Boston, MA (PRWEB) February 11, 2009
Common Impact, a nonprofit organization that is helping global companies and local nonprofits build stronger communities through employee engagement programs, announced today that Capital One has become the primary sponsor of a major research study of nonprofit organizations. The relationship demonstrates Capital One's continuing commitment to supporting the kind of pro bono skills-based volunteering programs that Common Impact delivers through effective corporate partnerships.
The study, which was launched in 2007, includes three phases of research, the second and third of which will be underwritten through Capital One's generous $150,000 commitment to the project. The first phase, completed in July 2008, found that the vast majority of nonprofits significantly under-invest in operational areas such as marketing, HR and IT. In the second phase of the research, Common Impact will examine the relationship between capacity building and greater mission effectiveness, setting sector benchmarks and assessing which organizations meet those benchmarks. The third phase will be an analysis of the performance improvement that nonprofits realize by investing enough to meet or exceed the benchmarks defined for organizations of similar size.
"In underwriting Common Impact's research, we will help create a better understanding of infrastructure needs in the nonprofit sector on a national scale," said Emily Talley, senior director of community affairs at Capital One. "Pro bono volunteer service is an important part of Capital One's community engagement model, and through our work with Common Impact we are delighted to advance research that will foster stronger nonprofit organizations in our local communities."
Capital One maintains a strong commitment to good corporate citizenship through a variety of initiatives, from environmentally sound operating practices to community financial education, economic development lending, after school and literacy programs and holiday outreach activities. Details about Capital One's corporate citizenship can be found at http://www.capitalone.com/about/corporatecitizenship/index.php?linkid=WWW_Z_Z_Z_ABT_C1_01_T_ABT6.
"We are thrilled to have the support of Capital One, without which this substantial research effort would not be possible," said Theresa M. Ellis, founder and managing director of Common Impact. "By raising awareness about the challenges nonprofits face when it comes to funding and managing day-to-day operations, this study will provide new insights into how we can strengthen nonprofits and the communities they serve."
About Common Impact
Common Impact is a nonprofit organization that connects skilled professionals from global companies to high-potential local nonprofits. Our employee engagement programs match employee-volunteers with nonprofits that need help overcoming key business challenges. This innovative approach to corporate community service enables companies to realize a positive return on their social investment while building stronger teams and developing employee skills. At the same time, this access to private sector talent enables nonprofits to amplify their impact on the constituents they serve. Ultimately, our work helps foster stronger communities wherever those companies operate.
Further information can be found at http://www.commonimpact.org/.
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