The Good Exchange has revealed significant growth figures as it celebrates its third anniversary today. In its third year of operations, the platform disbursed over 1,200 grants (with a 74% increase in total grant value to over £2.1m) and saw a 117% rise in the number of applicant organisations registering to use the platform. In addition, the number of projects achieving full funding via the platform has jumped by 70% in the last year.
The platform has also made significant updates to its online charitable giving solution including the ability for funders to seamlessly extract the information entered by charitable causes seeking funding via The Good Exchange’s single application form into their grant management/Customer Relationship Management (CRM) systems. This transparent sharing of data enables grant givers to benefit from a standard stage 1 application form, streamline their processes and collaborate with other registered funders whilst maintaining full control over grant-making decisions. Integration with the leading WhatsApp social messaging app allows users to add a WhatsApp ‘share’ icon to their organisation and/or fundraising project page which supporters of fundraising projects can then use to send instant links to their friends and family to drive donations and awareness.
“Nearly 60% of charitable projects that have started fundraising through the platform since its inception in 2016 have raised some money,” said Ed Gairdner, COO of The Good Exchange. “This is a significantly higher rate than that found more generally across the charitable sector where our research found that only 41% of grant applications receive some funding.”
