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Funds2Orgs

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Funds2Orgs
Type
Private
ISIN🆔
IndustrySocial Enterprise
Founded 📆
Founder 👔Wayne Elsey
Headquarters 🏙️,
Orlando, Florida
,
United States
Area served 🗺️
Members
Number of employees
🌐 Websitewww.funds2orgs.com
📇 Address
📞 telephone

Funds2Orgs is a Orlando, Florida based social enterprise company.[1] Founded in 2013, Funds2Orgs works with organizations to help them raise money collecting used and new shoes that are distributed to microentrepreneurs in developing nations.[2]

History[edit]

Funds2Orgs was founded by executive and philanthropist Wayne Elsey.[3] While president at Kodiak-Terra USA, Elsey organized the shipment of 250,000 pairs of shoes to countries that were affected by the 2004 Indian Ocean earthquake and tsunami.[4] The following year nearly one million pairs of shoes were delivered to the Gulf Coast States hit by Hurricane Katrina.[5] After these two disasters Elsey decided to establish a nonprofit called Soles4Souls[6] and in 2007 left Kodiak-Terra to become CEO.[7] In 2012 Elsey left Soles4Souls and founded Funds2Orgs the following year.

Since inception, fundraising campaigns Funds2Orgs have worked on include "Feet for Francis" sponsored by the Archdiocese of Baltimore,[8] "Million Pair Initiative" organized by cancer nonprofit The Half Fund,[9] and "Shoe Me The Love", a fundraiser to purchase a wheelchair accessible van for a man afflicted with Duchenne muscular dystrophy.[10]

Business Model[edit]

A micro-enterprise business, the aim of Funds2Orgs is to enable people to create their own self-sustaining economic path.[3][11] Funds2Orgs purchases the shoes that their shoe drive fundraising partners collect in North America and sells them for a nominal fee to microentrepreneurs in developing nations who repair, clean, and re-sell the shoes in their local communities for a profit.[12][13]

Company Portfolio[edit]

In January 2016 Funds2Orgs acquired Shoes With Heart, Southern California's leading shoe drive fundraising business.[14] The same month Funds2Orgs announced the launch of subsidiary brand Sneakers4Funds focusing on organizations and athletic teams who are looking to raise funds by exclusively collecting athletic shoes.[15]

References[edit]

  1. "Crowdfunding watch: Funds2Orgs". Corporate Knights.
  2. "If the Shoe Fits - Funds2Orgs".
  3. 3.0 3.1 Citi (24 March 2014). "Citi'sVoice: How A Former Shoe Salesman Supports Microbusiness In The Developing World". Forbes.
  4. http://www.nydailynews.com/news/world/dedicated-helping-poor-foot-time-article-1.267249
  5. "'Soles4Souls' Helps Poor Walk a Better Path".
  6. "How One Small Act of Kindness Sent Millions of Shoes Around the World". Cardboard Magazine.
  7. http://www.bizjournals.com/nashville/stories/2007/04/16/daily5.html
  8. "The Catholic Review > Home > Feet for Francis brings $12K in scholarships to Baltimore archdiocese".
  9. "News".
  10. "Athens Man asks community to "Shoe" him some love". WHNT.com.
  11. "Shoe Drive Fundraisers can Help Micro-Enterprises". Funds2Orgs.
  12. "New crowdfunding platform uses shoes as currency". World Footwear.
  13. http://www.heartreachalaska.com/media/What%20is%20Micro%20Enterprise.pdf
  14. http://www.bizjournals.com/orlando/news/2016/01/13/elsey-enterprises-acquires-california-firm.html
  15. Barbara Schneider-Levy. "Shoe-Drive Group Funds2Orgs Debuts Sneakers4Funds - Footwear News". Footwear News.

External links[edit]


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