Copy of GIVING FUND
Impact Investments: "investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return." (The Global Impact Investing Network)
Venture Philanthropy: "an approach to charitable giving that applies venture capital investment principles – such as long-term investment and hands-on support – to the citizen sector.” (Philanthropy Impact)
Corporate Philanthropy: "the investments and activities a company voluntarily undertakes to responsibly manage and account for its impact on society." (Council on Foundations)
Microfinance: "a term used to describe financial services, such as loans, savings, insurance and fund transfers to entrepreneurs, small businesses and individuals who lack access to traditional banking services." (Kiva)
As a social venture, up to 50% of Alkimee’s profit** supports necessity and sustainability causes through our Giving Fund. Recipients of Alkimee’s Giving Fund are organizations that provide access to necessities such as financial services, housing, food, healthcare, education, employment, clothing, technology, and transportation. We provide funding through impact investments, charitable donations, venture philanthropy grants, and microloans. We also make direct impact investments in underrepresented and underserved entrepreneurs need of access to financial services. Loan repayments and returns made on impact investments are invested directly back into the Giving Fund.
Sustainability is a necessity for the survival of life on Earth. As a division of our Giving Fund, the Sustainability Initiative provides funding to new and existing organizations that support, certify, use or supply fair trade, fairmined, recycled, conflict-free metals and gemstones, lab-created gemstones, and other ethically sourced and sustainable materials. This funding enables the creation of sustainable products through more transparent and abundant supply chains. With every Fairmined jewelry purchase, we provide charitable donations to the Alliance for Responsible Mining to support their mission to help artisanal and small-scale miners form legal and responsible Fairmined certified mining cooperatives. We also offset carbon emissions generated from shipping our products by donating to our partner Rainforest Trust, whose mission is to strategically buy and protect threatened tropical lands to save endangered species. $10 donated to their Saving Indigenous Lands in the Amazon project in Peru can protect 5 acres and approximately 3,675 metric tons of carbon dioxide, which is equal to the yearly carbon dioxide released by 781 U.S. cars.
Our goal is to transform Alkimee into a luxury brand that can match the longevity of the companies in the luxury goods industry that have existed for hundreds* of years, but with a social venture model that embeds guaranteed funding for necessities into its core mission and legacy. Tax dollars alone – whose allocation is subject to the whims of political parties – cannot provide a stable and guaranteed source of funding for necessities that should be human rights. Strategic venture philanthropy and impact investments are essential to funding scalable solutions to social and environmental problems, and to achieving the UN Sustainable Development Goals. As a privately owned luxury brand and social venture, Alkimee has the potential to provide a source of funding for necessities that is as sustainable as the products we offer and as effective and scalable as the organizations that we support.
**We commit a minimum of 25% of our profit to funding necessity causes and sustainability initiatives through our Giving Fund. When possible, impact will be measured on a direct dollar-to-impact basis.
*Torrini, the oldest jewelry company in the world, was founded in 1369 in Florence, Italy.