06-13-2024 07:45 PM - edited 06-13-2024 07:57 PM
Program Overview: B to B Company supports nonprofits and organizations committed to expanding financial access and inclusion for BIPOC communities in the United States. Company also provides ad hoc grants in response to current events. Company does this through grants and donations and provides technical support and capacity building to grantee organizations. Company offers free products to qualifying nonprofits through a product grant program. Company is a member of Pledge 1%.
Mission: To close the racial wealth gap through supporting BIPOC financial inclusion in the United States, specifically increase access to traditional lending and home ownership.
Input |
Activity |
Output |
Outcome |
Impact |
Company 1% commitment with Pledge 1% Revenue Dollar Value committed to grants and donations Product Philanthropy team Product development team |
Strategic Grants Grants & donations provided to organizations Relationships managed by grant officers Participate in Pledge 1% programming |
$ of grants and donations # recipient organizations % of grant and donations aligned to strategic cause area # capacity-building workshops offered to grantees # individuals reached through funded programs |
Grantee satisfaction rating % report increased capacity to meet need/serve community # first-time homebuyers participating in grantee programs Data on US homeownership, lending and household wealth disaggregated by race |
Contribute to closing the racial wealth gap Increase BIPOC access to traditional lending Increase BIPOC homeownership |
Product grant program
|
$ value of donated product
|
% organizations reporting cost savings as a result of the product
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Nonprofits are able to focus more on their mission because this product makes their lives easier and more efficient |