Deep Dive: What is Karma and how does it help fight injustice?
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 Expensify.org’s mission of empowering individuals and communities to eliminate injustice around the world.
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, Expensify.com will donate 10% of the revenue we earn to Expensify.org, 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 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 Expensify.org 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, 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 Expensify.org 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 Expensify.org 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.
- How-to: Enable or disable Corporate Karma for my company
- How-to: Enable Personal Karma for my individual expenses
- Deep Dive: Determining the fund for a Personal or Corporate Karma donation
- FAQ: How can I turn on Karma Points for my Expensify card?