FinovateSpring 2013 / Bright Funds
Presenter Profile:
How they describe themselves: Bright Funds brings an investment approach to individual philanthropy, a $300 billion market in the U.S. alone. By combining the sophistication of investing with innovations in design and technology, Bright Funds provides a financial service that addresses a growing need in online charitable giving. In addition to individual and workplace giving, Bright Funds offers an intuitive charitable giving management solution to the financial services sector.
How they describe their product/innovation: Bright Funds offers a simple, elegant tool to the financial services sector for effective charitable giving management. With Bright Funds, individuals create personalized giving portfolios and contribute to thoroughly researched funds of highly effective nonprofits addressing the greatest challenges of our time. Bright Funds combines the power of research, the reliability of a trusted financial service, and the convenience of centralized contributions and tax reporting.
Contacts:
Bus. Dev. & Sales: Ty Walrod, Co-Founder & CEO, ty@brightfunds.org
Press: Julia Streuli, Head of Communications, julia@brightfunds.org
Website: brightfunds.org
Blog: blog.brightfunds.org
Twitter: @BrightFunds
HQ Location: San Francisco, CA
Founded: February 2012
Product Demoed: Bright Funds
Product Launch: Beta: November 2012, Official Launch: May 2013
Metrics: Raised $350,000, 4 Employees, Revenue, Thousands of Members, Enterprise Partners
- Key Executives
Ty Walrod (Co-Founder & CEO), Rutul Dave (Co-Founder & Chief of Products and Marketing)
Key Stats
- Key Board Members
Ty Walrod (Co-Founder & CEO), Rutul Dave (Co-Founder & Chief of Products and Marketing), Joshua To (Managing Director, Hattery)
- Key Advisory Board Members
Our Investors, plus: Ned Breslin (Water For People), Dave Peterson (PlayBigger Advisors), Ben Chelf, Gabrielle Rubenstein, Jeff Thomas
- Key Investors
Joseph Sanberg, Michael Coors + Co. (10K Investments), Joshua To (Hattery), Luis Arbulu (Hattery), Josh Mendelsohn (Hattery), Leila Janah (Founder & CEO, Samasource)
- Key Partnerships
More than 50 nonprofit partners including KIPP, BRAC, charity:water, Water For People, Environmental Defense Fund, Sierra Club, Oxfam, CARE, PCI, and NYAYA Health.
- Key Customers
Financial advisors and financial institutions, from retail commercial banks to investment banks and private wealth managers; enterprises that demand excellence in workplace giving; and individual donors. In the financial services sector Bright Funds is built to be offered alongside existing financial services to provide the fintech/banktech sector with an innovative charitable giving solution for their clients, catering to the needs of financial advisors and individual consumers to consider charitable giving as a part of their overall financial planning strategy.