Archive for May, 2008

Hope Blooms Eternal as New Website Brings Charitable Giving

Wednesday, May 28th, 2008

Hope Equity® revolutionizes philanthropy with one-stop shopping for charity

LITTLE ROCK, Ark. (April 28, 2008) – Facebook. MySpace. LinkedIn. According to a new report released by Forrester research, not only will the trend of social networking continue to grow by an estimated 43 percent annually over the next five years, but globally, businesses will spend almost $4.6 billion on social networking technology. Now a new website is leveraging this social networking phenomenon to build online communities dedicated to helping the world around them. Hope Equity® enables individuals, groups or organizations to invest in long-term sustainable giving to causes or charities they support across the globe.

HIV/AIDS, Environmental Issues, Hunger in Africa and funds for impoverished countries such as Kenya, Mozambique, Cambodia and Afghanistan are only a few of the endowments currently established on the Hope Equity® website. Additionally, the site is currently undergoing an upgrade slated to launch June 1, 2008. The site redesign will enable this philanthropic community to blog, receive RSS feeds, join other groups, contribute to other individuals’ endowments, conduct research on various charities and causes and find fundraising tools to strengthen their economic portfolios.

“The next generation of charitable donors is socially and globally aware as never before,” said Greg Spradlin, Vice President for Hope Equity®. “A brainchild of the Heifer Foundation, the Hope Equity® website has grown to invest over $5 million dollars since its original launch in 2007, helping over 130 causes worldwide. Launching the newly upgraded Hope Equity® website will enable these entrepreneurial individuals to connect with the non-profits and causes they are interested in supporting; thus providing a tangible, sustainable method of helping and interacting with the world around them.

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New Charity Vehicle Bringing Hope to Earthquake Victims in China

Wednesday, May 28th, 2008

LITTLE ROCK, Ark. (May 14, 2008) – 15,000 deaths and over $20 billion in damages are the costs of the devastation left in the wake of the 7.9 magnitude earthquake disaster in China. While many global citizens may feel helpless as they watch the news and view the devastation, a new philanthropic vehicle is revving up and enabling anyone the opportunity to bring aid to those suffering in China.

A brainchild of the Heifer Foundation, Hope Equity® enables individuals, groups or organizations to invest in the long-term sustainable giving to those suffering from the natural disaster in China or to countless other causes they support across the globe. Dubbed the “Facebook of Charity”, this new website utilizes social networking software to allow people to come together, share their stories, and help causes relating to hunger, poverty, and environmental conservation.

“The 7.9 earthquake in China has caused poverty and devastation on an epic scale that will take the Chinese people years to fully recover,” said Greg Spradlin, Vice President of Hope Equity®. “Hope Equity® is rallying support for this and other causes around the world by pooling funds and resources to not only provide immediate relief, but to establish a vehicle for long-tern sustainable gifts that continue provide aid even after the rubble has been cleared away.”

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Investor Story – Patty Ivins & Chris Specht

Wednesday, May 21st, 2008

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Patty Ivins and Chris Specht are like many young couples that reach a point in their professional careers where they want to give back.

For Patty and Chris, this path has led them to Drop In The Bucket, a non-profit based in Los Angeles that builds water wells and improves sanitary conditions in Africa. In order to provide a permanent, sustainable way to support Drop In The Bucket, they turned to Hope Equity’s Micro-Endowment™ program.

“We are a young working couple that is starting to have disposable income that doesn’t need to go to new TV or a new car,” Patty said. “We believe this is achievable and attainable and feels like something direct. Hope Equity is for real people that don’t have hundreds of thousands of dollars to donate to charity.”

Patty and Chris both work in the entertainment industry in Los Angeles. Patty is a television producer and her husband Chris is a marketing producer that works in product placement. Their jobs have taken them all over the world. About 10 years ago, the couple first visited Africa on a trip to Zimbabwe and was immediately taken with all aspects of the continent.

“We are interested in everything in Africa, from the wildlife to the plant life to the people,” Patty said.

When the couple learned about Drop In The Bucket, it reinforced their desire to help improve conditions in Africa in any way they could.

“The simplicity of the idea makes it so brilliant,” Patty said. “They revolutionize how people can introduce and provide water to areas where people don’t have access to it. “

Drop In The Bucket was formed in 2006 by a group of friends in Los Angeles who felt they had the tools and resources to make a difference in Africa. Their goal was to provide a clean, easily accessed water supply for villages and schools. Within six months, they had built their first wells before they had held their first fundraiser.

Drop In The Bucket spends very little money on operating costs, with all of its volunteers and board members paying for their own traveling costs and expenses. It is the same basic principle that attracted Patty and Chris to Hope Equity, who’s administrative costs are funded through a separate endowment so that any gift made is never touched or used for any purposes other than what the donor designates.

“So little you give actually gets to the non-profit,” Patty said. “This type of giving is particularly powerful because you really feel people receive it and it’s not being lost to overhead. It feels a lot more direct to give through Hope Equity.”

As Patty and Chris have become more involved with Drop In The Bucket and witnessed the organization raising more and more money, they realized there also needed to be a more long-term way to provide support for the projects.

“At first, it never occurred to me that organizations would have the access to these kinds of resources to do something that is more sustainable,” Patty said.

Patty said she sees Hope Equity as a way to fund her favorite charities every year.

“This year we are able to donate to Drop In The Bucket, but, who knows, next year we might not be in the same position to donate,” she said. “Through Hope Equity, Drop In The Bucket can work off the assets that come off that initial capital.” But for Patty, the most exciting part of being involved with Hope Equity is simply watching their Micro-Endowment grow.

“To be able to watch money grow at Hope Equity will be very gratifying,” she said. “It’s the same way people get excited about watching their investments grow.”

Patty and Chris are also supporters of Kiva and other microfinance tools. They hope to use their Micro-Endowment™ to provide additional funding to microfinance organizations.

For more information, visit www.dropinthebucket.org.

Hope Equity Back in NYC With GOOD

Tuesday, May 13th, 2008

Hope Equity returns to the greatest city in the world as a sponsor of GOOD Magazine’s Choose GOOD Greenmarket @ Solar One in Manhattan on June 7. Any Hope Equity supporters or those interested in sustainable, green initiatives should come out for what GOOD describes as “Food. Drinks. Music. Community.” All proceeds go to the Council on the Environment of New York City, which promotes environmental awareness and solutions to environmental problems. You can expect “Live bees, mozzarella making, local farmers, bamboo t-shirts, edible seedlings, greenmarket, a photobooth and much more!” Also, performances by Jacques Renault and Dave Prince.

When:
Sat 07 June • 5 pm to 10 pm (5 hours of education and party)

Where:
Solar One
2420 FDR Drive, Service Road East, 6 train to 23rd, L train to 1st Ave New York, NY 10010

How:
This is a 21+ event and for subscribers of GOOD Magazine only. You can subscribe either online at GOOD Magazine or you can purchase a subscription at the event.

For $20, subscribers get:
(1) 6 issues of GOOD
(2) Entry to a GOOD party & free drinks
(3) And all $20 goes to support Greenmarket, a program of Council on the Environment NYC (CENYC.org)