Brokerage Firm Commits Percentage of Commissions to Support High Impact Funds
Submitted by: Global Impact
Posted: Feb 12, 2015 – 11:18 AM EST
ALEXANDRIA, VA , Feb. 12 /CSRwire/ - Global Impact is excited to announce that it has been named a charity of choice for Caritas Partners and will collaborate with the firm to support people in need around the world through charitable High Impact Funds. Caritas Partners, LLC, a New York-based securities trading firm, was founded in 2012 as a capitalist enterprise on a mission. The company donates a predetermined percentage of gross commissions, not just profits, to charity based on the client’s preferences. “Caritas Partners grew from the belief that daily trading activity provides an untapped opportunity for raising charitable revenue,” said Founder and Chief Executive Officer Richard C. Naso. “Global Impact’s work on behalf of the most vulnerable people is more urgent now than ever, and Caritas Partners is proud to partner with them in their critical work.” Caritas Partners’ clients now have a robust international giving option through Global Impact’s individual funds focused on education, clean water, human trafficking, disaster response, global health, hunger, malaria, economic development, and women and girls
“Global Impact believes in the power of collaboration and our work with Caritas Partners will further our mission of building partnerships and resources for the world’s most vulnerable people,” said Global Impact Vice President Joseph Mettimano. “Caritas Partners’ approach looks beyond the bottom line, and they are committed to helping others as their business grows. We are excited to be partnering with Caritas to support our High Impact Funds and look forward to seeing how we can change the world together,” he continued.
Global Impact’s High Impact Funds focus on the most pressing issues affecting people in need in the developing world. To implement these funds, Global Impact partners with established nonprofits that have “boots on the ground” and are leaders in each programmatic sector. The charities are vetted against high standards for performance, accountability and financial stewardship. Success stories and mapping for each fund are maintained using a custom website so that donors can see how and where their gifts are having an impact.
About Global Impact
Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and secretariat services; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency, technology services and integrated giving platforms. Global Impact works with approximately 450 public and private workplace giving campaigns to generate funding for an alliance of more than 120 international charities. Through strategic council and implementation support, Global Impact equips private sector and nonprofit organizations to achieve their philanthropic goals. The organization serves as administrator for one of the world’s largest workplace giving campaigns, the Combined Federal Campaign-Overseas. Since 1956, Global Impact has generated more than $1.7 billion to help the world’s most vulnerable people.
About Caritas Partners, LLC
Caritas Partners is a Wall Street brokerage firm and division of broker/dealer Aegis Capital Corp (member FINRA/SIPC) that offers a highly innovative share repurchase program. We use our trading desk as the spring-board for corporate social responsibility (CSR) and charitable giving. Our “Buyback to Giveback” program moves Wall Street from business as usual to business as useful. With every repurchase order we execute, Caritas Partners donates up to 50 percent of our gross commissions to a charity of our client’s choice. Our team is made up of former members of the NYSE, and we take a high-touch, personalized approach to trading. Our model also offers a trading platform with charitable benefits to hedge funds, pension funds, endowments, and family offices. In each transaction, we turn daily trading for companies into financial gain for charities. Together with our corporate and charitable partners, Caritas Partners is putting stock in charity.
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