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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Fundraising, Nonprofit Technology
PR Newswire | January 11, 2024
Bloomerang, the complete donor and volunteer relationship management platform for thousands of small and medium-sized nonprofits, today announced that they acquired Qgiv, a leading provider of fundraising technology solutions. This strategic acquisition accelerates Bloomerang's vision to build the giving platform of the future.
Nonprofits currently face a shifting donor landscape, dwindling donations, disconnected technologies, and increasingly limited resources–making it difficult to engage supporters and deliver better outcomes. The addition of Qgiv's best-in-class fundraising solution to Bloomerang's leading donor and volunteer relationship management platform will accelerate nonprofits' ability to raise more money and improve fundraising outcomes through stronger relationships with supporters.
"Both Qgiv and Bloomerang are top-rated solutions that lead the market in addressing some of the common challenges that nonprofits face today–raising funds, finding new donors, and cultivating existing donors," says Dennis Fois, Chief Executive Officer (CEO) at Bloomerang. "Together we can deliver an expanded solution that exceeds the needs of the nonprofit sector–intuitive, easy-to-use donor management, volunteer management, and deep fundraising capabilities–in a single place. By bringing together the best of fundraising and donor relationship management, we can help nonprofits maximize the full potential of their donor communities and ultimately raise more donations, time, and support."
"The integration between Qgiv and Bloomerang is wonderful," said Maggie Mestrich, Director of Business Development at Carmel Swim Club. "It eliminates duplicate tasks, makes our stewardship more seamless, and helps our organization work more efficiently."
Since 2020, fundraising software has seen a big shift in importance for nonprofits. Together, Bloomerang and Qgiv fill a need in the market to accelerate innovations in donor engagement and help nonprofits realize their full potential. The combined solution will provide numerous benefits for nonprofit organizations:
Increase fundraising revenue: Uncover high-performing campaigns and strategies to maximize giving potential and improve fundraising outcomes through the unification of data, people, and tools in one place.
Enable deeper relationships: Automated constituent insights allow for personalized engagement and deeper relationship-building with supporters.
Employ dynamic fundraising: Automatically tap into supporters' strengths and passions in order to maximize their gifts–whether it's time, dollars, or talent.
Save administrative time: Automate repetitive tasks, spend less time on data entry, and access a wider range of solutions, more support, and additional educational resources.
Achieve better outcomes: Deepen supporter engagement to generate long-term giving relationships and more funds raised.
"For 15 years our focus at Qgiv has been providing best-in-class fundraising technology to help nonprofit teams raise more in support of their missions," says Todd Baylis, Qgiv CEO. "By adding Qgiv's end-to-end fundraising solution to Bloomerang's leading donor relationship management platform, we can help nonprofits raise more by supporting the entire donor journey. We recognize that our technologies, people, and skills complement each other, and we have a tremendous opportunity to build the sector's first and most efficient giving platform."
Bloomerang's long-standing integration with Qgiv is available today with plans for more enhancements in 2024 and builds on a continued phase of exciting growth for the company. In 2023, the company launched Bloomerang Volunteer following the acquisition of volunteer management software. The company also released several product updates and enhancements including a refreshed self-serve Donor Portal, dynamic segmentation with its Groups functionality, contactless payment options with Tap to Pay, and a variety of new reports and dashboard updates to support more than 16,000 nonprofit organizations.
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Nonprofit Management, Financial Management
PR Newswire | January 03, 2024
Recognizing the escalating demands faced by community nonprofits, the U.S. Senate Federal Credit Union (USSFCU) in Alexandria, Virginia, proudly announces its recent distribution of $65,000 to seven deserving nonprofits. These funds are poised to amplify the significant impact these organizations have both locally in the metropolitan Washington region and on a broader national scale.
USSFCU President and CEO, Timothy L. Anderson, emphasized the credit union's longstanding commitment to community welfare, stating, "Giving back to the communities in which we live and work has always been integral to our mission. Through these donations, we aim to express our gratitude to these organizations for their tireless efforts in strengthening our communities."
The donations, ranging from $5,000 to $20,000, have been strategically allocated to support regional food pantries, shelters, and disaster relief programs. Each beneficiary was carefully chosen by USSFCU's leadership team, reflecting a deep connection to the hearts and minds of credit union staff.
The initiative commenced in mid-December, as Anderson and a select group of USSFCU representatives embarked on a series of check presentations at local locations. During these visits, they gained insights into the impactful work undertaken by each organization and presented them with a symbolic check.
Beneficiary organizations and their respective donations include
Capital Area Food Bank - $20,000
SOME (So Others Might Eat) - $10,000
Mattie Miracle Cancer Foundation - $10,000
ALIVE! (Alexandria) - $5,000
Carpenter's Shelter - $5,000
American Red Cross – $15,000
In addition to the monetary contributions, USSFCU actively engaged in hosting holiday donation drives, collecting toys, food, and winter essentials for the mentioned organizations. USSFCU members and staff were encouraged to participate by bringing their donations to the Credit Union's Bowman Branch location. The collected items will be delivered to the respective beneficiaries in the coming weeks, further reinforcing USSFCU's commitment to community support and well-being.
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Nonprofit Management, Nonprofit Technology
PR Newswire | January 09, 2024
The National Sleep Foundation (NSF) today launched its SleepTech® Network, a new community forum for stakeholders across the sleep technology industry. The announcement comes from CES® in Las Vegas, a trade show that showcases the entire tech landscape. NSF is exhibiting at Booth 8604 in the North Hall in Tech East.
Among the inaugural members of the SleepTech® Network are organizations ranging from high-profile start-ups to representatives of the Fortune Global 500, reflecting important segments including consumer electronics, digital therapeutics, mobility, consumer home products, and sleep-monitoring AI software. Members include Asleep, Pocket Kado, PureCare, Samsung Health, Variowell, and Waymo.
NSF's SleepTech Network benefits members through education, insights, and access, including to NSF resources and each other. Each organization can stay informed and up-to-date with the latest NSF research and data on sleep health technology, while network members learn about advances with other professionals in the field of SleepTech, discuss sleep technology issues and opportunities, and interact with peers at NSF-hosted educational events.
Kickoff activities for SleepTech® Network members include a briefing on rates of electronic device use before bedtime and associated sleep characteristics, along with public beliefs about the sleep-related consequences of pre-sleep electronic use. Joseph Dzierzewski, PhD, NSF's Vice President of Research and Scientific Affairs will lead the briefing in February, exploring NSF's newest research results and key findings.
"NSF sees the potential SleepTech® has to help the public's health and well-being. It's a fast-growing global industry, and NSF's role is not just to advocate for and support innovation in this space, but also to do our part and help others understand and navigate it in a way that can improve sleep health," said John Lopos, NSF CEO.
NSF is committed to making science-based SleepTech more accessible and convenient so anyone and everyone can be their Best Slept Self®. For over 30 years, NSF has educated the public about the importance of sleep for health and well-being. NSF has promoted positive sleep health through published expert recommendations, consensus guidelines, technology standards, and easy-to-use tips and tools to improve sleep.
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