American Express Announces New Online Portal for Charitable Giving; Donation Site for More Than 800,000 Non-Profits Aims to Increase Charitable Giving.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 9, 2002 American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Survey Shows 76% of Americans Plan to Make Donations This Holiday Season Timed to coincide with the holiday season, American Express(R) today announced a new online giving portal that provides consumers with a convenient way to donate to their favorite charities. The American Express Donation Site (www.americanexpress.com/donate) offers individuals the convenience of donating to over 800,000 charities from a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. , Internet location. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new American Express survey of 800 general consumers, 76% of Americans plan to make a charitable contribution charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. this holiday season. And, despite the economy, 84% plan to contribute the same or more this year than last. The average charitable donation this year is expected to be $125. "Anything that makes it easier for the public to make a donation is critical to the nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. community," said Bill Shore, founder and executive director of Share Our Strength. "Online donations are incredibly valuable to nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. because they significantly reduce the need for costly fundraising programs and enable charities to reach new audiences through the Internet. The end result is being able to help many more people in need." "We are pleased to be able to offer our Cardmembers the convenience, security and privacy of the American Express Donation Site," said Glenda McNeal, vice president and general manager of new industry development, American Express. "A significant number of our Cardmembers are already visiting our site monthly to check and pay their bill online and we believe that a large number of them will want to take advantage of the American Express Donation Site as well. As a result, we hope that a large number of charities will recognize increased donation revenues." The American Express Donation Site will enable consumers to search for and select charities from a database of more than 800,000 non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. registered with the Internal Revenue Service. Also available on the Web site is information about each organization, such as mission statements, cost structures and annual donations. Donors will submit their billing information on a secure system and will receive immediate confirmation of their transaction and an email receipt for tax documentation purposes. In addition, donors will be able to make contributions to multiple charities in a single transaction. The American Express Retail Index on holiday shopping was conducted by telephone between October 11 and October 18 as part of an omnibus omnibus: see bus. study and surveyed 800 heads of households, age 18 and older. The 2002 American Express Retail Index looked at spending, buying attitudes, shopping trends and preferences among the general consuming public. The margin of error is +/- 3.5%. About American Express American Express Company is a diversified diversified (di·verˑ·s worldwide travel and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, investment products, insurance and international and online banking. For more information on American Express, visit our website at www.americanexpress.com. About Share Our Strength Share Our Strength is a national organization that fights hunger on the local, national and international levels by awarding grants to effective nonprofit organizations and by offering nutrition-education training. Since its founding in 1984, Share Our Strength has distributed more than $68 million to more than 1,000 anti-hunger, anti-poverty programs worldwide. |
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