Financial Management, Philanthropy
PR Newswire | February 01, 2024
TIFIN, a leading AI and innovation platform, today announced its philanthropy platform TIFIN Give has acquired Giving Place, the tech solution for family office giving programs and private foundations. The newly combined company now has increased scale and resources to service families through advisors, the workplace, and family offices. The firm now helps oversee $670 million in philanthropy assets and helped facilitate $40 million in charitable donations in 2023.
The donor-advised fund (DAF) space has seen rapid growth in recent years. DAF assets nearly doubled between 2018 and 2022 and stand today at ~$230 billion; total DAF assets are estimated to grow to $1 trillion by 2030. Private foundation assets reached $1.25 trillion last year. The ability of TIFIN Give to serve these charitable structures, among others, continues to unlock substantial opportunities and value for wealth enterprises and their clients.
TIFIN Give's next-generation DAF platform provides a multi-custodial platform, SOC-2 security compliance, and expanded investment options including custom model portfolios. It is now deployed at leading wealth enterprises and employers through their recent partnership to power an employee DAF solution with Morgan Stanley at Work.
Through the Giving Place acquisition, TIFIN Give can now address the philanthropic needs of all asset classes in the wealth enterprise space," said Cor Hoekstra, Head of Wealth Enterprise Partnerships at TIFIN. "We are excited to now reach all types of donors.
The new company will be led by Giving Place's co-founder and CEO, Paul Lussow. Co-founder Alex Paul, will remain involved and serve on the TIFIN Give board. "Our focus on supporting and growing the philanthropic capabilities of wealth enterprises will accelerate through this combined company," said Lussow.
"The key to solving many pain points for donors and their advisors will be powered by the integration of TIFIN Give's digital-first DAF platform with Giving Place's philanthropy software solution for family offices and private foundations," said Giving Place co-founder and TIFIN Give board member Alex Paul.
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Philanthropy
Business Wire | October 03, 2023
Austin FC and Q2 Holdings, Inc. announced today that the organizations are once again teaming up to support local nonprofits dedicated to promoting diversity, equity and inclusion in Central Texas through its Q-mmunity Gives grant program, which returns for a third consecutive year after launching in 2021.
As part of the annual program, Austin FC and Q2 will award three (3) separate $50,000 grants to three (3) nonprofit organizations, altogether totaling $150,000, that focus on the advancement of underrepresented communities through the following impact areas: education, job skills and readiness, and health and wellness.
Central Texas nonprofits Central Texas Table of Grace, Latinitas and Literacy Coalition of Central Texas were named the 2022 Q-mmunity Gives grant recipients.
“During its first two years, the Q-mmunity Gives grant program has shown its ability to make a direct impact in our community, and as such, it has become a staple in our calendar,” said Austin FC President Andy Loughnane. “We’re grateful to be aligned with Q2 on this key initiative given the importance of directly supporting Austin’s nonprofit community.”
“We’re excited to partner with Austin FC to support the Central Texas nonprofit community,” said Q2 Chief Executive Officer Matt Flake. “Our mission is centered on building strong and diverse communities by strengthening their financial institutions, and we look forward to supporting three local nonprofits to expand their community service and impact.”
For a grant application to be considered eligible, it must meet the following criteria:
Nonprofit organizations must be committed to promoting diversity, equity and inclusion in the Central Texas Community;
Program/project must fall within one or more of the following impact areas: (1) Education, (2) Job Skills & Readiness, (3) Health & Wellness;
Program/project must be in the Central Texas community;
Request must come from nonprofit organizations (no funding to individuals);
Requested funds must be used to implement a project; capacity grants are not awarded by Austin FC and Q2 Q-mmunity Gives.;
Nonprofit organizations must be certified as tax exempt under Section 501(c) (3) of the U.S. Internal Revenue Code and not a private foundation as defined in section 509(a) of the code; and
Nonprofit organization must be in good standing with the Internal Revenue Service (IRS), the Texas Franchise Tax Board and the Texas Secretary of State.
The Austin FC and Q2 Q-mmunity Gives Grant Committee will accept applications beginning today, Sept. 26, through Oct. 16.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending solutions to banks, credit unions, alternative finance companies, and fintechs in the U.S. and internationally. Q2’s comprehensive solution set allows its customers to better onboard, grow and serve their consumer, small business and corporate clients. Headquartered in Austin, Texas, Q2 has offices throughout the world and is publicly traded on the NYSE under the stock symbol QTWO.
About Austin FC
Austin FC joined Major League Soccer (MLS) as the League’s 27th club in January 2019. Austin FC officially began competing in MLS in April 2021 and played its first match at home on June 19, 2021, in the new, 100% privately financed, $260 million, state-of-the-art Q2 Stadium in Austin. In its second year, Austin FC finished the regular season 2nd in the Western Conference, while also making a run to the Western Conference Finals during the 2022 MLS Cup Playoffs.
Austin FC also operates the Austin FC Academy, the fully funded developmental academy representing the highest level of competition for elite youth soccer players in Central Texas, while serving as the exclusive developmental pathway to MLS for the region’s most talented young players. In 2023, the Club launched Austin FC II, a professional-level development team, competing as one of 27 clubs in MLS NEXT Pro. The team completes the pro player pathway between elite youth soccer (MLS NEXT) and MLS, for players to develop, improve, and potentially move up to the Austin FC first team.
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Philanthropy
PR Newswire | September 26, 2023
Catchafire, the leading online volunteer platform, proudly announces a remarkable milestone in its ongoing mission to supercharge nonprofit work with skilled and highly motivated volunteer talent. To date, Catchafire has facilitated over $250 million in savings for nonprofits, reinforcing its commitment to driving both philanthropic impact and value for funders.
"Our success metrics demonstrate that Catchafire is powering the important work of nonprofits and saving them precious monetary resources at the same time," said Matt Miszewski, CEO of Catchafire. "Through enabling nonprofit work by harnessing the potential of skilled volunteers we not only ensure important philanthropic work is carried out, but we also drive unmatched value for donating and funding organizations through our partnerships."
Catchafire Impact Metrics (to date):
Nonprofit Value Created:$251,972,481
Total Hours Donated:1,303,945
Current Active Nonprofits:12,566
Total Volunteer Applications:341,272
Catchafire continues to grow its network of nonprofit organizations, volunteers, foundations, and corporate donors, with a commitment to fostering meaningful connections that ultimately improve the lives and communities of many. As the platform expands, the potential for even greater savings and philanthropic impact is possible.
If you are a grantmaker or a corporate donor looking to maximize the impact of your funding, contact Catchafire to set up an informational meeting to discuss your needs.
About Catchafire
Catchafire is a place for people to come together and do good. Catchafire brings together government, philanthropy, business, and volunteers with the goal of bridging paths to stronger communities. We have been shifting skills and resources to communities across the country for over a decade. Every day, we help communities grow stronger by listening to what they need and making sure they get those resources. We are the leading online platform for nonprofits to connect with everyday professionals—our team has helped nonprofits create over $250 million dollars in value, with over 1 million volunteer hours donated. Learn more at catchafire.org.
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