Home > News > Latest > Engiven, Inc. Launches Engiven.org to Enable Crypto Donations for More Than 1.6 Million Nonprofits

Fundraising, Philanthropy

Engiven, Inc. Launches Engiven.org to Enable Crypto Donations for More Than 1.6 Million Nonprofits

Engiven Inc News
Engiven, Inc., a leader in cryptocurrency donation management technologies, is proud to announce the launch of Engiven.org, a foundation that will now enable cryptocurrency donors to support more than 1.6 million nonprofits in the U.S by giving any of 94 different cryptocurrencies.

"For more than four years, Engiven has been laser-focused on providing the most advanced and secure crypto donation technologies for nonprofits, Now, with the launch of Engiven.org, we are thrilled to provide an elegant process for donors to quickly choose their favorite charities to support and safely donate any amount of crypto."

-James Lawrence, Co-founder and CEO of Engiven.

For crypto donors, Engiven.org immediately provides an IRS-compliant donation receipt and the required tax documents, including a free crypto appraisal when required. There's no faster or safer way to donate crypto to a nonprofit. Furthermore, Engiven.org is SOC 2 Type 1 compliant, which means it adheres to the highest level of data and user security.

The Engiven Foundation is a 501c3 fiscal sponsor which receives the crypto donations, exchanges them for USD and grants the funds directly to the nonprofit chosen by the donor. The process is highly automated, helps nonprofits eliminate the need for crypto wallets, and removes the need for charities to go through a lengthy verification process typically associated with establishing a crypto exchange account.

Engiven has successfully processed many major crypto gifts, including a Bitcoin donation worth $10 million dollars. Now Engiven is applying its expertise to allow crypto donors to give to virtually any nonprofit in the US.

About Engiven:
Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations, including the Salvation Army, Compassion International, Texas A&M and North Point Ministries. The Engiven platform provides a highly automated crypto-giving solution that includes blockchain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs for enterprise. Engiven is the world's first cryptocurrency donation management platform to achieve SOC 2 Type 1 compliance certification. For more information on donating crypto or to learn how to accept crypto donations for your church, ministry or nonprofit organization.

Spotlight


Other News
Nonprofit Technology

Nonprofits Accelerate Their Impact with Blackbaud Technology

PR Newswire | October 10, 2023

Blackbaud, the leading provider of software for powering social impact, is helping social impact organizations achieve their missions and reach their outcomes in new and innovative ways. From fundraising to data and analytics capabilities, Blackbaud is delivering essential software that enables teams to create impact. "We are committed to delivering capabilities that accelerate the impact of our customers, and we're continuously seeking opportunities to innovate," said Todd Lant, chief customer officer, Blackbaud. "These capabilities help organizations operate more efficiently and effectively than ever before. We're amazed by what our customers can accomplish with the right technology in place." With Blackbaud technology, social impact organizations are maximizing their fundraising potential and more effectively using data. Customer Spotlight: Grand Canyon Conservancy Grand Canyon Conservancy provides millions of dollars and countless service hours to support the priorities of Grand Canyon National Park as the park's official philanthropic and collaborative partner. Grand Canyon Conservancy is leveraging the power of artificial intelligence and automation provided by Prospect Insights, a powerful tool in Blackbaud Raiser's Edge NXT® to identify major gift prospects and help shape the portfolios of fundraisers. With Prospect Insights, their team was able to automatically generate a list of assigned prospects, review relevant giving and capacity indicators, and remove low likelihood prospects from portfolios all within one modern interface. The software's embedded intelligence can make predictions, set goals and help establish a roadmap. "Prospect Insights helped me identify the correct constituents to place into gift officer portfolios," said Cassie Chilcutt, prospect research manager. "We can also use the snapshot wealth and giving data within Prospect Insights to make more educated asks of our constituents. Using data in a strategic way helps us save time and money that can go back to support our mission." Customer Spotlight: Carry The Load Carry The Load provides active ways to honor the sacrifices made by U.S. military, veterans, first responders and their families. The nonprofit's signature Memorial May campaign features a national relay where thousands of people join the relay team to walk along the 20,000-mile trek across all 48 continental states. Their event team has long relied on Blackbaud TeamRaiser® to power this peer-to-peer fundraising event, and this year, they were able to use Good Move™, the new gamified activity tracking app available through TeamRaiser. With Good Move, Carry The Load enabled their participants to track their mileage and fundraising progress on an engaging, live leaderboard. Participants who used Good Move overall were more engaged and raised 46% more funds on average than those who didn't. "The Good Move app will expand our reach as a nonprofit and ultimately make a greater impact for those we serve," said President and CEO Stephen Holley, a veteran U.S. Navy Seal who co-founded Carry The Load. Customer Spotlight: Norfolk SPCA Norfolk SPCA is one of the oldest animal welfare organizations in the country whose mission is to shelter, treat, rehabilitate and rehome household companion animals. To help achieve this, the Norfolk SPCA leverages Blackbaud Raiser's Edge NXT to manage its 18,000+ constituent records, drive increased responses for appeals, and engage existing and prospective supporters. Raiser's Edge NXT also provides event management and follow-up tools to help turn attendees of the organization's largest annual fundraising event into supporters. "We're a very data-driven organization, and Raiser's Edge NXT complements our need to develop specific criteria to build a list of prospective donors for each appeal," said Cara Olsen, donor relations manager. "It helps keep me organized, and I know which donor to target for any type of ask, whether it's a direct ask by an SPCA employee or board member, a direct mail appeal, an event sponsorship or another type of opportunity." About Blackbaud Blackbaud is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries.

Read More

Philanthropy

Catchafire Platform Drives $250M+ in Savings for Nonprofits, Further Empowering Philanthropic Impact and Dollar Value for Funders

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.

Read More

Fundraising

Shift4 Partners with Give Lively to Offer Powerful Fundraising Solution to Nonprofits

Business Wire | September 28, 2023

At today’s Global Citizen Festival, Give Lively, a ground-breaking nonprofit fundraising platform, and Shift4, the leader in integrated payments and commerce technology, announced a partnership to the significant benefit of nonprofit organizations across the United States, too many of them burdened by cumbersome and expensive fundraising platforms. Give Lively, which builds powerful and practical fundraising solutions that are free for nonprofits and intuitive for donors, will add Shift4 as a payment processor, offering some of the lowest transaction fees available while maintaining a secure, reliable transaction experience. Set to launch in 2024, the integration will also expand donation processing capabilities to include stocks and top cryptocurrencies, powered by The Giving Block, a Shift4 company. “At Give Lively, we believe that nonprofits shouldn’t sacrifice their means to satisfy their missions, and that giving should be intuitive and joyful for donors,” said David DeParolesa, CEO of Give Lively. "This exciting partnership with Shift4 is a huge win for both donors and nonprofits. It will bring lower costs and more giving options to donors, as well as new tools that simplify giving for our 8,600 – and growing! – member nonprofits, allowing everyone to spend less time navigating complexities and more time making a difference." “As we’ve experienced in the payments industry for some time, donation methods are changing rapidly,” said Jared Isaacman, Founder & CEO of Shift4. “Nonprofits, like many other businesses, want the ability to accommodate their donors' preferences. We believe that if you make it easy and affordable for nonprofits to adopt these modern donation methods, they will grow faster. That’s what this partnership with Give Lively is all about.” The partnership announcement was made at the Global Citizen Festival in keeping with both organizations’ foundational commitment to social good. Give Lively ensures that all nonprofits approved for membership align with its progressive values focused on elevating marginalized voices, striving to meet the needs of the underserved, imagining a safer future and advocating for equality. The partnership is also the latest effort by Isaacman to do more in the nonprofit sector, where he has a long history of philanthropy. In 2021, he commanded Inspiration4, the first all-civilian mission to orbit, which served as a groundbreaking fundraiser for St. Jude Children’s Research Hospital, raising over $250 million for the charity including over $100 million donated by Isaacman. The following year, Shift4 acquired fundraising platform The Giving Block to expand the company’s capabilities serving the nonprofit sector. About Shift4 Shift4 is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com. About Give Lively Give Lively is a tech company reimagining the future of digital fundraising for nonprofits – powerful, practical and free. It builds easy-to-use fundraising solutions that are free for nonprofits and intuitive for donors, all while staying true to progressive values. Nonprofits using Give Lively have raised more than $750 million for their critical work, saving $45+ million in tech fees and charges.

Read More

Philanthropy

Vanguard Charitable launches electronic granting solution, surpassing $100 million in electronic grants to more than 400 charities in first 4 months

PR Newswire | September 21, 2023

Vanguard Charitable, a leading U.S. grantmaker and trusted sponsor of donor-advised funds (DAFs), has launched Grant Payments with PayPal, enabling charities to receive funds from grantmakers faster and more easily. The initiative addresses the longstanding use of physical checks in charitable grantmaking, a method hampered by mail delays and administrative burdens for receiving charities. To address this problem for all nonprofits, Vanguard Charitable and National Philanthropic Trust (NPT) closely collaborated with PayPal. Grant Payments allows eligible nonprofits to accept and receive electronic funds for grants up to $10 million at no cost to the charity or grantmaker. "For a long time, grantmakers have acknowledged the shortcomings of sending funds via paper check, but there was no easy, secure, and charity-friendly solution to address the grantmaking space as a whole," said Rebecca Moffett, president of Vanguard Charitable. "We—Vanguard Charitable, National Philanthropic Trust, and PayPal—saw an opportunity to bring together leaders in their respective fields so that charities across the country could receive funds in a simple, secure, and much faster way – ultimately helping to drive their respective missions forward." Since Vanguard Charitable's launch of Grant Payments in May of 2023, Vanguard Charitable donors have electronically granted more than $130 million to more than 400 eligible charities.1 More than 30,000 additional charities are currently eligible to receive funds via Grant Payments from Vanguard Charitable. Since May, Vanguard Charitable's total percentage of grants distributed by methods other than a physical check increased more than elevenfold when compared to the same period the year before. Funds sent by Vanguard Charitable via Grant Payments arrive within one day of the receiving charity accepting the grant, and, in one case, in as little as one minute and forty-three seconds.2 In another instance, a charity accepted a $6 million electronic grant with ease. There are no fees for any grants sent via this method.3 "As an organization that relies heavily on volunteers, any opportunity MANNA has to simplify processing donations and grants is incredibly valuable," said Amy Mansky, MPH, director of advancement at MANNA, a charity that uses nutrition to improve health for people with serious illnesses who need nourishment to heal. "With electronic Grant Payments, MANNA staff don't need to open a piece of mail or pass a check from department to department to process. The money is in our account within a couple of clicks." The benefits of Grant Payments were particularly visible in the aftermath of the recent Maui wildfires. Of the $3.7 million that Vanguard Charitable donors issued in grants in the three weeks following the fires, 57% was sent electronically and arrived within a day of the grant's approval. For local organizations whose offices were destroyed or who weren't receiving mail, this proved a major boost in serving a community in need. While individual donors are already able to give electronically via credit card, on charity websites, and even in the checkout line, these donations are generally smaller than ones made via a donor-advised fund and are diminished by service fees. Donor-advised fund giving, meanwhile, topped $45 billion in 2021 (the latest year on record), meaning that a significant portion of nonprofits' total donations has continued to come via physical check. "PayPal Grant Payments drives efficiency for grantmakers and charities by offering a granting solution to digitally send and receive grants quickly, efficiently and securely," said Michael Budwig, Senior Director of Product for Giving at PayPal. "By implementing PayPal Grant Payments, Vanguard Charitable is able to help more than 200,000 PayPal confirmed charities receive electronic grants, streamlining and simplifying what has historically been a much more manual and drawn-out process." "When donors recommend a grant, they rely on Vanguard Charitable's thorough due diligence to give them peace of mind. Now they can also count on those funds reaching an eligible charity more quickly," said Ann Gill, chief philanthropic officer at Vanguard Charitable. "Grant Payments offers a long-awaited solution to grantee organizations who want to avoid the hassle of waiting for and processing physical checks and instead use those dollars more quickly to uplift their communities." About Vanguard Charitable Vanguard Charitable is a leading U.S. nonprofit organization that fulfills its mission to increase philanthropic giving by administering a donor-advised fund—a tax-effective way to consolidate, accrue, and grant assets to charity. Since it was founded by Vanguard4 in 1997 as an independent 501(c)(3) organization, Vanguard Charitable has granted more than $17 billion to charity. More information is available at www.vanguardcharitable.org. About PayPal PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit www.paypal.com. About National Philanthropic Trust Founded in 1996, National Philanthropic Trust (NPT) is the largest national, independent public charity that manages donor-advised funds and one of the leading grantmaking institutions in the U.S. Since its founding, NPT has raised more than $49.8 billion in charitable funding and has made more than 640,000 grants exceeding $25.7 billion to nonprofits around the world. NPT annually publishes the Donor-Advised Fund Report, the sector's authority on the state of DAF philanthropy. Visit NPT's resource library to learn what you can do with a DAF and about NPT's impact investing options. More at NPTrust.org and NPTGivingPoint.org.

Read More

Nonprofit Technology

Nonprofits Accelerate Their Impact with Blackbaud Technology

PR Newswire | October 10, 2023

Blackbaud, the leading provider of software for powering social impact, is helping social impact organizations achieve their missions and reach their outcomes in new and innovative ways. From fundraising to data and analytics capabilities, Blackbaud is delivering essential software that enables teams to create impact. "We are committed to delivering capabilities that accelerate the impact of our customers, and we're continuously seeking opportunities to innovate," said Todd Lant, chief customer officer, Blackbaud. "These capabilities help organizations operate more efficiently and effectively than ever before. We're amazed by what our customers can accomplish with the right technology in place." With Blackbaud technology, social impact organizations are maximizing their fundraising potential and more effectively using data. Customer Spotlight: Grand Canyon Conservancy Grand Canyon Conservancy provides millions of dollars and countless service hours to support the priorities of Grand Canyon National Park as the park's official philanthropic and collaborative partner. Grand Canyon Conservancy is leveraging the power of artificial intelligence and automation provided by Prospect Insights, a powerful tool in Blackbaud Raiser's Edge NXT® to identify major gift prospects and help shape the portfolios of fundraisers. With Prospect Insights, their team was able to automatically generate a list of assigned prospects, review relevant giving and capacity indicators, and remove low likelihood prospects from portfolios all within one modern interface. The software's embedded intelligence can make predictions, set goals and help establish a roadmap. "Prospect Insights helped me identify the correct constituents to place into gift officer portfolios," said Cassie Chilcutt, prospect research manager. "We can also use the snapshot wealth and giving data within Prospect Insights to make more educated asks of our constituents. Using data in a strategic way helps us save time and money that can go back to support our mission." Customer Spotlight: Carry The Load Carry The Load provides active ways to honor the sacrifices made by U.S. military, veterans, first responders and their families. The nonprofit's signature Memorial May campaign features a national relay where thousands of people join the relay team to walk along the 20,000-mile trek across all 48 continental states. Their event team has long relied on Blackbaud TeamRaiser® to power this peer-to-peer fundraising event, and this year, they were able to use Good Move™, the new gamified activity tracking app available through TeamRaiser. With Good Move, Carry The Load enabled their participants to track their mileage and fundraising progress on an engaging, live leaderboard. Participants who used Good Move overall were more engaged and raised 46% more funds on average than those who didn't. "The Good Move app will expand our reach as a nonprofit and ultimately make a greater impact for those we serve," said President and CEO Stephen Holley, a veteran U.S. Navy Seal who co-founded Carry The Load. Customer Spotlight: Norfolk SPCA Norfolk SPCA is one of the oldest animal welfare organizations in the country whose mission is to shelter, treat, rehabilitate and rehome household companion animals. To help achieve this, the Norfolk SPCA leverages Blackbaud Raiser's Edge NXT to manage its 18,000+ constituent records, drive increased responses for appeals, and engage existing and prospective supporters. Raiser's Edge NXT also provides event management and follow-up tools to help turn attendees of the organization's largest annual fundraising event into supporters. "We're a very data-driven organization, and Raiser's Edge NXT complements our need to develop specific criteria to build a list of prospective donors for each appeal," said Cara Olsen, donor relations manager. "It helps keep me organized, and I know which donor to target for any type of ask, whether it's a direct ask by an SPCA employee or board member, a direct mail appeal, an event sponsorship or another type of opportunity." About Blackbaud Blackbaud is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries.

Read More

Philanthropy

Catchafire Platform Drives $250M+ in Savings for Nonprofits, Further Empowering Philanthropic Impact and Dollar Value for Funders

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.

Read More

Fundraising

Shift4 Partners with Give Lively to Offer Powerful Fundraising Solution to Nonprofits

Business Wire | September 28, 2023

At today’s Global Citizen Festival, Give Lively, a ground-breaking nonprofit fundraising platform, and Shift4, the leader in integrated payments and commerce technology, announced a partnership to the significant benefit of nonprofit organizations across the United States, too many of them burdened by cumbersome and expensive fundraising platforms. Give Lively, which builds powerful and practical fundraising solutions that are free for nonprofits and intuitive for donors, will add Shift4 as a payment processor, offering some of the lowest transaction fees available while maintaining a secure, reliable transaction experience. Set to launch in 2024, the integration will also expand donation processing capabilities to include stocks and top cryptocurrencies, powered by The Giving Block, a Shift4 company. “At Give Lively, we believe that nonprofits shouldn’t sacrifice their means to satisfy their missions, and that giving should be intuitive and joyful for donors,” said David DeParolesa, CEO of Give Lively. "This exciting partnership with Shift4 is a huge win for both donors and nonprofits. It will bring lower costs and more giving options to donors, as well as new tools that simplify giving for our 8,600 – and growing! – member nonprofits, allowing everyone to spend less time navigating complexities and more time making a difference." “As we’ve experienced in the payments industry for some time, donation methods are changing rapidly,” said Jared Isaacman, Founder & CEO of Shift4. “Nonprofits, like many other businesses, want the ability to accommodate their donors' preferences. We believe that if you make it easy and affordable for nonprofits to adopt these modern donation methods, they will grow faster. That’s what this partnership with Give Lively is all about.” The partnership announcement was made at the Global Citizen Festival in keeping with both organizations’ foundational commitment to social good. Give Lively ensures that all nonprofits approved for membership align with its progressive values focused on elevating marginalized voices, striving to meet the needs of the underserved, imagining a safer future and advocating for equality. The partnership is also the latest effort by Isaacman to do more in the nonprofit sector, where he has a long history of philanthropy. In 2021, he commanded Inspiration4, the first all-civilian mission to orbit, which served as a groundbreaking fundraiser for St. Jude Children’s Research Hospital, raising over $250 million for the charity including over $100 million donated by Isaacman. The following year, Shift4 acquired fundraising platform The Giving Block to expand the company’s capabilities serving the nonprofit sector. About Shift4 Shift4 is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com. About Give Lively Give Lively is a tech company reimagining the future of digital fundraising for nonprofits – powerful, practical and free. It builds easy-to-use fundraising solutions that are free for nonprofits and intuitive for donors, all while staying true to progressive values. Nonprofits using Give Lively have raised more than $750 million for their critical work, saving $45+ million in tech fees and charges.

Read More

Philanthropy

Vanguard Charitable launches electronic granting solution, surpassing $100 million in electronic grants to more than 400 charities in first 4 months

PR Newswire | September 21, 2023

Vanguard Charitable, a leading U.S. grantmaker and trusted sponsor of donor-advised funds (DAFs), has launched Grant Payments with PayPal, enabling charities to receive funds from grantmakers faster and more easily. The initiative addresses the longstanding use of physical checks in charitable grantmaking, a method hampered by mail delays and administrative burdens for receiving charities. To address this problem for all nonprofits, Vanguard Charitable and National Philanthropic Trust (NPT) closely collaborated with PayPal. Grant Payments allows eligible nonprofits to accept and receive electronic funds for grants up to $10 million at no cost to the charity or grantmaker. "For a long time, grantmakers have acknowledged the shortcomings of sending funds via paper check, but there was no easy, secure, and charity-friendly solution to address the grantmaking space as a whole," said Rebecca Moffett, president of Vanguard Charitable. "We—Vanguard Charitable, National Philanthropic Trust, and PayPal—saw an opportunity to bring together leaders in their respective fields so that charities across the country could receive funds in a simple, secure, and much faster way – ultimately helping to drive their respective missions forward." Since Vanguard Charitable's launch of Grant Payments in May of 2023, Vanguard Charitable donors have electronically granted more than $130 million to more than 400 eligible charities.1 More than 30,000 additional charities are currently eligible to receive funds via Grant Payments from Vanguard Charitable. Since May, Vanguard Charitable's total percentage of grants distributed by methods other than a physical check increased more than elevenfold when compared to the same period the year before. Funds sent by Vanguard Charitable via Grant Payments arrive within one day of the receiving charity accepting the grant, and, in one case, in as little as one minute and forty-three seconds.2 In another instance, a charity accepted a $6 million electronic grant with ease. There are no fees for any grants sent via this method.3 "As an organization that relies heavily on volunteers, any opportunity MANNA has to simplify processing donations and grants is incredibly valuable," said Amy Mansky, MPH, director of advancement at MANNA, a charity that uses nutrition to improve health for people with serious illnesses who need nourishment to heal. "With electronic Grant Payments, MANNA staff don't need to open a piece of mail or pass a check from department to department to process. The money is in our account within a couple of clicks." The benefits of Grant Payments were particularly visible in the aftermath of the recent Maui wildfires. Of the $3.7 million that Vanguard Charitable donors issued in grants in the three weeks following the fires, 57% was sent electronically and arrived within a day of the grant's approval. For local organizations whose offices were destroyed or who weren't receiving mail, this proved a major boost in serving a community in need. While individual donors are already able to give electronically via credit card, on charity websites, and even in the checkout line, these donations are generally smaller than ones made via a donor-advised fund and are diminished by service fees. Donor-advised fund giving, meanwhile, topped $45 billion in 2021 (the latest year on record), meaning that a significant portion of nonprofits' total donations has continued to come via physical check. "PayPal Grant Payments drives efficiency for grantmakers and charities by offering a granting solution to digitally send and receive grants quickly, efficiently and securely," said Michael Budwig, Senior Director of Product for Giving at PayPal. "By implementing PayPal Grant Payments, Vanguard Charitable is able to help more than 200,000 PayPal confirmed charities receive electronic grants, streamlining and simplifying what has historically been a much more manual and drawn-out process." "When donors recommend a grant, they rely on Vanguard Charitable's thorough due diligence to give them peace of mind. Now they can also count on those funds reaching an eligible charity more quickly," said Ann Gill, chief philanthropic officer at Vanguard Charitable. "Grant Payments offers a long-awaited solution to grantee organizations who want to avoid the hassle of waiting for and processing physical checks and instead use those dollars more quickly to uplift their communities." About Vanguard Charitable Vanguard Charitable is a leading U.S. nonprofit organization that fulfills its mission to increase philanthropic giving by administering a donor-advised fund—a tax-effective way to consolidate, accrue, and grant assets to charity. Since it was founded by Vanguard4 in 1997 as an independent 501(c)(3) organization, Vanguard Charitable has granted more than $17 billion to charity. More information is available at www.vanguardcharitable.org. About PayPal PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering 429 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit www.paypal.com. About National Philanthropic Trust Founded in 1996, National Philanthropic Trust (NPT) is the largest national, independent public charity that manages donor-advised funds and one of the leading grantmaking institutions in the U.S. Since its founding, NPT has raised more than $49.8 billion in charitable funding and has made more than 640,000 grants exceeding $25.7 billion to nonprofits around the world. NPT annually publishes the Donor-Advised Fund Report, the sector's authority on the state of DAF philanthropy. Visit NPT's resource library to learn what you can do with a DAF and about NPT's impact investing options. More at NPTrust.org and NPTGivingPoint.org.

Read More

More Trending news

Spotlight

Resources

The When & Why of 501c3 Donation Receipts for Nonprofits | Part 1

Video

Peer-to-Peer Fundraising: A Step-by-Step Guide to Setting up Your Personal Fundraising Page

Video

AC Fundraising Demo

Video

The When & Why of 501c3 Donation Receipts for Nonprofits | Part 1

Video

Peer-to-Peer Fundraising: A Step-by-Step Guide to Setting up Your Personal Fundraising Page

Video

AC Fundraising Demo

Video