Schwab Fund for Charitable Giving(R) Surpasses $1
Billion in Charitable Contributions
Tsunami and earthquake relief
together accounted for more
than 2,000 grants and nearly $2."
The Kintera GivingFund addresses major issues facing nonprofit
administrators and managers today, such as:
Attracting more, and larger, online contributions
by providing
an enhanced giving experience. Kintera recently launched The Giving Communities
(TM)
interactive website at www. The Philanthropy category in this directory provides an overview
of the philanthropic sector, including guides and directories and methods of giving.
candlelighters advised
It currently has
approximately $840 million in
assets waiting to be granted. "As the Fund passes the $1 billion mark
in total contributions, our
donors will continue to have a significant impact in supporting future
charitable causes. Note
that contributions of real estate and most other assets made to private
foundations are deductible only at cost basis. The Schwab Fund for
Charitable Giving, an independent
non-profit organization, has entered into
service agreements with certain affiliates of The Charles
Schwab Corporation:
Charles Schwab + Co. Integrated Solution Shares Accountability, Allows Nonprofits
to Focus on
Missions
OAKS, Pa.
SEI's ability
to take on fiduciary responsibility for manager evaluation,
termination and replacement was pointed
to by the nonprofit as a key
differentiator in the selection process.
Noted Wiemann, "The American
Red Cross has been visionary in
recognizing the importance of workplace giving, and now, attracting
major donors by working with community foundations that manage DAFs.S.wealthy philanthropies
jewishrichmond.
Non
-Profit Writers/Business Editors/Software Writers
SAN DIEGO----With the nationwide roll
out
of the Kintera GivingFund(TM) payment option, Kintera(R), Inc.paperwork simplify
Kintera Rolls Out GivingFund Payment Option
to Nonprofits Nationwide; Through the Online Kintera GivingFund Consumers Can Now Initiate a Donor
Advised Fund Gr
in the U. These
forward-looking statements represent our estimates and assumptions
only as of the date hereof. These statements reflect our current views
with respect to future
events and are based on assumptions and subject
to risks and uncertainties.
pooled sustain
"
Charitable Asset Management attracts affluent individuals and families who
would otherwise need
to set up a private foundation to create a charitable
endowment.simplify disenfranchised
Created in 1999, the Fund
achieved
the milestone as it ended its most productive year for charitable
contributions. Donors with accounts
of at least $250,000 can
have an independent advisor manage account assets, which can be invested
in a
wide range of investment vehicles, including individual stocks, bonds and
other securities
.
The Kintera GivingFund administrative platform is part of the
Kintera Directed Giving program
, created to help consumers channel
their gifts through donor advised funds and workplace giving solutions
to their favorite causes. Gruber, Kintera's CEO and co-founder, added,
"Kintera's GivingFund is
solving a problem for the nonprofit community
by eliminating a huge inconvenience for donors who
want to make large
or small charitable gifts via the web using their DAF.
Kintera(R), Inc
. These risks and uncertainties
include, without limitation: our limited operating history; our
history
of losses; our dependence on increased acceptance by nonprofit
organizations of online fundraising;
lengthy sales cycles for major
customers; our need to manage growth; risks associated with accounting
for and processing large amounts of donations; the rapidly changing
technologies and market demands;
and other risks identified in our
filings with the Securities and Exchange Commission.candlelighters pooled
louisville
-redcross.intergenerational wealthy
Harry E.philanthropy advised
"
Wright-Violich attributes much of the Fund's overall success to Charitable
Asset Management -- a philanthropic option available to high net-worth
individuals that allows
them to nominate an independent investment advisor to
manage their donated funds., SEI (Nasdaq:
SEIC), a leading
global provider of asset management services and investment technology
solutions
, today announced that it has been selected by the Richmond (VA)
Jewish Foundation as an investing
outsourcing partner to manage the
organization's over $30 million in assets.
Contact:
Frank Wilkinson Jason Rocker
SEI Braithwaite Communications
610-676-1483 215-564-3200 x 10
jrocker@braithwaitepr.disenfranchised donor
No other leading national
donor-advised fund offers this
benefit. Donors who contribute
appreciated securities may be able
to deduct their full value as a charitable
donation and avoid capital gains tax."
About
Richmond Jewish Foundation
For over 25 years, Richmond Jewish Foundation has provided planned
giving
and endowment services, including agency fund administration, donor-advised
funds, charitable
trusts, scholarships and more, to individual donors,
families and charities interested in either
Richmond area causes or matters of
concern to the Jewish community. For more information, visit
http://www.
Allowing an online DAF transaction amount below the usual $500
minimum
."
DAFs enable individuals with philanthropic interests to
efficiently manage their charitable
giving by allowing them to make an
irrevocable contribution of personal assets (cash, appreciated
stocks,
bonds, mutual funds or real estate) at the most advantageous time,
claim a tax deduction
for the gifts, and then direct contributions
from their account to the charity or charities of their
choice by
recommending a grant distribution from the foundation sponsoring their
account.pooled charitable
The biggest beneficiaries of the Fund's grants in 2005 were relief efforts
for victims of Hurricane
Katrina, the South Asian tsunami and the Pakistan
earthquake.5 million. One of the benefits of the
Charitable Gift Account is that the donor can contribute to the account when
it makes sense for
their tax planning, but the assets are set aside and
readily available for grant-making at any time
.
Additional differentiators included SEI's strong advice capabilities and the
ability to provide
donor-related administration and a variety of donor
investing options. The company's innovative
solutions
help corporations, financial institutions, financial advisors, and
affluent families create and manage
wealth. These statements involve known and unknown
risks, uncertainties and other factors which may
cause our actual
results, performance or achievements to be materially different from
any future
results, performances or achievements expressed or implied
by the forward-looking statements.Broadly
defined, philanthropy is goodwill to mankind as demonstrated by the readiness to promote human welfare
.
advised endowments
Fund Reaches Major Milestone with More Than $500 Million in Donations in 2005
SAN FRANCISCO
, The Schwab Fund for
Charitable Giving, one of the country's largest and fastest growing donor-
advised funds, announced total contributions to its Charitable Gift Accounts
have exceeded $1
billion since the Fund's inception.
"Charitable Asset Management has opened significant doors
for advisors and
their clients," said Wright-Violich. Assets are invested for tax-free potential
growth and donors can
recommend grants from the account at any time.org\rjf.kintera.pooled legitimate
donor sustain
"Fund
donors responded in overwhelming numbers to the natural disasters of
2005," said Kim Wright-Violich
, president of the Schwab Fund for Charitable
Giving. No additional paper or legal
work is required
after the contribution is made, and the Fund is responsible
for due diligence, recordkeeping, managing
the assets and granting funds.
Nonprofit organizations interested in adding the Kintera
GivingFund
payment option to their websites are invited to visit
www.
More than 15,000 accounts in the nonprofit
, government and
corporate sectors use Kintera's "software as a service" innovations,
including
the Friends Asking Friends(R) fundraising program and
Kintera Sphere(TM), an enterprise-grade software
platform that
provides a secure, scaleable and reliable system for customer
relationship management
(CRM), a web content management system (CMS),
eMarketing and directed giving applications.philanthropic legitimate
Donors of all income levels can open a Charitable Gift Account with an
initial tax-deductible contribution
of cash or securities valued at $10,000 or
more.
For more information about the Schwab Fund
for Charitable Giving and
Charitable Gift Accounts, visit http://www.
(Nasdaq:KNTA) now uniquely
offers the nonprofit sector Internet
convenience for Donor Advised Funds (DAF) financial services
.
Charities can now serve a broader range of donors and philanthropists
-- and potentially have
access to more than $14 billion dollars in DAF
assets currently available -- through a new, innovative
way to make
major gifts online.
They also receive immediate feedback, via a webpage confirmation
and
email receipt, that their donation is being made directly to the
charity and program of their
choice. "Our supporters want to make a difference
immediately, and they also want assurance that
their gifts will be
allocated to exactly the right cause.
Assuring that DAF charitable gifts
are made directly to the
right chapter and the right program.
Forward-Looking Statements
In addition to historical information, this press release contains
forward-looking statements
(including, without limitation, express or
implied statements regarding the adoption of web-based
technology
solutions for donor advised fund services and other applications by
nonprofit organizations
) that involve risks and uncertainties. Given these
uncertainties, you should not place undue reliance
on these
forward-looking statements.legitimate philanthropic
7 billion in mutual fund and pooled
assets, manages $138.sustain dialogues
"In today's complex nonprofit marketplace, foundations are demanding more
accountability from
their service providers," said Carolyn McLaurin, Vice
President and Managing Director of SEI's Nonprofit
Group.org),
among other nonprofits, use Kintera's new online payment gateway that
enables major
donors to initiate a Donor Advised Fund grant request
directly from a participating nonprofit website
.kintera.com
Kintera, Kintera Sphere, Friends Asking Friends, The Giving
Experience, The Giving
Communities and CharityGift are either
registered trademarks or trademarks of Kintera, Inc.philanthropists philanthropies
Donations
of non-cash assets such as
real estate can be made through a charitable third-party that specializes
in
such transactions, and are also tax deductible at fair market value.com.
"Of key importance
to the American Red Cross is that the Kintera
GivingFund offers major donors the option to make large
gifts online
during disasters, conveniently and quickly," said Jeff Wiemann, chief
financial officer
for the American Red Cross San Diego/Imperial
Counties Chapter.
Offering online convenience
for major donors who want to make
significant charitable gifts via the web.responsive candlelighters
In 2005, the
Fund received more than $510 million, more than
doubling the $225 million in contributions received
the previous year. "Advisors can recommend that clients set
aside assets for tax-advantaged charitable
giving while simultaneously helping
meet other diversification goals. (Member SIPC) and Charles Schwab
Investment
Management, Inc.seic.
American Red Cross chapters in San Diego/Imperial Counties
(www.simplify philanthropic
Through the relationship, SEI will
be responsible for advisory, investment and administrative
functions, while
taking on shared fiduciary responsibility with the Virginia-based foundation. "Our
model not only
creates shared responsibility but it also helps foundations provide donors
with
the diversity of investment options that has become so critical. We're
excited about helping Richmond
Jewish Foundation by providing an investment
management model designed to return valuable resources
and allow them to focus
on achieving the organization's mission. The Kintera GivingFund provides
instant gratification -- enhancing the giving experience for major
donors, and increasing the
fundraising success for nonprofit
organizations."
Dr.kintera.candlelighters advised
org.
About SEI
SEI (Nasdaq: SEIC) is a leading global provider of asset management
services and investment technology
solutions.5 billion in assets, and operates 22 offices in 12
countries. The Kintera
GivingFund
payment choice is located above the MasterCard, Visa,
Discover, American Express, PayPal and other
online payment options on
a charity's website.maximizing philanthropy
3 million in
funds. While private foundations must
file an
annual tax return which discloses officers, grant amounts, and recipients, a
Charitable
Gift Account has no such requirement., Inc. For more information, visit
http://www.com
Kintera technology allows nonprofit organizations like ours to gain
access to a greater number
of online contributions from Donor Advised
Fund accounts, as well as from workplace giving campaigns
of companies
including numerous Fortune 100 corporations.legitimate unmet
In 2005, the Fund issued more than 1,400
grants for Hurricane
Katrina relief, totaling nearly $3.schwabcharitable. (Nasdaq:KNTA) provides
an online solution to help
nonprofit organizations deliver The Giving Experience(TM) to donors -
-
including giving convenience, financial transparency, feedback about
the social impact of their
gifts, and a sense of belonging and
appreciation.org, where consumers can connect
with thousands
of causes and organizations, and purchase the
CharityGift(TM) card to give a unique gift that also
supports worthy
organizations with a donation to charity. For more information
about Kintera's
software and services, visit www.donors simplify
The process is seamless for both the client
and advisor.Richmond
Jewish Foundation Selects SEI as Investing Outsourcing Partner
This decision points to the increased
adoption of outsourcing in the nonprofit
sector as foundations seek more accountability, vendor consolidation
and
increased efficiency in today's complex landscape.
Donors are empowered to make a donation
request from a website at
the time they are inspired to do so -- fulfilling their need to give.
and
/or other countries.responsive philanthropy
Since its inception in 1999, the Fund has granted more than $400
million to
18,000 charities. Donor-advised funds are simpler to set up and run -- and more
private -- than
private foundations.
That ability, in turn, allows
Richmond Jewish Foundation's investment
committee to play an even more
strategic role by focusing on the key decisions that impact the foundation
's
mission as opposed to every aspect of the entire investment process. Michael Blumberg serves as
President of
Richmond Jewish Foundation; GD Rothenberg chairs the investment committee and
Dan
Weintraub is the Executive Director. As of the period ending September
30, 2005, through our subsidiaries
and partnerships in which we have a
significant interest, SEI administers $321.org/TheGivingFund
About Kintera, Inc.pooled istr
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