Welcome!

News Feed Item

Bright Funds Reinvents Model For Charitable Giving; Launches Mutual Funds For Non-Profit Giving

OutServe founder aims to engage younger donors with research-backed, technology-driven donation platform

SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ -- Bright Funds, in conjunction with #GivingTuesday – the national day of giving – announced the public launch of its donation platform, which aims to dramatically change the way donors give to charity. Bright Funds intends to solve three primary problems faced by donors:

  1. Donors – especially Millennials – are frustrated by both the lack of an enjoyable giving experience and the lack of innovation in the charitable giving space
  2. Donors demand accountability in their dealings with nonprofits
  3. Donors increasingly care about the impact and outcomes of their donations.

(Logo: http://photos.prnewswire.com/prnh/20121127/SF18984LOGO)

Bright Funds enables donors to invest in "mutual funds" of the world's best nonprofits through an online technology platform that integrates seamlessly into social media and employee benefit systems.  Bright Funds members build a personalized portfolio of funds such as poverty, education and the environment. For example, a donor may allocate 60% of her portfolio to water and 40% to education, and in a single transaction of any amount, have her contribution evenly allocated among the carefully selected nonprofits in each respective fund.

Co-founder Ty Walrod said of the launch, "This is a game changing development in the donation process.  Donors can focus on causes, rather than individual nonprofits. Each of our funds addresses a significant global challenge, and our approach ensures that a contribution to one of our funds is an investment in a holistic, sustainable solution to a big world problem."  Walrod previously co-founded and built OutServe, the association of LGBT service members, which within just two years became one of the most influential LGBT organizations in Washington and the largest LGBT employee resource group in the world. Walrod was inspired to start Bright Funds after his experience with donors and lessons learned building OutServe.

According to Leila Janah, the Founder and CEO of Samasource, "Bright Funds combines the visibility of Mint.com with the trust of Vanguard into a single, great service improving the way we invest in nonprofits. Bright Funds has the potential to revolutionize the way we give." Janah is both an advisor to and investor in Bright Funds.

About Bright Funds: Founded in February of 2012 and based in San Francisco, California, Bright Funds is a better way to give, helping people direct their charitable giving to the causes they care about.  With Bright Funds, individuals and employees create personalized giving portfolios and contribute to thoroughly researched funds of highly effective nonprofits, all working to address the greatest challenges of our time.  In one platform, Bright Funds brings together the power of research, the reliability of a trusted financial service, and the convenience of centralized contributions and tax reporting.  Learn how you can invest in a better world at brightfunds.org, and follow @brightfunds on twitter.

SOURCE Bright Funds

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Japan DX Pavilion at @CloudEXPO Silicon Valley
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy. Bill has a very impressive background which includes ...
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure...
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions. New research shows that delivering on multicloud e...
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Most modern computer languages embed a lot of metadata in their application. We show how this goldmine of data from a runtime environment like production or staging can be used to increase profits. Adi conceptualized the Crosscode platform after spending over 25 years working for large enterprise companies like HP, Cisco, IBM, UHG and personally experiencing the challenges that prevent companies from quickly making changes to their technology, due to the complexity of their enterprise. An accomp...
Data center, on-premise, public-cloud, private-cloud, multi-cloud, hybrid-cloud, IoT, AI, edge, SaaS, PaaS... it's an availability, security, performance and integration nightmare even for the best of the best IT experts. Organizations realize the tremendous benefits of everything the digital transformation has to offer. Cloud adoption rates are increasing significantly, and IT budgets are morphing to follow suit. But distributing applications and infrastructure around increases risk, introdu...
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Moving to Azure is the path to digital transformation, but not every journey is effective. Organizations that start with a cohesive, well-planned migration strategy can avoid common mistakes and stay a step ahead of the competition. Learn from Atmosera CEO, Jon Thomsen about the opportunities and challenges found in three pivotal phases of the journey to the cloud: Evaluation and Architecting, Migration and Management, and Optimization & Innovation. In each phase, there are distinct insights tha...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
SUSE is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for the enterprise. Founded in 1992, SUSE is the world's first provider of an Enterprise Linux distribution.
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...