YourCause Acquires Profits4Purpose Expanding Employee Reach and Social Impact of Global Good Network
YourCause, LLC completed the acquisition of Profits4Purpose, a respected industry peer and provider of employee giving, volunteering, and grants management solutions to 20 recognized global brands. The acquisition adds over 700,000 new employees to the existing 7+ million employees served by the YourCause Global Good Network and will result in collective impact of over $600 million in donations, 15+ million volunteer hours, and employee engagement in 170 countries throughout 2018.
Founded in 2008 and headquartered in San Diego, California, Profits4Purpose extends YourCause’s industry leadership position in the total number of employees served by its CSR technology platform and expands YourCause’s presence on the West Coast. YourCause now serves over 270 enterprise clients through five locations – its Plano, Texas corporate headquarters and regional offices in Florida, South Carolina, Southern California, and Washington.
“Our acquisition of Profits4Purpose is a meaningful addition to the Global Good Network and the positive impact we deliver through our corporate partners and the nonprofit organizations we work to support. Over the years, I have come to know and respect Jason, his entire team, and their like-minded approach to this industry. Like YourCause, they have been steadfast in their commitment to maximizing the impact of every dollar donated by not taking unnecessary transaction fees that work against the mission and purpose of the nonprofits we serve. I am confident that together we will be far more effective in delivering innovation to our network of enterprise clients, their employees, and nonprofit partners, and in making a positive impact to our world,” stated Matt Combs, Founder and CEO of YourCause.
Jason Burns, CEO of Profits4Purpose, said of the acquisition, “We are thrilled to join forces with YourCause. Our partnership will greatly expand our capabilities to fulfill our mission of powering the world’s most highly participated corporate philanthropy initiatives. With the benefit of YourCause’s global scale, expertise, and resources, we will be able to increase the financial impact of our clients’ commitments to their communities and the causes of their employees.”
YourCause continues to see strong growth in employee engagement across their network of corporate partners. In 2017, total employee giving increased by 24% to $557 million, while total volunteer hour tracking increased by 33% to more than 7.2 million total hours.
“Vendor consolidation continues to shape our industry, and YourCause is fortunate to play a leadership role in bringing together the best product and service offerings into a single platform. Together with our acquisition of GoodDoneGreat just eight months ago, we believe that Profits4Purpose will contribute significantly to our strategy guiding the growth and evolution of our industry in the most socially impactful manner possible, while maximizing each donation for the more than 125,000 nonprofits that count on us to fulfill their missions,” added Combs.
YourCause will continue to support the Profits4Purpose technology platform while implementing improvements to relationship management, product support, and end-user service for both enterprise clients and nonprofits. Additionally, the company expects to announce new and enhanced platform capabilities and expanded service offerings in 2018 as a result of the increased resources and shared vision of the combined YourCause and Profits4Purpose businesses.
Profits4Purpose exists to empower companies with the tools to effectively engage their company and employees in achieving a positive impact in the city where they live, work, and play. By making it as easy and advantageous as possible for companies to get involved in community outreach, we desire to increase corporate support and create a movement of companies increasing their partnership to strengthen their local community.