Lyft's Innovative Partnership with Change Boosts Charitable Impact
The program has already raised over $42 million for nonprofits
Lyft, Inc. (Nasdaq: LYFT) has formed an exciting alliance with Change, a leading technology platform specializing in charitable donations. This collaboration powers the Round Up & Donate program, a significant initiative that allows riders to donate a little extra with every ride.
Overview of the Round Up & Donate Program
Launched in 2017, the Round Up & Donate program has achieved remarkable success, enabling Lyft riders to contribute over $42 million to various nonprofits. Through this initiative, riders can round their fare to the nearest whole dollar and donate the difference to selected nonprofit organizations. This seamless integration of philanthropy into everyday transport has helped support critical causes like Goodwill, Welcome.US, the Human Rights Campaign, and the YMCA.
Benefits of Using Change for Round Up & Donate
Change automates essential processes such as nonprofit eligibility checks, managing payment timelines, and reporting, significantly freeing up Lyft's social impact team to foster partnerships and engage riders effectively. This efficiency allows Lyft to focus more on meaningful collaboration while maximizing the impact of each contribution.
Recent Developments in the Program
Expanding the program's reach, Lyft recently welcomed five additional nonprofits into the Round Up & Donate initiative, creating more opportunities for riders to support causes they are passionate about. This expansion showcases Lyft's commitment to enhancing community support and involvement.
Voices From the Leadership
Celia Moreno, the Senior Social Impact Manager at Lyft, expressed pride in the progress made thus far, saying, "We are proud of the progress of our Round Up & Donate program. Working with Change allows us to confidently expand Round Up & Donate and deliver even greater impact." This sentiment reflects the positive change instigated by Lyft's innovative approach towards charitable giving.
Amar Shah, the Co-Founder of Change, echoed similar optimism: "Lyft is a pioneer in everyday giving, and we're proud to support them as Round Up & Donate scales to reach even more nonprofits. This is exactly what Change was built to do: help companies launch, expand, and maintain charitable giving programs with confidence." This collaboration serves as a model for how businesses can effectively integrate charitable efforts into their operations.
About Change and Lyft
About Change
Change is a technology platform that empowers companies to develop and manage compliant charitable giving programs on a large scale. They offer tools such as a Donations API, compliance dashboards, and nonprofit verification mechanisms that facilitate initiatives like round-ups and percentage-of-purchase campaigns. By ensuring compliance with various state requirements, Change helps make charitable giving seamless and transparent.
About Lyft (Nasdaq: LYFT)
Lyft is dedicated to enhancing mobility and connectivity. Since its inception in 2012, Lyft has evolved into a comprehensive global mobility platform that includes rideshare, taxis, car sharing, bikes, and scooter services across numerous cities and continents. Millions of drivers have participated in this transformative journey, contributing to creating a more interconnected world. Through their LyftUp initiative, Lyft continuously supports communities, providing reliable, affordable transportation while encouraging riders to engage in charitable activities through programs like Round Up & Donate.
Frequently Asked Questions
What is the Round Up & Donate program?
The Round Up & Donate program allows Lyft riders to round their fare to the nearest whole dollar and donate the difference to participating nonprofit organizations.
How much money has been raised through the program?
As of now, the Round Up & Donate program has raised over $42 million for various nonprofit organizations.
Which nonprofits are supported by the program?
The program supports numerous nonprofits, including Goodwill, Welcome.US, the Human Rights Campaign, and the YMCA.
What role does Change play in this partnership?
Change provides the technology and infrastructure necessary for Lyft to manage the Round Up & Donate program efficiently, including nonprofit verification and automated reporting.
How can riders participate in the Round Up & Donate program?
Riders can easily participate by choosing to opt-in to the Round Up & Donate program when using Lyft services, enabling automatic donations with their rides.
