Specifically, the campaign will raise funds to build with Habitat for Humanity San Fernando, in California. If funding allows, The Motley Fool also seeks to aid Habitat building efforts in Romania, the Philippines, Egypt and Guatemala
Foolanthropy campaign to benefit Habitat for Humanity
Online giving drive will help build houses with families in need
AMERICUS, Ga. (Nov. 22, 2004) – Habitat for Humanity International is among five nonprofits chosen to benefit from Foolanthropy, The Motley Fool’s online volunteer-driven annual philanthropy program. Since 1997, Foolanthropy has raised more than $2 million from its members and subscribers for worthy charities.
The 2004 Foolanthropy recipients, all of whom received nominations from the Fool community – 3.5 million online “Fools” worldwide who help individual investors identify the world's great businesses – are Habitat for Humanity International, Canine Companions for Independence, First Book, Heifer Project International and Spirit of America. The groups were chosen from more than 60 nominated organizations and are viewed as among the great up-and-comers of philanthropy today, sponsors said.
"At Fool HQ for 12 years now, we have written and broadcasted that every dollar you spend is an investment," said David Gardner, co-founder of The Motley Fool and co-chair of Foolanthropy 2004. "That dollar is precious. Invested properly, it will compound at an unbelievable rate – and this is just as true for our charitable investments.
“Foolanthropy fits with our corporate aim of helping our members make better financial decisions. In this case, we're helping them make better charitable investments by identifying extraordinary organizations that will use their dollars cost-effectively toward the creation of sustainable solutions. These charities are super achievers because they meet real and compelling needs, they know how to jazz the general public through their ingenious solutions, and they bring a little extra dash of magic to our world."
Specifically, the campaign will raise funds to build with Habitat for Humanity San Fernando, in California. If funding allows, The Motley Fool also seeks to aid Habitat building efforts in Romania, the Philippines, Egypt and Guatemala.
Since 1997, The Motley Fool's charitable activities have been guided by five simple principles: Foolanthropy creates sustainable solutions, it expects "sweat equity" from its recipients, it makes its finances transparent, it involves the public at large, and it seeks to fulfill the same mission as The Motley Fool: to educate, to amuse and to enrich.
Wendie White, Foolanthropy 2004 co-chair, said, "Since 1997, Foolanthropy has raised over $2 million for worthy charities. How? Our members respond best to organizations that truly embody our five Foolanthropic principles. Using the Internet, we promote these five winners and many other worthy organizations, help them tell their stories, and raise money over a six-week period. We accomplish this on a strictly volunteer basis, bringing together our employees and our membership -- we have no overhead and all dollars flow directly through to the charities."
In addition to direct donations from “Fools” worldwide, The Motley Fool will make three additional investments in Foolanthropy: (1) its time and leadership to run the campaign; (2) "Here's My 2 Cents" initiative, whereby the company donates two cents per every posting in December on The Motley Fool discussion boards; and a (3) $10,000 donation to the participating charity that receives the most support, dollar-wise, from the Fool community.
For more details about the Foolanthropy 2004 campaign, visit www.fool.com/foolanthropy/2004/habitatforhumanity .
About The Motley Fool
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About Habitat for Humanity International
Habitat for Humanity International, based in Americus, Ga., is a Christian ministry dedicated to eliminating poverty housing. By the end of 2005, Habitat will have built its 200,000th house and more than one million people will be living in Habitat homes they helped build and are buying through no-profit, zero-interest mortgages. www.habitat.org