LiquiDonate Joins the Pledge 1% Movement with a Donation of Time, Product, and Equity
With a growing presence across all 50 states, LiquiDonate is proud to announce that it’s joined Pledge 1%, a global movement that inspires, educates, and empowers entrepreneurs, companies, and employees to be forces for good in (and beyond) their communities.
LiquiDonate will contribute 1% of equity to a donor advised fund, held at ImpactAssets, where assets will be invested and granted towards organizations advancing the circular economy. “We’re psyched and humbled to contribute 1% of LiquiDonate’s equity to accelerate the world’s transition to a circular economy and make second-use the first choice," says Diz Petit, LiquiDonate’s CEO and co-founder.
“There are thousands of forward-thinking, innovative organizations out there confronting some of the world’s toughest challenges that have joined Pledge 1%, and we’re thrilled to be among them.”
Pledge 1% has a growing membership of over 17,000 global companies that, collectively, inject half-a-billion dollars into diverse philanthropic causes in more than 100 countries. It’s a simple—yet hugely impactful—project: organizations have the flexibility to donate 1% of their product, profit, equity, and/or staff time to any charity of their choice, sparking a multifaceted approach to a diverse range of causes and missions.
“There are over 1.5 million nonprofits and more than a million retail establishments in the U.S. At this scale, matching reclaimable goods from retailers to nonprofits is possible only with tech. LiquiDonate’s tech-enabled donation platform has social impact built into it,” says Chai Nadig, LiquiDonate’s CTO and co-founder.
While “making the world a better place” may be a phrase many in Silicon Valley and beyond have rightfully grown wary of, LiquiDonate puts its profit where its mouth is. Since its inception, all LiquiDonate employees have received 24 hours of paid volunteer time to dedicate to philanthropic efforts across the country, including a recent volunteer event put on by A Meal With Dignity, a San Francisco-based nonprofit on whose Board of Directors Petit currently sits.
The San Francisco-based climate tech company recently received its California Green Business Partner certification, and is embedded with nonprofits and community activism. LiquiDonate is building upon its earlier relationship with Pledge 1% from being a Builder Company at Postmates, ringing the opening bell on Giving Tuesday, and contributing to multiple free how-to user guides on giving back to the community.
“There are so many compassionate and community-minded nonprofits confronting some really tough problems, and we’re proud to help them get the goods they need to further their missions,” says Renee Barker, LiquiDonate’s Director of Nonprofit Partnerships.