The Telecom Foundation has announced the acquisition of GiveALittle, a New Zealand based crowdfunding site. GiveALittle is a zero feeds funding service. With the acquisition the 5% administration charge will be removed.
Givealittle.co.nz has moved into the traditional solicitation effort by fundraising over $2.3 million in donations for a variety of Kiwi causes.
The Telecom Foundation is committed to creating the dominant online crowdfunding site in New Zealand for Charities and causes which align with the foundation. The Foundation was founded in 2011 with the objective of building a better future for children and encouraging generosity. Now 100 % of donations on GiveALittle will go directly to the crowdfunded causes.
Givealittle founder Nathalie Whitaker stated ”the support of Telecom Foundation under the new ownership structure will enable Givealittle.co.nz to take a quantum leap in its market presence and its service offerings.”