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Deep Dive: What is Karma and how does it help fight injustice?

Sheena Trepanier
Sheena Trepanier Approved! Accountant Posts: 1,355 Expensify Team
edited May 2021 in Deep Dive Docs

Karma Points, Personal Karma, Corporate Karma, sounds sweet but what do they mean? Let’s take a minute to explore these features and how you can further support’s mission of empowering individuals and communities to eliminate injustice around the world.

Karma Points

Karma Points are a more meaningful alternative to traditional credit card reward points to help make the world a more generous place, one swipe at a time. Each time you make a purchase with your Expensify Card, will donate 10% of the revenue we earn to, automatically on your behalf. It costs you nothing extra to earn Karma and start changing the lives around you.

If your team isn’t using the Expensify Card, you can learn more about it here and sign up today!

Personal Karma

Personal Karma allows individual users to automatically donate a small percentage of expenses added to their account each month. For every $500 of expenses added, you’ll donate $1 to a related fund. All reported and unreported expenses, including invoice expenses, on the Expenses page are calculated to get the donation amount. Each month Expensify will charge the billing card on file for the donation amount and you’ll receive a donation receipt via email.

Corporate Karma

Corporate Karma, is similar to Personal Karma but with a focus for companies who want to engage in social responsibility. Each month, the donation is calculated based on the total amount of all approved expense reports, including invoices, across all policies. For every $500 your team spends each month, your company will donate $1 to a related fund. Each month Expensify will charge the payment card on file for the donation amount and you’ll receive a donation receipt via email. 

For both Personal and Corporate Karma, the funds your donation goes to is determined by the MCC (Merchant Category Code) of the expense. Each MCC supports one of funds; Climate Justice, Food Security, Housing Equity, Reentry Services, and Youth Advocacy.

How do these donations help fight injustice?

Our direct giving model encourages full transparency for all, allowing donors and volunteers to connect and make positive permanent changes. The funds are used in a transparent manner to reimburse volunteers actively engaged in making life-altering changes in their communities. The real-world effects of the donations are then shared with the donor, creating a positive feedback loop and forging a bond between the donor and the volunteer.

It is our firm belief that together, the people of this world have the power to bring about a more fair and just future for everyone. Join us today by becoming a donor or volunteer, we welcome you with open hearts. 

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