Our mission at NGOsource is to streamline international grantmaking by simplifying the equivalency determination (ED) process for both U.S. grantmakers and NGOs around the world. We provide a central ED repository so grantmakers including foundations and donor advised funds (DAFs) can share in the legal analysis and information we collect from NGOs.
The entire philanthropic sector benefits from this sharing of ED information. Grantmakers save thousands of dollars and precious hours of staff time by not having to do redundant ED reviews. NGOs save days of time filling out redundant paperwork, which helps them focus staff time on serving their beneficiaries.
When one of our member grantmakers completes an ED with NGOsource, we can then offer other grantmakers an ED for that same organization for $250, delivered within one business day. Because of this sharp reduction in compliance costs, it’s now much easier for U.S.-based donors of all sizes to provide funding to NGOs around the world, in amounts large and small.
This ED repository — along with our stellar legal team, global partner network, innovative technology platform, and standardized process — improves efficiency, increases effectiveness, and inspires significantly more cross-border philanthropy.
Our Progress So Far
Over the past two and half years, we’ve seen firsthand how strong the need for this resource is — and how rapidly it’s growing. Our membership exceeds 100 grantmakers who use NGOsource for their EDs (including 14 of the 20 largest international funders). They have requested more than 900 EDs so far, for NGOs in 90 countries.
As our repository grows, grantmakers have a greater chance of finding that the ED they want to request has already been certified by us. Over the past three months, 27% of the time grantmakers found the ED they needed was already in our ED repository. Members obtain that ED for $250, far less than the $5,000–$10,000 it might traditionally cost. My forecast is that by the close of 2016, this number will grow to over 50%, so grantmakers will find an ED already in our repository more often than not.
We are grateful to our partners and member grantmakers for doing so much to make it possible for NGOsource to launch in March 2013, and for entrusting us with this important mission ever since. We are grateful to our supporters who have provided time, guidance, and even grant funding. Their belief in us has helped us expand our services to cover more languages and countries and to provide better services faster.
I look forward to keeping you posted on our progress. As always, please don’t hesitate to let me know if there’s ever anything I can do to help you.