Plenty of entrepreneurs are building software targeting large corporations like Citigroup, Deloitte and Unilever. Rhoden Monrose is doing it with a twist. His startup, CariClub, helps those companies get their employees to give back.
A for profit company living between big business and the non-profit sector, CariClub functions as a matchmaker for young professionals and associate boards. Employees gain leadership experience while contributing time, and often money, to serving on a junior board helping to operate a non-profit. The organizations themselves receive a steady stream of interest from high-achieving professionals who might have otherwise never heard of their work.
Associate boards are increasingly critical to the fundraising and planning at many non-profits, says Monrose. How people find the boards or stay active, however, has been a mess. “This is a market that’s completely un-served,” says Monrose. And it’s good business, he argues. “Billions are lost when employees are not engaged, and it hurts a company’s bottom line. CariClub is a meaningful solution for engagement and retention.”
CariClub works with 14 large-sized companies today, including Citigroup, Deloitte, Ernst & Young, KKR, UBS and Unilever. Each business pays hundreds of dollars per user to provide access to its largely twenty-something young employees, who can search through local non-profits by area of focus and time requirements, then apply through the site.
Read the full article about the startup helping employees become nonprofit junior board members by Alex Konrad at Forbes.
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