We’ve moved to a new accrual model (as we call it at Thankyou HQ). It means that instead of forecasting what we’ll give each year, we’ll wait until the end of the year (when we know exactly how much we have to give) to commit funds to our project partners. This allows us to commit and give at the same time, and it helps our impact partners on the field who are serving vulnerable communities to plan more strategically to achieve effective and sustainable outcomes - that’s a win in our book.
Track Your Impact will look a little different. We’ll still connect you with your impact; but it’ll take a little longer than it used to. Like any other company, we need to allow time for auditors to review the year’s financials. When the review is complete, we’ll then commit the funds. Based on this, it may take up to 17 months for us to connect you with your impact – depending on the timing of your product purchase and track. That’s why it’s important to sign up, so you can get a notification once your product is assigned to an impact project. Head here for more details: https://thankyou.co/blog/2018/06/empowering-communities-and-our-partners