Benevity Inc., the leading provider of global corporate purpose software, today announced a surge in corporate granting, with 38% year-over-year growth in grants processed on its platform. In 2023, Benevity clients made more than 25,000 grant disbursements worth almost $665 million. Benevity’s growing client community has contributed to the increase, with a quarter of new clients in 2023 leveraging Benevity’s grants management products as a part of their corporate social responsibility (CSR) programs.
Throughout 2023, Benevity has added 105 companies to its client community consisting of nearly 1,000 purpose-driven brands. Some of the new clients include Levi Strauss Foundation, FirstEnergy Corp, Pinterest and others.
In a year marked by ongoing economic volatility and polarizing social issues, we are inspired by the number of businesses who are putting significant social capital behind their statements and truly exemplifying what it is to be purpose-driven.
— Kelly Schmitt, Benevity CEO
We can now better align our philanthropic initiatives with our mission and values, ensuring that the grants we disburse are more targeted and impactful.
Liz Tellez, Levi Strauss Foundation Operations Manager
“Benevity’s grants management software has significantly enhanced the Levi Strauss Foundation’s capacity to manage and distribute funds to both domestic and international community partners and improved the efficiency and transparency of the foundation’s grant-making operations,” said Liz Tellez, Operations Manager at Levi Strauss Foundation. “We can now better align our philanthropic initiatives with our mission and values, ensuring that the grants we disburse are more targeted and impactful. Benevity also allows for better tracking and reporting of data, enabling our team to make data-driven decisions and optimize our grant-making strategy for the benefit of our community partners.”
Volunteering has also continued its upward surge in 2023 as a way for companies to build greater community in a hybrid working environment. The number of unique volunteers grew by 56% in 2023 compared to 2022 and the average monthly volunteering participation rate grew by 59% compared to the previous year. Increasingly, purpose-driven brands are looking to align all of their social impact initiatives – granting, employee giving, volunteering and DEI efforts – in a holistic way to meet their corporate mission and drive strategic impact.
In 2024, Benevity is continuing to invest in reporting and data-driven solutions to help companies truly understand and manage their impact.