Source: Liquidnet
Liquidnet, the global institutional marketplace, today announced that public voting has begun in Liquidnet's Local Impact Challenge, which awards a total of $150,000 in grants to 10 New York City area nonprofits that are strengthening local communities. Voting takes place at www.justmeans.com/take-action/liquidnetforgood.
Liquidnet employees have already nominated over 25 nonprofits to participate in the Challenge, which will award 10 grants ranging from $10,000 to $35,000 to each winning nonprofit organization. Public voting ends December 1, 2009, at which time Liquidnet employees will add their votes for the 10 finalists to determine final grant allocation. Nominated nonprofits are encouraged to use social media - such as Facebook® and Twitter® - to enlist supporters to vote for their cause.
"Our Local Impact Challenge is specifically aimed at strengthening local communities," said Seth Merrin, Chief Executive Officer of Liquidnet. "Many nonprofits that provide vital services are experiencing severe funding challenges, and we decided to help them address their needs. In doing so, we are encouraging each organization to use social media to engage their existing supporters and develop new ones, which is so critical for nonprofits these days."
Liquidnet commits one percent of gross revenues each year to Liquidnet For Good™, the company's social engagement arm charged with tackling local and global challenges.