has damaged his relationship beyond repair. The lover sees no other option but for them to go their separate ways. The memory deeply pains Scrooge and he cries out for the ghost to show him no more.

    In truth we are all a product of our past, including our environment and the choices we make in life. Scrooge has clearly gone through hardships and taken wrong turns that have influenced where he finds himself today; but it’s not too late.

    The Ghost of Christmas Past forced Scrooge to remember events that he had long forgotten, neglected, or ignored because they were too painful to think about. While these old memories cannot be altered, you have to accept your past, be honest with yourself, and forgive yourself if you want to learn, grow, and change for the better.

    One of the main lessons here is that you need to take responsibility for the past before you can take power over the future. Scrooge is suffering, but he’s learning.

    Making the Most of the Present: Opportunities for Joy and Kindness

    Scrooge’s next encounter is with the “Ghost of Christmas Present,” who teaches Scrooge all the opportunities for good that cross his path every single day.

    The spirit is colorfully dressed with holly, mistletoe, berries, turkeys, sausages, oysters, pies, puddings, fruit, and punch surrounding him, a representation of the simple pleasures in life we can all learn to appreciate, savor, and be grateful for.

    First, the Ghost of Christmas Present takes Scrooge for a walk outside in the town during Christmas Day, observing all the happiness, zest, and cheer overflowing through the streets. Everyone from all backgrounds is enjoying the festivities.

    When two people bump into each other and start a small fight, the ghost sprinkles a magical substance on them which instantly ends the argument and brings both back to a more joyful demeanor.

      “Once or twice when there were angry words between some dinner-carriers who had jostled each other, he shed a few drops of water on them, and their good humour was restored directly. For they said, it was a shame to quarrel upon Christmas Day. And so it was! God love it, so it was!”

    On Christmas, all fights are optional.

    The ghost then leads Scrooge to the home of Bob Cratchit, his current employee who he often treats poorly. Here Scrooge is introduced to Bob’s sick and disabled son Tiny Tim, who despite his illness is still excited to spend holiday time with the family. The poor family makes the most of the limited food and time they have together, including a fake “goose” dinner made out of apple sauce and mashed potatoes.

    Scrooge looks on in sympathy and wishes he could do more to help them. He asks the spirit about the current state of Tiny Tim’s health:

      “Spirit,” said Scrooge, with an interest he never felt before, “tell me if Tiny Tim will live.”

      “I see a vacant seat,” replied the Ghost, “in the poor chimney-corner, and a crutch without an owner, carefully preserved. If these shadows remain unaltered by the Future, the child will die.”

    In another scene, Scrooge is transported to the home of his sister’s family, the same party his nephew invited him to the previous day. Everyone in the household is enjoying the Christmas holiday while singing, dancing, and playing games. Several times Scrooge is brought up in conversation and everyone can only laugh and shrug at Scrooge’s relentless misery and gloom.

      “A Merry Christmas and a Happy New Year to the old man, whatever he is!” said Scrooge’s nephew. “He wouldn’t take it from me, but may he have it nonetheless. Uncle Scrooge!”

    Scrooge knows that these events and perceptions by others are part of his own doing.

    At every turn, Scrooge denies taking advantage of daily opportunities for happiness, including rejecting a group of children singing carols, responding rudely to acquaintances (“Bah humbug!”), and refusing to give to charities or help others when it’s fully in his power.

    These events are small, but they build up over time. Whenever Scrooge is given a choice between kindness vs. coldness, he chooses to be cold. After enough tiny social interactions, Scrooge has cemented his reputation around town as being the miserable miser.

    Can he still change it?

    The Shadows of the Future: Shaping Tomorrow Today

    The final spirit Scrooge meets is the “Ghost of Christmas Yet to Come” or the “Ghost of Christmas Future.” This ghost blends in with the darkness of the night, wearing a long black robe that covers their entire face and body, except for a boney hand it uses to silently point.

    The ghost begins by showing men on the streets joking and laughing about someone who has just passed away. At a pawn shop, robbers are selling stolen property they recently seized from the dead man’s estate, saying it’s for the best since the items will no longer serve any use to him. Scrooge, perplexed by the meaning of these scenes, intently watches on. Another man jokes:

      “It’s likely to be a very cheap funeral, for upon my life I don’t know of anybody to go to it.”

    Scene by scene, people show ambivalence toward the death. Scrooge grows frustrated and asks:

      “If there is any person in the town who feels emotion caused by this man’s death, show that person to me. Spirit, I beseech you!”

    Now they see a family that was in debt to the dead man, and they are feeling humble gratitude and quiet glee that they no longer have to worry themselves about such an evil creditor:

      “Yes. Soften it as they would, their hearts were lighter. The children’s faces, hushed and clustered round to hear what they so little understood, were brighter; and it was a happier house for this man’s death! The only emotion that the Ghost could show him, caused by the event, was one of pleasure.”

    Already having suspicions on who this man is, Scrooge begs the ghost to finally reveal where his future lies. The ghost travels to a graveyard and points at a tombstone that upon inspection reads: Ebenezer Scrooge

    Scrooge’s heart sinks. Next it’s shown that Tiny Tim hasn’t recovered from his illness and has also passed away, and at such a young age. Feeling completely hopeless at this point, Scrooge desperately begs:

      “Answer me one question. Are these the shadows of the things that Will be, or are they shadows of things that May be, only?”

      “Men’s courses will foreshadow certain ends, to which, if persevered in, they must lead. But if the courses be departed from, the ends will change. Say it is thus with what you show me!”

    As long as you’re alive and breathing, you have the power to change.

    When we think about death, it puts everything about life into perspective. Our time is finite in this world and we must make the most of it without being distracted by trivialities and lesser values. If you were laying on your deathbed right now, what would your main regrets be?

    When Scrooge reflects on his own death and what influence he’d leave on the world, it shakes him at his core – but also transforms him.

    The Power of Redemption: Transforming Scrooge’s Tale into Our Own

    After the visitations of the three ghosts, Scrooge wakes up a changed man ready to start his new life. He rises from bed excited, hopeful, and giddy that he’s still alive and still has a chance to change his current course.

    Upon finding out it’s still Christmas Day, he buys a prize turkey to send to the Cratchit family and begins giving generous amounts of money to children and the poor. He continues to walk around the town square, giving everyone warm greetings and a hearty “Merry Christmas!”

    When he sees Bob Cratchit the next day at work, he immediately gives him a raise in salary and promises to take care of Tiny Tim and assist the family in anyway possible. He becomes a lifelong friend to the family.

    This sudden change in Scrooge’s behavior confused the townsfolk at first, including many who made fun of this rapid transformation that was so uncharacteristic of Scrooge. But these words and gossip didn’t bother him:

      “Some people laughed to see the alteration in him, but he let them laugh, and little heeded them; for he was wise enough to know that nothing ever happened on this globe, for good, at which some people did not have their fill of laughter[…] His own heart laughed: and that was quite enough for him.”

    At its core, “A Christmas Carol” is a story of redemption and heroism. Scrooge’s journey from miserly recluse to benevolent samaritan exemplifies the human capacity for change.

    By reflecting on his past, present, and future self, Scrooge discovered the best path forward – a process that applies to all forms of self-improvement.

    This story has insightful lessons that can apply to anyone’s life, no matter what situation they find themselves in. We can’t change the past chapters, but we can change how our story ends.

    Never forget you have the power to rewrite your life story at any time.


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    Steven Handel

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  • An Entertainment/Events Industry Vet’s 3 Pillars of Success | Entrepreneur

    An Entertainment/Events Industry Vet’s 3 Pillars of Success | Entrepreneur

    After four decades of triumph in the entertainment, media and events industries, as well as a few slings and arrows, J. B. Miller finds himself more ambitious and optimistic than ever about the success potential for events and other experiential storytelling to drive growth, progress and change. President and CEO of Empire Entertainment, he is an Emmy Award-winning executive producer who has created, produced and overseen the production of thousands of major corporate, nonprofit and private events for clients like Google, Time, Microsoft, The Walt Disney Company, Samsung, SONY, American Express and Viacom.

    Related: 3 Books to Help Business Leaders Discover Innovation and Growth

    We grabbed a rare moment of free time in Miller’s schedule to ask about some defining aspects of success and endurance. Here, in his words, are the most pivotal.

    1. Stay curious about everything

    I have found that there’s a huge value and a certain joy to remaining curious about the world. I enjoy reading and consuming news and information from a wide variety of sources. This not only helps me stay current and up to date on new ideas and influences but also cultivates an evolutionary mindset, as well as discipline. Being constantly immersed in what is new and next and taking pleasure in attaining new knowledge helps me and my team be more confident in going outside of accustomed zones. With familiarity comes comfort — and when you get out of your comfort zone, you’re able to break new ground, try new things, challenge yourself and do old things in new ways with new collaborators. Curiosity is a cornerstone of growth.

    Related: Curiosity Didn’t Kill the Cat! How Curious Leaders Keep Your Business Agile.

    2. Acknowledge that karma is real

    People think that when you’re busy, you have to cut out extraneous activity and focus on profit and progress. I have found that being generous with time and attention, doing favors when there’s no immediately apparent quid pro quo, greenlighting things you might otherwise pass on, giving people a shot and just being nice to them — whether they are in a position to help you or not — yields enormous returns. Small acts of goodwill often give rise to unexpected benefits. So, do favors, and enjoy doing them without any expectation of return; you may find that the world returns them regardless.

    Related: This High-Flying Sports Agent Recently Closed the Largest Deal in Red Sox History. Here Are His Top 2 Success Tips.

    3. Cultivate a database reservoir: become a learning organization

    I am a compulsive collector of information and love to create systems that help me recall and leverage it in my work. Throughout my professional career, I have built databases of contacts, resources, useful documents, discoveries and processes — and have put them to work in active, relational databases that allow me and my team the benefit of an ever-increasing knowledge base. Today, we apply these troves of resources and contacts in ways I never could have imagined, and that’s the point: You never know what or who you are going to need until a need arises. When it does, it’s magic to be able to deploy a critical mass of resources.

    Related: Rethinking Database Management: From Legacy To Decentralized Database Solutions

    Robert Tuchman

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  • Justin Bieber Introduces Generosity, New Sustainable Water Technology Company

    Justin Bieber Introduces Generosity, New Sustainable Water Technology Company

    By Brent Furdyk.

    Justin Bieber is ready to satiate fans’ thirst in a sustainable, environmentally friendly way.

    Last week, Bieber and business partner Micah Cravalho visited Quatar in the midst of the FIFA World Cup festivities, where they introduced their new water technology company, Generosity.

    An offshoot of their Generosity bottled water brand, reports CNN, the new project aims to offer premium alkaline water in refillable fountains located worldwide


    READ MORE:
    Judge Judy Claims Former Neighbour Justin Bieber Was ‘Scared To Death’ Of Her

    During their visit to the World Cup, the duo showcased 150 fountains in order to provide an example of how Generosity works.

    “I want the world to have access to the best water. I also want countries to know how to best protect their people. The overuse of plastic is hurting us, we need to be more sustainable,” Bieber explained.

    While the result is fresh, clean water, the aim is to reduce the use of single-serve plastic containers.

    “We aspire to be the global leader in water technology, empowering consumers with refillable products as an alternative to single-use packaging,” said Generosity co-founder Cravalho.

    During their trip, Bieber and Cravalho met with Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, sister of Qatar’s emir.


    READ MORE:
    Report: Justin Bieber Is Distancing Himself From Kanye West After Trolling Wife Hailey, Says West Crossed The Line 

    “Having participated in beach clean-up efforts in Qatar for many years, I have witnessed first-hand the effect of pollution on our natural environment,” she said in a statement. “Through initiatives such as those undertaken by Generosity and the Supreme Committee, and projects such as the FIFA World Cup Qatar 2022 Art water bottles, which bring together the global artistic community to advocate for a more sustainable future, we are all encouraged to play our part during the World Cup and beyond.”

    Brent Furdyk

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  • This startup raised $3.7M to let anyone donate stocks and ETFs with a free personal charitable foundation

    This startup raised $3.7M to let anyone donate stocks and ETFs with a free personal charitable foundation

    Y Combinator-backed Charityvest is expanding access to a special category of charitable giving accounts known as donor-advised funds, offering free accounts for individuals and powering easy to use workplace giving charitable match programs for employers. On Giving Tuesday, the company will launch zero-fee stock contributions, allowing anyone to donate stocks and ETFs to their personal charitable foundation, from any brokerage, for free. The venture recently raised $2.3M of Seed investment, bringing its total capital raised in 2020 to $3.7M.

    Press Release



    updated: Nov 19, 2020

    ​​​​​​Vennfi, the financial technology company for tax-exempt payments, announced its close of a $2.3M Series Seed fundraise. The round was led by seasoned fintech investor Tom Blaisdell, formerly of DCM Ventures. Teamworthy Ventures, Duro.vc, Sovereign’s Capital, and Promus Ventures participated in the round, alongside several return backers and new mission-aligned funds and individual investors. In total, the venture will have raised $3.7M over the last 9 months.

    The company’s flagship platform, Charityvest, lets anyone instantly create a tax-deductible charitable giving account, known as a Donor-Advised Fund (DAF), which acts like a personal charitable foundation. Users can make tax deductible contributions of cash, stock, or cryptocurrency to their fund, direct donations at any time to over 1.4M nonprofits in the US from their fund balance, send gifts of charitable money to friends and family, and keep track of all of their giving activity with a single consolidated tax receipt.

    Additionally, the platform helps companies automatically match their employees’ charitable giving with smart budgets and compliance tools. The corporate matching offering, called Charityvest for Workplaces, has been adopted by dozens of organizations and thousands of employees since it was publicly announced at Y Combinator’s Summer 2020 demo day in August. Employers can launch a charitable matching program in minutes and employees appreciate the easy to use, flexible interface.

    On Giving Tuesday (December 1, 2020), Charityvest will launch zero-fee stock contributions, allowing users to make donations of appreciated publicly-traded stocks and ETFs, directly to their fund, from any brokerage. Donating appreciated stock has substantial tax advantages – mostly through the avoidance of capital gains taxes, and the consequential larger charitable income tax deduction – that result in more funds being available for giving to charities.

    ​“Charityvest’s zero-fee stock giving feature is the first of its kind, enabling both individual donors and employees of companies that use Charityvest to make a tax-deductible gift of securities to their fund, and use the cash proceeds to support one or more charities with just a few clicks,” said the company’s CEO Stephen Kump. “With financial markets at all-time highs, we see stock giving as a highly efficient way to intentionally set aside financial resources for generosity.”

    Charityvest uses donor-advised funds (DAFs), which have traditionally been marketed to wealthy donors. The platform has dramatically reduced the complexity and cost of DAFs, and offers its funds with zero fees and low contribution and grant minimums – only $20 to get started. Since Charityvest’s launch, two major incumbent DAFs – Fidelity Charitable and Schwab Charitable – have also lowered their minimums.

    “Being generous makes people happier, and Charityvest makes being generous easier,” said lead investor Tom Blaisdell. “This is yet another example of taking a financial vehicle – donor-advised funds, in this case – widely used by wealthy families and individuals to simplify and amplify their charitable giving, and applying technology to make it simple and inexpensive enough for everyone to take advantage of it. I’m excited to be involved in helping Charityvest make the world more generous.”

    Contact:
    ​Ashby Foltz
    media@charityvest.org

    Source: Vennfi

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