Cotopaxi Foundation

The Cotopaxi Foundation is a private 501(c)3 nonprofit organization based in Utah. It serves as a key component of the Cotopaxi model, which integrates giving into its core operations. The foundation is primarily funded through contributions from Cotopaxi's business activities, particularly from its parent company, Global Uprising, PBC dba Cotopaxi.

Mission

The Cotopaxi Foundation focuses on providing grants to nonprofits that address extreme poverty globally. This mission aligns with Cotopaxi's broader objective to eradicate poverty in the lifetimes of the current generation and to support humanitarian organizations in various regions.

Financial Overview

As of recent financial disclosures, the Cotopaxi Foundation relies solely on contributions from donors and the Cotopaxi company itself. It manages its funds primarily through charitable disbursements, with no reported revenue from other sources such as interest, dividends, or asset sales. The organization's expenses are overwhelmingly dedicated to charitable purposes, reflecting its commitment to maximizing impact through direct grants to beneficiary organizations.

Relationship with Cotopaxi

Cotopaxi dedicates 1% of its annual revenue to the Cotopaxi Foundation. This consistent funding allows the foundation to expand its grantmaking efforts and enhance its impact within communities. Additionally, Cotopaxi encourages customers to support the foundation directly, facilitating broader engagement in its philanthropic initiatives.

Beneficiary Organizations

The Cotopaxi Foundation supports several prominent humanitarian organizations, including the International Rescue Committee (IRC), Mercy Corps, and United to Beat Malaria. These partnerships reflect the foundation's strategy to leverage established networks and proven methodologies to ensure effective giving.

Sustainability and B Corporation Status

While the Cotopaxi Foundation is dedicated to social causes, its parent company, Cotopaxi, is also certified as a B Corporation. This status underscores Cotopaxi's commitment to environmental sustainability, ethical manufacturing practices, and community empowerment. By integrating these principles into its business operations, Cotopaxi aims to create a positive impact through both its products and philanthropic activities.

[1] https://www.theclimatepledge.com/us/en/Stories/cotopaxi-mission-improve-the-planet-and-people [2] https://projects.propublica.org/nonprofits/organizations/833259577 [3] https://www.cotopaxi.com.au/pages/about-us [4] https://www.cotopaxi.com/products/cotopaxi-foundation-donation [5] https://www.cotopaxi.com/pages/our-impact