Common Impact and Fidelity Investments Scale Impact Week to 9 Cities
October 16, 2019 /3BL Media/– Common Impact, a nonprofit that pioneered corporate skills-based volunteering is collaborating with Fidelity Investments® to expand Impact Week, its 4th annual wide-scale flash consulting event where Fidelity Investments volunteers utilize their business expertise to support local nonprofit organizations in building capacity to serve their communities. This year, the initiative is one of the largest to-date, spanning across 9 regions and pairing nearly 500 Fidelity Investments volunteers and 85 nonprofit teams, resulting in an anticipated investment of close to $650,000.
Fidelity Investments volunteers will address challenges across a variety of functional areas during Impact Week, including technology, marketing, communications, human resources, and operations at local nonprofits.
“Most nonprofits are woefully underfunded in critical areas such as operations, technology, stakeholder communications and human resources, which often comprise less than 2% of a organization’s budget,” said Danielle Holly, CEO of Common Impact. “Fidelity’s Impact Week injects the expertise and capacity that give nonprofits a roadmap to what’s possible and how to use their current resources to grow. At the same time, these nonprofits are building long term relationships with Fidelity and its employees.”
Impact Week nonprofit partners have emphasized the tangible impact the event has had on their organizations. “We were so impressed with the efficiency, brilliance and focus of the tech teams and what they accomplished in such a short time,” said Miya King of The Budd Center, a Dallas-based organization that works to break the cycle of poverty. “Our partners are finding our services timely and easy to use, which ultimately brings us closer to the long-term systemic change we seek to create.”
Impact Week not only allows for a deeper investment in the community, but provides volunteers with the forum to further develop their expertise and collaborate across departments.
“Fidelity has long believed in the power of skills-based volunteering, “said Steve Neff, Head of Asset Management at Fidelity Investments. “We consider it a key pillar of our community engagement model, as well as a critical experiential learning program for our associates. When our employees and our nonprofit partners come together during Impact Week, there’s shared learning and a true partnership that’s formed.”
This year, Impact Week kicks off on Monday, October 21st in celebration of Pro Bono Week, an annual international holiday that celebrates the power of pro bono service.
About Common Impact
Common Impact is a national nonprofit that works to build a society in which individuals and businesses invest their unique talents towards a shared purpose: strengthening the local communities in which we live and work. Founded in 2000, Common Impact has partnered with Fortune 500 companies and hundreds of the country's leading nonprofit organizations to create this transformational change through skills-based volunteering. Learn more about Common Impact's services, impact and clients.
About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.7 trillion, including managed assets of $2.8 trillion as of June 30, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 26 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.
Debra Caruso Marrone