Network for Good

“Thanks to RSF, we were able to make good on nearly $3 million in
donations to more than 2,300 non-profit organizations when our payment processor, PipeVine, Inc., unexpectedly closed its doors in 2003.”

- Ken Weber,
President, Network for Good

Emerging non-profits need fuel for growth just like any other small business. In the case of Network for Good, a line of credit from RSF provides a timely source of capital for addressing both short-term cash flow and mid- to long-term growth prospects.

The line of credit from RSF enables Network for Good to pay off some of the debt it accrued in the wake of the collapse of one of its vendors, PipeVine, and the losses Network for Good absorbed as a result. More important, the funds enables Network for Good to continue to develop the software it provides to non-profits for online fundraising and donor management.

For Ken Weber, President of Network for Good, the line of credit is a key component of Network for Good’s business strategy over the next 12 to 18 months. “Our mission is to drive more resources to non-profits and the primary way we do that is by providing organizations with low-cost, easy-to use tools for online fundraising,” Weber said. “With the line of credit, we’ll be able to pay for the creation of an enhanced set of tools to enable non-profits to do more for themselves.”

Working closely with more than 4,000 non-profits, Network for Good is no stranger to the direct, positive impacts of its work. In the first week after the tsunami hit south Asia, an organization called Architecture for Humanity was on the ground helping with rebuilding efforts.

According to Cameron Sinclair, founder and executive director of Architecture for Humanity, “Without Network for Good we would have not been able to work on the ground so quickly. I was on the phone with my team in Sri Lanka. [They] were doing an assessment in a small fishing village in the southeast coast. While in discussion, I was able to log onto Network for Good’s reporting system (which shows up-to-the-minute donations) and give verbal commitment that we could expand on the number of homes, schools, and medical clinics we could fund. I guess you could say Network for Good was a real lifesaver.”

Network for Good is a leading provider of online products and services to non-profits to help them take advantage of the Internet as a tool for fundraising, volunteer recruitment, and engagement. Network for Good is also a website where individuals can connect with causes they care about by donating to more than a million non-profit organizations and by choosing from among tens of thousands of volunteer opportunities nationwide.
For more information about Network for Good, please visit their website at www.networkforgood.org.

Thursday, March 31st, 2005