HIPGive, the latest initiative from Hispanics in Philanthropy (HIP), is an online giving platform for Latino communities across the Americas. HIPGive has officially launched the Be Hip Give Contest with 23 amazing projects. HIP has worked with these organizations over the last month and are proud to present them as the inaugural cohort of HIPGive participants. In partnership with the Western Union Foundation, HIP is providing an added incentive for both the nonprofit organizations and potential funders through a contest that offers matching funds for the winners.
The goal of the inaugural fundraising contest, Be Hip Give Contest, is to use the resources of the HIP network and the partner organization’s own networks, along with the incentive of matching dollars, to help learn new and exciting fundraising strategies (e.g. online fundraising, crowd-funding, social media tools) and access new donors.
HIPGive is a platform that will thrive only when many individuals are engaged. This first contest is an opportunity to drive supporters to the HIPGive platform, not only to help the organizations raise funds, but also to win matching funds from HIP, thus expanding the project’s success. HIPGive will reward partner organizations not just for meeting fundraising goals, but for doing it by expanding the number of donors who are supporting the work. There will be eight total winners.
|What:||HIPGive wants to support exciting, innovative projects coming from community organizations. By helping organizations access new financial resources (i.e. individual donations through crowd-funding) HIP is supporting sustainability and helping the organizations to expand their work or scale up. HIPGive will support projects that have clear objectives, a realistic timeline and articulated goals, strategies/tools to measure the goals and impact, and that demonstrate creativity and passion for making a difference.
Participating organizations are divided into three groups for the purposes of prize eligibility. The first group will be made up of U.S. organizations with an operating budget in excess of $500,000 USD. The second group will include U.S. organizations with operating budgets of $500,000 USD or less. The third group will be comprised of Mexican- incorporated and Mexican-based organizations with operating budgets of $1 million USD or less. By separating the organizations this way, HIP is able to make sure smaller U.S. organizations and the Mexican partner organizations have an equal playing field and are not dominated by an organization many times their size.
All awarded prizes are matching funds. Winners will only be awarded up to a certain amount, depending on the qualifying category. For example, if a partner organization with a budget of $600,000 raises $12,000 and has the greatest number of individual donors during the contest, it will receive the First Prize comprised of the matching grant of $10,000. In other words, if two organizations with budgets of over $500,000 raise $10,000 or more, the organization that has the largest number of individual donors wins the matching grant of $10,000.
|When:||Contest runs now through May 16, 2014
|Why:||Unlike many other existing online giving platforms, HIPGive brings much needed support and incentives to help Latino community organizations excel at online fundraising. HIPGive’s added value is:
|Name of organization||Location|
|Bridgeport Caribe Youth Leaders||CT|
|Museo de las Americas||CO|
|Hispanics Against Child Abuse and Neglect (HACAN)||DC|
|Hispanic Liasion of Chatham County / El Vinculo Hispano||NC|
|Circle de Luz, Inc||NC|
|LAWA – Latin American Women’s Assn||NC|
|El Centro Hispano||NC|
|Student Action with Farmworkers||NC|
|Scholars’ Latino Initiative||NC|
|Raices Culturales Latinoamericanas Inc.||PA|
|Norris Square Neighborhood Project||PA|
|Comité de Apoyo a los Trabajadores Agrícolas (CATA)||PA|
|Society of the Educational Arts, Inc. (SEA)||NY|
|Calpulli Mexican Dance Company||NY|
|Unity Coalition|Coalicion Unida||FL|
|WAGES (Women’s Action to Gain Economic Security)||CA|
|Chicana Latina Foundation||CA|
|Council of Mexican Federations (COFEM)||CA|
|Fundación Appleseed México A.e.||MX|