Victory Communication’s (“Victory”) telecom service grants are made through a business unit within the company that is called The Philanthro-Phone Project (“PHILANTHRO-PHONE” or “Grant Program”).
PHILANTHRO-PHONE receives a percentage of the revenue Victory generates by providing services to corporate clients under the program, and uses those funds to provide grants to nonprofits.
Telecom services grants are structured to provide completely free voice, data, collaboration and meeting software services to nonprofit organizations (including any applicable federal, state and local taxes).
The value of the services provided to a nonprofit under the Grant Program will equal either the amount of:
There are three primary participants to the telecom services grant under PHILANTHRO-PHONE and each
receives a number of tangible benefits for its participation:
Once a proposal for services is accepted by a corporate customer it can decide if its telecom grant funds go into a general pool for a type of mission or a specific nonprofit group.
Corporate Customer / Nonprofit Sponsor
receives 5-10% of
CORPORATE CUSTOMER A
CORPORATE CUSTOMER B
CORPORATE CUSTOMER C
EXAMPLE BENEFICIARY A
EXAMPLE BENEFICIARY B
EXAMPLE BENEFICIARY C
* The grant funds generated by a corporate client’s services may only cover part of the services requested by their nonprofit beneficiary
Victory will publish an annual report on January 15th of each year detailing the names of the corporate customers participating in the program, grant funds raised, and grant funds distributed to nonprofits.
Offices in different regions have different service providers available to them and varying data needs (e.g., a nonprofit that produces movies will have very different data needs than a nonprofit that provides legal services). Services will be priced and quoted on a case-by-case basis.
Grant Services Pricing
All initial services under the grants will be provided at Victory’s cost. If additional services are added following the original grant those will be billed at Victory’s nonprofit rates or donated at cost if grant funds are still available.
Government Taxes & Fees
Government taxes and fees for telecom services add approximately 22% to the cost of services. Under the grant program, approximately 22% of funds will be allocated to paying government taxes and fees on behalf of the nonprofits.
Term of Guaranteed Service
Victory’s contracts with corporate customers have a term of 3-years; therefore, it can guarantee services to nonprofits under the Grant Program for three years. Nonetheless, grants resulting from a corporate customer’s usage will continue for as long as the corporate customer’s account is in good standing — whether that is for three years or twenty years. If a nonprofit loses its corporate sponsor under the program, it will be prioritized under the general grant program, if no funds are available at the time under the general program it will be able to cancel services or continue services at highly discounted nonprofit pricing while looking for a replacement sponsor.
The following is a partial listing of Victory customers that represent a wide breath of sectors and industries: