How “Illuminates Platform” solves charity foundation problems
Charity organisations are able to act effectively and help the people of different countries with financial support, humanitarian aid and medicines. It’s not difficult to find a request for help on the Internet. But, you need to clearly distinguish between the case when it’s need help and the case of obvious fraud.
Let’s see what opportunities the”Illuminates Platform” offers to “M” Charity Foundation:
Increase сonfidence in organisation. Tom is a founder of the “M” Charity Foundation that annually helps thousands of children in the fight against cancer. But many people still doubt the transparency of this organisation since it’s difficult to track funds that are donated to every single child via the Internet. It’s also not clear that these funds will be spent on charity. What is the solution in this situation?
On the “Illuminates Platform”, all information about the “M” Charity Foundation activities is recorded on the blockchain using Relatefacts technology. Each platform user will be able to check what exactly the finances were spent on. So, patrons have confidence that donations have achieved the goal, plus overall trust in “M” Charity Foundation and Tom himself — will grow.
Find qualified employees. The accumulation and distribution of financial resources is not the only everyday task of “M” Charity Foundation. For example Tom is needed a specialists which are engaged in serious analytics in finding those kids who urgently needs help from foundation and also organize charity events to support them. But where to find them? The Illuminates Platform will include a freelance marketplace where Tom will have an ability to create special task with tag “Charity” and find qualified employees who will help him with the foundation. Such employers wouldn’t receive payments for their work but instead they will receive an increased amount of rating and reputation for successfully completed tasks.
Attract large investors. The main money flow of “M” Charity Foundation is based on small donations that made by individual citizens. On the other hand, there is a boy Sam who needs urgent financial help and an individual contributor wouldn’t able to send him money immediately. That is why the role of large investors is extremely important in “M” Charity Foundation. Using Illuminates platform Tom will have a chance to reach large investors, who are already registered on the platform.
Considering above, the Illuminates platform key benefits for the charity funds are: no fees, new level of transparency (where any participant could check the fund spendings), ability to gather team of expert and reach the large contributors audience. Using platform functionality Tom can establish his own charity fund in a few clicks, after completing the KYC process, choice the preferable currency start raising money to help children.