Delaware Patent of the Month – February 2023
Charitable giving has long been an important aspect of our society, but the process of fundraising can be costly and time-consuming for organizations. With the rise of technology, like GoFundMe, charitable giving and collecting donations has become more accessible, but the process of giving still remains fragmented. Change Up Inc (ChangeUp) is working to reduce this fragmentation and simplify the act of donating.
In line with this mission, the company has developed and patented a consumer-controlled portfolio for charitable donations. The technology integrates donations into the colossal, everyday flow of commerce.
The donation facilitation system allows donors to challenge providers to make a contribution to a portfolio of charities set up by the customer. By integrating this friendly challenge feature, donations can be matched and raised in good fun.
The system also enables providers to create their own portfolio of charities and make a contribution to the customer’s portfolio of charities when one of the charities in the provider’s portfolio matches one of the charities in the customer’s portfolio. This donation can be made in response to the customer’s challenge. In some cases, the provider contribution can be made to a donor-advised fund.
One of the main advantages of ChangeUp is that it streamlines the process of giving. Customers no longer have to search for different charities on separate websites, as all of their preferred charities can be stored in their portfolio. Providers can also easily make contributions to the customer’s portfolio of charities without having to search for the charity themselves. ChangeUp also increases awareness and support for local charities, as well as smaller organizations that may be relatively unknown.
ChangeUp is set on modernizing charitable giving, which has been siloed in standalone fundraising events like bake sales and bike rides where donors write paper checks and the charities spend a ratio of 40 cents to acquire one dollar.
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