Mikkell Roeland’s Post

Super great article on where DAF's are headed & the philanthropy sector!

"Sponsors and donors are deploying DAFs in a host of philanthropic configurations. The funds are turning up in grant-maker collaboratives, impact investing, and planned giving. Several DAF sponsors... are encouraging corporate America to add DAFs to benefits packages. The funds, the pitch goes, are the charitable equivalent of individual retirement accounts, and companies can avoid awkward matching contributions to a politically charged nonprofit and instead give to the employee’s DAF." #donoradvisedfunds #charitablegiving #wealthplanning #wealthmanagement #philanthropy

Did you see Chariot in the news recently? 👀 The Chronicle of Philanthropy reported on the explosion of Donor Advised Funds across all corners of philanthropy. From employee benefit packages, to donor collaboratives, to wedding registries - DAFs are showing up everywhere. Drew Lindsay highlights how the nonprofit sector is rapidly evolving to meet the needs of this shift in philanthropy - and how tools like Chariot’s DAFpay™️ are improving the experience with DAF giving for donors and nonprofits. 👏🏼 #nonprofit #philanthropy #fundraising

Donor-advised funds, in addition to rising in popularity, are also more observable from a financial perspective. However, the controls and stipulations attached to these funds -- which focus on what sort of organizations are eligible for the funding -- are crucial measures of their potential effectiveness. While this may put more leverage and control in the hands of specific stakeholders, individual donors should still be diligent when deciding how they want to fund a nonprofit. #Nonprofit #NonprofitLeadership #NonprofitDonors

There's $230 billion and counting in charitable capital parked in donor-advised funds (DAFs). With the Social Finance Impact First Fund, we're making it easy for DAF donors and sponsors to put this capital to work as impact-first investments. Check out the other innovations happening in the DAF ecosystem in Drew Lindsay's recent piece in the The Chronicle of Philanthropy: https://lnkd.in/efQd9sdr #donoradvisedfunds #impactfirst #catalyticcapital  

For anyone working in #philanthropy in the US, Donor Advised Funds (#dafs) are a hot topic. The Chronicle of Philanthropy highlighted some of the main issues around them. There are $230 billion invested in Donor Advised Funds (DAFs) in the US in 2 million accounts (the number of accounts has nearly doubled since 2018). The reach of DAFs is so extensive that more than one out of every four dollars that citizens in the US donate to charity goes to a DAF. What worries me: - The tax break that donors receive when donating to DAF is bigger than if they gave to a foundation. - Gifts to DAFs yield an immediate tax break for the donor but may take years to be put to charitable use. - Like with a traditional endowment, the principal invested in a DAF endowment is not intended to be paid out to charities; sponsors of endowed DAF funds typically cap payout at 4 percent to 6 percent. - DAF contributors are encouraged to think like investors, not charitable donors.

As humans, we are bound to groupism and socialism by nature, hence its Impact Through Finance is crucial, such as: ✅ Addressing #SocialIssues 🗣 ✅ #Community #Empowerment 🫂 ✅ Fostering a #Culture of Generosity 💫 ✅ Building Social Bonds 👨👩👧👦 #socialimpact and #financialfreedom

Read our recent blog and explore how act of charitable giving stands as a beacon of hope ✔ Are you facing difficulties in managing your finances? Download our app " WiserStep" today and manage your finances like a pro! https://lnkd.in/gEkBhVe2 #Wiserli #WiserStep #finance #personalfinance #personaldevelopment #funding #startup #socialimpact

Want to stay ahead of the #fundraising game? Check out these innovative giving strategies that are shaping the future of charitable giving. Read more here! #Charity #Innovation

Are you looking to make a lasting impact through philanthropy? Setting up a charitable fund is a powerful way to create positive change and leave a lasting legacy. Our latest guide walks you through the process of establishing a charitable fund, covering: • Understanding different types of funds • Legal considerations and compliance • Funding strategies • Effective grant-making processes Whether you're an individual, family, or business, this guide provides valuable insights to help you create a giving strategy that aligns with your values and goals. Ready to start your philanthropic journey? Read our comprehensive guide here: https://lnkd.in/dhB43yAj #CharitableGiving #Philanthropy #SocialImpact #GivingStrategies #Opyway