The growth of our program is projected to increase in a relatively short time to include thousands of merchants. The mission purpose of the FUND of America, since our inception in 2006, is based on the model of teaching someone to fish rather than giving them a meal. Our mission has been to empower under-served entrepreneurs. The FUND of America is destined to become a leader in nonprofit entrepreneurial services across the nation.
In September of 2004, it was realized by the founding director that there is a sector of the nonprofit community which needs credible, reliable assistance in achieving their funding goals. This sector, usually with yearly funding less than $25,000, has difficulty in acquiring grants and contributions either for reasons of lack of administration knowledge or techniques or simply because of the nature of their exposure to the funding sources.
Months of research revealed that these nonprofits relied not only upon private foundations and individuals, but also dedicated corporate donors for the majority of their funding. It was through research that we realized corporate donation amounts were a function of profit. Being familiar with the phenomenal growth and profit within the credit card industry, the director deduced that the corporate credit card merchant account was a logical source for increasing these contributions.
The Foundation for United Nonprofit Distribution of America was formed.
Initial corporate and nonprofit status began in the Fall of 2006. As this vision has developed, we now see that we can be in a position to not only provide a funding vehicle for these nonprofits, but also to fund our own mission of empowering the Social Entrepreneur and begin the process of educating society’s recognition of these visionists.
The Internal Revenue Service approved our exempt status as a 501c3 Donor Advised Fund / Public Charity retroactive to November 16, 2006.