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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Nonprofit Management, Financial Management
PR Newswire | January 10, 2024
In a remarkable leap towards a community-led energy future, Energy Allies, the startup energy justice nonprofit based in Boston and New York, has been awarded a $100,000 grant from the Liberty Mutual Foundation.
Renowned for actively involving and working alongside communities most impacted by climate change, Energy Allies imagines a future where every person lives in flourishing, resilient homes powered independently by clean energy. At the heart of their strategy lies the innovative Community Advisory Board (CAB), a collective of community members and organizational representatives compensated for their essential role in developing and endorsing local green energy solutions.
"In our quest for equitable access to sustainable power sources, this grant represents a significant step toward building sturdy, self-reliant communities. It enables us to expedite our community-driven initiatives while reinforcing the conviction that given opportunities, communities are best positioned to lead progress towards clean energy," says Sara Chandler, Chairperson of Energy Allies' Board of Directors.
The first CAB established in Boston ensures that community-led solar projects align with the specific needs of the locality. In partnership with PUSH Buffalo in Buffalo, NY, another CAB was formed under Energy Allies' guidance, with community leadership designing an energy project to create intergenerational wealth for those living in communities most impacted by climate change.
"Yesenia Rivera, Executive Director at Energy Allies, adds, "This funding propels us into new heights of fulfilling our mission objectives. Our approach centered around communities, exemplified by Community Advisory Boards, is pivotal in making lasting impacts. We appreciate the support that allows us to expand our efforts to build equitable clean energy solutions."
Being a significant contributor to the movement towards fair access to clean energy, Energy Allies strategically partners with community members, local organizations, and property owners. Together, they pinpoint ideal locations for green energy projects and devise programs to democratize the power system for all community dwellers.
Community-driven power represents an innovative solution addressing challenges posed by unreliable, costly, and potentially dangerous traditional grids. Energy Allies emphasizes the importance of a movement led by communities advocating for energy justice while highlighting the risk of worsening existing issues without it.
With its roots in research, Energy Allies has emerged as a leader concerning income-eligible community solar access. In collaboration with the Department of Energy, MIT, and Stanford University, this nonprofit developed 'Energy Score,' an accurate predictor of energy payments inclusive to all households. Through alliances with the Department of Energy Solar Technologies Office (SETO), it advocates policies promoting equal inclusion across all income brackets, emphasizing communities' vital role in co-designing local power.
This $100,000 funding from Liberty Mutual Foundation places an already impactful organization - 'Energy Allies', into a position where it could further amplify its contributions towards cleaner and more balanced prospects. This financial boost will kickstart community-led solar initiatives while strengthening efforts to eliminate historical disparities in access to clean energy resources.
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Nonprofit Management, Nonprofit Technology, Social Movements and Community
PR News | January 31, 2024
AnitaB.org has launched a distinctive opportunity aimed at fostering the advancement and success of women and non-binary leaders in technology: AnitaB.org Peer Groups for Executives (APG). Designed specifically for current and aspiring CEOs, the inaugural executive program extends beyond traditional professional development offerings. It's one of many ways the organization is furthering its mission of creating a more diverse and equitable tech ecosystem.
AnitaB.org is honored to facilitate the inaugural executive peer groups," said Brenda Darden Wilkerson, President and CEO of AnitaB.org. "I have personally participated in a CEO peer group, and the experience was transformational. I gained hard skills, confidence, and an expanded network. I think about how much more powerful it would have been if the group was curated to women leaders in tech, with the open space to explore how intersectional identities create additional challenges to leadership, especially in a changing tech environment. We created AnitaB.org Peer Groups for Executives for just this reason.
Data indicates that a big factor holding women back from moving into the most senior positions is a lack of confidence and training. Peer groups are a proven and powerful tool for advancement but are often imbalanced with men seeking participation more than women. APG for Executives is a new and unique opportunity specifically for executive women in tech who seek advancement and access to connection, support, and a proven curriculum for success in the C-Suite. With only 11% of tech CEO and senior-level leadership positions being held by women, if the gender imbalance continues in CEO-level trainings, this gap in representation in the industry will continue. This is important because when more women ascend to executive positions, organizations hire more equitably across intersectional gender identities — another key goal of the program.
To promote a safe and empowering learning environment where women and non-binary technologists are seen and heard, the program features thoughtfully curated peer groups, consisting of 8-12 members each, led by an expert group chair. The selection and vetting process reinforces the integrity of the program, ensuring that participants are qualified, committed to engagement, and bring diverse perspectives and experiences. This intentional approach is the foundation for building a vibrant and inclusive APG community where members can participate in meaningful discussions, exchange ideas, and benefit from the collective wisdom of their peers.
The program will kick off with a two-day, world-class, CEO-level training at an idyllic 150-acre ranch and retreat near Austin, Texas. Designed as an immersive experience, the retreat will delve into the unique challenges women and non-binary tech executives face, seamlessly progressing into conversations on the practical leadership tools needed to succeed in the high-pressure CEO position. Post-retreat, the program continues with monthly virtual and quarterly in-person group sessions for a year, fostering a continuous environment for executive-level learning, collaborative problem-solving, and strategic decision-making. Each participant will also gain exclusive access to one-on-one monthly coaching sessions with Angela Tucci, a longtime tech executive serving as the inaugural APG Leader.
Tucci added, "Throughout my career as a C-Suite executive in tech, I have navigated and understand the challenges women in the industry often face in such roles. It requires specific skill sets and resilience to succeed, and that's what APG will offer. It's important for me to foster and support the upcoming community of women executives who will shape our tech ecosystem for the future.
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