Partnerships and Endowments and Cakes, Oh My!

Outer Banks Community Foundation plus Charitocracy

This bit of news about our new partnership is a long time in the making, but I'm excited to finally share it!

The Partnership

The Outer Banks Community Foundation is the most important nonprofit down here in the Outer Banks of North Carolina, where we set up shop and call home. Their tagline is "Connecting people who care with causes that matter." Some years ago they ran a giving circle that our family participated in. Each family would throw $250 per year into the hat, and collectively decide on which OBX nonprofits to send the money. Sound familiar?!

We are humbled here at Charitocracy that OBCF has decided to breathe life back into their giving circle in the form of Charitocracy OBX. We will continue to offer participation for as little as $1 per month, embracing Charitocracy's mission of making philanthropy accessible to everyone. That's always been a popular option, and as always, each donor gets one vote regardless of how much they donate. However, as always, a bigger donation doesn't have a louder voice at Charitocracy, but it does have a bigger impact...

So we'll also offer donation "bundles" at the $250 per year "Golden" level, familiar to past participants in OBCF's giving circle, as well as a new $100 per year "Silver" level. These bundles include monthly contributions to the OBX and USA monthly grant pots, so you can vote on both monthly grants, locally and nationally. They also include contributions to OBCF's Community Fund as well as "tips" to help offset Charitocracy's expenses. (Remember, we're an all-volunteer nonprofit ourselves, and have to pay the costs of credit card processing, servers, insurance, etc., so these tips, while optional, are very important to keep us afloat!) Finally, the bundles include contributions to our new endowment!

For Charitocracy USA donors, the default bundles don't include any OBX-specific contributions. But if you want to add some OBX to the mix, just switch over to the OBX site and sign-up or change your current donation over there instead, and the OBX bundle components will show up for you, too. Go nuts!

The Endowment

The former giving circle at OBCF just happened to have some funds left over and looking for a new home, to the tune of over $6000. As part of our partnership they're going to assign those funds over to Charitocracy! We'll be able to withdraw a small percentage annually, and use that to top off the monthly pots, cover expenses, or whatever is our biggest need in fulfilling our charitable purpose. We'll also keep track of how much of the new endowment deposits are coming from Charitocracy OBX vs. Charitocracy USA, by looking at the monthly pot contributions accompanying each endowment contribution. That way we can maintain a fair distribution of those funds back out into the OBX and national nonprofit sectors.

This is how I like to think of it: You can give $1 now, and we'll put it in the next grant check. You can give $20, and we can continue to put it into upcoming grant checks. Or you can give $20, and we can put it into the endowment, and now that becomes the same as $1 every year... forever*.

*For some rough approximation of forever, and some rough guess at how the endowment investments perform over time. But at least OBCF has been going for 40 years now and knows a thing or two about managing endowments! They hold over $22,000,000 in ~200 charitable endowments.

The Cake... and $4000!

I'm glad I got your attention. The cake is not a lie, and neither is the $4000 grant. Except it might be a bit far for many of you, spread around the country or even the world, to travel... On Saturday October 15, from 2pm to 6pm, at the Outer Banks Brewing Station, we'll be celebrating OBCF's 40th anniversary with a backyard birthday bash! Let's raise pints of our favorite cold beverages to toast the next 40 years of charitable giving in the Outer Banks! And eat cake, and take this new partnership for a spin...

We'll be hijacking Charitocracy OBX that day in order to vote on a special $4k grant from OBCF to some lucky local nonprofit with the most votes! Every OBX nonprofit nominated on Charitocracy OBX is eligible, even if they've already won in the past 12 months. And any local 501(c)(3) that needs a nomination can either join up and self-nominate the good old-fashioned way, or email before October 1st to be auto-nominated. After the event, we'll narrow to the Top 10 for the usual October grant, and it'll be back to our normal schedule. (Charitocracy USA will remain unaffected by any of these shenanigans!)

I look forward to seeing you there! In the meantime, consider logging in and switching your annual donation to one of our new pre-configured bundles, or customizing your own perfect combination of monthly pot, endowment, tip, and Community Fund contributions. Your continued generosity shouldn't surprise me any more, but it always does. Thank you. ❤️

The Outer Banks Community Foundation invites the public to its 40th Birthday Backyard Bash at the Outer Banks Brewing Station on Saturday, October 15 from 2 – 6 pm. The free event will feature live music, birthday cake, and a $4,000 grant to be awarded to one local charity by event-goers. This community grant kicks off a new partnership with Charitocracy OBX, our new, local, online giving circle, where donors pool their contributions, nominate, and vote for local nonprofits to receive grants each month.

“Our Community Foundation was built on a model of many people making modest contributions, for the betterment of the entire community,” said President and CEO Chris Sawin. “As we reflect on 40 years of giving, we are humbled by the efforts of others and inspired to do our part to position this extraordinary organization into its next 40 years of service. We are very pleased to mark this auspicious occasion by launching a new giving platform the whole community can be involved in, starting at just $1 a month.”

[Read the whole news post here on OBCF's website.]

Outer Banks Community Foundation's 40th Birthday Backyard Bash