Capital One, Common Impact, Points of Light, and Taproot Foundation Launch Online Tool to Increase Impact of Pro Bono Volunteer

  Capital One, Common Impact, Points of Light, and Taproot Foundation Launch
  Online Tool to Increase Impact of Pro Bono Volunteer Services for Nonprofits
  Across the Nation

   Digital assessment tool will help nonprofits identify their readiness to
               effectively leverage pro bono volunteer services

Business Wire

CHICAGO -- November 19, 2012

Corporations across the U.S. are estimated to provide more than $15 billion in
pro bono volunteer services to nonprofits across the country in 2012,
according to the Taproot Foundation, and 66 percent of nonprofits in America
say they need pro bono volunteer services more than any other kind of
volunteering. To better leverage these skilled services, today the Nonprofit
Collaborative launched the Readiness Roadmap, an online guide that assesses,
prepares and connects nonprofit organizations with key tools and resources to
engage skilled volunteers and maximize their time.

The Nonprofit Collaborative was convened by Capital One Financial Corporation,
a pro bono services provider, in partnership with three leading national
nonprofit organizations – Common Impact, Points of Light and the Taproot
Foundation – to increase the impact of pro bono volunteerism across the
country.

“The Readiness Roadmap is a critical resource that has the potential to equip
all nonprofits, large or small, to readily access and make the most out of
skills-based support. The potential for this tool to strengthen the capacity
of the nonprofit sector and enhance organizations’ ability to tackle social
issues is tremendous,” said Danielle Holly, Executive Director, Common Impact.

The Readiness Roadmap is designed to help nonprofits build capacity and
maximize volunteer hours with tools in assessing and analyzing organizational
needs that allow nonprofits to direct pro bono services to the areas where
they will have the most impact. The Readiness Roadmap offers:

  *Organizational readiness assessments
  *Project readiness assessments
  *Pro bono and skills-based volunteerism sourcing
  *Project planning
  *Implementation
  *Evaluation and post-project volunteer recognition.

More than 66 percent of U.S. nonprofits report the need for pro bono services
more than any other volunteer service; however, many organizations find that
making good use of volunteer services can be challenging, according to a study
commissioned by the Collaborative^1. Approximately 73 percent of survey
respondents said they would be more likely to seek pro bono support if they
could identify specific projects and better understand how volunteer time can
be used to improve their infrastructures.

“As leaders in the skills-based volunteer movement, we recognize that it takes
both strong nonprofit and corporate partners to execute impactful community
programs. The Readiness Roadmap is an excellent diagnostic tool to assess
organizational readiness and prepare to successfully engage in skills-based
volunteering,” said Jackie Norris, Corporate Institute Executive Director,
Points of Light. “Our goal is for every business, from Main Street to Wall
Street, to have the opportunity to work with strong nonprofits by providing
the social sector this free collaborative resource.”

“At Capital One, we invest in innovative programs and collaborate with
best-in-class partners to help nonprofits advance their missions and impact
our communities,” said Daniel Horgan, Senior Director, Community Affairs,
Capital One Financial Corporation. “With corporations projected to provide
billions of dollars in pro bono volunteerism this year alone, we know how
important these skilled services are to nonprofits and we also know that
nonprofits are asking for guidance to leverage the time and talent more
effectively. The Readiness Roadmap is a great example of how innovation and
collaboration can help fulfill the nonprofit sector’s need for capacity
building support.”

Piloted at the National Conference on Volunteering and Service in June 2012
and updated to incorporate feedback from over 80 early adopting nonprofits,
the Readiness Roadmap has shown great promise in improving pro bono support
services.

“Fifteen billion dollars in pro bono work will be done this year to help
nonprofits. It’s a lot to celebrate but the majority of nonprofits are still
reporting that their key challenge in using pro bono is knowing where to find
the services they need,” said Aaron Hurst, Taproot President & Founder. “So
it’s critical that resources like the Readiness Roadmap exist to help
nonprofits find the tools necessary to benefit from pro bono services.”

Nonprofit organizations and corporations interested in learning more about pro
bono support can visit http://readinessroadmap.org/.

About Common Impact

Common Impact is a nonprofit organization that connects skilled professionals
from global companies to high-potential local nonprofits. Our employee
engagement programs match employee-volunteers with nonprofits that need help
overcoming key business challenges. This innovative approach to corporate
community service enables companies to realize a positive return on their
social investment while building stronger teams and developing employee
skills. At the same time, this access to private sector talent enables
nonprofits to amplify their impact on the constituents they serve. Ultimately,
our work helps foster stronger communities wherever those companies operate.
Further information can be found at http://www.commonimpact.org/.

About Points of Light

Points of Light is the leading volunteer organization with more than 20 years
of history and a bipartisan presidential legacy. Our mission is to inspire,
equip and mobilize people to take action that changes the world. We connect
people to their power to make a meaningful difference by providing access to
tools, resources and opportunities to help volunteers use their time, talent,
voice and money to meet the critical needs of our communities. We are
organized into three divisions: Programs, Civic Incubator and Action Networks,
which include HandsOn Network, the largest network of 250 local volunteer
centers across the country and around the world; generationOn, the youth
service movement that ignites the power of kids to make their mark on the
world; AmeriCorps Alums, the national service alumni network that activates
the next generation of service leaders; and Points of Light Corporate
Institute, our enterprise that enables companies to engage their employees and
customers in service. For more information, visit www.pointsoflight.org.

About Taproot Foundation

Since its founding in 2001, the Taproot Foundation has been leading the
development of a pro bono movement, working to engage the nation’s millions of
business professionals in pro bono services both through its own award-winning
programs and by partnering with companies to develop and scale corporate pro
bono programs. The Taproot Foundation’s mission is to lead, mobilize and
engage professionals in pro bono service that drives social change. To learn
more visit www.taprootfoundation.org.

About Capital One

Capital One Financial Corporation, headquartered in McLean, Virginia, is a
Fortune 500 company with approximately 1,000 branch locations primarily in New
York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of
Columbia. Its subsidiaries,which include Capital One, N.A., and Capital One
Bank (USA), N. A., offer a broad spectrum of financial products and services
to consumers, small businesses and commercial clients. We apply the same
principles of innovation, collaboration and empowerment in our commitment to
our communities across the country that we do in our business. We recognize
that helping to build strong and healthy communities – good places to work,
good places to do business and good places to raise families – benefits us all
and we are proud to support this and other community initiatives.

^1 LBG Associates. “Pro Bono Readiness Research” Jan. 2012.
http://www.readinessroadmap.org/sites/readinessroadmap.org/files/assets/Pro%20Bono%20Readiness%20Survey%20Report_FINAL.pdf

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Contact:

Capital One Financial Corporation
Shelley Solheim
917.589.6203
shelley.solheim@capitalone.com
or
Syvenna Siebert
212.994.7605
syvenna.siebert@rfbinder.com
 
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