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DonorDive Joins DAF Day as a Launch Partner, Spearheading a New Kind of Giving Day

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DonorDrive

CINCINNATI—July 31, 2024—DonorDrive, creator of an advanced enterprise digital fundraising solution, is collaborating in the launch of the first-ever DAF Day, happening this October, a new kind of giving day that reframes how Donor Advised Funds (DAFs) are used – and who uses them.

DAFs are a tax-advantaged charitable giving account, similar to a 401(k) for retirement or a Health Saving Account (HSA) for health care expenses. DAFs have expanded rapidly in recent years, with the number of accounts growing 9x since 2012 and disbursing $52 billion in 2022. New research on nonprofit DAF fundraising shows that DAF donors give 19x as much as non-DAF donors, and when an existing non-DAF donor starts giving from a DAF, their annual support increases 96%.

DonorDrive joins Chariot, the payments company dedicated to DAF giving, along with top nonprofits and Donor Advised Funds, to boost the usage and adoption of this fast-growing philanthropic vehicle in the weeks leading up to DAF Day on October 10.

With $230 billion already set aside for giving in DAF accounts, nonprofit organizations have a great opportunity to increase revenue and simplify the giving experience with DonorDrive’s DAFpay payment option. DAFpay, Chariot’s 3-click DAF payment option, is natively integrated into DonorDrive donation pages for both Individual Giving programs and peer-to-peer events. This integration gives DAF donors a best-in-class experience, enabling real-time participation and recognition in online fundraising while improving efficiency for nonprofit teams.

“We are thrilled to be an official launch partner of DAF Day! The Donor Advised Fund (DAF) giving experience continues to be a major focus for our clients as we approach the biggest fundraising season of the year," said Kasey Cuppoletti, Senior Vice President, Product at DonorDrive. "Through our collaboration with Chariot’s DAFpay, DonorDrive makes it easier than ever for organizations to not only reduce donor friction, but also increase revenue and efficiency for nonprofit staff. We can't wait to continue seeing the impact organizations and their DAF donors make on DAF Day October 10!"

DonorDrive encourages it’s clients to join the national day of DAF giving on October 10 and activate their donors to create a new wave of philanthropic support. With technology to enable real-time participation and recognition for DAF donors, the stage is set for a moment of unprecedented generosity. 

To learn more about DAFpay on DonorDrive and simplify the donor experience ahead of DAF Day, watch the on-demand webinar, The $229 Billion Question: How Will DAFpay Help You Hit Your Revenue Goals Faster? or visit donordrive.com/contact.

About DonorDrive

DonorDrive, is an advanced digital fundraising platform for nonprofits that turns everyday people into powerful fundraisers. Drive more revenue for your cause with the most immersive, connected, and well-designed fundraising experience ever made. For more than 20 years, DonorDrive has helped hundreds of nonprofits like Children's Miracle Network Hospitals, American Foundation for Suicide Prevention, Covenant House, Doctors Without Borders, Muscular Dystrophy Association, World Vision and hundreds more to raise billions of dollars. To learn more about DonorDrive, visit www.donordrive.com.

About DAF Day

DAF Day is a new kind of giving day that reframes how donor advised funds are used–and who uses them. A collaborative group of leading nonprofits, fundraising platforms and DAF providers are coming together to activate their collective audience of millions of donors for a single day of unprecedented generosity with DAFs on October 10, 2024. Visit www.dafday.com to learn more.

About Chariot

Chariot is the payments company dedicated to Donor Advised Fund (DAF) giving. DAFpay, Chariot’s 3-click DAF payment option, allows donors to give with their DAF anywhere they are inspired to give online. This enables donors to use their DAF in more places, more often, and unlocks more DAF gifts with better information for nonprofits. Visit www.givechariot.com to learn more.

Forward-Looking Statements  

Certain statements in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current expectations and assumptions that are subject to risks and uncertainties. All statements contained in this news release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “expect,” “intend,” “anticipate,” “estimate,” “believe,” “future,” “could,” “should,” “plan,” “aim,” and other similar expressions. These forward-looking statements include, but are not limited to, statements regarding anticipated financial performance and financial position, including our financial outlook for the third quarter and full year 2023 and thereafter, and other statements that are not historical facts. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including, but not limited to, the following: our inability to sustain our rapid growth; failure to manage our infrastructure to support our future growth; our risk management efforts not being effective to prevent fraudulent activities; inability to attract new customers or convert trial customers into paying customers; inability to introduce new features or services successfully or to enhance our solutions; declines in customer renewals or failure to convince customers to broaden their use of solutions; inability to achieve or sustain profitability; failure to adapt and respond effectively to rapidly changing technology, evolving industry standards and regulations and changing business needs, requirements or preferences; real or perceived errors, failures or bugs in our solutions; intense competition; lack of success in establishing, growing or maintaining strategic partnerships; fluctuations in quarterly operating results; future acquisitions and investments diverting management’s attention and difficulties associated with integrating such acquired businesses; general economic conditions (including inflation and rising interest rates), both domestically and internationally, as well as economic conditions affecting industries in which our customers operate; the war in Ukraine; concentration of revenue in our InvoiceCloud solutions; COVID-19 pandemic and its impact on our employees, customers, partners, clients and other key stakeholders; legal and regulatory risks; and technology and intellectual property-related risks, among others.

Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect the Company’s operating results and financial condition are discussed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022, and our subsequent Quarterly Reports on Form 10-Q, as updated by our future filings with the Securities and Exchange Commission (“SEC”). Such statements are based on the Company’s beliefs and assumptions and on information currently available to the Company. The Company disclaims any obligation to publicly update or revise any such forward-looking statements as a result of developments occurring after the date of this document except as required by law.

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Media Contact: 
Nicole Bestard
Quarter Horse PR
donordrive@qh-pr.com 

Chariot Contact: 
Mitch Stein
Head of Strategy
contact@givechariot.com