11/25/03 Press Release

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Global Philanthropic Exchange Allows HP Employees to Select and Support International Development Projects of Their Choice

WASHINGTON, DC (November 25, 2003) — GlobalGiving, the trusted, global philanthropic exchange, today announced it is enabling HP's employees to donate to international, grass-roots projects of their choice through a flexible, easy-to-use online solution. GlobalGiving's global philanthropic marketplace quickly and effectively matches low-threshold, social development needs with funding sources. More importantly, GlobalGiving allows employers to broaden employee-giving programs to better match employee interests.

The GlobalGiving Corporate Program features a Web-based exchange where employees can access numerous international social and economic development projects, each one vetted and sponsored by a recognized non-profit organization. Employees can then select and fund projects that complement their own interests and philanthropic goals.

HP piloted the corporate giving program last year during its annual employee-giving campaign. Based on overwhelmingly positive feedback from employees, HP has decided to include GlobalGiving projects along with the four other charitable federations that are part of HP's annual employee giving campaign. Through a customized online interface, HP employees can easily search through, support and track various social and economic development projects and directly the progress of the specific project or projects that match their individual interests.

"At HP, we are committed to providing innovative and positive ways for our employees to engage with the communities where we live and do business," said Debra Dunn, senior vice president of Corporate Affairs at HP. "Through GlobalGiving, our employees are able to support international programs as easily as they would local community causes."

"HP leads the corporate sector in innovation in the area of employee-giving. Last year, HP employees worked with us to support more than 50 projects around the globe," said Dennis Whittle, CEO and co-founder of GlobalGiving. "HP is showing tremendous leadership by making this new model of giving available to its employees."

The GlobalGiving model offers an innovative option for businesses seeking more strategic employee-giving opportunities.

The GlobalGiving model connects philanthropic projects with individuals and businesses interested in donating funds. An individual or an organization may submit a proposal for a community-based project. Once vetted, the project is listed along with a detailed proposal on the GlobalGiving marketplace Web site. Individuals and businesses can easily review proposals from around the world and directly fund those they wish to sponsor. Updated status reports are published on the GlobalGiving Web site to ensure that projects are transparent and accountable to donors.


About GlobalGiving

GlobalGiving is the emerging marketplace for international aid. It directly connects social entrepreneurs in the developing world with individuals, corporations, and institutions that have an interest in funding social, environmental, and economic development projects. Founded in 2000 by two ex-World Bank executives, GlobalGiving is growing the overall development market by engaging donors and social entrepreneurs who have historically been marginalized by the international aid system. GlobalGiving has partnerships with Visa International and Hewlett-Packard and has received financial support from the Skoll, Omidyar, Sall, William and Flora Hewlett, Mott, Kellogg and Calvert Foundations, as well as USAID. For more information, please see www.globalgiving.org.

GlobalGiving, DevelopmentSpace, The DevelopmentSpace Network and ManyFutures are the property of ManyFutures, Inc. All other names, trademarks and service marks are the property of their respective holders.

GlobalGiving Contact

Joan Ochi
Director of Marketing Communications

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