Abundance Capital, a Greenville-based online platform where donors can recommend funding opportunities, launched Feb. 15.
The platform, which was founded by philanthropy and impact investment industry veterans Mike Gatchell and Margaret Gifford, privately opened in late 2021 and plans to work to connect available capital with ideas and talent throughout the Southeast.
In order to do this, Abundance Capital clients may make donations, advise investments and recommend grants that meet criteria from the United Nations’ Sustainable Development Goals, such as:
- Affordable and clean energy
- Decent work and economic growth
- Reduced inequalities
- Responsible consumption and production
Investors can also choose options curated by the platform with local nonprofit firms such as CommunityWorks, Greenville Housing Fund and Homes of Hope.
“After two decades of helping individuals support the institutions and causes they care most about, I heard again and again from donors, whether giving $100 or $100MM, that they want to do more with their philanthropy,” said Gatchell. “They want to solve deep problems, generate more impact, and create lasting prosperity for their communities. Abundance Capital provides a new and fun way for people to make their giving regenerative, using tax-deductible contributions for impact investing as well as granting.”
For more information, visit abundancecap.org.
