[PODCAST] The Way forward for Giving: Donor Suggested Funds (DAFs) – Greg Farrell and Mitch Stein

Donor Suggested Funds (DAFs) have gotten an increasing number of prevalent within the nonprofit house, and it’s turning into more and more essential for nonprofits to know this technique of giving. What’s a DAF? What are some great benefits of donating via DAFs in a world the place bank card utilization is extra handy? How are you going to accommodate donors who need to use this new technique of supporting your mission? Study concerning the motivations behind your donors who’re switching to DAFs, the advantages of DAFs in your nonprofit group, and the newest methods for accommodating donors who use DAFs. On this episode, host Meghan Speer sits down with Greg Farrell and Mitch Stein to debate the ins and outs of DAFs as autos for philanthropic giving, probably the most requested subjects for the podcast.

All through the podcast, references are made to the next research relating to knowledge collected about DAFs: https://www.givechariot.com/daf-fundraising-report. 

Mitch Stein is the Head of Technique for Chariot, a funds firm for Donor Suggested Fund (DAF) giving. They assist nonprofits incorporate Donor Suggested Fund presents into all their fundraising flows with Chariot’s built-in DAF cost choice, eradicating the complications of lacking DAF donors and monitoring DAF presents. He had a 7 yr profession as an Funding Banker at Goldman Sachs earlier than turning into a startup founder round his greatest ardour – bringing extra excessive impression innovation to the nonprofit house. His startup raised over $1M in pre-seed funding, grew to a workforce of 10, and helped hundreds of customers. In 2023, he consulted with different founders within the social impression tech sector on their Technique, Story & Gross sales the place he finally joined Chariot’s workforce to assist make his greatest goals for philanthropy a actuality.

Greg Farrell is a legacy Hefren-Tillotson advisor. He and his spouse, Christine Farrell, lead a singular group inside the Baird household. Greg is a CFP® practitioner and a Senior Vice President with the agency. He’s licensed for quite a lot of insurance coverage wants as properly, together with long-term care insurance coverage. He has authored articles for a number of native newspapers and has been a featured speaker on the favored monetary radio call-in present, “Your Cash & You” heard Sunday mornings on KDKA-AM/1020. Greg has served in quite a few volunteer positions for his favourite charity, the Pittsburgh Classic Grand Prix. He’s additionally lively in Fox Chapel Presbyterian Church the place Greg served as an Elder.