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Philanthropy as a service

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Philanthropy as a service (PHaaS) is a type of philanthropy in which charitable giving is managed through technology and donor-advised funds.[1]

Overview

Typically, corporate giving is a centralized function, controlled directly by a CEO or a small foundation team of the organization.[2][3]

The application of philanthropy as a service helps decentralize corporate giving by engaging employees and stakeholders, and empowering donors of any size.[4] It is a software service that facilitates individuals to partake and structure charitable giving, without relying on other parties in an organization. The service providers offer charitable fundraising tools and administrative services as an employee benefit. They set up personal funds for employees in which the employees can put a percentage of their paycheck. As a result, employees are able to contribute to charities and causes of their choice, with employers providing tax-advantaged matching funds.[5][6]

References

  1. ^ Hudson, Caroline (January 26, 2022). "CEO at local fintech firm talks 'generosity trend,' what's next for 2022". www.bizjournals.com. Retrieved 15 March 2022.
  2. ^ Staff (23 November 2013). "Leading Corporate Philanthropy". Council on Foundations.
  3. ^ Resources (22 April 2019). "Corporate Social Responsibility: More than the "right thing to do"". philanthropyjournal.com.
  4. ^ Staff (6 December 2021). "LABJ Insider: A Meaningful Gift for Companies to Engage Their Teams". Los Angeles Business Journal.
  5. ^ Staff (2 December 2021). "Groundswell Raises $10M for its Philanthropy-as-a-Service Platform that Decentralizes Employee and Employer Giving". LA TechWatch. Retrieved 15 March 2022.
  6. ^ Rylah, Juliet Bennett (9 December 2021). "What's philanthropy as a service?". The Hustle.


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