10x10 is on a mission to fight apathy and engender a culture of giving and philanthropy amongst young professionals. They provide the tools and technology to enable groups of passionate young volunteers to create live crowdfunding events.
10x10 events are run by volunteer committees who research and select three innovative charities. They do due diligence on them so they know the charities are of a scale where the collective contribution of 10x10 will make an impact.
Once three charities have been selected the 10 x 10 committee then brings 100 people together for an evening event, each guest contributing $100 in advance - so that collectively $100 is going to turn into $10,000 (minimum).At the event, guests are then given their $100 back in the form of tokens to allocate these to any of the three charities over the course of the evening.
Each of the three charities has five minutes to deliver their pitch in the style of the popular UK TV show, the Dragons Den. They put their pitch to the audience, and to the guest ‘dragon’, a role played by prominent philanthropic Australian business men and women such as Mark Carnegie, Bill Ferris and Audette Exel. The dragon grills each charity about their pitch and business model. When all the pitches are done, the audience decides how to allocate their tokens based on whose pitches or cause inspired them the most. At the end of the event there is a call for volunteers to form the next 10x10 committee, hence the model continues to self-perpetuate and scale.
Since its inception in 2013 10x10 has ran over 35 events and raised over $750,000 for 80 charities. Events are run in Australia and in Hongkong, London, Vancouver and soon the USA. 10x10 also offers opportunities to run corporate 10x10events.
To contact 10x10 or run an event or find out more go to https://10x10philanthropy.com
10x10 receives the support of the Philanthropy Australia New Generation of Giving Program and is also proudly supported by MH Carnegie & Co.
The 2017 Philanthropy Meets Parliament Summit brought funders, nonprofits and policy makers together for two days of inspiring keynotes, case studies and challenging conversations about philanthropy’s role in advocating for change.