SOLARCO PHILANTHROPIC PROPOSAL a partnership with L EIGH M C K ENZIE & AUSTIN S HVARTS COMPANY BACKGROUND We are SolarCo – a solar power company headquartered in Philadelphia. Our company designs, installs, and sells solar energy systems to residential and commercial customers. We currently serve PA, NJ, NJ & MD. Our corporate mission is to make clean energy available to homeowners and businesses at a lower cost than traditional energy sources. TEASER As a triple bottom line company, we believe very strongly in a business model that focuses on people, planet and profit. A partnership with Habitat Philadelphia will undeniably benefit the people and planet aspect, while profits will come in the future. RECOMMENDATION We will donate 2.5% of SolarCo’s pre-tax profits to buy and install solar panel systems on new Habitat Philadelphia houses, which will help us improve employee relations and gain positive publicity. CHARITY PROFILE Habitat for Humanity Philadelphia Services Building simple, decent and affordable housing Headquarters Philadelphia, PA Year 1985 Founded Mission To transform lives and our city by building quality homes in partnership with families in need. Local Impact Habitat Philadelphia has built 168 homes Financial • 84% of funds directly benefit its programs & services Efficiency • 7.0% of funds are assigned to fundraising costs • 9.0% of funds are assigned administrative Source:to Habitat Philadelphia Annualcosts Report 2012 ORGANIZATIONAL SYNERGIES SolarCo Attach our name to HFH, resulting in positive publicity Both Operate in Philadelphia Environmental Sustainability Habitat for Humanity HFH seeks costefficient energy solutions PROPOSAL ‘ROAD MAP’ FOR 2014 Donate - purchase and donate solar panel systems (tax-deductible contributions) Volunteer – SolarCo employees will install the systems (strengthen loyalty) Educate – sponsor unveiling events to teach the community about solar power Publicize – news and social media (improves brand awareness & reputation) FINANCIAL INVESTMENT SolarCo Pre-Tax Profit (current and forecast) $2,500,000 Impact: $8,000 solar panel system per house (parts & labor) $2,000,000 5 houses in 2014 - $40,000 $1,500,000 • As profit grows, we will help more families each year • 8 installations in 2016 • 10 installations in 2017 Positive publicity will drive new customers, higher revenues and profits $1,000,000 $500,000 $2013 *2014 2015 est. 2016 est. pre-tax profit PROPOSAL SUMMARY • Our corporate missions and values align • Affordable and sustainable clean energy • 5% donation will not hinder our growth • Employee engagement opportunities • • Philanthropic team building Educate community on solar energy • Positive publicity from local news and social media will improve SolarCo’s brand awareness and reputation