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Founders Pledge
Founders Pledge is a London-based charitable initiative, where entrepreneurs commit to donate a portion of their personal proceeds to charity when they sell their business. The mission of Founders Pledge is to "empower entrepreneurs to do immense good". By October 2024, 1,970 entrepreneurs across 30 countries have signed up to Founders Pledge. Collectively, they have pledged to donate $10.3 billion in share value (of which $1.4 billion in donations have been completed to date). History Founders Pledge was initially launched in 2015 by the Founders Forum for Good, which focuses on helping social entrepreneurs build and scale businesses. David Goldberg, co-founder and CEO of Founders Pledge, has stated that the work of 80,000 Hours have influenced the trajectory of the organization. Founders Pledge was named one of the New Radicals 2016, which are "innovative projects chosen by The Observer and Nesta as making a real difference to society". Starting in London, Founders Pledge ha ...
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London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ...
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Mustafa Suleyman
Mustafa Suleyman (born 1984) is a British artificial intelligence (AI) entrepreneur. He is the CEO of Microsoft AI, and the co-founder and former head of applied AI at DeepMind, an AI company acquired by Google. After leaving DeepMind, he co-founded Inflection AI, a machine learning and generative AI company, in 2022. Early life and education Suleyman's Syrian father was working as a taxi driver and his English mother as a nurse. He grew up off Caledonian Road, London, where he lived with his parents and his two younger brothers. Suleyman went to Thornhill Primary School, a state school in Islington, followed by Queen Elizabeth's School, Barnet, a boys' grammar school. Around that time, he met his DeepMind co-founder, Demis Hassabis, through his best friend, Demis's younger brother. Suleyman shared that he and Hassabis would discuss how they could make a positive impact on the world. Suleyman enrolled at the University of Oxford where he was an undergraduate student at Mansf ...
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Organizations Established In 2015
An organization or organisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences) is an legal entity, entity—such as a company, or corporation or an institution (formal organization), or an Voluntary association, association—comprising one or more person, people and having a particular purpose. Organizations may also operate secretly or illegally in the case of secret society , secret societies, criminal organizations, and resistance movements. And in some cases may have obstacles from other organizations (e.g.: Southern Christian Leadership Conference, MLK's organization). What makes an organization recognized by the government is either filling out Incorporation (business), incorporation or recognition in the form of either societal pressure (e.g.: Advocacy group), causing concerns (e.g.: Resistance movement) or being considered the spokesperson o ...
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Companies Based In The London Borough Of Southwark
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Charity Fundraising
Charity may refer to: Common meanings * Charitable organization or charity, a non-profit organization whose primary objectives are philanthropy and social well-being of persons * Charity (practice), the practice of being benevolent, giving and sharing * Charity (Christian virtue), the Christian religious concept of unlimited love and kindness Places * Charity, Guyana, a small township * Charity, Missouri, a community in the United States * Mount Charity, Antarctica * Charity Glacier, Livingston Island, Antarctica * Charity Island (Tasmania), Australia * Charity Creek, Sydney, Australia * Charity Lake, British Columbia, Canada * Charity Island (Michigan), United States Arts and entertainment * ''Charity'' (play), an 1874 play by W. S. Gilbert * ''Charity'' (novel), third in the ''Faith, Hope, Charity'' espionage trilogy of novels by Len Deighton * "Charity" (song), a 1995 single by Skunk Anansie * "Charity" (Courtney Barnett song) * "Charity", a 1912 Cole Porter song - see ...
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Charities Based In London
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership. Financial figures (e.g. tax refunds, revenue from fundraising, revenue from the sale of goods and services or revenue from investment, and funds held in reserve) are indicators to assess the financial sustainability of a charity, especially to charity evaluators. This ...
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Altruism
Altruism is the concern for the well-being of others, independently of personal benefit or reciprocity. The word ''altruism'' was popularised (and possibly coined) by the French philosopher Auguste Comte in French, as , for an antonym of egoism. He derived it from the Italian , which in turn was derived from Latin , meaning "alterity, other people" or "somebody else". Altruism may be considered a synonym of selflessness, the opposite of self-centeredness. Altruism is an important moral value in many cultures and religions. It can Moral circle expansion, expand beyond care for humans to include other Sentience, sentient beings and future generations. Altruism, as observed in populations of organisms, is when an individual performs an action at a cost to itself (in terms of e.g. pleasure and quality of life, time, probability of survival or reproduction) that benefits, directly or indirectly, another individual, without the expectation of reciprocity or compensation for that ac ...
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Raising For Effective Giving
Raising for Effective Giving (REG) is a charity fundraising nonprofit. Its members consist mostly of professional poker players and financial investors who pledge to donate a percentage of their income to selected charities. Philosophy REG was founded based on the view that in order to reduce suffering in the developing world, people in the developed world should donate to particularly effective charity organizations. REG donates to, and recommends, selected charities based on their cost-effectiveness. One criterion in the cost-effectiveness evaluations is how much money the charity requires to save a life. REG's outreach focuses on professional poker players, because it believes that they have strong quantitative skills, making them better suited for REG's messages about cost-effectiveness. In addition, poker is a large industry with substantial monetary prizes. Activities There are 87 members of REG, who have each pledged to donate at least 2% of their income. Recipients ...
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Giving What We Can
Giving What We Can (GWWC) is an effective altruism nonprofit that promotes effective giving through education, outreach, and advocacy around the 10% Pledge, which encourages members to donate at least 10% of their income to effective charities. It was founded at Oxford University in 2009 by philosophers Toby Ord and William MacAskill. History Giving What We Can was launched as a giving society with 23 members in 2009 by Toby Ord, an ethics researcher at Oxford, his wife Bernadette Young, a physician in training at the time, and fellow ethicist William MacAskill with the goal of encouraging people to give at least 10% of income over the course of their working life to alleviate world poverty. This is similar to ''Tithes in Judaism, Ma'aser kesafim'' in Jewish tradition and zakat in Islam, but Ord said there was no religious motivation behind it. Ord cited writings from Peter Singer and Thomas Pogge about one's moral duty to give to the poor as inspiration for starting the org ...
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Earning To Give
Earning to give involves deliberately pursuing a high-earning career for the purpose of donating a significant portion of earned income, typically because of a desire to do effective altruism. Advocates of earning to give contend that maximizing the amount one can donate to charity is an important consideration for individuals when deciding what career to pursue. Proponents In his 1872 sermon "The Use of Money", theologian John Wesley urged followers: "Having, First, gained all you can, and, Secondly saved all you can, Then "give all you can."" In the 1996 book '' Living High and Letting Die'', the philosopher Peter Unger wrote that it was morally praiseworthy and perhaps even morally required for people in academia who could earn substantially greater salaries in the business world to leave academia, earn the greater salaries, and donate most of the extra money to charity. Moral philosopher Peter Singer laid the foundations for effective altruism and earning to give in his 1971 ess ...
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Kabbage
Kabbage was an online financial technology company based in Atlanta, Georgia. The company provided unsecured loans and funding directly to small businesses and consumers through an automated lending platform. In 2020, the company was acquired by American Express and its mobile app was rebranded to ''American Express Business Blueprint''. History Kabbage publicly launched and began providing loans in May 2011. In 2012, it opened its San Francisco office and subsequently raised US$30 million in Series C financing. Beginning in February 2013, the company expanded internationally, entering the United Kingdom and raising further debt financing. Between 2014 and 2017, the company raised a further $435M in equity funding, and $970M in debt financing. At its peak, Kabbage was lending over $1B each year to small businesses. On October 16, 2020, Kabbage was acquired by American Express and was subsequently rebranded to ''American Express Business Blueprint''. In October 2022, Kabbage ...
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Kathryn Petralia
Kathryn Petralia is an American entrepreneur, and the co-founder and COO of Kabbage. In November 2017, she was assessed by ''Forbes'' as being the 98th most powerful woman in the world. In December 2017, she was listed in a TechCrunch feature on 42 women succeeding in tech that year. Early life and education Kathryn Petralia was born on 17 August 1970. At age nine, she was given a TRS-80 computer by her parents, and developed an interest in technology. She was an English major and earned a B.A. in English literature from Furman University. Career Startups Starting in the early 1990s, she began working at companies focused on "technology, payments and e-commerce." She became involved in "alternative lending" in the late 1990s. She also launched a west coast commerce startup in the mid-1990s. Early on she was involved with US Web. She was director of strategy for Visionary Systems. Early on, she was a vice president and co-founder of WorthKnowing.com, which was later sold to C ...
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