UCL is today launching the UCL Technology Fund to invest £50 million in commercialising its world-leading research emerging over the next five years.
Alumni business gets seal of approval from charity body
7 March 2012
An online charity donation service set up by a UCL graduate has gained the backing of the Association of Chief Executives of Voluntary Organisations (ACEVO).
Chester Mojay-Sinclare, who graduated from UCL last year with a degree in Philosophy, set up his business Charity Checkout whilst studying for his degree fulltime.
The service offers charities the ability to receive one-off and regular donations via their own websites. The platform provides charities with the facility to set-up branded donation pages and an online account to manage and track donations.
Now, ACEVO has recommended the online charity donation gateway as the best way for small and medium sized charities to accept donations via their websites and social media profiles.
Every charity that uses the system pays the transaction costs of processing their donations, although Charity Checkout does not charge a fee on donations. For every £10 given through Charity Checkout, the charity will receive £12.20, with Gift Aid.
Chester Mojay-Sinclare, now Consultant Entrepreneur-in-residence at UCL Business, the university’s technology transfer office, said:
“It’s great to have this vote of confidence in Charity Checkout – already we’re seeing strong interest in the service, especially from smaller charities who have people keen to give online but can’t because they’re not set up with the technology.”
Bernadette Adamic,Head of Corporate Partnerships at ACEVO, added:
“We're recommending Charity Checkout to our members because their fees are low and their concept solves a significant problem within the voluntary sector.
“Far too few smaller charities have the tools and resources available to them to allow them to grow and become self-sufficient. We believe Charity Checkout offers exactly this, by providing a simple and unique service that will empower charities to fundraise for regular donations via their websites and social media profiles.”