United Way Silicon Valley and Charitableway.com Partner to Put the Internet to Work for the Community.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 24, 2000 United Way Silicon Valley and Charitableway.com today announced a partnership agreement that will make innovative use of technology and the Internet to bring greater financial accountability, credibility of pledge processing, and efficiency to the 77 year old human care services agency. United Way Silicon Valley's Board of Directors voted to formalize the strategic partnership at their meeting earlier this month, helping to bring modern leadership and services to the Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. County community. Charitableway.com is at the forefront of providing technology to link businesses and 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. sector. United Way Silicon Valley has engaged Charitableway.com to be an application service provider that will provide a state-of-the-art pledge processing system. Supporters of United Way Silicon Valley will have a convenient, engaging way to contribute and know that they are giving through a secure, fully-accountable mechanism. United Way Silicon Valley will also gain exposure to a new universe of donors. United Way Silicon Valley evaluates and raises funds for over 100 health and human care agencies and works with organizations and members of the community to solve complex health and human care problems in the area. "The last place you want to be behind the times is in Silicon Valley. This agreement allows us to meet the desires of the companies and supporters to process pledges in a secure and timely manner," said Les White, President of United Way Silicon Valley. "This agreement with Charitableway.com is a way for us to effectively operate on Internet time In the early days of the public Internet, Internet time referred to the breakneck speed with which companies scrambled to gain traffic and market share on the Web. A new business could come and go within a matter of weeks. and do so in a very cost effective way." Charitableway.com ensures legitimacy LEGITIMACY. The state of being born in wedlock; that is, in a lawful manner. 2. Marriage is considered by all civilized nations as the only source of legitimacy; the qualities of husband and wife must be possessed by the parents in order to make the offspring and security for donors. Charitableway.com's unique system combines the power of advanced Internet technologies, including Broadvision, Hewlett Packard, and Oracle, together with a completely secure and trackable trust bank account process provided by Comerica Bank. "We are excited to be working with United Way Silicon Valley to be at the forefront of using technology to make it easier for individuals and companies to get involved in the causes they care about," said Pete Mountanos, Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Charitableway.com. "Our technology helps provide accuracy and accountability, allowing United Way to focus on where money should be spent rather than on how it should get there." "We have developed an innovative financial infrastructure in conjunction with Charitableway.com. Together, Comerica and Charitableway.com have built a way that can provide United Way Silicon Valley the security and financial tracking capabilities necessary for true financial accountability," said Mike Fulton, President Comerica Bank California. "We have a strong history of supporting the United Way across the country and in Silicon Valley. We are excited to have another opportunity to support them in this way." About United Way Silicon Valley United Way Silicon Valley is a locally governed gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. , independent nonprofit organization 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. with more than 77 years of service to the people of Silicon Valley. United Way takes a leadership role in philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. in Silicon Valley by continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. striving to use the most up-to-date technology to reach donors. Our goal is to raise funds for over 100 health and human care agencies and to take an active role in working with businesses, government agencies and private nonprofits to solve complex local health and human care problems in our community. About Charitableway.com Charitableway.com is using the power of the Internet today to unlock the potential for charitable giving tomorrow. It builds customized, electronic ways for companies to include philanthropy in their business models. By putting in place a powerful, technology-based infrastructure and partnering with charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. , Charitableway.com has introduced the premier system to connect businesses with their communities. Charitableway is fundamentally changing the way America gives. |
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