My first thought upon seeing this was: who pays the other $10? The [not-so] small print below today’s Groupon says that it’s paid for by Groupon (and sponsors). Up to $500,000 of the $800 million to $2 billion in revenues the Chicago-based startup will reportedly take in this year.
That’s a hefty write-off donation for most, and possibly a perk for some Groupon sponsors, and a nice, lucky penny pitched into the pond by a company that allegedly turned down a $6 billion or so buyout offer from Google earlier this month.
Billions in revenue. Huge numbers. It’s important to note how individuals and corporations choose to spend their philanthropic capital and I really like the way Groupon does it here: Empowering regular people to give by subsidizing our donations. I’m sure Groupon wishes it could boast about the kind of repeat transactions that a Kiva.org — where the average user has made 6.5 loans — and what better way to grow it’s community during the holiday giving season by encouraging the habit of giving (or lending) while otherwise luring subscribers to habitually consume on first site of bargain.
Last month, a Kiva.org Grouponraised lead to $100,000 in microloans and Oprah Winfrey promoted Kiva to her audience (for her part, Winfrey was the most charitable celebrity of 2009 with $40 million in donations to various charities, according to The Giving Back Fund. Today’s Kiva Groupon was trumped by a DonorsChoose coupon, which was 60 percent subsidized by the Pershing Square Foundation ($10 for $25). Last May, Groupon and Pershing Square teamedup with DonorsChoose to raise $1 million in funds for public school classrooms in need.
Last week, 17 billionaires, including Steve Case, Mark Zuckerberg, Bill and Melinda Gates, Warren Buffet, Michael Bloomberg and Carl Icahn, announced their intention to give the majority of their wealth to charity — the Giving Pledge.
In an age where it’s so easy to set examples — for better and worse — it’s comforting to see more and more bold acts of goodwill.
Please click here to visit my razoo.com fundraising page or use the widget at right.
Online fundraising platform Razoo launched a new DonateAnywhere widget this month and I’m excited to be selected to the #ZooGooder team of a dozen or so chosen to lead a series of discussions on fundraising in the digital age of social media.
In addition to these weekly chats, I chose to raise funds for One Economy Corporation with a goal of raising $8,000 by the end of the year. Not an easy choice given the breadth of my endeavors and pet projects and the 1.5 million or so fundraising causes listed on razoo.com. But after much internal deliberation and debate (and cross-research on sites like Charity Navigator) I decided that One Economy will have the most effective global reach with the money I raise as part of the #zooGood campaign. One Economy brings broadband into low-income households and builds and maintains virtual and physical community centers to provide underserved communities the training and tools needed to leverage the internet for information and local resources on education, jobs, health care and other vital issues.
More about One Economy in the video below:
This is a cause that I have long been passionate about and I am thrilled to have the opportunity to focus on it more publicly in the coming months. One Economy Corp is a top (4-star) rated charitable organization according to Charity Navigator and it has been expanding its geographic focus areas over its 10-years to cover the Middle East, Africa, and North America. More recently, One Economy launched PIC.tv, the Public Internet Channel website, which has boundless potential that I find very exciting as a long-time web producer and content creator myself.
So let’s see if we can hit $8,000 in two months, while helping to bolster One Economy Corp’s profile as a leading charitable protagonist for leveling the playing field, proliferating the spread of broadband and computer ed into underserved communities, and creating opportunities and local resources in cities and villages worldwide.
I’m dropping my first $10 in the bucket and you can too — the widget is on the right side of this blog. Your support is greatly appreciated – if you’d rather not donate money, thanks for reading this far and for your generous re-Tweet and/or Facebook share! You can also fan One Economy on Facebook and check out the Digital Connectors page (some of whom met recently with FCC chairman Julius Genachowski in SF).