Known as the Impact app, Epic Foundation’s mobile and web-friendly tool allows givers to stay updated on nonprofit progress without digging through lengthy and cumbersome end of year reports. The organization’s mission statement is to “Give Better, Give Smarter, Give More,” and seeks to do so by “developing new tools focused on enhancing how donors select, monitor and experience their impact. Our vision is to disrupt the philanthropic industry by combining passion and expertise with game-changing technology and partnerships,” the Foundation’s website reads.
With the Impact app, founder and CEO Alexandre Mars says that donors will be able to treat non-profits like publicly traded companies in their stock portfolios, seeing how much you’ve donated, the impact of those donations, and their real-world implications. With apps like this, Mars told TechCrunch, “We want to drive [potential donors] to do more.”
Ultimately, Mars believes, more transparency could do wonders for the not for profit community. According to anecdotal reports, the serial entrepreneur says, many individuals are uncomfortable giving large sums of money because the sector as a whole seems like something of a black hole — money seems to go in, but it’s unclear to what end.
But just maybe, Impact will be able to shed a bit of light on the issue.
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