A reader, and prominent member of The Forum has encouraged me to start up a charitable giving arm of Saverocity We will start rolling things out on this shortly, and I wanted to have the opportunity to share some of the initial thoughts here, so I could gather some feedback from you, the people. Please share thoughts for improvement, potential pitfalls, etc in the comments.
We have a long term vision with some bigger projects involved, but they will take time to get off the ground, in the interim I thought the best way to get things moving in the right direction was through my credit card revenue. I have attempted to donate some (25%) revenue to charity in the past, but stopped as it didn’t quite feel right in terms of feedback. Hopefully this time will be different. I plan to donate 100% of my own credit card revenue to charity. Note that we don’t have all the cards, and they aren’t always the best offer, so do your homework!
We would like to pick two charities each quarter, and donate all credit card revenue equally at the end of that quarter. I thought it would be nice to select one established charity that many people know well, and one smaller charity that is more in a niche. The benefit of that is during the vetting process for selecting the new charity the people promoting it get a bit of free exposure too.
I am going to be looking for a bit of help we will need people to help shortlist charities for quarterly selection, and i’m going to also want to have someone audit me, by which I mean I show them my affiliate revenue earnings, and copies of checks and acknowledgement of receipt by the charity.
I had previously removed all my own credit card links from Saverocity, but have received a number of requests for using them, coupled with wanting to get things rolling on the charitable front I thought that I could bring them back in as an easy way to do some good. I’m a little overloaded with other things right now, but it seemed to me that a simple solution would be to take potential revenue stream and funnel it directly to a needy source. In the long run, should I be able to structure things properly (with more help!) we have discussed the notion of a wider ranging approach to giving, which will go further in scope than just these links.
Please let me know where you see ways to improve this, or any thoughts, good or bad about the idea. I guess we need a name too, I was toying with ‘Pimp for a Purpose’ but I’m sure that will offend someone, so if anyone can think above the age of a 4 year old, i’d gladly listen to that too. We will be discussing further in The Forum and your input is greatly appreciated.