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How does CareerVillage.org make money?

I wish to know how this awesome project (careervillage.org) makes money in order to ensure the project is running through out.
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Jared’s Answer

Hi Cornelius. CareerVillage.org makes money when individual donors, large companies, or "venture philanthropy" institutions give us grant funding. Here are some examples:

  • Individual donors give us donations that range in size from $1 to $10,000, depending on who they are and what they are able to donate. We don't ask that often for individual donations, but it really does help.
  • Companies like PwC, AT&T, AIG, Fidelity, Okta, Verizon, and others give us grants. In exchange, we provide them with impact reports that show them not only how many young people our community was able to support as a result of that funding, but also how much career advice their employees have been able to give by volunteering to answer career questions on CareerVillage.org. And we also do work to help facilitate those employees' volunteering, so that they have a good experience as volunteers, which will keep them happily giving advice to students for a long time.
  • Venture philanthropy institutions: I'm using this term to capture a whole bunch of organizations who have given us grant money as part of competitions or innovation awards. FastForward, Aspire, Lumina Foundation, and several others have all awarded us some amount of money because they believe that CareerVillage.org is worthy of growing and making stronger.

But there are limits to how much money we can raise through these methods, so we are also looking for other ways to raise money so that we can grow the community faster, improve the website faster, and help more students get ready for careers faster.

My personal story related to this: For the first couple of years of CareerVillage we basically didn't have any money, and I wasn't getting any compensation at all, and I was paying for the servers to run basically out of my savings. I started off raising money from friends and family for CareerVillage.org which was where we got our first dollar. As a result, CareerVillage moved very slowly and took a long time to get things done. It took years before we were able to find some solid and predictable revenue which would allow us to actually hire our first employee and start spending money on things that would save us time. At some point, we figured out how to add in the corporate partnership model, and that was a big accelerant. But a big part of my job as Executive Director is to make sure that we have enough money to have the staff we need to execute on our strategy to provide as much help to students as possible.

Source: I'm the Executive Director of CareerVillage.org


Side note... Why do you ask? Just curious? Or are you considering a career future in the nonprofit sector? Jared Chung BACKER

Many thanks Jared. You have truly answered this question very well as far as i am concerned. Your personal story relating to the question even added more value to the wealth of information you had already shared above. On your side note below... Why i asked the question? You are very correct, i am considering a career in the nonprofit sector. I think there are many opportunities in this sector where people can work towards making this world a better place for all. May God bless you as you continue spearheading the home of career advice, careervillage.org. Thankyou very much. Cornelius M.

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Hammdy’s Answer

Hello Cornelius,

I would think money is raised via partnerships and donations.

Best,

Hammdy


Thanks Hammdy's for your response, however the answer is too brief, especially in regard to partnerships Cornelius M.

You can check https://www.careervillage.org/partners/ for details about partnerships, highly unlikely you will get any detailed answers unless a CV employee responds. You can dig through CVs Press section and try to find further details like the following article: https://thejournal.com/articles/2016/05/11/careervillage-partners-with-dell-to-produce-techweek.aspx. Hammdy Beydoun, PMP

Thanks for chiming in on this one Hammdy! You hit the nail on the head :) Jared Chung BACKER

Thank you Hammdy for the additional information regarding my question. Cornelius M.

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