Where does your donation go?

Based in part on the work done by our Founder and Chairman as a member of the United Nations Disaster Risk Reduction Steering Committee on Innovations in Climate Resilience Finance, Resilience Rewards (a Shovel Ready Capital ‘SRC’ project) represents an innovation in climate resilience fundraising. Resilience Rewards seek to proactively raise funds from the private sector and then engage with local communities to identify climate resilience projects that meet our four primary requirements:

1. Community engagement;

2. Immediate impact;

3. Measurable results;

4. Lasting benefits.

Communities do not contract with SRC to raise funds, rather as funds become available, we reach out proactively to communities where capital for climate resilience is urgently needed. The City of Boston is such an example. Rising seas threaten not just the coastline but also Boston’s financial stability.

• Federal agencies have cut more than $100M from climate resilience projects in Boston.

• Projections show that by 2050, sea levels in the harbor could rise by up to 1.5 feet, inundating vulnerable areas like the Seaport District and the waterfront, downtown financial district, and the Faneuil Hall / Greenway areas, essential areas to Boston’s economy and tourism;

• The Massachusetts Department of Transportation estimates that flooded roadways in these areas could cost the local economy $100 million per day during extreme weather events, from impact on local businesses to tourist activity.

The City’s Climate Ready Boston initiative has many projects in various stages of development that will require significant capital infusions. These include climate resilience projects at:

• Long Wharf, Waterfront

• Fort Point Channel, Seaport

• Martin’s Park, Seaport

• Christopher Columbus Park, North End

• Boston National Historic Park, Charlestown

• Coastal Resilience Project Tracker

How much of your donations actually go to projects?

How does SRC compare to other nonprofits? According to EasyDonation, most non-profits allocate only 40-60% of donations to their cause, preserving a large portion of funds to pay staff salaries and further fundraising. Shovel Ready Capital’s technology-enabled, streamlined operations enable it to donate 80% of funds raised to shovel-ready climate resilience projects in partner cities.