Tuesday, Nov 19, 2019
HomeBusinessAliv, CIBC FirstCaribbean launch crowdfunding website for NPOs

Aliv, CIBC FirstCaribbean launch crowdfunding website for NPOs

Telecommunications company Aliv, in partnership with CIBC FirstCaribbean International Bank, launched a crowdfunding website yesterday designed to be a one-stop shop to support registered non-profit organizations (NPOs) in The Bahamas.

The website, which is called “Together”, is already supporting fundraising campaigns for the Bahamas Red Cross, the Catholic Board of Education Schools, the Bahamas Feeding Network, the HeadKnowles Foundation, the Rotary Club of East Nassau and The Salvation Army. However, many more NPOs are listed on the website.

Aliv Chief Commercial Officer Gravette Brown said yesterday that Together will make fundraising a more efficient and transparent process for NPOs in The Bahamas and added that it will also allow for a quicker release of funds in comparison to international crowdfunding sites.

Like other crowdfunding sites, there will be a transaction fee of one percent along with a five percent credit card transaction fee, according to the website’s frequently asked questions sheet. However, for Hurricane Dorian relief the one percent fee has been waived, Brown said.

She added that the website is also a portal that will allow NPOs to broadcast to the world the campaigns they are seeking funding for.

She added that the portal will also allow donors to track the progression of the campaigns they help to fund, in order to make the process more transparent.

“This website/app allows all of you to raise funds transparently, internationally, in the most convenient and efficient way that you possibly can,” she said.

“It gives you access now to platforms all across the world. People who want to help can go to one single place, where they can find all the ways that they can help.

“It allows the charities to get access to the funds they’ve raised in an efficient, quick manner. It allows you, the donors, to see exactly where your dollars are going.”

She said information technology teams from both Aliv and Rev were integral in bringing the website to life.

Brown said the website was 18 months in the making.

Vice-Chairman of Cable Bahamas Group Franklyn Butler II said Aliv has found a solution to the problems related to fundraising for NPOs in The Bahamas.

“One of the biggest challenges outside of Hurricane Dorian has always been how do we find ways to fundraise and to have an impact in times of need, particularly for those who are most at risk in our community,” Butler said.

“This is a huge opportunity for us to have a huge impact for organizations throughout our country, who continue to struggle to address the needs of those who are most at risk.”

Gina Knowles said the HeadKnowles foundation is excited about the Together website because of the lower fees and the direct access to the money in The Bahamas. HeadKnowles recently had trouble accessing money raised on crowdfunding website gofundme.com.

“We’re very excited that it’s going to come directly to us,” Knowles said. “We already have our accountants onboard so everybody will be able to see everything.”

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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