Liquidnet, the global institutional marketplace, commits one percent of revenues each year to fix social problems through its social engagement platform called Liquidnet For Good.  The Local Impact Challenge is designed to support organizations in the New York City area that are strengthening the local community, all while encouraging nonprofits to use social media to engage their supporters.

How the Local Impact Challenge works:

Step 1: Liquidnet employees nominate local NYC organizations to apply for the Challenge.

Step 2: Organizations use social media – such as Facebook, LinkedIn, Twitter, etc. – to encourage their supporters to vote for them in the Challenge.  The top 10 vote-getters become Finalists, receiving an unrestricted grant of at least $10,000.

Step 3: Liquidnet employees then vote on the 10 Finalists to determine the allocation of the $150,000, with grants ranging from $10,000 to $35,000.