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How to Pledge 1% of Profit
There are a few different ways to donate profit and if you don’t have profits yet, you could instead consider donating a portion of revenue. If you don’t feel like 1% is the right amount for you, then give whatever feels right to you. Pledge 1% is very flexible—we recognize that our companies are at all different stages and have a variety of examples and ways for your company to give back. Click here to take the pledge.
Ways to Give Profit
Pledging profit can be a simple process. You can start by completing a Pledge Letter and a Gift Allocation Recommendation Form . Please note, this may differ depending on where your company is incorporated, as each country has it’s own regulations and requirements for giving profit.
Where Pledge 1% can help is by providing you with best practices on how and where to consider allocating those funds. In particular, we can help you determine:
How to best manage/distribute your funds. Most companies allocate funds through either a Donor Advised Fund (DAF) or via a private corporate foundation . There are pros and cons to both models. Here is a more detailed description of the differences between Donor Advised Funds and Corporate Foundations . We have preferred partners we can recommend to help you decide or to get started.
How to maximize your monetary donations by pairing with product and/or time donations. Many companies pair donation types together to help boost both the impact and employee engagement rates in their programs. If you are just starting out and don’t plan on giving funds until you see profit, giving time or product is a great way for you to engage your team and community until you can give profit.
Where to Start
When you join Pledge 1%, we’ll provide you with the appropriate guidance and paperwork for you to set up your profit donation program quickly and easily. Take the pledge to get started today!
Member Highlights: Profit Pledges
See a full list of companies who have pledged.
Pledge 1%