Cause Marketing 2011 Golden Halo Award Winners Announced
eBay and DonorsChoose.org To Be Recognized at Cause Marketing Forum
May 19, 2011 12:59 AM ET
(3BL Media / theCSRfeed) May 18, 2011 - Each year, the Cause Marketing Forum honors one business and one nonprofit organization with a Cause Marketing Golden Halo Award for overall excellence in crafting programs that pay financial and social dividends.
This year’s recipients, eBay and DonorsChoose.org, will accept their Cause Marketing Golden Halo Awards at the Cause Marketing Forum Conference on June 2 in Chicago. Each will provide attendees with insights into their success with a keynote address followed by a Q & A presentation moderated by USA Today Business Reporter Laura Petrecca.
Cause Marketing Golden Halo Award for Business: eBay
eBay, the first e-commerce company to win CMF’s highest honor, is being recognized for a program launched in 2003: eBay Giving Works.
Giving Works makes it convenient for people to raise money for their favorite causes on eBay through several avenues: sellers can donate a percentage of anything they sell (and get that percentage off their listing fees), buyers can add a donation to any purchase, anyone can make an immediate cash donation, and nonprofits can sell directly—with all fees waived—to raise funds.
Giving Works is an outstanding example of a cause-initiative that is deeply integrated into a company’s business processes and that generates significant business and social dividends. For example:
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eBay buyers and sellers raised $54.8 million for nonprofits in 2010 and have generated nearly $250 million in donations since the program’s inception.
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Market research indicates the program is a boon to sellers. On average, buyers pay 2 to 6 percent more for items that benefit charity as indicated by displaying the blue and yellow Giving Works ribbon.
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Cause ties have attracted many new buyers and sellers to eBay over the years.