Ours is a new model of philanthropy. We empower our members to dramatically increase the number of causes they can support and how much money goes to charity in the long term, compared to just donating to charities directly.
You pledge to donate at least 5% of your income, after tax.
For example, if you get paid $1,000 per week (after tax), you would donate $50. You would also donate 5% of any tax return you receive.
We invest your donation in our ethical investment fund with Australian Ethical.
Every 6 months (on 1 January and 1 July), we withdraw the profits of our ethical investment fund, ask you which charities you want to support, and generally donate the profits according to the charities you choose (unless there is a compelling reason to do otherwise).
In the long term, this approach will result in a much greater amount of money going to charity. While less is donated in the short term, our model ensures your donation creates a lasting legacy that will fund the most effective charities for decades to come (for the rest of time, really). While less money goes to charity in the short term, we think that the long-term impact of this model will produce a greater social impact that simply donating to effective charities directly.
We are currently preparing a whitepaper for the Five Percent Foundation, which will explain our model and its benefits in greater detail. Please check back soon.
