Uncommon Giving Corporation Announced its Beta Release of New online Giving Platform Connecting People and Nonprofits
By Cindy Dempski -
Tuesday Jul 14, 2020
Uncommon Giving Corporation announced its Beta release of a new online giving platform connecting people and nonprofits to do good, differently. The innovative online and mobile tool facilitates giving to more than 1.3 million 501(c)(3) charitable organizations, registered with the IRS, through a convenient digital giving wallet.
UncommonGiving.com is the first in an ecosystem of generosity-related services planned by Uncommon, a for-profit holding company.
Givers can open an Uncommon Giving Wallet to organize and track all charitable giving in one, streamlined account. When funding a giving wallet, donors receive an immediate tax receipt – even if they choose to direct their gift to a specific nonprofit or cause at a later time. Users can contribute to their account one transaction at a time or plan their giving through recurring donations. An Uncommon Giving Wallet is a “democratized” donor-advised fund (DAF) – a tax-smart charitable giving tool traditionally for the wealthy who can afford substantial account minimums and monthly fees. Anyone can open an Uncommon Giving Wallet, a DAF, with as little as $10. All contributions are processed through Uncommon Charitable Impact, Inc., a designated 501(c)(3) public charity, so funds are considered tax-deductible to the extent allowed by law. There is no need for participating nonprofits to create tax receipts for gifts directed via Uncommon Giving since each donation is receipted through the Uncommon Charitable entity.
Uncommon Giving Corporation was founded in 2018 by entrepreneur Ron Baldwin, who spent most of his 45-year career as a banking executive. His passion for extraordinary service and building relationships was the foundation most recently for de novo CrossFirst Bank, which grew to $3.5 billion in assets under his leadership, and in 2019 completed its initial public offering to trade on NASDAQ. Since 2018, when Baldwin transitioned to chairman emeritus, he has dedicated his energy to cultivating a bold new vision for serving others through giving.
“During my years in banking, we focused on serving people in extraordinary ways. I wanted to take that concept to another level,” said Baldwin, CEO of Uncommon. “With Uncommon Giving, we raise awareness for those in need and connect people who have the means, large or small, to help. We are a champion for nonprofits by creating an extraordinary giving experience for new donors who can see the impact of their gifts.”
“We are so excited about Uncommon Giving! The platform has the ability to revolutionize the way fundraising is done. It gives those with a generous heart a way to connect with nonprofits that are aligned with their values and allows charitable organizations to connect with new partners,” said Nate Hughes, vice president of partnerships for the nonprofit 1MISSION, a community development organization giving people in poverty the opportunity to earn housing through service.