SOURCE: United Way of America

July 14, 2008 11:30 ET

Nation's Largest Nonprofit Joins CreateHope, Inc.

New Company Optimizes the Supply Chain of Giving From Donor to Recipient

WASHINGTON, DC--(Marketwire - July 14, 2008) - United Way, the nation's largest nonprofit, and CreateHope, Inc. today announced the formation of Truist. The new for-profit company directly addresses market demand for an integrated, strategic approach to philanthropy management, supportive of the full supply chain of giving -- from donor to recipient. The combined company's solution suite, used by over 1,000 customers across more than 50 countries, represents a cumulative 3,000 programs, 1 million volunteers and $2.5 billion in charitable contributions.

"This is a dynamic and exciting time in the field of global philanthropy," said Truist CEO Bob Meagher. "The impacts of demographic change and technology have resulted in market demand for integration and automation of the philanthropic supply chain. Whether for an individual donor, a corporation or a nonprofit organization, there's a real need for connection -- to information, resources and results. By virtue of its legacy of expertise in serving each constituency, Truist has the unique opportunity to optimize the logistics of giving."

Truist, with offices in New York City and Washington, D.C., is uniquely positioned to power the planning, tracking and management of global employee and community involvement initiatives. The company combines the product suites and professionals of United eWay and CreateHope Inc., and infuses Truist with the capital, talent, relationships and reach to build on the accomplishments of its predecessors.

Truist products and services will continue to serve as the national United Way solutions. "Truist gives United Way the capability to expand and strengthen the online solutions we've provided donors and companies since United eWay was created. Truist will build on the expertise of both United eWay and CreateHope and enable us to provide even more valuable services to all sectors and local communities around the globe," said Brian Gallagher, president and CEO of United Way, which will be the largest shareholder in the company.

The new company results from a sale of assets from United Way's subsidiary, United eWay, to CreateHope, Inc. "This transaction brings together two of the most recognized, respected players in the philanthropic market," said Michael Korengold, President of Enhanced Capital Partners, a key shareholder in the new company. "Truist, through the combination of the legacy companies' complementary solutions, immediately brings an incredibly robust, mature offering to the market. Perhaps more importantly, the combination gives the new company the critical mass -- the size, strength and financial backing -- to be a true innovator. Truist is uniquely positioned to change the dynamics of worldwide giving."

About CreateHope, Inc.

Prior to the merger, CreateHope, founded in 1999, delivered enterprise community-involvement solutions to corporations via a configurable technology and service portfolio supportive of employee and company contributions, volunteer management, disaster response, nonprofit vetting and international deployment. The company entered the workplace-giving arena in 2001 with the first iteration of its flagship GivingStation® technology platform, and through the years built a client base that impacts communities around the world with thousands of volunteer hours and millions of company and employee charitable dollars.

About United Way

United Way is a global network, including nearly 1,300 local organizations in the U.S. that advance the common good, creating opportunities for a better life for all by focusing on the three key building blocks of education, income and health. The United Way movement creates long lasting community change by addressing the underlying causes of problems that prevent progress in these areas. LIVE UNITED is a call to action for everyone to become part of the change. For more information about United Way, please visit: www.LIVEUNITED.org.

About United eWay

Prior to the merger, United eWay, founded in 1999, referred both to a sizable organization of professionals and an integrated suite of products and services built to efficiently enable community-focused impact activities. The organization was a wholly owned non-profit [501(c)3] subsidiary of United Way of America -- the national leadership organization for the United Way system.

Contact Information

  • Media Contact:
    Maggie Logan
    CreateHope, Inc.
    Email Contact
    202-903-2567

    Del Galloway
    United Way of America
    Email Contact
    W: 703-836-7112, x 807
    C: 202-360-0279