For our first blog post of 2019, we wanted to give you an update on the work that NGOsource's parent organization TechSoup is doing to connect civil society organizations and changemakers to the resources they need for a more equitable planet.
Over the last 30 years, TechSoup has built the largest network of civil society organizations in the world, over 1 million in total. In 2018 alone, TechSoup connected 150,000 NGOs with over $1.9 billion worth of resources, including donated and discounted technology, services, and funding.
But there's much more work to do. There are over 12 million civil society organizations globally, so we've just scratched the surface. Those organizations serve billions of the most vulnerable people on the planet and address the world's most pressing problems. Yet they are woefully under-resourced in an increasingly digital world. TechSoup is committed to connecting them to the resources, support, and guidance they need to achieve their missions.
In November, TechSoup launched a Growth Capital Campaign
with the goal of raising $11.5 million. This campaign will allow us to increase the resources we distribute globally from $1.9 billion in 2018 to $4.8 billion by 2021. We'll increase our reach to serve 1.7 million organizations around the world. For every $100 invested, we will distribute over $47,000 of additional resources to the nonprofit sector.
We're excited by support for the campaign we've received so far. We just received a commitment from the Nonprofit Finance Fund to invest $4 million in TechSoup over two years.
In addition, we've launched a Direct Public Offering
(DPO) which stems from our belief that TechSoup should be financed by people and entities of diverse economic means who care about supporting civil society. Our DPO will allow nearly anyone to invest in TechSoup and receive a financial benefit while helping our organization grow its capacity to support more changemakers worldwide. TechSoup is the first nonprofit organization that the SEC has qualified to do a Reg A+ Tier 2 offering, which allows us to reach out to our stakeholders in all 50 states and engage them as impact investors. We've gotten some positive press about the DPO: Forbes
, Impact Alpha
. We're hoping it will be a model that other nonprofit social enterprises can use to raise growth capital in the future.
If you are interested in joining our effort to strengthen global civil society as an impact investor, please take a look at the TechSoup Offering pages
on the SVX.US impact investing marketplace. Investments in TechSoup will have an annual return of 2 to 5 percent over five years. Please contact Ken Tsunoda, TechSoup's VP of Development, at firstname.lastname@example.org
if you have questions or want more information.
We hope you'll consider joining us in our campaign to expand TechSoup's support of global civil society organizations worldwide. Whether it's providing food to people who need it, helping young people learn to code, or supporting communities after a disaster, civil society organizations bring people together to make an impact on the issues they care about the most. They need our collective help.