Pledge Announces $100,000,000 Donations Raised for 50,000+ Nonprofits After Record Growth, Despite Economic Forecast
LOS ANGELES, Oct. 17, 2023 /PRNewswire/ -- Pledge, the award-winning charitable fundraising platform, backed by Maven Ventures, Zoom Ventures, Designer Fund, the Chainsmokers's Mantis Ventures, and prominent angels including Randi Zuckerberg and Bill Tai, today unveiled that is has reached the milestone of raising over $100,000,000 for more than 50,000 nonprofits and charities around the world.
- Since the beginning of 2020, donations have grown 300% through Pledge's fundraising platform to over 10,000 microdonations daily.
- Credit card fees on charitable donations are valued at an estimated $10B worldwide, which Pledge believes should be redirected toward solving the world's most pressing causes.
- By absorbing these transaction costs, Pledge aims to maximize the impact of every dollar donated, ensuring that more resources reach the intended beneficiaries.
- A minimum of 1% of all purchases from rhode are donated to the brand's charitable arm, the Rhode Futures Foundation , powered by Pledge.