THE POOL (Canadian Nonprofit Organization)

THE POOL, registered under the business registration number 862569829RR0001, is a Canadian nonprofit organization.

Overview

THE POOL functions as a community of business leaders, founders, and entrepreneurs committed to philanthropic efforts through the donation of a portion of their shares in private companies. This innovative model supports nonprofit operations and provides a distinctive employee benefit system. The organization facilitates the transfer or pledge of private company shares from its members to charity, holding these shares until liquidity events such as initial public offerings or other sales unlock funding.

Mission and Activities

The primary purpose of THE POOL is to generate sustainable financial support for nonprofit initiatives by leveraging equity donations from private companies. When shares held by THE POOL are sold following liquidity events, the proceeds are allocated strategically:

• 80% of the funds cover operational overhead, including salaries and essential organizational expenses, ensuring the nonprofit's work continues effectively.
• 20% of the funds are reserved for employee bonuses, rewarding nonprofit staff based on the organization's financial performance.

This structure uniquely links the success of private company members to the sustainability of nonprofit operations, fostering a new model of charity funding and employee retention.

Organizational Impact

THE POOL represents a novel approach to nonprofit financing by integrating business equity donations into its funding model. This mechanism supports the ongoing work of affiliated nonprofits, enabling them to maintain a 100% public donation model where all public contributions go directly to programmatic efforts, while overhead is funded through equity proceeds.

Affiliations and Leadership

THE POOL is associated with prominent business and philanthropic figures, including Miguel McKelvey (Co-Founder & Chief Culture Officer), Heather Hartnett (CEO & Founding Partner), Neil Parikh (Co-Founder & Chief Strategy Officer), and Ryan Graves (Former SVP Global Operations). Through their leadership and vision, THE POOL drives innovation in nonprofit funding and employee engagement.

Note: This article pertains specifically to THE POOL as a Canadian nonprofit organization with business registration number 862569829RR0001 and does not relate to other Canadian pool industry associations with similar names.