Charitable Giving Trends and Predictions for 2015
There are many online marketplaces to choose from when it comes to purchasing products for a purpose and they are increasing every day it seems. Fashion Project, however, takes the idea of “buying for good” one step further by accepting gently-used, high-end donated products from designer jeans to luxury handbags from donors, selling them at a fraction of the price, and then donating 55% of the net sales to the donor’s charity of choice. In this giving model, everyday donors are inserted into the donation and giving process.
The Fashion Project has made a significant dent in the fashion and social enterprise industries by supporting over 2000 nonprofit organizations and donating over $300,000 to charity since its founding in 2012. The Fashion Project also has nearly 70,000 customers.
Co-founder and president of the Fashion Project, Christine Rizk, has learned important giving trends and predictions since the site launched a little over two years ago. Rizk identified three giving trends of 2014 including increased donations to health nonprofits, localized giving, as well as the impact of trackable donations.
Continue reading “Charitable Giving Trends and Predictions for 2015”