GIVING IS BROKEN…AND WE WANT TO FIX IT

  • – Invest2Donate is a non-profit charity that exists solely to help donors, because we believe donors have it tough, with little help to make smart giving choices easily. And after all, charity starts with donors.
  • -We want to make life easier for donors by helping them choose good charities and make recurring donations to them. In short, we want to create a new and better way to give: one based on donors being able to easily and securely initiate recurring giving, so the donations are not depleted by the high costs of asking.
  • – We are privately funded.

HERE’S WHY WE THINK THE CURRENT GIVING ENVIRONMENT IS BROKEN:

  • – there are over 55,000 registered charities (not to mention 600,000 +non-profits) in Australia;
  • – it’s confusing and there’s not much independent rating of charities that can help donors choose;
  • – there are charities that are good, some fat and flabby, and others downright fraudulent;
  • – so, inertia besets the donor;
  • – that’s why charities have to ask and ask;
  • – via events, mail, phone, in the street…;
  • – and asking campaigns are a very expensive way to attract donation funds;*
  • – if you do donate, you are asked even more;**
  • – this is lousy from a donor’s perspective; and
  • – most donors give one-off, not recurring, donations (Giving Australia Report 2016), resulting in charities incurring costs to continually re-ask.
  • For Donors it’s all TOO HARD WITH NO HELP!

 

OUR SOLUTION:

We want to create a new website that can:

  • -educate donors about this new, smarter way to give;
  • -provide donors with access to independent research to identify good charities;
  • -embed links so donors can give recurring donations DIRECT to those charities … minus the high “asking campaign” costs.
  • … and these are recurring donations over which donors have full control, online 24/7, through their own secure online banking.

HERE’S HOW YOU CAN HELP US GET STARTED

We are planning to raise funding to help us build our new website.

We will be looking to source $75,000 from 150 FOUNDATION SUPPORTERS… that’s $500 each… to finance the initial website build and set-up costs.

If you would like to learn more, please contact us here [email protected]

 

WE WANT TO GIVE DONORS A CHOICE… AND CHARITIES A NEW SOURCE OF DONATIONS

We hope soon to be able to give donors a choice.
  1. Wait to be asked by charities then donate, less the high costs of asking campaigns (phone/mail etc.); or
  2. Give ahead of being asked and give ahead into the future (via recurring donations that are fully controlled by the donor), costing the charity sector a fraction of the cost of asking campaigns.

 

*THE HIGH COSTS OF ASKING.

“A charitable foundation that claims “100% of all donations” go towards supporting children with cancer…passed on just 23%… in contributions over the past nine years. Max Middison,SMH 27 Jan, 2024 .

the effective proportion of donor funds that equates to the commission paid to fundraising agencies is approximately 20%.” –Report by Frost & Sullivan for the Australian Competition and Consumer Commission (ACCC). Nov 2017 – Research into the Commission-based Charity Fundraising Industry in Australia.                                                                                                               

“Who’s making money from your donation? … it’s rarely the actual non-profit charity that’s doing the calling, but rather a for-profit charity marketing firm whose revenue depends on getting people to donate.  It’s these for-profit firms, and these allegedly exploited workers, who are usually the ones calling to ask for money, not the charity itself.  It makes deciding whether or not to give that much harder.” -Choice Report “How to give to charity so your donation really counts. Our expert guide to giving generously. 15 January 2020.

“In 2022, the charity spent less than $6.2 million directly funding breast care nurses, but more than $9.5 million on fundraising and marketing.” Stephen Long, The New Daily, 4 Jan, 2024 Re McGrath Foundation Pink Test.

The fundraising agencies are typically remunerated based on successfully signing up a new donor to give regular monthly donations to the charity they represent. This payment usually takes the form of a multiple of the monthly donation acquired by the fundraising agency, which can range between 8 to 17 times the monthly donation. Whilst this payment to the fundraising agencies is made up-front by the charities, usually once the contract with the individual donor is signed, clawback features in contracts with the fundraising agencies typically allow charities to recoup the payment in the event of early cancellation by the donor, usually within the first three months. Donor attrition is a common and accepted fact in the industry, with most charities expecting to lose approximately 50% of new regular donors acquired within the first 12 months.”-Report by Frost & Sullivan for the Australian Competition and Consumer Commission (ACCC). Nov 2017 – Research into the Commission-based Charity Fundraising Industry in Australia.

** “…67% of people who made a donation as a result of an unsolicited call noticed that they received more calls from others asking for donations.  -CHOICE Report into Nuisance Calls 2016, Sep 2016, N=1,616 Australians.

 

 

 

 

Details of Invest2Donate’s board and corporate structure are set out below:

Invest2Donate is a public company limited by guarantee.

It is a registered charity established to operate as a non-profit for the purpose of improving the Giving Environment for donors and charities.

The Directors and Members of Invest2Donate are:

John Joseph Wakim
Founding Director and CEO

John started his career in law, but it was in financial advising that he made his biggest impact.

In a 25 year career with one of Australia’s major financial services success stories, ipac, John was one of its most successful Certified Financial Planners. His clients included corporate executives, entrepreneurs, personal injury compensation victims, and Charities. At different stages in the ipac journey, John’s roles included General Manager Financial Planning, and Director.

INVEST2DONATE is where John’s considerable financial planning expertise crossover with his desire to build a sustainable, not-for-profit, new way of giving, capable of delivering leveraged benefits to the community.

Ronald Sean Rahilly
Director

Sean is an experienced senior executive with 20 years’ experience in managing risks, controls and governance in investment banking, equities derivatives and wealth management. His focus has been on delivering practical and workable solutions to business partners to minimise inherent operational and reputational risks.

Sean started his career at Price Waterhouse in Sydney and London. He then worked for HSBC in Sydney and then for Hambros Australia Ltd, Hambros’ local subsidiary. After Societe Generale acquired Hambros, Sean became the Asian Head of Compliance for the Investment Banking Division of Societe Generale, spending his later years in the Hong Kong office before returning to Australia in 2013.

Michael John Swinsburg
Director

With a diverse 25 year career across financial services and executive search, Michael brings a wealth of experience from management roles within major Global and Australian financial services firms from 1984 through to establishing and leading his own executive search practice in 1997.

As Managing Partner of global executive search firm, Alexander Hughes International, Michael runs an Asia Pac firm across financial services, natural resources and energy together with his north Asian colleagues based Hong Kong and Shanghai.

Prior to that, Michael worked with leading financial services groups Macquarie Investment Management Ltd, Prudential Fund Managers and Citigroup, where he led State and national sales teams servicing the financial advisory channel, and developed and marketed a range of retail and institutional investment funds across a broad range of asset classes.