About PhilanTech

PhilanTech provides the PhilanTrack™ online grants management system – an innovative online grant proposal, reporting and management system that enhances accountability, transparency, and efficiency. This online system enables valuable resources to be redirected towards service delivery and greater social impact rather than to grants administration.

PhilanTech became a Founding B Corporation because we believe strongly in the power of business to do good - and in the role of businesses as socially-responsible players. The B Corporation idea aligns well with our mission and we're proud to be among the first organizations taking this important step.

13% of every foundation grant dollar is spent on grants administration. That means thirteen cents on every dollar given to nonprofits – over $5 billion annually – is not being spent on service delivery. That amounts to a lot of missed opportunities for impact. PhilanTech addresses this inefficiency and helps social sector organizations get maximum social impact by eliminating administration costs.

The Change We Seek®

PhilanTech is a social venture dedicated to using technology judiciously to enable social sector organizations to maximize service delivery and social impact. Grant funding is an essential factor in the operations of many nonprofits. In the current economy, more than ever, nonprofits are struggling to deliver valuable products and services to people and communities in need. The organizations that fund nonprofits are looking for the most effective ways to make funding decisions, and to evaluate the impact of their donations. The PhilanTrack online grants management system helps both funders and nonprofits streamline the grants management process and maximize social impact. This leading grants administration system centralizes and streamlines grant proposals, reports, and overall management and enables valuable resources to be redirected toward service delivery and greater social impact.

PhilanTrack helps foundations, their grantees, and society by making foundation grant dollars go further. It enables foundations to understand and analyze their grantees' financial health and stability. It reduces “overhead” while creating the ability to benchmark variables such as grantee performance. PhilanTrack also makes it easy for foundations to hold their grantees accountable and provides a system that can be used to evaluate a grant’s total impact over time.

Founding B Corporation

PhilanTech

• Industry: IT Software & Services
• Product/Services: Online Grants Management Tools
• Location: Washington, DC
• Ownership: Private
• http://www.philantech.com