Charityvest, an Atlanta, GA-based provider of tax-deductible charitable giving accounts known as donor-advised funds (DAFs), raised $2.2M in Seed funding.
The round was led by DURO VC, and Ba Minuzzi, CEO of Umana Family Office.
The company intends to use the funds for mobile app development, community giving features, initial support for advisors, and accelerating partnerships for growth.
Led by CEO Stephen Kump and COO Ashby Foltz, Charityvest provides tax-deductible charitable giving accounts known as donor-advised funds (DAFs), leveraging technology to create a premier charitable giving experience for lower fees.
The system makes it simple to open and start using a DAF. Users can make tax-deductible contributions of cash, stock, or cryptocurrency into their fund, and direct funds to over 1.4M nonprofits in the US, while keeping their giving on a single consolidated tax receipt. With the introduction of new low-fee portfolios, users can invest their remaining balance for tax-free growth to give more to charity over their lifetime, with all-in fees 50% lower than the leading provider in the DAF space.
FinSMEs
28/04/2022