Voting for Good: Crowdsourced Philanthropy
By Kate Olsen and Allison McGuire
What is crowdsourced philanthropy? These cause-marketing initiatives democratize the corporate grantmaking process by allowing both customers and employees to weigh in on where philanthropic dollars should be spent.
What are 3 common campaign elements?
- Large grants allocated across several charities according to public input.
- Public voting period with participation predicated on becoming a member of a brand community.
- Social sharing and digital engagement via status updates and video content.
Examples of crowdsourced philanthropy done right:
JPMorgan Chase ‘Chase Community Giving’: Each year, Chase asks customers and employees to nominate charities to be eligible to receive a portion of $5 million in grant funding to be allocated according to Facebook Fan voting. ‘Chase Community Giving’, now in its fifth season, has become a hallmark crowdsourced philanthropy program, having recruited 3.5 million Fans to help award more than $20 million in grants to over 500 charities.
PepsiCo ‘Pepsi Refresh Project’: Pepsi made a big splash by pulling a $20 million ad spend for the Super Bowl and reallocating the funds to allow consumers to propose ideas for making the world a better place, letting America vote on which ones should be funded.
Want are the tips for campaign success?
Download our FREE eGuide, Avoiding Cause Marketing Missteps: 5 Key Trends, to read all 5 trends, get examples of successful initiatives, and take home tips to ensure your next cause marketing campaign is a success!