Message from the Founder of LENDonate
In 2015, I was looking for a way to support nonprofits beyond what I could afford to donate, and in a way that my money could be recycled for social good. Since I couldn't find that perfect solution, I decided to build it with a team of passsionate experts who are as eager to revolutionize social finance as I am. Will you please help us reach the next milestone?
What We Do
We help nonprofits with big goals receive the financial investments they need. Our platform also creates new possibilities for lenders and donors to connect their investment and social impact goals. If you haven't already, please watch our short and fun animation video above to see how we do it.
Why We Need Your Help
We are ready to grow and bring more nonprofits onto our platform! With additional funding, we can proactively reach out and assist nonprofits with their funding plans. Please support us and share this with your friends and nonprofits!
*** We appreciate every donation, no matter the amount. The more we raise, the faster we can expand and better our services. ***
Benefits to Nonprofit Borrowers
By making funding more accessible, nonprofits can focus even more on serving the community than on fundraising.
Benefits to Lender/Donor
Donors desire choice and flexibility. Changing circumstances affect donors' abilities to give, but they want their nonprofits to continue to receive adequate support to continue their good work. LENDonate lenders fund a nonprofit through a loan and then have the opportunity to easily convert loan to donation anytime during the life of the loan enabling them to strategically plan their giving.
Why Do Nonprofits Need to Borrow?
Like us, sometimes there are emergency situations, such as a leaky roof or natural disaster recovery that needs immediate attention. A short-term, low-cost loan may be just the fix. Or a big project might come along—say, relocating to a new building, where a loan is critical to its successful completion. Access to funds at competitive rates ought to be available to nonprofits whenever appropriate.
*** Did you know nonprofits don't just rely on donations and grants? As a sector, it actually earns over 70% of their revenue, e.g. tuition, ticket sales, etc. Also, 75% of them operate at or above breakeven.
Examples of Nonprofits We Funded
1) An education nonprofit needed to pay deposits to vendors for an upcoming fundraiser. Rather than taking money from programs or putting it on credit card, they sourced a 2.9% interest bridge loan on LENDonate, along with $700 in donations. They ended up raising 6X what they borrowed!
2) An arts nonprofit had a 13% interest bank line of credit, and we replaced it with a 3.6% interest only loan that was secured by a grant receivable. Additionally they received over $5,000 in donations during the campaign.
Who We Are
LENDonate is a committed team of people with over 100 years of collective experience in the financial and nonprofit sectors. Together, we are fostering the next generation of impact investing. We are here to power your mission.
Our marketplace lending platform is a unique network where individuals, foundations, impact investors, banks and nonprofits leverage their collective power for the greater good. Nonprofit borrowers can showcase their programs on LENDonate to efficiently receive needed capital to reach their next milestone.
********************** fine print ************************
- This is not a solicitation of investment.
- Donation to LENDonate is not tax deductible.
- J Patrick Mahoney
- Marcus Young
- Susan Pottish
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