Posiba, a San Diego based startup, has made it their mission to give the charitable giving landscape a makeover with their highly anticipated launch. To accomplish this goal, Posiba is bringing people and information together for greater impact via aggregated information and data services that support foundations, governments, charities, and donors.
That is, anybody seeking to improve individual lives and societies have long felt the absence of a way to measure their influence in hard, analytic data. According to Elizabeth Dreicer, CEO of Posiba, a lot of them recognize that they need intelligent information to drive more positive impact, and they’re ready to adopt solutions that are both easily deployable and affordable.
Posiba was created as a joint effort between Dreicer and the then COO of The California Endowment B. Kathlyn Mead. Their experiences serving on nonprofit and foundation boards, the two were driven to better understand the influence of charitable giving.
However, they ran into the same lack of data and analysis; the duo set out to explore the market and start Posiba. The platform they built does the legwork by creating a hub of information in a community so organizations no longer have to collect information from scratch.
“Posiba enables any size foundation, nonprofit or government organization to be empowered with information in a way that is actionable and focused on impact,” says Dreicer. “Posiba was created to advance the charitable sector through democratization of knowledge. We believe that with feedback, powered by metrics and shared knowledge, organizations can become instrumented for learning and this will drive positive impact in their funding choices and program development.”
According to the National Center for Charitable Statistics, in the US alone public charities hold over $3.0 trillion in assets with annual donor contributions and grant-making of approximately $350 billion.
“While the private sector has been quick to understand and capitalize on the value of data analytics and visualization, nonprofits (including endowments and foundations) have not likely due to resource limitations,” said Mead. “However we knew if we could harness the right data and present it in an accessible way, the results could be game changing.”