Donor Suggested Funds (DAFs) have gotten an increasing number of prevalent within the nonprofit house, and it’s changing into more and more essential for nonprofits to grasp this methodology of giving. What’s a DAF? What are some great benefits of donating by DAFs in a world the place bank card utilization is extra handy? How will you accommodate donors who wish to use this new technique of supporting your mission? Be taught in regards to the motivations behind your donors who’re switching to DAFs, the advantages of DAFs to your nonprofit group, and the most recent methods for accommodating donors who use DAFs. On this episode, host Meghan Speer sits down with Greg Farrell and Mitch Stein to debate the ins and outs of DAFs as autos for philanthropic giving, some of the requested matters for the podcast.
All through the podcast, references are made to the next research concerning knowledge collected about DAFs: https://www.givechariot.com/daf-fundraising-report.
Mitch Stein is the Head of Technique for Chariot, a funds firm for Donor Suggested Fund (DAF) giving. They assist nonprofits incorporate Donor Suggested Fund presents into all their fundraising flows with Chariot’s built-in DAF fee possibility, eradicating the complications of lacking DAF donors and monitoring DAF presents. He had a 7 12 months profession as an Funding Banker at Goldman Sachs earlier than changing into a startup founder round his largest ardour – bringing extra excessive impression innovation to the nonprofit house. His startup raised over $1M in pre-seed funding, grew to a crew of 10, and helped 1000’s of customers. In 2023, he consulted with different founders within the social impression tech sector on their Technique, Story & Gross sales the place he finally joined Chariot’s crew to assist make his largest desires for philanthropy a actuality.
Greg Farrell is a legacy Hefren-Tillotson advisor. He and his spouse, Christine Farrell, lead a novel group inside the Baird household. Greg is a CFP® practitioner and a Senior Vice President with the agency. He’s licensed for quite a lot of insurance coverage wants as nicely, together with long-term care insurance coverage. He has authored articles for a number of native newspapers and has been a featured speaker on the favored monetary radio call-in present, “Your Cash & You” heard Sunday mornings on KDKA-AM/1020. Greg has served in quite a few volunteer positions for his favourite charity, the Pittsburgh Classic Grand Prix. He’s additionally energetic in Fox Chapel Presbyterian Church the place Greg served as an Elder.
