BBB Wise Giving Report for
GlobalGiving Foundation

BBB Wise Giving Report issued November 2010
BBB Wise Giving Report expires November 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: GlobalGiving Foundation
Address: 1023 15th Street NW, 12th Floor
  Washington, DC 20005
Phone: 202-232-5784
Web Address: www.globalgiving.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 2003, Delaware
Affiliates: ManyFutures, Inc
Stated Purpose: "to build an efficient, open, thriving marketplace that connects people who have community and world-changing ideas with people who can support them."

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Evaluation Conclusions

               

GlobalGiving Foundation (GGF) meets the 20 Standards for Charity Accountability.
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Programs

               

GGF's online marketplace allows donors to find and fund grassroots projects that appeal to their specific interests. The organization offers projects in more than 100 countries in a variety of themes ranging from education and health care to economic development and the environment. To date, more than 112,000 donors have provided $30.8 million to 2,900 projects worldwide.

For the year ended December 31, 2009, GGF's program expenses were:

  
Program expenses 8,968,288
Total Program Expenses: $8,968,288
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Governance

               

Chief Executive : Mari Kuraishi, President
Compensation*:
 $171,403

Highest Paid Executive: Dennis Whittle,Co-Founder
Compensation*: $176,659

Chair of the Board: Tom Bird
Chair's Profession / Business Affiliation: Founder and President, Farm Capital Services, LLC

Board Size: 5

Paid Staff Size: 21

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Internet appeals and cause-related marketing.
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $10,295,947, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on GGF's audited financial statements (consolidated with affiliate) for the year ended December 31, 2009.

Source of Funds  
Project Contributions 8,577,494
Grants 1,138,300
Professional Services 427,379
Contributed Services and Materials 152,547
Interest Income 14,585
Other Revenue 227
Total Income $10,310,532


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Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 10%  Administrative: 6% 

Total income   $10,310,532
  Program expenses $8,968,288
  Fund raising expenses 1,133,477
  Administrative expenses 688,927
 
Total expenses   $10,790,692
Expenses in Excess of Income   (480,160)
Beginning net assets   4,841,177
Other Changes in Net Assets (199)
Ending net assets   4,360,818
Total liabilities   681,746
Total assets   $5,042,564

Note: In the above financial section, other changes in net assets represents -$199 for the purchase of treasury stock.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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