SUBMITTED NEWS RELEASE
In an effort to stimulate the local economy and meet vital community needs, Reno-based NPcatalyst has created the Community Catalyst Charitable Fund for small businesses. Companies with annual revenues less than $500,000 will bind together to meet specific charitable initiatives and programs. The goal is to contribute $10,000 or more to local non-profit organizations each quarter.
“Small businesses are the lifeblood of our local community”, says Pete Parker, Managing Partner of NPcatalyst, “on their own, they might not be able to make significant and community-enriching contributions.” The unique giving fund provides small business leaders with a greater understanding of non-profit organizations and their specific needs, strength in numbers to meet those needs, and considerable public relations.
Management of the Community Catalyst Charitable Fund will be handled by NPcatalyst, which will track the contributions, measure the allocations, educate the small business participants of community opportunities, and promote to generate exceptional public awareness of the needs and their fund’s participants. The firm is collaborating with the Community Foundation of Western Nevada, which will accept and invest all contributions, thus providing businesses professional management and care of their donated funds. Based upon a vote of all participating businesses, the Community Foundation will process the distribution of contributed funds each quarter.
NPcatalyst is utilizing a 1% of annual revenue giving model to help businesses determine a target amount with which to contribute. The idea is to help local business become strategic with their giving practices. According to Parker, “our goal is to not only provide incredible community impact, but to develop new community leaders, and ignite revenue growth with each of our giving fund participants”.
NPcatalyst, LLC is a Reno-based company which provides philanthropic solutions to businesses and local charitable organizations. Our charter is to set the standard of philanthropic excellence through effective and value-driven best practices.