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Micro-donations
Micro-donation or microphilanthropy is a form of Charity (practice), charitable donation that is small in the donated amount. In the past, micro-donations have been used most effectively by companies collecting spare change at registers and checkouts. Recently, this form of philanthropy has become more popular with the advent of online and mobile donating. In addition to the more traditional forms of donating, like giving directly from person to person, both the internet and mobile-phones have become more accepted by the public for collecting donations. Micro-donations of $200 or less have made up an ever-larger share of nomination fundraising in the three United States presidential primary elections since 2000. (In this measurement a person who donates $190 twice to a candidate has given two micro-donations, but is not a micro-donor). Micro-donations accounted for 25% of the total donations for the 2000 United States presidential election, United States presidential election i ...
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Coin Donations
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint (facility), mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called Obverse and reverse, the ''obverse'' and the ''reverse'', referring to the front and back sides, respectively. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse is known as ''tails''. The first metal coins – invented in the Ancient Greece, ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins t ...
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Charity (practice)
Charity is the Volunteering, voluntary provision of assistance to those in need. It serves as a Humanitarianism, humanitarian act, and is unmotivated by self-interest. Various Philosophy, philosophies about charity exist, with frequent associations with religion. Etymology The word ''charity'' originated in late Old English to mean a "Christianity, Christian love for one's fellows", and until at least the beginning of the 20th century, this meaning remained synonymous with charity. Apart from this original meaning, ''charity'' is etymologically linked to Christianity, with the word originally entering the English language through the Old French word , which derived from the Latin , a word commonly used in the Vulgate New Testament to translate the Greek word (), a distinct form of Love (religious views)#Christian, love. Over time, the meaning of ''charity'' has evolved from "Christian love" to "providing for those in need; generosity and giving" (cf. ''offertory''), a transiti ...
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Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from 'to love, be fond of' and 'humankind, mankind'. In , Plutarch used the Greek concept of to describe superior human beings. During the Middle Ages, was superseded in Europe by the Cardinal virtues, Christian virtue of ''Charity (Christian virtue), charity'' (Latin: ) in the sense of selfless love, valued for Salvation in Christianity, salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to t ...
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Mobile Donating
Mobile donating refers to donating (to an organization) using a mobile device. Mobile donating is primarily done through an SMS or a phone call. Mobile donating process Premium SMS donations: Text messaging, or SMS, is the primary means of mobile donating. Mobile phone users can make donations by texting a keyword to a specific SMS short code. Keywords are determined by the fundraising organization, and usually pertain to the organization's cause or purpose. Donation amounts are predetermined, commonly at $5 or $10, and users often have a limit of how many micro-donations they can send via sms to a single campaign in one month. After donating, users receive a confirmation text message and the donation amount is added to their monthly phone bill. Donations can take up to 90 days to be processed. WAP donations: Mobile donating can also occur through a mobile WAP website. Cell phone users can access WAP donation pages by sending a specific text message to a designated keyword a ...
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United States Presidential Primary
Each of the 50 U.S. states, the District of Columbia, and five territories of the United States holds either primary elections or caucuses to help nominate individual candidates for president of the United States. This process is designed to choose the candidates that will represent their political parties in the general election. The United States Constitution has never specified this process; political parties have developed their own procedures over time. Some states hold only primary elections, some hold only caucuses, and others use a combination of both. These primaries and caucuses are staggered, generally beginning sometime in January or February, and ending about mid-June before the general election in November. State and local governments run the primary elections, while caucuses are private events that are directly run by the political parties themselves. A state's primary election or caucus is usually an indirect election: instead of voters directly selecting a ...
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2000 United States Presidential Election
United States presidential election, Presidential elections were held in the United States on November 7, 2000. Republican Party (United States), Republican Governor George W. Bush of Texas, the eldest son of 41st President George H. W. Bush, and former United States Secretary of Defense, Secretary of Defense Dick Cheney narrowly defeated incumbent Democratic Party (United States), Democratic Vice President Al Gore and United States Senate, Senator Joe Lieberman. It was the fourth of five U.S. presidential elections, and the first since 1888 United States presidential election, 1888, in which the List of United States presidential elections in which the winner lost the popular vote, winning candidate lost the popular vote, and is considered one of the closest U.S. presidential elections in history, with long-standing controversy about the result. Incumbent Democratic President Bill Clinton was ineligible to seek a third term because of term limits established by the Twenty-sec ...
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Zidisha
Zidisha is a peer-to-peer microlending service that allows people to lend small amounts of money directly to entrepreneurs in developing countries. It is the first peer-to-peer microlending service to link borrowers and lenders across international borders without a local microfinance institution intermediary. The organization is named after the Swahili word (), which means "grow" or "expand". The Zidisha website facilitates microlending transactions between individual web users worldwide and computer-literate, low-income entrepreneurs in developing countries. Users can fund loans, which borrowers use to develop businesses that improve their families' incomes. Borrowers can share business updates and communicate with lenders as they repay loans. History Zidisha was founded in October 2009 by Julia Kurnia. After visiting Niger as Portfolio Analyst for the US African Development Foundation, Kurnia became disillusioned with foreign aid. In 2006, she co-founded the Senegal E ...
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EBay
eBay Inc. ( , often stylized as ebay) is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995. It has 132 million yearly active buyers worldwide and handled $73 billion in transactions in 2023, 48% of which were in the United States. In 2023, the company had a take rate (revenue as a percentage of volume) of 13.81%. The company is listed on the Nasdaq Global Select Market and is a component of the S&P 500 and formerly the Nasdaq-100. eBay can be used by individuals, companies and governments to purchase and sell almost any legal, non-controversial item. eBay's auctions use a Vickrey auction (sealed-bid) proxy bid system. Buyers and sellers may r ...
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Microlending
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically do not have access to traditional banking services due to a lack of collateral, steady employment, and a verifiable credit history. The primary aim of microcredit is to support entrepreneurship, facilitate self-employment, and alleviate poverty, particularly in low-income communities The United Nations declared 2005 as the International Year of Microcredit to raise awareness of microfinance as a strategy for poverty reduction and financial inclusion. By the early 2010s, microcredit had expanded significantly across developing countries, with estimates suggesting that more than 200 million people were beneficiaries of microcredit services worldwide. While widely adopted, the effectiveness of microcredit remains debated, with mixed evidence on its long-term impact on poverty alleviation. Despite its widespread adoption, the impact of microcredit on poverty alleviation remains con ...
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Microcredit
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically do not have access to traditional banking services due to a lack of collateral (finance), collateral, steady employment, and a verifiable credit history. The primary aim of microcredit is to support entrepreneurship, facilitate self-employment, and alleviate poverty, particularly in low-income communities The United Nations declared 2005 as the International Year of Microcredit to raise awareness of microfinance as a strategy for poverty reduction and financial inclusion. By the early 2010s, microcredit had expanded significantly across developing countries, with estimates suggesting that more than 200 million people were beneficiaries of microcredit services worldwide. While widely adopted, the effectiveness of microcredit remains debated, with mixed evidence on its long-term impact on poverty alleviation. Despite its widespread adoption, the impact of microcredit on poverty al ...
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Mobile Donating
Mobile donating refers to donating (to an organization) using a mobile device. Mobile donating is primarily done through an SMS or a phone call. Mobile donating process Premium SMS donations: Text messaging, or SMS, is the primary means of mobile donating. Mobile phone users can make donations by texting a keyword to a specific SMS short code. Keywords are determined by the fundraising organization, and usually pertain to the organization's cause or purpose. Donation amounts are predetermined, commonly at $5 or $10, and users often have a limit of how many micro-donations they can send via sms to a single campaign in one month. After donating, users receive a confirmation text message and the donation amount is added to their monthly phone bill. Donations can take up to 90 days to be processed. WAP donations: Mobile donating can also occur through a mobile WAP website. Cell phone users can access WAP donation pages by sending a specific text message to a designated keyword a ...
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Micropayment
A micropayment is a financial transaction involving a very small sum of money and usually one that occurs online. A number of micropayment systems were proposed and developed in the mid-to-late 1990s, all of which were ultimately unsuccessful. A second generation of micropayment systems emerged in the 2010s. While micropayments were originally envisioned to involve very small sums of money, practical systems to allow transactions of less than 1 have seen little success. One problem that has prevented the emergence of micropayment systems is a need to keep costs for individual transactions low, which is impractical when transacting such small sums even if the transaction fee is just a few cents. Definition There are a number of different definitions of what constitutes a micropayment. PayPal defines a micropayment as a transaction of less than £5 while Visa defines it as a transaction under 20 Australian dollars. History The term was coined by Ted Nelson, long before the invent ...
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