Is GivingSpace a non-profit corporation?
GivingSpace is in its early phase of development. It is now under consideration as a project for an established 501(c)3 in the United States, which would allow it to accept tax-advantaged donations. A business plan will be developed, and depending on the progress and acceptance of the ideas of GivingSpace and the Advisory Board’s recommendations, GivingSpace may become a not-for-profit organization by itself. Will GivingSpace compete with existing on-line activities? Not in the sense of going after the same donor funds as other non-profits. Because it seeks to create a means of frictionless philanthropy, those organizations which are able to deliver the most trustworthy giving opportunities with the lowest overhead and greatest trust. This will trigger a shift of power from fundraising to trustraising. Organizations may find that much of their activities are “friction” which frictionless philanthropy will tend to remove. The competition, therefore, will be directing an organizations re
