Step 1: The pledge form
It all starts with your pledge. Just fill out our online pledge form.
|What information do I provide?||Your company name and URL.
Your name and role in the company.
The percent or amount of options or warrants (typically about 1%).
|Is it legally binding?||No|
|Should I discuss with my Board / partners?||It's a good idea.|
|Does my startup need to be at a certain level of advancement?||No, it is never too early to make the commitment.|
|What do I receive in return?||We will announce your decision to give back on social media and add your company to our list of Members, and our partners at Pledge 1% will do the same.
We will send you a member resource package to help you get started promoting your social mission.
|What happens next?||We send you documentation about the legal donation.
You market the philanthropic commitment your company just made – spread the word that you are sharing your upside!
Step 2: The legal donation
We hope your donation will eventually lead to a significant donation to charities and so we need to legally document it.
This will ensure that all future stakeholders recognize the commitment you made to strengthen your startup with a social mission.
|How do I make my donation legal?||The easiest way is to assign options to the Upside Foundation.
We can also prepare a customized legal agreement for you to review and sign, or you can assign warrants.
|How can I assign options?||If you already have an Employee Stock Option Plan (ESOP), all that is required is a tweak to the definition of an eligible participant- then you add the Upside Foundation as an option holder and voila! You're done.
If you do not have an ESOP yet but would like one, our lawyers can prepare a customized one for you at a discounted rate of $500.
|Should I discuss with my Board / partners?||Yes. It is not required to speak with a lawyer or accountant if you are signing a legal agreement, but you might be more comfortable checking in with them. If you have specific questions, our legal team can help.|
|Does my startup need to be at a certain level of advancement?||No, all that is required is that you are incorporated.|
|What do I receive in return?||Membership in the Upside Foundation, including access to our network, events and member perks.
A social mission and a lasting legacy for your company.
|What happens next?||Come to our events. Network. Build your company.
Let us know if there is anything we can do to help you be successful!