Foolanthropy Kicks Off 8th Year
Foolanthropy, The Motley Fool's completely volunteer-driven annual philanthropy program, today announced the five charities selected to benefit from its Foolanthropy 2004 campaign. Chosen from over 60 nominated organizations, the beneficiaries of the eighth annual Foolanthropy drive are among the great up-and-comers of philanthropy today. They are chosen the same way that The Motley Fool helps individual investors identify the world's great businesses: through suggestions and discussion from its devoted online community of 3.5 million Fools worldwide. The 2004 Foolanthropy recipients, all of whom received nominations from the Fool community, are:
- Canine Companions for Independence: Enhancing the lives of people with disabilities by providing highly trained assistance dogs and ongoing support to ensure quality partnerships.
- First Book: Giving children from low-income families the opportunity to read and own their first new books.
- Habitat for Humanity International: Seeking to eliminate poverty housing and homelessness from the world, and to make decent shelter a matter of conscience and action.
- Heifer Project International: Empowering people to lift themselves out of poverty in a sustainable way with gifts of farm animals and training.
- Spirit of America: Extending the goodwill of the American people to assist those advancing freedom and peace abroad.
"At Fool HQ for 12 years now, we have written and broadcasted that every dollar you spend is an investment," said David Gardner, co-founder of The Motley Fool and co-chair of Foolanthropy 2004. "That dollar is precious. Invested properly, it will compound at an unbelievable rate -- and this is just as true for our charitable investments.
"Foolanthropy fits with our corporate aim of helping our members make better financial decisions. In this case, we're helping them make better charitable investments by identifying extraordinary organizations that will use their dollars cost-effectively toward the creation of sustainable solutions. These charities are superachievers because they meet real and compelling needs, they know how to jazz the general public through their ingenious solutions, and they bring a little extra dash of magic to our world."
Since 1997, The Motley Fool's charitable activities have been guided by five simple Foolanthropic principles:
- Foolanthropy creates sustainable solutions.
- Foolanthropy expects "sweat equity" from its recipients.
- Foolanthropy make its finances transparent.
- Foolanthropy involves the public at large.
- Foolanthropy seeks to fulfill the same mission as The Motley Fool: to educate, to amuse, and to enrich.
Wendie White, Foolanthropy 2004 co-chair, added, "Since 1997, Foolanthropy has raised over $2 million for worthy charities. How? Our members respond best to organizations that truly embody our five Foolanthropic principles. Using the Internet, we promote these five winners and many other worthy organizations, helping them tell their stories, and raise money over a six-week period. We accomplish this on a strictly volunteer basis, bringing together our employees and our membership -- we have no overhead and all dollars flow directly through to the charities."
Donations to Foolanthropy 2004 can be made online at our Foolanthropy Center from Nov. 22, 2004, through Jan. 3, 2005. In addition to direct donations from Fools worldwide, The Motley Fool will make three additional investments in Foolanthropy: (1) its time and leadership to run the campaign; (2) a "Here's My 2 Cents" initiative, whereby the company donates two cents per every discussion board posting in December on The Motley Fool discussion boards; and (3) a $10,000 donation to the participating charity that receives the most support, dollar-wise, from the Fool community.
For more details about Foolanthropy 2004's recipient organizations, the criteria by which they were chosen, and the history of our campaigns (including past beneficiaries), visit The Motley Fool's Foolanthropy Center at www.foolanthropy.com.