Bank’s Partnership with GiveMN’s Online
Donation Vendor Puts $183,000 More Dollars in the Hands of NonProfits
MINNEAPOLIS--(BUSINESS WIRE)--Nov. 13, 2012--
As Minnesota nonprofits and schools gear up for GiveMN’s Give
to the Max Day on November 15, would-be donors should know that more
of their dollars will go to the nonprofit and school of their choice,
thanks to a partnership with Minneapolis-based U.S. Bank.
In October 2010, U.S. Bank partnered with Razoo – the company that
powers GiveMN’s robust online donation platform – to process all
donations made through Razoo at a discount. The bank also waived select
card processing fees.
The discounts allow more donation dollars to make their way to
nonprofits and schools. In fact, since the start of U.S. Bank’s
relationship with Razoo, nearly $183,000 has been saved -- money that
has gone to the nonprofits Razoo supports, including GiveMN.
The cost savings is particularly important to GiveMN, which was created
to transform philanthropy in Minnesota by growing overall giving and
moving more of it online. Through its engaging web platform launched in
November 2009, GiveMN helps nonprofit organizations and schools of all
sizes reach new donors, increases giving through fun and engaging
campaigns and significantly reduces overall fundraising costs.
“The impact of U.S. Bank’s partnership with Razoo is much greater than
the cost savings,” said Dana Nelson, executive director of GiveMN.
“GiveMN was launched to take online giving to scale in Minnesota. To do
that, we needed to offer the lowest, most competitive processing fee.
U.S. Bank’s partnership with Razoo has enabled us to do just that.
Better still, we’re able to do that because of a partnership with a
well-respected, Minnesota-based bank.”
Give to the Max Day is a day for Minnesotans to come together to raise
millions of dollars for thousands of nonprofits and schools in 24 hours
– starting at midnight on November 15 through midnight on November 16.
To further support GiveMN, U.S. Bank will use its various social media
channels to promote Give to the Max Day on November 15.
“Minnesota is already known for its incredible generosity, and Give to
the Max Day is a great chance to showcase that,” said Elliot Jaffee,
U.S. Bank’s Twin Cities market president. “As a proud Minnesota-based
company, we hope to help make this year’s campaign another success.”
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $352 billion in assets as of September 30, 2012, is the parent
company of U.S. Bank National Association, the 5th largest commercial
bank in the United States. The Company operates 3,086 banking offices in
25 states and 5,080 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. U.S. Bancorp and its
employees are dedicated to improving the communities they serve, for
which the company earned the 2011 Spirit of America Award, the highest
honor bestowed on a company by United Way. Visit U.S. Bancorp on the web
Source: U.S. Bank
Nicole Garrison-Sprenger, 612-303-0731