SOCIAL ENTERPRISE CREATES COMPLETELY NEW FUNDRAISING CHANNEL FOR CHARITIES  THROUGH EXCESS INVENTORY

SOCIAL ENTERPRISE CREATES COMPLETELY NEW FUNDRAISING CHANNEL FOR CHARITIES THROUGH EXCESS INVENTORY

 TORONTO,  ON, October  18,  2021  –  The Charity Hub  (“TCH”  or “the company”), a unique social enterprise  that transforms excess and obsolete inventor y from  corporations  into charitable funds, has announced  its  latest charity recipient s  who collectively received  ov er  $40,000 CDN  in donations. The money, which was  raised  through the liquidation  of excess  inventory by TCH, has been donated to multiple charities across

 Canada, which include:  Their Opportunity Minor Sports Corp;   John Tavares Foundation  (Pass it Forward),  Golf Canada Foundation  (First Tee), and  Habitat for Humanity . In 2022 TCH is set to create over  $1,000,000 in charitable funds.

 “We’re thrilled to be adding these worthy causes to the list of charities we’ve supported this year. In 2021  alone, we’ve raised over $1 75, 000, proving our business  model can generate an entirely new funding  stream for charities,” comments  Dave Rolleston, CEO,  The Charity Hub  . “Almost every company across  North America has excess inventory and the longer they hold on to it, the more it costs them. For many,  the answer is to send their excess inventory to a landfill but we have developed a worthwhile solution that  benefits everyone involved. Our triple impact business model reduces excess inventory, raises new funds  for charities, and contributes to companies’ ESG, allowing businesses to feel proud of working with TCH.”

  Their Opportunity received a donation of $11,000 from The Charity Hub, which was raised through TCH's liquidation of products from Farallon Brands.

 According to  CNBC  and  Earth 911 , US online retailers  alone are sending 5 billion (bn) pounds of excess  inventory to landfills every year, adding up to over 15bn pounds globally j ust  from the ecommerce industry.

 The Charity Hub offers a different solution; one that saves the company money, frees up resources,  contributes to environmental sustainability and helps charities to create meaningful social change. “We’re  acting as a broker for good,”  says Rolleston, who  has been in the business for over 25 years and  understands the sensitivity of excess product and repurposing it.

 “The Charity Hub model is changing the landscape for how companies can support their communities.”  comments  Randy Gill, President/CEO of Their Opportunity.  Jon Sugar, VP Product Acquisition, The Charity Hub  adds, “We know of companies with excess inventory, and we know charities can always use cash  donations. So, to keep inventory from going to landfills  or getting into traditional excess inventory brokers  hands,  we’re redirecting unwanted inventory to do  some good.”

 “The Charity Hub has created an incredible opportunity for our company to move our excess inventory in a  professional manner while supporting those in our community,” states  Jon Wayne Gurman, CEO of JCorp  Inc  ., one of TCH’s clients. “The Charity Hub has changed  our corporate strategy on the way we deal with  our excess inventory.”

 The Charity Hub is proud to h ave created  over $175,000  for charities across Canada  in just a few months  through its philanthropic model  and looks forward  to continuing to help companies transform their excess  inventory challenges into powerful, financial, social, and environmental impact opportunities.