1. Dave Inc. donates $250,000 to Baby2Baby, supporting underprivileged children. 2. The donation contributes to a gala that raised $18.5 million for Baby2Baby. 3. 1 in 2 families struggle to provide basic necessities like diapers. 4. Dave's aid reflects its commitment to financial health for Americans. 5. Baby2Baby has distributed over 500 million items to children in need.
FAQ
Why Bullish?
Dave's involvement in philanthropy enhances its public image, potentially attracting more customers.
How important is it?
The donation highlights Dave's commitment to social responsibility, which can attract socially conscious investors and customers.
Why Short Term?
Immediate positive media exposure can influence stock sentiment quickly, similar to previous philanthropic announcements boosting shares.
Dave Inc. Donates $250,000 to Baby2Baby to Support Families in Need
Los Angeles, Dec. 9, 2025 (GLOBE NEWSWIRE) – Dave Inc. (Nasdaq: DAVE), a prominent player in the neobanking sector, has announced a significant donation of $250,000 to Baby2Baby, a national nonprofit organization dedicated to providing essential items to children living in poverty. This contribution was aimed at supporting Baby2Baby’s annual Gala, which set a record by raising $18.5 million during this momentous event.
Impact of the Donation
The funds raised at the Gala are crucial for Baby2Baby's mission of reaching over one million children across the United States with basic necessities, including diapers and clothing. This support is particularly vital during times of economic uncertainty and crises, when families struggle to provide for their children.
Jason Wilk, Founder and CEO of Dave, emphasized the importance of this partnership, stating, “Millions of families across the country are facing the challenge of meeting their most basic needs. Baby2Baby is an incredible organization that delivers tangible, immediate support to children and parents who need it most. We’re proud to partner with Baby2Baby to provide a stronger financial foundation for many American families.”
Baby2Baby's Ongoing Mission
Over the past 14 years, Baby2Baby has distributed more than 500 million essential items to children in need across all 50 states. The organization has also demonstrated remarkable responsiveness, aiding over 100 disaster and emergency situations, including fires, floods, and hurricanes that have impacted vulnerable children.
Kelly Sawyer Patricof and Norah Weinstein, Co-CEOs of Baby2Baby, expressed their gratitude, stating, “We are so grateful for Dave's support of the 2025 Baby2Baby Gala, our most important and impactful night of the year. One in two families in the U.S. are struggling to provide diapers for their babies. Partners like Dave allow us to continue reaching over one million children across the country who are relying on Baby2Baby to provide the basic essentials they need and deserve.”
Dave’s Commitment to Economic Well-Being
This donation reaffirms Dave's ongoing commitment to enhancing the economic well-being of everyday Americans. The company aims not just to help individuals make ends meet, but also to guide them towards long-term financial health.
About Dave
Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech innovator that serves millions of everyday Americans. By leveraging disruptive technologies, Dave provides competitive banking services at significantly lower costs than traditional financial institutions. For more information about the company, visit www.dave.com. For investor updates, check investors.dave.com and follow @davebanking on X.
About Baby2Baby
Baby2Baby is a nonprofit organization committed to providing children in need with diapers, formula, clothing, and other essential items. Serving over one million children across all 50 states, Baby2Baby has established itself as a leader in the nonprofit sector. The organization has distributed over 500 million items in the last 14 years, helping children in various critical situations, including those affected by domestic violence, homelessness, and natural disasters. With a recognized model of impact, innovation, and influence, Baby2Baby has been acknowledged as the #1 nonprofit by Fast Company’s World's Most Innovative Companies List and has received accolades from TIME Magazine as one of 2023's most influential companies. To learn more about Baby2Baby, visit www.baby2baby.org.