Vanguard Charitable Teams Up with Give Interactive to Innovate Donor-Advised Fund Management

Vanguard Charitable Initiates Partnership with Give Interactive to Enhance Fund Administration

In an exciting development for the philanthropic landscape, Vanguard Charitable, a leading player in donor-advised funds (DAFs), has announced a strategic partnership with Give Interactive. This collaboration aims to revolutionize the recordkeeping processes tied to donor-advised funds, thereby modernizing their operational capacities and ultimately enhancing the efficiency of charitable contributions.

A Commitment to Excellence

Founded in 1997, Vanguard Charitable has become one of the United States' most reputable grantmakers, distributing over $23 billion to diverse nonprofit entities globally. As the demand for donor-advised funds continues to surge—exceeding an astonishing $250 billion nationwide—the need for a robust and future-ready infrastructure is more apparent than ever. The partnership with Give Interactive represents a concerted effort to meet this demand.

Lucas Cherry, the Founder and CEO of Give Interactive, expressed enthusiasm about the collaboration: “Partnering with Vanguard Charitable is an exciting step forward for the entire charitable giving space. It’s a privilege to work with industry leaders in philanthropy and to aid Vanguard in achieving their ambitious technology objectives.” This mutual commitment to innovation and operational excellence underscores the priorities of both organizations.

The Strength of the Give Interactive Platform

The decision to partner with Give Interactive followed a meticulous review of various platforms within the sector. Vanguard evaluated the technological capabilities available and recognized Give Interactive as the optimal choice for supporting their objectives in scaling, automation, and overall impact.

Give Interactive’s state-of-the-art platform is already trusted by prestigious financial institutions and community foundations, managing vast philanthropic assets amounting to billions of dollars. Their advanced technology is designed to accommodate complex giving strategies, thus providing users with a seamless experience that enhances their ability to give effectively.

Chris Bennett, Vanguard Charitable's Chief Information Officer, emphasized the core mission behind this partnership: “From the beginning, we’ve partnered with industry leaders who enable us to deliver exceptional service and operational excellence. Our alliance with Give Interactive strengthens that legacy and allows us to provide cutting-edge technology and a scalable infrastructure to our donors.”

The Future of Charitable Giving

As the landscape for charitable contributions evolves, this partnership aims to future-proof the operational systems that empower generous giving on a larger scale. With donor-advised funds becoming increasingly popular, the initiatives put forth through this collaboration will serve to facilitate more impactful donations. Their shared vision of modernizing the infrastructure surrounding charitable contributions is a hopeful reflection of the future of philanthropy.

About Vanguard Charitable
Vanguard Charitable is a prominent nonprofit organization dedicated to amplifying philanthropic efforts by managing donor-advised funds. Established by Vanguard as an independent 501(c)(3) entity, it plays a critical role in supporting charitable endeavors across various sectors. For additional details, interested parties can visit their website at vanguardcharitable.org.

About Give Interactive
Give Interactive operates a modern technology platform crafted specifically for the management of donor-advised funds, asset administration, and charitable operations. Designed to service foundations, financial institutions, and DAF sponsors, the platform is characterized by its API-first architecture that incorporates scalability and security. This platform is instrumental in facilitating significant philanthropic transactions, thereby enhancing the overall efficacy of charitable contributions. More information can be found at giveinteractive.com.

Conclusion

This landmark partnership between Vanguard Charitable and Give Interactive not only highlights the desire to elevate the standards of donor-advised fund administration but also to set a benchmark for future collaborations in the philanthropic sector. Together, they are poised to significantly contribute to the evolution of charitable giving.