Unlock Donor-Advised Funds
There are more than 2 million Donor Advised Funds holding more than $230 billion, yes billion, in funds waiting to be dispersed to nonprofits like yours.
A Donor Advised Fund is like a charitable investment account for the sole purpose of supporting nonprofits. DAFs are the fastest-growing giving vehicle because they're one of the easiest and most tax-advantageous ways to give to charity.
Yet, from the nonprofit side, they can be challenging.
A big challenge is that gifts from donor-advised funds don’t come through traditional marketing channels like direct mail or email. The donation comes from a charitable “sponsor” that manages the funds on behalf of the donor.
This can be tricky when it comes to donor stewardship.
Enter Mitch Stein of Chariot, a Donor-Advised Fund payment solution for nonprofits.
This cool tool allows donors to log in and disburse funds to your organization as easy as a PayPal button! No more finding mystery checks or digging for names to thank folks. It creates the connection between donor and nonprofit so you can deepen the relationship.
“One of the big innovations is you capture that donor name and email immediately so you're not hunting down trying to figure out who this check came from, you can thank them appropriately right away and steward them accordingly.”
Mitch shares tons of information on DAFs in general and what Chariot is doing to help make the billions more accessible to you. Plus, they have resources on their website to demystify DAFs so you can get in the game if you are not already.
In case no one has told you yet today, you are awesome!
Maryanne
PS: Last call for my new training Cultivating Commitment: How to move past transactional fundraising and turn donors into devotees! REGISTER HERE!