[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 changing into more and more essential for nonprofits to grasp this methodology of giving. What’s a DAF? What are the benefits of donating by means of DAFs in a world the place bank card utilization is extra handy? How will you 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 to 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 automobiles for philanthropic giving, one of the requested matters for the podcast.

All through the podcast, references are made to the next examine concerning 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 items into all their fundraising flows with Chariot’s built-in DAF cost choice, eradicating the complications of lacking DAF donors and monitoring DAF items. He had a 7 12 months profession as an Funding Banker at Goldman Sachs earlier than changing into a startup founder round his greatest ardour – bringing extra excessive affect innovation to the nonprofit house. His startup raised over $1M in pre-seed funding, grew to a workforce of 10, and helped 1000’s of customers. In 2023, he consulted with different founders within the social affect tech sector on their Technique, Story & Gross sales the place he in the end 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 novel group inside the Baird household. Greg is a CFP® practitioner and a Senior Vice President with the agency. He’s licensed for a wide range of insurance coverage wants as nicely, 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 energetic in Fox Chapel Presbyterian Church the place Greg served as an Elder.