For nonprofit organizations, making the giving process as smooth and efficient as possible for donors is essential to increasing gifts and retaining donors. Recognizing this, Giving Docs has teamed up with Chariot to make giving through donor-advised funds (DAFs) faster and more convenient than ever. DAFpay by Chariot will now be integrated across all Giving Docs platforms:
Here’s how this partnership is poised to increase DAF giving through the Giving Docs portal and how it can benefit your organization.
The Power of Donor-Advised Funds (DAFs)
DAFs have become an increasingly popular way for donors to support charitable causes. These funds allow individuals to set aside money for philanthropy, giving them the flexibility to donate to their chosen nonprofits over time. According to Fidelity Charitable the average DAFgift is 23 times larger than the average credit card gift. However, the process of donating through DAFs can sometimes be cumbersome, involving paperwork, administrative steps, and delays. This can discourage potential donors from completing their contributions.
Enter Chariot: Streamlining the Giving Process
Chariot, known for its innovative technology in the charitable giving space, has developed a tool designed to simplify and streamline the process of donating with a DAF, called DAFpay. With Chariot’s integration into the Giving Docs dashboard, donors can now easily give to their favorite 501(c)(3) organizations with just a few clicks.
Here's what makes this new tool a game-changer:
1. Quick and Convenient: By incorporating DAFpay, the process of donating via a DAF becomes nearly instantaneous. No more tedious paperwork or delays—just a seamless, user-friendly experience that lets donors act on their charitable impulses immediately.
2. Increased Accessibility: Donors can access their DAFs and direct donations to any eligible nonprofit directly through their Giving Docs dashboard. This convenience encourages more frequent and spontaneous giving, which can significantly boost overall contributions to your organization.
3. Transparent Processing: To support this streamlined donation process, Chariot applies a 2.9% processing fee. This fee helps cover the costs of providing the service, ensuring that the donation process remains secure, efficient, and user-friendly.
4. Security: Chariot uses industry-standard encryption methods, has read-only access to the fund’s information and Chariot is committed to maintaining donor privacy. Personal information is never shared with third parties without the donor's consent.
Why This Matters for Nonprofits
Nonprofit organizations meet their mission through the generous support from donors. The donor experience plays a significant role in encouraging this ongoing support. By utilizing DAFpay, nonprofits can help donors give through their preferred funding vehicles. When donors can easily give through their DAFs, it strengthens their connection to the nonprofit and enhances their sense of impact. Over time, this can lead to increased donor loyalty and larger contributions.
How It Works
With the integration of Chariot into the Giving Docs dashboard, donors now can use DAFpay to make their gift in as few as 3 clicks. Chariot's tool then seamlessly connects with the donor's DAF provider to complete the gift. The entire process is secure, transparent, and, most importantly, hassle-free.
Maximizing the Benefits of This New Tool
To make the most of this new giving option, nonprofits should actively promote the availability of the Chariot-powered DAF giving tool through their communications. Highlight the convenience and speed it offers to donors, and emphasize how these streamlined contributions help support your organization’s mission. Claim your free Chariot account and speed up the payout of your DAF gifts by visiting: dashboard.givechariot.com/signup.
Embrace the Future of DAF Giving
The integration of Chariot’s DAF giving tool with the Giving Docs portal is a significant step forward in simplifying the donation process. By making it easier, faster, and more secure to give, this tool not only enhances the donor experience but also has the potential to increase the overall volume of donations to nonprofits.
As a nonprofit, embracing this new tool can help you tap into the growing popularity of DAFs, attract more supporters, and build lasting donor relationships. Reach out to the Giving Docs Team to learn more.