Also, this is an excellent example of where competition brings about good. Keep your thinking-caps on as to how something like this could work at Kiva. The rules of the challenge are:
All donations up to $5,000 per individual made to eligible GlobalGiving Green projects on
www.globalgiving.com are eligible for a 50% match. Donations may be made online or via check will be matched, but redemption of gift certificates are not included in the match. Purchase of Gift Cards on GlobalGiving are not eligible for match. Match will be available from April 4 - April 28 or until $25,000 in matching funds have been depleted.
In addition to matching funds, projects are eligible to compete for additional funding. The three projects receiving the greatest number of donations will receive bounty prizes of $5,000, $2,500, and $1,000, respectively. Even if matching funds are depleted, the challenge portion of the campaign will continue until April 28th
Here is another similar competition at GlobalGiving:
Global Engagement Summit Project Challenge 2009
The Challenge will begin at 12:01 am on April 17, 2009 and will close at 3:00pm EDT on May 8 2009. While the competition is open, participants will compete to generate donations for their projects. At the close of the competition, ANY Project that is able to raise a minimum of $4,000 and at least 50 separate donors will be invited to stay on at GlobalGiving. These projects will be eligible to continue receiving donations from the general public, private and corporate foundations through
www.globalgiving.com.
The top three fundraising projects (most dollars raised) that meet the minimum threshold ($4000 raised from 50 separate donors) will also receive supplementary cash bonuses from the Center for Global Engagement (CGE) and GlobalGiving of $3,000, $2,000 and $1,000, respectively. The project with the greatest number of unique donors (and meeting the minimum threshold of $4000 and 50 separate donors) will be awarded a bonus of $1,000.
Online donations will be accepted through May 8th, 2009. Checks received by May 7th , 2 PM will be included in the Challenge and will count towards the number of unique donors for each project. Checks received after May 7th will be applied to the indicated project, but will not count towards the Challenge. Checks should be made payable to the GlobalGiving Foundation and should clearly indicate the project to which the funds should be applied.
If a project chooses not to move forward with implementation within 180 days from the date of listing the project on GlobalGiving, the funds raised during the competition will be re-allocated to another winning project in the GES Project Challenge. The student responsible for the re-allocated project will have the choice to recommend which winning project from the GES Challenge will receive the re-allocated funds.
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