SpreadKarma

Kellie and Sherman SpreadKarma

SpreadKarma™ seeks to be the leading social, volunteering, and fundraising platform for the advancement of underserved communities around the globe.

Mission: Our mission is to provide exposure, support, and access to funding for projects that create positive social impact in underserved communities.

Business model: SpreadKarma® has a “keep what you raise” flexible model. Our business model includes a 4.5% platform fee for each project on our site. The fees get assessed once the campaigner withdraws their funds. In addition to platform fees, SK will provide fundraising coaching by offering packages at additional costs. Our business model will also focus on hosting large philanthropic events that will connect donors to good causes. The SpreadKarma™ brand will also sell merchandise and apparel such as t-shirts and hats that promote social impact. The founder and co-founder will also launch and co-host a podcast that will discuss all things social impact, invite philanthropists and brands that represent social impact. Through the podcast, we aim to gain sponsorships and advertisements.

Products/Services:
  • Fundraising software
  • Fundraising coaching
  • Fundraising resources
  • Merchandise
Milestones:
  • One of our greatest successes to date is the BuyItBackBlack Fund. In the midst of the global COVID-19 pandemic and the national civil right uprisings due to police brutality, SpreadKarma™ partnered with a changemaker in Philadelphia, Malika Bethea, to start the BuyItBackBlack Fund. The goal of the “Buy It Back Black” Fund is to raise $10k every month from its members to help sustain or start a Black-owned business. In just 6 days, we fundraised over $12,000.
  • The SpreadKarma™ Launch Event on October 19, 2019, was an absolute success. During the live-giving event, SpreadKarma™ provided a platform for three organizations to pitch their mission and collect donations and support from the audience of donors. After each organization’s founder presented to the crowd, SpreadKarma™ challenged the audience to donate to the cause of their choice, using the SpreadKarma™ platform. Within 15 minutes, the platform helped raise over $2,000.
Greatest needs: Legal/Incorporation, Marketing, Accounting, Business & Life Coaching, Financial Resource Development, Human Resource Development, IT Solutions

SpreadKarma