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TIAA announces partnership with Girls in Tech to empower women in technology

TIAA | September 08, 2022 | Read time : 01:55 min

TIAA announces News
TIAA has teamed up with Girls in Tech (GIT), a global nonprofit with more than 100,000 members focused on closing the gender gap in technology careers.

"TIAA is committed to doing the hard work to understand the challenges and clear the path for women in tech, We're excited to collaborate with Girls in Tech to unlock opportunities for women in all stages of their STEM careers and empower them to reach their goals."

-Sastry Durvasula, Chief Information and Client Services Officer, and a board member for the nonprofit.

TIAA will collaborate with GIT throughout 2022 and 2023 for multiple initiatives including the GIT Hackathon, Startup Challenge, Digital Career Fair, Mentorship Program, Cybersecurity Webinars and the upcoming Girls in Tech conference.

"Joining forces with TIAA, a mission-driven organization with more than 100 years serving others, is an important milestone in our journey, This collaboration will elevate our positive impact in building the diverse and inclusive tech workforce the world needs."

-Adriana Gascoigne, Girls in Tech Founder and CEO.

The Girls in Tech Conference will take place in-person in Nashville, Wednesday, Sept. 7. Participants from all over the world will gather to find community, sharpen their skills, learn how to advance their careers in tech, and discover companies that are leveraging technology to drive change and growth within their industries. Most importantly, they will learn how they can be a part of that change.

Wendy Harrington, Chief Information Officer, TIAA Wealth and Corporate Technology, will deliver a keynote address about her own career journey in her talk titled Destination Unknown: Enjoy the Journey.

TIAA ambassadors and recruiters will be on hand at the expo to discuss the exciting technology agenda, job openings and culture at TIAA, as well as share stories of their own career paths in technology.  

About TIAA:
TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. It is the #1 not-for-profit retirement market provider1, paid more than $6.4 billion in lifetime income to retired clients in 2021 and has $1.2 trillion in assets under management (as of 6/30/2022)2.

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Nonprofit Technology

Delta Dental Community Care Foundation Announces $16 Million in Funding to NPO's to Increase Access to Quality Oral Health Care in 2023-2024

PR Newswire | July 12, 2023

The Delta Dental Community Care Foundation, the philanthropic arm of Delta Dental of California, today announced $16 million in funding to nonprofit organizations through an Access to Care Grants Program intended to increase and safeguard access to quality, affordable oral health care. The program is offered across the 15 states and Washington, D.C. where Delta Dental of California operates. Since 2011, the Community Care Foundation has granted more than $130 million. The Community Care Foundation funds local community partners to increase access to care, address health disparities, drive health equity and promote innovation in the oral health field. The grants enable its nonprofit partners, which include Federally Qualified Health Centers, to provide vital and beneficial services to those most in need in the communities they serve. Through these grants, the Community Care Foundation has significantly impacted the lives of many community members, including David Sunday. Sunday, a United States Air Force veteran who is now the outreach coordinator and veteran liaison at The Council on Recovery and vice president of the Party Sober Partnership, received oral health care through a partner, UTHealth Houston School of Dentistry. "When I first came to UTHealth Houston School of Dentistry, I was five years sober from my 30-year fight with PTSD and had no idea how I was going to begin addressing my significant dental needs," said Sunday. "The state of my teeth was impacting my recovery – physically, mentally and spiritually. When I looked in the mirror, I couldn't see anything good about myself. The care I received from UTHealth Houston School of Dentistry has been one of the greatest blessings in my life and has helped me move forward. Dentistry is an untapped resource that everyday people do not always have access to, so being able to see other veterans receive the gift of their health and smile again is an honor." "This year's Access to Care Grants represent the program's largest annual funding and are focused on three critical areas of need: the oral health crisis among older adults, health equity and rural oral health access," said Kenzie Ferguson, vice president of foundation and corporate social responsibility for Delta Dental of California. "The important relationships with our partners enable us to achieve our broader mutual goals to help make the communities we serve strong, healthier and more resilient." About Delta Dental of California Since 1955, Delta Dental of California has offered comprehensive, high-quality oral health care coverage to millions of enrollees and built the strongest network of dental providers in the country. The Delta Dental of California enterprise includes its affiliates Delta Dental Insurance Company, Delta Dental of Pennsylvania, Delta Dental of New York, Inc., as well as the national DeltaCare USA network, and provides dental benefits to more than 44 million people across 15 states and the District of Columbia*. All are members of the Delta Dental Plans Association based in Oak Brook, Illinois, the not-for-profit national association that, through a national network of Delta Dental companies, collectively covers millions of people nationwide. For more information about Delta Dental of California, please visit www.deltadentalins.com About Delta Dental Community Care Foundation The Delta Dental Community Care Foundation is the philanthropic arm of Delta Dental of California and its affiliated companies, including Delta Dental Insurance Company, Delta Dental of Pennsylvania and Delta Dental of New York, Inc. Since 2011, the Community Care Foundation has awarded more than $130 million in funding and support to increase access to quality dental care, oral health education and to advance scientific research across the company's 15-state service area and Washington, D.C. For more information about the Delta Dental Community Care Foundation, please visit https://www1.deltadentalins.com/foundation.html

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Nonprofit Technology, Philanthropy

Parkinson's Foundation Invests $2.8 Million in Research Grants

PR Newswire | July 25, 2023

The Parkinson's Foundation has announced an investment of $2.8 million in 30 grants to accelerate cutting-edge Parkinson's disease (PD) research. Through research grants, the Foundation funds scientists conducting innovative studies across various aspects of PD to bring forward new therapies, treatments, and ultimately a cure for the 10 million people worldwide living with this debilitating neurological disease. "Taking on a disease as complex as Parkinson's requires the best scientific minds in the world. We are focused on supporting innovative scientific approaches to research, and individual scientists are the drivers of those advances," said Chief Scientific Officer James Beck, PhD, of the Parkinson's Foundation. This year, the Parkinson's Foundation 2023 Bill and Amy Gurley Impact Awards were made possible by a $1 million donation from Bill and Amy Gurley. These awards are designed to support out-of-the-box projects that bring a new light to the biology of PD, a new approach to research or a novel treatment idea. Jingxin Wang, PhD, one of the award's recipients from the University of Kansas School of Pharmacy, will utilize the grant to explore a potential new way to target the cause of PD by using RNA-degrading technology. This study will use new technology to investigate how to prevent over-accumulation of the alpha-synuclein protein in the brain, hopefully paving a way to halt the development of the disease. The study's findings can potentially revolutionize the field of RNA therapeutics, not only for PD, but also for a wide range of neurological disorders. "Receiving this esteemed award from the Parkinson's Foundation is an incredible honor and a significant milestone in my journey as a researcher," said Wang. "I am dedicated to advancing our understanding of Parkinson's, and as a chemist, I am excited to harness the potential of RNA-degrading technology to target this complex neurological disorder." Parkinson's Foundation research grants are selected through a highly competitive application process that is comprised of a peer-review panel of scientific experts, including members of the Foundation's Scientific Advisory Board and Foundation-trained research advocates. Research award categories include independent investigator awards, fellowships, early career awards and awards for institutions. For a complete list of 2023 recipients and more information about Parkinson's Foundation research grant opportunities, please visit Parkinson.org/ResearchGrants. About the Parkinson's Foundation The Parkinson's Foundation makes life better for people with Parkinson's disease by improving care and advancing research toward a cure. In everything we do, we build on the energy, experience and passion of our global Parkinson's community. Since 1957, the Parkinson's Foundation has invested more than $425 million in Parkinson's research and clinical care. About Parkinson's Disease Affecting an estimated one million Americans, Parkinson's disease is the second-most common neurodegenerative disease after Alzheimer's and is the 14th-leading cause of death in the U.S. It is associated with a progressive loss of motor control (e.g., shaking or tremor at rest and lack of facial expression), as well as non-motor symptoms (e.g., depression and anxiety). There is no cure for Parkinson's and nearly 90,000 new cases are diagnosed each year in the U.S.

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Fundraising

JustGiving to Revolutionize Fundraising with the Integration of Generative AI

PR Newswire | August 29, 2023

Blackbaud, the leading provider of software for powering social impact, today announced a groundbreaking AI development for JustGiving®, the world's most trusted platform for online giving. Through generative AI, fundraisers on JustGiving are now able to quickly and easily create personal stories to share with their networks. This update is expected to benefit more than 20,000 charities, as part of Blackbaud's Intelligence for Good® strategy. On JustGiving, more than 850,000 fundraising pages were created last year, and of these, around 35% of fundraisers chose to use the platform's pre-written content instead of writing their own individual stories. JustGiving's research shows that pages that include a clear and personal story raise around 65% more than those that don't, highlighting the impact a compelling story can have for a fundraiser. Using generative AI, JustGiving now provides fundraisers with an AI-powered writing assistant that allows them to quickly and easily create personal stories to share with their networks. "We know it can be difficult for our fundraisers to write up their very personal stories. Yet, those individual stories are the most important part of a fundraising page as they help people across communities understand what they're doing and why they're doing it," said Pascale Harvie, senior vice president, JustGiving from Blackbaud. "By using AI in this way as a powerful force for good, it's our hope that our fundraisers will feel confident to share their JustGiving pages with their friends, family members and across their networks." Blackbaud recently unveiled a major new wave of its Intelligence for Good® strategy, with a commitment to creating AI for social impact teams that is accessible, powerful and responsible. "The development on JustGiving is another fantastic example of how we're expanding into new areas to make AI more accessible to fundraisers," said Kevin McDearis, chief technology officer, Blackbaud. "This latest wave of innovation builds on Blackbaud's proven history of building and delivering actionable insights that help nonprofits and individuals raise more money for important causes." About JustGiving® JustGiving is the world's most trusted platform for online giving. We help people raise money for the charities and people they care about the most. In 2000, JustGiving.com began with one simple goal – to enable charities to receive donations online from anywhere in the world. Fast forward 22 years and over £6 billion has been raised for good causes in almost every single country in the world. JustGiving became part of Blackbaud in 2017. 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. Learn more at www.blackbaud.com.

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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.

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Nonprofit Technology

Delta Dental Community Care Foundation Announces $16 Million in Funding to NPO's to Increase Access to Quality Oral Health Care in 2023-2024

PR Newswire | July 12, 2023

The Delta Dental Community Care Foundation, the philanthropic arm of Delta Dental of California, today announced $16 million in funding to nonprofit organizations through an Access to Care Grants Program intended to increase and safeguard access to quality, affordable oral health care. The program is offered across the 15 states and Washington, D.C. where Delta Dental of California operates. Since 2011, the Community Care Foundation has granted more than $130 million. The Community Care Foundation funds local community partners to increase access to care, address health disparities, drive health equity and promote innovation in the oral health field. The grants enable its nonprofit partners, which include Federally Qualified Health Centers, to provide vital and beneficial services to those most in need in the communities they serve. Through these grants, the Community Care Foundation has significantly impacted the lives of many community members, including David Sunday. Sunday, a United States Air Force veteran who is now the outreach coordinator and veteran liaison at The Council on Recovery and vice president of the Party Sober Partnership, received oral health care through a partner, UTHealth Houston School of Dentistry. "When I first came to UTHealth Houston School of Dentistry, I was five years sober from my 30-year fight with PTSD and had no idea how I was going to begin addressing my significant dental needs," said Sunday. "The state of my teeth was impacting my recovery – physically, mentally and spiritually. When I looked in the mirror, I couldn't see anything good about myself. The care I received from UTHealth Houston School of Dentistry has been one of the greatest blessings in my life and has helped me move forward. Dentistry is an untapped resource that everyday people do not always have access to, so being able to see other veterans receive the gift of their health and smile again is an honor." "This year's Access to Care Grants represent the program's largest annual funding and are focused on three critical areas of need: the oral health crisis among older adults, health equity and rural oral health access," said Kenzie Ferguson, vice president of foundation and corporate social responsibility for Delta Dental of California. "The important relationships with our partners enable us to achieve our broader mutual goals to help make the communities we serve strong, healthier and more resilient." About Delta Dental of California Since 1955, Delta Dental of California has offered comprehensive, high-quality oral health care coverage to millions of enrollees and built the strongest network of dental providers in the country. The Delta Dental of California enterprise includes its affiliates Delta Dental Insurance Company, Delta Dental of Pennsylvania, Delta Dental of New York, Inc., as well as the national DeltaCare USA network, and provides dental benefits to more than 44 million people across 15 states and the District of Columbia*. All are members of the Delta Dental Plans Association based in Oak Brook, Illinois, the not-for-profit national association that, through a national network of Delta Dental companies, collectively covers millions of people nationwide. For more information about Delta Dental of California, please visit www.deltadentalins.com About Delta Dental Community Care Foundation The Delta Dental Community Care Foundation is the philanthropic arm of Delta Dental of California and its affiliated companies, including Delta Dental Insurance Company, Delta Dental of Pennsylvania and Delta Dental of New York, Inc. Since 2011, the Community Care Foundation has awarded more than $130 million in funding and support to increase access to quality dental care, oral health education and to advance scientific research across the company's 15-state service area and Washington, D.C. For more information about the Delta Dental Community Care Foundation, please visit https://www1.deltadentalins.com/foundation.html

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Nonprofit Technology, Philanthropy

Parkinson's Foundation Invests $2.8 Million in Research Grants

PR Newswire | July 25, 2023

The Parkinson's Foundation has announced an investment of $2.8 million in 30 grants to accelerate cutting-edge Parkinson's disease (PD) research. Through research grants, the Foundation funds scientists conducting innovative studies across various aspects of PD to bring forward new therapies, treatments, and ultimately a cure for the 10 million people worldwide living with this debilitating neurological disease. "Taking on a disease as complex as Parkinson's requires the best scientific minds in the world. We are focused on supporting innovative scientific approaches to research, and individual scientists are the drivers of those advances," said Chief Scientific Officer James Beck, PhD, of the Parkinson's Foundation. This year, the Parkinson's Foundation 2023 Bill and Amy Gurley Impact Awards were made possible by a $1 million donation from Bill and Amy Gurley. These awards are designed to support out-of-the-box projects that bring a new light to the biology of PD, a new approach to research or a novel treatment idea. Jingxin Wang, PhD, one of the award's recipients from the University of Kansas School of Pharmacy, will utilize the grant to explore a potential new way to target the cause of PD by using RNA-degrading technology. This study will use new technology to investigate how to prevent over-accumulation of the alpha-synuclein protein in the brain, hopefully paving a way to halt the development of the disease. The study's findings can potentially revolutionize the field of RNA therapeutics, not only for PD, but also for a wide range of neurological disorders. "Receiving this esteemed award from the Parkinson's Foundation is an incredible honor and a significant milestone in my journey as a researcher," said Wang. "I am dedicated to advancing our understanding of Parkinson's, and as a chemist, I am excited to harness the potential of RNA-degrading technology to target this complex neurological disorder." Parkinson's Foundation research grants are selected through a highly competitive application process that is comprised of a peer-review panel of scientific experts, including members of the Foundation's Scientific Advisory Board and Foundation-trained research advocates. Research award categories include independent investigator awards, fellowships, early career awards and awards for institutions. For a complete list of 2023 recipients and more information about Parkinson's Foundation research grant opportunities, please visit Parkinson.org/ResearchGrants. About the Parkinson's Foundation The Parkinson's Foundation makes life better for people with Parkinson's disease by improving care and advancing research toward a cure. In everything we do, we build on the energy, experience and passion of our global Parkinson's community. Since 1957, the Parkinson's Foundation has invested more than $425 million in Parkinson's research and clinical care. About Parkinson's Disease Affecting an estimated one million Americans, Parkinson's disease is the second-most common neurodegenerative disease after Alzheimer's and is the 14th-leading cause of death in the U.S. It is associated with a progressive loss of motor control (e.g., shaking or tremor at rest and lack of facial expression), as well as non-motor symptoms (e.g., depression and anxiety). There is no cure for Parkinson's and nearly 90,000 new cases are diagnosed each year in the U.S.

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Fundraising

JustGiving to Revolutionize Fundraising with the Integration of Generative AI

PR Newswire | August 29, 2023

Blackbaud, the leading provider of software for powering social impact, today announced a groundbreaking AI development for JustGiving®, the world's most trusted platform for online giving. Through generative AI, fundraisers on JustGiving are now able to quickly and easily create personal stories to share with their networks. This update is expected to benefit more than 20,000 charities, as part of Blackbaud's Intelligence for Good® strategy. On JustGiving, more than 850,000 fundraising pages were created last year, and of these, around 35% of fundraisers chose to use the platform's pre-written content instead of writing their own individual stories. JustGiving's research shows that pages that include a clear and personal story raise around 65% more than those that don't, highlighting the impact a compelling story can have for a fundraiser. Using generative AI, JustGiving now provides fundraisers with an AI-powered writing assistant that allows them to quickly and easily create personal stories to share with their networks. "We know it can be difficult for our fundraisers to write up their very personal stories. Yet, those individual stories are the most important part of a fundraising page as they help people across communities understand what they're doing and why they're doing it," said Pascale Harvie, senior vice president, JustGiving from Blackbaud. "By using AI in this way as a powerful force for good, it's our hope that our fundraisers will feel confident to share their JustGiving pages with their friends, family members and across their networks." Blackbaud recently unveiled a major new wave of its Intelligence for Good® strategy, with a commitment to creating AI for social impact teams that is accessible, powerful and responsible. "The development on JustGiving is another fantastic example of how we're expanding into new areas to make AI more accessible to fundraisers," said Kevin McDearis, chief technology officer, Blackbaud. "This latest wave of innovation builds on Blackbaud's proven history of building and delivering actionable insights that help nonprofits and individuals raise more money for important causes." About JustGiving® JustGiving is the world's most trusted platform for online giving. We help people raise money for the charities and people they care about the most. In 2000, JustGiving.com began with one simple goal – to enable charities to receive donations online from anywhere in the world. Fast forward 22 years and over £6 billion has been raised for good causes in almost every single country in the world. JustGiving became part of Blackbaud in 2017. 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. Learn more at www.blackbaud.com.

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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.

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