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The only ones with a donate button, 501 c 3s. is there any vetting mechanism for you ve got to pap paperwork, some charities, 90, 95 cents on the dollar goes to the mission. others, 50 cents on the dollar goes to management. do you get involved with making that level of transparency available? i actually think this is one of the really important things that jumo offers cht it shines a light on the charities. for the ones that aren t working as efficiently as they might be able to, those discussions already are happening. we hope to make the whole space more transparent. understood. a pleasure. congrats on the launch. jumo.com. next on hardball, steny hoyer, but first, google getting ....
I think you re absolutely right that you know, as people get engaged on jumo, they ll do that in a public manner with their friends around to the extent there might be a bit of competition. do you think my idea s crazy that the same model you re using to correct to charities, which is brilliant, could be used as a mechanism for investment? yeah, there are a few sites out there that are expermenting with this idea. it s a lot tougher because there s all kinds of financial regulations. where as with charities and nonnoft profits, it s simple. a lot of cases, you can take it off our taxes. but you re incentivised by the government to give your money and it s easier to give it. i would say that s generally true. what about using again, the same technology you re using, as a job creation, a job ....
Initiative you have going? great. we just launched last tuesday and have seen an outpouring of support and people coming to the site and signing up. we ve had hundreds of thousands of unique visitors and just about everybody who has come has been able to find an organization or project and has been able to connect with their friends to see what they re doing. how do you vet the charities themselves? we re an open platform. any group with a social mission can and hopefully will be on jumo. official charities, but even group that is think of themselves as doing charitiable work, but working internationally, they re welcome as well. we make sure that any donations that go through only go to irs approved tax exempt charities. ....
Community likes to give, too. whether it will jump-start chartable giving is a question. givings were down in 09 since the recession. with us now is chris hughes, who not only cofounded facebook, but was the chief digital organizer for barack obama s campaign. what s the idea? we tried to build a network that solves a pretty basic problem. help every day people find, follow and support the causes important to them. the idea is you come to jumo, sign up with your facebook account. you re connected to your friends from facebook and you can find things important to you. is the objective, we ll use me, i go to my facebook, jumo, then look at my facebook friends and i can see what they are giving to. you can see what they care about. in some cases, they may be giving money. others may be volunteering or ....
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