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Building a dynamic fundraising strategy and providing fiscal sponsorship for Glo Dollar, the ethical stablecoin

Opportunity

The Glo Development Foundation is leading the charge of the United Nations’ Sustainable Development Goal (SDG) #1 to “end poverty in all its forms everywhere” by creating a stablecoin called Glo Dollar that creates basic income for people in extreme poverty.
The Glo Development Foundation needed a fiscal sponsor as they pursue a 501(c)(3) status. They also sought an advisory partner to help build a dynamic fundraising strategy, which accounts for its position at the nexus of cryptocurrency, poverty alleviation and philanthropic giving.

Approach

Global Impact is providing fiscal sponsorship support that allows Glo to solicit and accept tax-deductible gifts from U.S. individuals, corporations and foundations.
As part of the fundraising strategy, Global Impact is providing Glo with a variety of fundraising mechanisms and an enhanced capacity to implement them, including:
- Conducting an assessment to determine Glo’s strengths, weaknesses, opportunities and external threats.
- Performing a benchmarking analysis to determine the organizational structure and funding sources of Glo’s peers and competitors.
- Conducting prospect research on funders, which align with Glo’s mission and display ability, affinity and access
- Designing a 12-month fundraising framework and augment Glo’s fundraising capacity by acting as development staff to cultivate a pipeline of prospects.
- Drafting outreach to identified prospects and supporting Glo as conversations with potential funders develop.

Results

Over the course of our engagement, we expect to help The Glo Development Foundation achieve the following results:
- Handle tax receipting and financial management so Glo can focus on ending extreme poverty and changing the financial framework of the U.S.
- Grow revenue and existing funding opportunities.
- Create a corporate case for support and turnkey employee engagement offerings.
- Identify, qualify and contact more than 25 foundations, corporate and high net worth individual prospects.

About The Glo Development Foundation

Glo is pegged to the US Dollar and fully backed by a mix of cash and government bonds. Those government bonds provide interest income, which Glo donates to a charity called GiveDirectly, which distributes the money to people in extreme poverty, no strings attached. The more Glo Dollar in circulation, the more people can be lifted out of extreme poverty.
Glo holders can convert their holdings back to US dollars (or another currency) at any time, meaning they can contribute to GiveDirectly via “donationless philanthropy.” Glo aims to unlock an entirely new population of philanthropists who will not lose any of their personal capital to lift people out of extreme poverty.

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To achieve results like these, reach out to us!

Global Impact works on charitable ventures to inspire greater giving. We serve as a trusted advisor, intermediary and implementing partner across the private, nonprofit and public sectors. Through these partnerships, we have raised nearly $2 billion for causes such as disaster relief and global development. Global Impact’s reach and services are complemented by the work of our subsidiary company, Geneva Global.

Contact

U.S. Headquarters

1199 N. Fairfax St. Suite 300
Alexandria, VA 22314
800-836-4620
[email protected]

Building a dynamic fundraising strategy and providing fiscal sponsorship for Glo Dollar, the ethical stablecoin

Opportunity

Approach

Results

About The Glo Development Foundation

Contact

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