The story has much for South Africans to enjoy too. GivenGain was founded by two South African entrepreneurs and maintains its most active office in Stellenbosch, supporting SA charities with the help of a growing global army of fundraisers and cutting-edge platform innovations developed in partnership with global events like the Boston Marathon.
Breaking down barriers
It all started with a dream shared by brothers Johannes and Jaco van Eeden in 2001. âAs the sons of a pastor we wanted to put into practice what we were taught â that it is more blessed to give than to receive,â says Johannes, co-founder and member of the GivenGain Foundation Board. âThen, when Jaco needed to send money back home from the US, where he was working as a young graduate, we knew we had the beginnings of an idea.â
Co-founder and board member Jaco says the problem was one of cross-border remittance, something GivenGain excels at â accepting and paying out funds in multiple currencies globally, cost-effectively and securely. âEven now it is very expensive to go through the traditional routes of international bank or money transfers, and not always very secure if you use one of the âwalletâ apps. Back then, there were even fewer credible options. We needed to overcome national, technological and payment barriers to bring down costs and offer bank-grade security, and weâre proud to say that value proposition holds true to this day.â
Of course, their innovation had to benefit those most in need â the charities that rely on individual donations to deliver their vital services. âWe saw potential in helping ordinary people wanting to do good, by enabling them to give and fundraise easily for a cause of their choosing. And so GivenGain was born,â says Johannes.
Today, the GivenGain platform is registered as a non-profit foundation in Switzerland and has teams working from Stellenbosch, Villars-sur-Ollon in Switzerland, London and Detroit. Its service benefits charities in 81 countries and events in 29, supported by donors and fundraisers in 194.
Development curve
At the outset, GivenGain was an online donation platform for charities, relying on the charities themselves to fundraise through this new global donation channel and so increase their support base.
Next, the founders saw an opportunity to boost charitiesâ income by allowing donors to fundraise among their social, family and professional circles for their favourite charity â contributing much more than they could on their own, without being out of pocket personally.
âA typical fundraiser contributes 20 times more money to charity than an individual donor,â explains Jannie Smith, GivenGainâs Regional Manager â Sub-Saharan Africa. âAdditionally, fundraisers raise awareness of the causes they support.â
Locals took to online crowdfunding quickly, individually and in the form of nationwide fundraising powerhouses like The Cows. While GivenGain has gone from strength to strength abroad, SA fundraisers still account for half of all fundraising projects. SA charities like CANSA and Qhubeka are among the platformâs top beneficiaries.
GivenGainâs next reinvention came in 2018, when it launched âTeamsâ â enabling companies, clubs, and even families and friends to fundraise around a common theme or activity â for any number of charities.Then, in 2018, it began working directly with mass participation events, teaming up with some of South Africaâs biggest events: The Two Oceans Marathon, the Cape Town Marathon and the Absa Cape Epic.
âEvent fundraising is an incredibly important source of charitable giving around the world,â says GivenGainâs Smith.By proving the concept in South Africa, GivenGain was able to work with events across Africa and elsewhere, including the Victoria Falls Marathon, Uganda Marathon, Irelandâs Vhi Womenâs Mini Marathon, and eventually Boston.
Massive milestone
This yearâs Boston Marathon is expected to host around 20,000 athletes in person, plus a further 70,000 joining virtually. The event supports more than 160 official charities, and many more supported by qualified and virtual runners. In 2019, runners raised a record $38.7 million, and in 2020 the all-time amount raised rose to $400 million. This year, with GivenGainâs help, organisers are aiming to make an even bigger impact.
âThe Boston Athletic Association is proud to partner with GivenGain as the official fundraising partner of the Boston Marathon,â says Nicole Juri, B.A.A. Director of Development. âThe Boston Marathon Official Charity Program has been a meaningful part of our race for more than 30 years, and weâre eager to expand its positive impact on the community with GivenGain.â
âWeâre very excited to partner with the Boston Marathon and to provide them and their hundreds of supported charities and many thousands of participating runners all over the world with a meaningful fundraising experience,” adds GivenGainâs Smith.
âIt is great to think that the features and marketing blueprint developed with great South African events in mind has the seal of approval of big names like the Boston Marathon. Our unique white-glove service is now enjoyed by events in 29 different countries to date.
Big endorsement, big responsibility
The Boston Marathonâs decision to work with GivenGain is the strongest endorsement yet of the platform, and a huge morale boost for its 20th anniversary year. Some would say âmission accomplishedâ, but GivenGain knows thereâs much more to do.
The platformâs biggest impact is still felt in South Africa, where overseas donations are a huge source of funding for struggling local charities â which have rushed to embrace online crowdfunding to augment their donation income even before the pandemic.
According to GivenGainâs own data, 30% of all the money that passes through the platform comes from donors outside South Africa giving to South African charities in hard currencies.
The impact also goes further than that.
âWeâre working with the Boston Athletic Association and event sponsor John Hancock to build expanded functionality and integrations that will benefit all charities and their supporters for years to come,â says Smith. âOur work in South Africa has shaped GivenGain for the world. Now, thanks to partnerships with Boston and other events worldwide, weâre looking forward to bringing new and improved features to South Africa in turn.â