Grant Compass A/SAktiv

In 2021 Grant Compass became the leading digital platform for foundations 2021 was a breakthrough year for Grant Compass. We launched the asset management solution that we have been working on for more than a year along with a range of product improvements to our digital platform. But what makes us most proud is our high customer satisfaction score and the fact that the vast majority of foundations in Denmark chose Grant Compass when they digitize. Becoming the leading digital platform for foundations is core to our mission of helping foundations donate more to their purposes. In collaboration with Nykredit, we launched an asset management solution Historical low interest rates have been hard on small foundations, and many have been forced to reduce their donations. In collaboration with Nykredit, we launched a low-cost asset management solution tailored to the particular needs of small and medium-sized philanthropic foundations. On average our customers see savings of 25-50% on asset management costs which helps them donate more to their purposes. Asset management was the final piece in the puzzle for our product vision of an all-in-one platform for running a foundation. Grant Compass was asked to advise the government's Foundation committee The Danish government has set up a committee (Fondsudvalget) tasked with making the first major revision of the foundation law since 1985. Grant Compass' founder, David Dencker, was asked to be part of the expert group

Development in activities and financesFinancials are as planned In 2021, the focus was on growth through further developing the foundation management platform. The development increased the cost base through more staff, larger premises, and more activity in general, which is according to the plan for the funding raised in 2020. The loss for the year growing to DKK (7,402) thousand compared to DKK (3,039) thousand the year before, is thus as expected. Total assets and equity amount to DKK 22,961 thousand and DKK 10,171 thousand respectively.

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