CHARLESTON, S.C., Jan. 11, 2018 /PRNewswire/ -- inFactor, a Financial Technology company focused on liquidity solutions for Small & Medium Sized Businesses, today announced its adoption of the 1-1-1 model of corporate philanthropy.
Pioneered by salesforce.com, the idea behind the 1-1-1 model is to harness the power of a company's resources, such as the financial resources, equity and employee time to improve communities around the world. To coordinate this effort, inFactor has established the inFactor Foundation ("Foundation"), a non-profit organization dedicated to serving as a clearinghouse for opportunities for corporate philanthropy.
Following the 1-1-1 model, inFactor pledges to donate:
- 1% Corporate Profits – inFactor will be donating one percent of the company's annual profit to the Foundation to support donations to deserving causes and charitable organizations.
- 1% Equity - inFactor will donate one percent of the outstanding common stock of the company to the Foundation to support long-term giving initiatives.
- 1% Employee Time - inFactor employees receive two and a half paid days off each year to volunteer in the communities where they live and work. Through the Foundation, inFactor will be developing partnerships with charitable organizations to help connect employees and opportunities for service.
The 1-1-1 model has been adopted by several technology leaders, including: Appirio, Atlassian, GetFeedback, Google, Splunk, VMware and Workday, among others.
"As Theodore Roosevelt once said, 'This country will not be a good place for anyone to live unless we make it a good place for all of us to live in.' This applies as much to corporations as it does to individuals," said McLean Wilson, Chief Executive Officer of inFactor. "In order for us to thrive as a company, we need to ensure that the communities in which we do business are also thriving."
inFactor is an integrated Financial Technology company providing liquidity solutions across the spectrum of non-bank lending. The company exists to fill the chasm between the capital needs of small and midsized businesses and the services offered by the traditional banking system. inFactor operates three distinct, but complimentary, lines of business including direct finance, institutional structured finance, and servicing & analytics.
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