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Dominic Kalms
CEO & Founder at B Generous
- Philanthropy
- Entrepreneur
- 📍Los Angeles, CA
Dominic Kalms is a multi-venture backed entrepreneur and philanthropist with an expertise in Financial Technology (FinTech), Nonprofits, Donor Advised Funds (DAFs), and digital fundraising. He has raised over $120M in venture and philanthropic capital during his career and has been featured in an array of media publications (e.g. NBC, Forbes, CBS, Entrepreneur, BBC, Yahoo etc.) where he discusses philanthropy and impact. He was most recently profiled on the front page of Entrepreneur.com, as well as in the Goldman Sachs Philanthropy web series, and he recently guest lectured a course on Philanthropy at MIT. His latest opinion piece on corporate giving can be found on Forbes.com.
Dominic is also a well-known public speaker and has spoken at many global forums on philanthropy (e.g. Nexus Global Summit, Global Citizen Forum, United Nations NOVUS conference, Social Enterprise Summit, TechCrunch’s Global Ventures Summit, Capital One Stories of Impact, TEDx, Paradigm Talks, Context Family Office Conference etc.).
Today, Dominic is Founder/CEO of a new venture backed FinTech company B Generous, which is revolutionizing how people donate to nonprofits through the advent of the first ever philanthropic credit product. B Generous is backed by some of the top VCs, Banks, & institutional investors in the US.
read more
LET'S TALK ABOUT
- Fintech
- VCs
- Philanthropy Technology
- Non-Profits
- Issues Surrounding Philanthropy
- Tax Exemptions
- Charitable Fundraising
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Before his current company, Dominic was the Founder & CEO of GVNG which Forbes called "One of the most revolutionary platforms in the social impact space today." GVNG is a venture backed technology company that facilitates the creation of instant digital charitable giving accounts. Many of the world’s leading public figures & corporations have used GVNG to start and run their philanthropic projects (e.g., Richard Branson, Miley Cyrus, Val Kilmer, D&G, Burning Man etc.). Dominic remains on the Board and is the President of the Company today.
Prior to building technology companies, Dominic managed philanthropic foundations at Global Philanthropy Group (GPG), a private strategy consultancy which advises high net worth individuals, celebrities, & corporations on impact work. At GPG Dominic advised and ran the foundations for many of the world’s top philanthropists. GPG was acquired by Charity Network in 2017, and then re-sold to APCO Worldwide in 2021.
Dominic also sits on the Fundraising Board of Forest Whitaker's Foundation: The Whitaker Peace & Development Initiative (WPDI) & Val Kilmer's TwainMania Foundation.
Dominic is also on the boards of the nationally recognized nonprofits: Child Safety Pledge and The MINDS Foundation, and he is a member of The Forbes Nonprofit Council, NEXUS, SUMMIT Impact, and he is an Ambassador for the Global Citizen Forum (GCF). Dominic is also a contributing writer for Forbes Philanthropy and a Mentor at the Global Good Fund where he helps accelerate the development of high potential young leaders tackling the world’s greatest social issues.
In early 2020 Dominic started EndCovid-19.org which has since donated hundreds of thousands of medical masks and face shields to hospitals, schools, Native American reservations and cities across the US to help protect vulnerable people against COVID. Dominic was interviewed on CBS News about this work. In early 2020 Dominic also partnered with leading National Civil Rights Attorney Lee Merritt in order to create the Ahmaud Arbery Foundation to honor the life of Ahmaud Arbery whose death set off nationwide protests in the United States against racial injustice.
Dominic started his career at HSBC and Citibank, he then worked at the United Nations for the Afghanistan Ambassador, and then in U.S. Senate. Dominic was born in Hong Kong, raised in London and now lives in LA & NYC. He holds a B.A., cum laude, from NYU and a MA from Columbia University in International Affairs
BOOK NOW FOR your podcast
Dominic Kalms
CEO & Founder at B Generous
- 📍Los Angeles, CA
- Philanthropy
- Entrepreneur
Dominic Kalms is a multi-venture backed entrepreneur and philanthropist with an expertise in Financial Technology (FinTech), Nonprofits, Donor Advised Funds (DAFs), and digital fundraising. He has raised over $120M in venture and philanthropic capital during his career and has been featured in an array of media publications (e.g. NBC, Forbes, CBS, Entrepreneur, BBC, Yahoo etc.) where he discusses philanthropy and impact. He was most recently profiled on the front page of Entrepreneur.com, as well as in the Goldman Sachs Philanthropy web series, and he recently guest lectured a course on Philanthropy at MIT. His latest opinion piece on corporate giving can be found on Forbes.com.
Dominic is also a well-known public speaker and has spoken at many global forums on philanthropy (e.g. Nexus Global Summit, Global Citizen Forum, United Nations NOVUS conference, Social Enterprise Summit, TechCrunch’s Global Ventures Summit, Capital One Stories of Impact, TEDx, Paradigm Talks, Context Family Office Conference etc.).
Today, Dominic is Founder/CEO of a new venture backed FinTech company B Generous, which is revolutionizing how people donate to nonprofits through the advent of the first ever philanthropic credit product. B Generous is backed by some of the top VCs, Banks, & institutional investors in the US.
read more
LET'S TALK ABOUT
- Fintech
- VCs
- Philanthropy Technology
- Non-Profits
- Issues Surrounding Philanthropy
- Tax Exemptions
- Charitable Fundraising
--
Before his current company, Dominic was the Founder & CEO of GVNG which Forbes called "One of the most revolutionary platforms in the social impact space today." GVNG is a venture backed technology company that facilitates the creation of instant digital charitable giving accounts. Many of the world’s leading public figures & corporations have used GVNG to start and run their philanthropic projects (e.g., Richard Branson, Miley Cyrus, Val Kilmer, D&G, Burning Man etc.). Dominic remains on the Board and is the President of the Company today.
Prior to building technology companies, Dominic managed philanthropic foundations at Global Philanthropy Group (GPG), a private strategy consultancy which advises high net worth individuals, celebrities, & corporations on impact work. At GPG Dominic advised and ran the foundations for many of the world’s top philanthropists. GPG was acquired by Charity Network in 2017, and then re-sold to APCO Worldwide in 2021.
Dominic also sits on the Fundraising Board of Forest Whitaker's Foundation: The Whitaker Peace & Development Initiative (WPDI) & Val Kilmer's TwainMania Foundation.
Dominic is also on the boards of the nationally recognized nonprofits: Child Safety Pledge and The MINDS Foundation, and he is a member of The Forbes Nonprofit Council, NEXUS, SUMMIT Impact, and he is an Ambassador for the Global Citizen Forum (GCF). Dominic is also a contributing writer for Forbes Philanthropy and a Mentor at the Global Good Fund where he helps accelerate the development of high potential young leaders tackling the world’s greatest social issues.
In early 2020 Dominic started EndCovid-19.org which has since donated hundreds of thousands of medical masks and face shields to hospitals, schools, Native American reservations and cities across the US to help protect vulnerable people against COVID. Dominic was interviewed on CBS News about this work. In early 2020 Dominic also partnered with leading National Civil Rights Attorney Lee Merritt in order to create the Ahmaud Arbery Foundation to honor the life of Ahmaud Arbery whose death set off nationwide protests in the United States against racial injustice.
Dominic started his career at HSBC and Citibank, he then worked at the United Nations for the Afghanistan Ambassador, and then in U.S. Senate. Dominic was born in Hong Kong, raised in London and now lives in LA & NYC. He holds a B.A., cum laude, from NYU and a MA from Columbia University in International Affairs
As seen on
“The founder and CEO of GVNG shares how he defied conventional business practices to build a SaaS company helping people donate millions of dollars to charity while also generating revenue and value for its shareholders.”
“The global philanthropic market is worth about $1.5 trillion. In the US, there are 1.7 million nonprofits getting about $471 billion, which means Americans are giving over $1 billion a day. The question is why then do most nonprofits still struggle raising money?”
“Buy now/pay later lending is normally associated with the point-of-sale loans that consumers use to finance large purchases, though a startup contends the idea can also be deployed in other ways, such as boosting funding for nonprofits.”
“B Generous, a first of its kind FinTech for good platform, announces the official launch of Donate Now, Pay Later™ (DNPL), a revolutionary new tool allowing donors to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan™ (PoDL).”
“Using Donate Now, Pay Later™, B Generous says the nonprofit receives the donation immediately, and the donor gets the tax receipt right away, but the donor pays nothing out of pocket at the point of donation and instead pays over time, with no interest, costs or fees.” The goal, it says, is to increase average donation values for nonprofits.”
“How it works: When you use BGenerous to make a donation, you pay no money up front. Instead, Drake Bank lends you the money, which gets paid directly to the charity. You then pay the bank back in installments, interest-free, over three to nine months.”
“Let’s say you want to donate to a nonprofit that’s meaningful to you. But you don’t have the extra funds to do it now. So, you might wait until later in the year or not donate at all.
A new fintech platform has created a way for you to donate and then pay the commitment later.”
“Founded by three-time, venture-backed entrepreneur and philanthropist, Dominic Kalms, with the simple mission to get more donations to more nonprofits faster, B Generous partnered up with Drake Bank, a mission aligned community bank in St. Paul, Minnesota, to power the world’s first Point of Donation Loan (PoDL) program.”
“Stealing a page from the retailer-driven ‘Buy Now, Pay Later’ playbook, charity-minded technology developers are rolling out new ‘Donate Now, Pay Later’ tools that enable givers to fund charities via the installment plan model.”
Timeline
Jan 2021 - Present
B Generous
CEO & Founder
Jan 2016 - Present
GVNG
President & Board Member
Jul 2020 - Present
Global Citizen Forum
Global Ambassador & Honorary Member
Mar 2019 - Present
Forbes Nonprofit Council
Official Member
May 2021 - Present
The Global Good Fund
Mentor
March 2017 - Present
NEXUS Global Summit
Member & Delegate
Ask me
What is the state of philanthropy in the US today? Where do you think things are headed? |
Tell us about B Generous, why did you start this company? What do you think the company can accomplish? |
What is the current state of the company? How are the loans financed? How much VC funding did you raise? How much capital can you lend out to power the loans? |