As a positive evolution, social change initiatives are being mandated to show a positive return on investment, while at the same time, modern business investments have become increasingly difficult to successfully navigate. Social impact entrepreneurs and enterprises have a difficult time securing needed funding for start-up, growth and scale - limiting their ability to achieve positive impact.
Additionally, grants are not accessible in real-time and banks generally carry a 60% approval rate for business loans, causing entrepreneurs to look elsewhere. With the onset of high-intensity incubators and overlapping business models all vying for the same resources, competition for funding is fierce. Venture capital typically comes with significant strings attached including aggressive equity requirements, high penalties for unmet performance goals, and management oversight which could ultimately take control of the enterprise.
iCause Global Foundation (ICGF) was created to provide an alternative for social impact entrepreneurs and enterprises needing simple, affordable investment. Operating this vital foundation, while remaining lean, requires ongoing funding to enable it to continue and scale its important mission.
The Enabling Impact project supports ICGF’s innovative approach to circular philanthropy with the operational funds to work with social impact entrepreneurs, retain professional fundraisers, reach more donors, and to provide sophisticated vetting of projects to mitigate risk - all enabling ICGF to aid in solving more critical global challenges.
ICGF empowers donors to make tax-deductible donations that are loaned to social impact entrepreneurs and enterprises -- who in turn make significant impact at local and global levels. Funding the operations within ICGF enables the foundation to continue and grow, effectively creating jobs, saving lives and assisting with critical issues such as reducing poverty, empowering the poor, increasing access to health and education, and building social capital among vulnerable communities.
ICGF values sustainability, innovation, financial transparency, and operates with low administrative expenses.
Your tax-deductible donation will directly fund operational expenses that fund social impact entrepreneurs and social enterprises -- who in turn make significant impacts from local to global levels.
iCause Global Foundation (iCGF) is operating through a fiscal sponsorship with Players Philanthropy Fund (Federal Tax ID: 27-6601178), a Maryland charitable trust with federal tax-exempt status as a public charity under Section 501(c)(3) of the Internal Revenue Code. Contributions to iCGF are tax-deductible to the fullest extent of the law.
GET MORE DETAILS
For more generous donations, please email Stacie.Harrison@icause.com for account and routing information.