iGiftFund is setting a new industry standard for DAFs
August 29, 2019-HUDSON, Ohio – iGiftFund is delivering a unique kind of experience to donors and their financial advisors by focusing on personal service, helping donors identify what they want to accomplish, supporting the role of the financial advisor and reducing administrative fees by 25 percent.
iGiftFund Chairman and co‐founder Phil Tobin has built a new kind of charitable donor advised fund (DAF) that supports the way people want to give in the 21st Century. He founded iGiftFund with the belief that the DAF experience should be personal, accessible and affordable. Tobin is recognized as an early pioneer of DAFs, helping donors and financial advisors establish over four billion dollars in donor funds throughout his career.
One of the foremost DAF experts in the United States, Tobin, states: “We hear about how the donor experience is often limited to online portals and impersonal call centers. We are changing that. iGiftFund returns donors and their financial advisors to a more personalized, affordable experience.”
With assets in donor advised funds in excess of 100 billion dollars nationwide, they are the most popular and fastest‐growing charitable giving vehicle today. The popularity of DAFs has fueled the enormous growth in donor funds sponsored by large commercial and independent sponsors of DAFs.
Here’s how iGiftFund is disrupting the Donor Advised Fund industry:
- iGiftFund’s online Donor Dashboard makes it easy for donors to review funds and contributions, make and review grants, manage their profile and more—anywhere, anytime. It’s all powered by Stellar Technology Solutions, an industry leader in non‐profit software and services.
- Accessibility. No call centers. Donors and financial advisors speak directly to iGiftFund principals and officers. iGiftFund greatly values independence and flexibility. This allows many types of assets to be contributed; a wide range of investment choice; ease of grant making; and the option for unlimited successor
- Affordability. With a tiered rate schedule starting at 45 bps (.0045 of assets), donors can expect to realize savings of 25% to 50% or more. A full fee schedule is available at igiftfund.org/fees.
“The vision of iGiftFund is to make charitable giving more transparent and accessible than it has ever been,” Tobin continued. “Private foundations aren’t an option for many people, and most DAF options are part of larger financial institutions. We’re independent, so we are flexible and can customize the DAF experience by putting the wants and needs of our donors and their financial advisors first.”
Tobin helped pioneer DAFs in 1986 when he served as chief financial officer for The Cleveland Foundation, and later co‐founded the American Endowment Foundation in 1993. At iGiftFund, he is committed to creating unique and enjoyable philanthropic experiences for donors and financial advisors everywhere.
For more information about iGiftFund, visit at www.igiftfund.org.