Local web design company gives back with Community Foundation fund
December 5, 2018
When Ben Rex started his website design company Cyberwoven in 2001, he was an undergraduate at the University of South Carolina attempting to grow his business by going door-to-door selling website design services.
“The community adopted us and Mac Bennett was one of those who welcomed us,” Rex says. “When Mac was leading Central Carolina Community Foundation, he and Rose Dangerfield hired a couple of 22-year-olds to build the Foundation’s website. We’ve been associated with the Community Foundation ever since.”
Now a successful digital agency, Cyberwoven is a mid-sized company based in Columbia with clients located across the Midlands and across the country. The company specializes in web design and development, branding, and digital marketing.
In addition to providing digital expertise for clients, Cyberwoven has another mission — to give back to their community. Rex wants Cyberwoven to give intentionally, and has hired Mac Bennett as Cyberwoven’s Director of Community Impact and Strategic Initiatives. He also has continued to contribute to the charitable donor advised fund he established at the Community Foundation in 2011 to simplify giving back.
“We’ve really treated our fund with the Foundation as a savings account and as a tax planning tool,” Rex says. “We’re basically trying to build up the corpus, so that we’ve got more power to do good in the future. It’s both a preparation tool and a way of building our ability to give in the future.”
While much of Cyberwoven’s annual giving is still done directly from their company, their fund at the Community Foundation allows the company the opportunity to focus on both the short and long-term dollars they plan to invest in the community. Cyberwoven’s contributions to their fund are invested by the Community Foundation. The investment gains are added to the dollars available for grantmaking – increasing the impact of Cyberwoven’s community focused grants.
Rex and his team actively advocate for other small and large businesses across the Midlands and beyond to set up a fund at the Community Foundation in order to take advantage of the many benefits provided. Rex’s experience with his fund propelled Sonoco Corporation to establish a fund and that company is now benefiting from the expertise and administrative support the Foundation provides.
“We’re learning from others but we also want to be an example, and the fund is part of that,” Bennett says. “When you look at your business and how you’re trying to grow it, it gives you some options to smooth out your future giving and it also gives you some options to look at the consequences of taxes, which I think is really important for small business people.”
While Cyberwoven is currently a mid-sized company, the firm is growing, in both its client base and its philanthropy. With Rex’s vision for the company as well as the Community Foundation fund, Cyberwoven is on its way to becoming a company known for both its quality services and for its charitable investments across the Midlands.
“Ben [Rex] is really committed to the fund and to giving, not just because it makes sense from a corporate standpoint for Cyberwoven, but because of his commitment to the community,” Bennett says. “He has grown his company here and wants to give back but he wants to be intentional and deliberate about how he is using the resources of the company to make a difference in our community.”
To learn more about how the Community Foundation can assist your business with charitable giving, contact Heather Sherwin at [email protected] or 803. 978.7831.