Newsday covers team hive and their groundbreaking business model
The two founders of hive lip balm are the first entrepreneurs to create a company that donates all of its profits to environmental charities. Inspired by the success of Newman’s Own product line, the two founders of Hive Lip Balm created a company to give back to non-profit organizations. Profits from hive lip balm and sunscreen benefit The Nature Conservancy, The Ocean Conservancy, Waves for Development, and other environmental charities.
Through the purchases of caring customers, hive lip balm has donated over $25,000 in profits to date to environmental charities. We think that's preaty neat. Hive’s vision for the future is to one day donate as much to charity as Newman’s Own which has donated over $400,000,000 to charities to date.
Hive Lip Balm is available in over 600 retail locations, in 38 states.
“My vision is not to sell lip balm. My dream is to inspire the next generation of entrepreneurs to create companies that donate all of their profits to charity. I would love to see hundreds of new companies, all over the country, start in the next few years and donate all of their profits to charity.”
Morgan Fuchs, Co-Founder, Hive Lip Balm
In July of 2014 Morgan Fuchs and Brian McHale, the two founders of Hive Lip Balm, were invited by Newman's Own Foundation to take part in their first annual meeting of social entrepreneurs at the The Centre for Social Innovation in New York City. It was a huge honor just to be invited.
See Brian holding the Newman's Own sign, Morgan is to his right