Lemonade Giveback to Code to Inspire

Code to Inspire teaches Afghan female students how to code in the hopes to create social, political, and economic equality in Afghanistan. By teaching women the skills they need to enter the global tech market, Code to Inspire helps women get jobs that are financially rewarding and socially accessible.

Through the Giveback to Code to Inspire, the Lemonade community financed six months of sustainable electricity for the school where the girls study. This generous donation will give the girls the day-to-day resources they need to succeed in the classroom, bringing Code to Inspire one step closer to tackling gender inequality and poverty in Afghanistan.

The 2017 Lemonade Giveback

Our total Giveback for 2017 was $53,174, and this number calls for some context: this amounts to 10.2% of our revenue. As a point of reference, the Fortune 100 give 0.08% of their revenues each year (CECP p.36). So if year-one is anything to go by, Giveback has the potential to 100X that benchmark. Time will tell, but early indications are encouraging.  

We had 21 cause-centric-groups as of June 30, and 14 (66.7%) received a Giveback. Here’s a fun fact: among these 14 causes, an average of 18% of premiums were given to charity. These funds can go a long way when put in the right hands.

But it’s more than just numbers. Giveback amounts to a change in kind, because it isn’t dependent on profits (Lemonade hasn’t turned a profit yet). We think of Giveback as a social contract among our community, where the size and allocation is determined not by our big profits or big hearts, but by the good fortune and good behavior of our members. Remember, it’s not our money.

As our Chief Behavioral Officer Dan Ariely explained, “it’s money our community has entrusted to us, first and foremost to help our members recover from unfortunate events in their lives, and secondly, to help the less fortunate in our broader community.”

Share your Code to Inspire impact, and read more about our 2017 Giveback here.

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