There are a few different ways to donate profit and if you don’t have profits yet, you could instead consider donating a portion of revenue. If you don’t feel like 1% is the right amount for you, then give whatever feels right to you. ). Want to just give a portion of profit from one specific product? That works too! Pledge 1% is very flexible—we recognize that our companies are at all different stages and have different levels to give back. Click here to take the pledge.
Pledging profit through Pledge 1% is a simple process with just two quick steps: completing a Pledge Letter and a Gift Allocation Recommendation Form. That said, this may differ depending on where your company is incorporated, as each country has it’s own regulations and requirements for giving profit.
Where Pledge 1% can help is by providing you with best practices on how and where to consider allocating those funds. In particular, we can help you determine:
It’s important to think about the type of company you have when you are deciding how you will give profit. If you are a LLC or S-Corp, giving 1% of profit is easier and more beneficial than giving 1% of equity. When you join Pledge 1%, we’ll provide you with the appropriate guidance and paperwork for you to set up your profit donation program quickly and easily. Take the pledge to get started today!
See a full list of companies who have pledged.