Building The Act Of Giving Into Everyday Purchases
Pete Winn of KarmaPay, together with some other team members, has created a platform where you help fund the building of a school when you pay for a coffee.
In his article about the 5 Principles of Network Philanthropy summarised below, Pete talks about ‘distributed fundraising for the digital age’: the backbone of the KarmaPay system.
1. It’s not about the giving
He says it’s about encouraging one small change and then building the act of giving into everyday purchases… this resonates with me. I really love the idea that you can go about the bustling business of daily life and know that would have been the bank fees from your transaction, that most of us wouldn’t even think twice about, are directed towards a worthy cause, and with a loving mission. Although I don’t know that I agree in principle that ‘it’s not about the giving’… perhaps it’s the choice of words, but I feel that it IS all about the giving. Giving is a natural state for humans when they’re not contracted in the stinginess of lack and misery, and it warms the natural state of the heart to give, to share, to enable another. Perhaps there’s even more joy experienced in the giving than in the receiving.
2. Clear traceable impact
Wonderful though is the possibility of being able to trace with an app on your phone for example, exactly where your financial contributions have been spent, for whom they are destined and how that small amount has impacted positively another human’s life. These transactions will be recorded on the Blockchain so that your investment is totally transparent and traceable.
3. Connecting people
Together, not individually, we can create awesome and outstanding change, even with small change. The platform of Network Philanthropy, the concept backing KarmaPay and its contributions towards Not-For-Profits in the community for the betterment of humankind, means a connection is required between people, merchants employing the technology to enable the redirected micro-payments away from the banks to NFPs and other organisations.
4. Acceleration through ownership and progress
By connecting with this philanthropic community and sharing the common desire to be generous and caring to other humans born in less financially fortunate circumstances than we, a group with a common interest tends to develop a sense of ownership, of belonging – this leads to collectively wanting to further ‘the cause’. When we feel we count, the success of the project also counts.
Pete goes on to write that Network Philanthropy needs to scale up its effect over time: it needs to be free of geographical, organisational or man-made boundaries in order to solve the world’s current issues totalling well over $20 billion.
‘We believe that by following these principles and building them into future enterprises we can make real changes in this world and start to see the eradication of some of the big issues of our time.’