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Giving Compass' Take:
• Fact Company profiles a website called CariClub, which acts as a matching service of sorts for young people who want to get involved in nonprofits as junior board members.
• Companies may see hire retention rates by employees who use the service, while nonprofits expand their talent reach. In what other ways could such tech disrupt the sector?
• Here's some advice for nonprofits on acquiring your dream board member.
Several years ago, while working as a derivatives trader at Citigroup, Rhoden Monrose ran into a situation that’s typical of many young, driven professionals. He wanted to find a way to give back to the community, but his time (and money) was limited. Then he discovered that he could join an associate board at Row New York, a nonprofit that introduces teenagers from all backgrounds to the sport of rowing while providing academic coaching.
Associate, or junior, boards operate much like traditional nonprofit boards, minus the fiduciary requirements that most nonprofit boards have. For Monrose, that gave him the chance to set fundraising goals and organize various activities and events to generate contributions and cause awareness. He was able to meet other board members and tackle those challenges together.
That solved his problem, provided great professional experience, and ultimately led him to found an entirely new business. In January 2016, after two years of working on the concept, Monrose officially launched CariClub, a subscription-based matching platform that charges companies for the chance to connect their employees with a wide array of nonprofit associate boards.
For companies, the service is seen as a retention and professional development tool for cause-minded millennials. For nonprofits, who aren’t charged to join, it’s a chance to connect with new donors and advocates, whose influence will only grow as their careers advance.
Read the full article about CariClub connecting employees to nonprofit boards by Ben Paynter at fastcompany.com.