Charityvest - Tech Nonprofit

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CharityVest

Charityvest

CharityVest is making a completely free channel for charitable funding.

Founded: 2016 by Stephen Kump

  • Program Area

    Public Service & Civic Engagement
  • Location of Impact

    Global, United States
  • Headquarters Location

    Atlanta, Georgia, United States
  • Product Platforms

    Web, Mobile Apps
  • Budget

    $0 to $500,000

CharityVest is creating a charitable giving platform that: 1. Requires no transaction fees—100% of every gift goes to nonprofits, 2. Creates an excellent UX for donors, and 3. Forms improved connections (both informational and financial) between donors and nonprofits. It leverages donor-advised funds (DAFs) to create a donor-centric funding platform. These DAFs effectively provide a free, tax deductible "checking account for giving" to every donor, enabling donors to give digitally to any charity instantly from their own "Charity Fund." This resembles a "Venmo for charity." Charityvest charges no fees whatsoever, Charityvest creates revenue by investing a portion of the aggregate capital in low-risk financial assets.

Funders and Awards

Yale University, Yale Entrepreneurial Institute, Yale School of Management, Praxis Accelerator, private donors.