Every.org is a nonprofit organization, and we’re also a donor advised fund (DAF). A donor advised fund is a single account that people donate to and then use to recommend many grants for nonprofits. Like a traditional DAF at a financial services company, donors to Every.org are able to:
- Make a single large, tax-advantaged gift of an appreciated asset by funding their account from every.org/my-giving/payment, then distribute grants to many different charities,
- Receive a annual single tax receipt for the donor,
- Protecting donor privacy by allowing people to choose how much information they want to share.
Perhaps even more importantly, we instantly liquidate any asset we receive and complete all of the required legal and financial paperwork. In this way, we enable any nonprofit, particularly smaller ones, to receive complicated assets like cryptocurrency and stocks.
However, in very important ways, we are not a traditional DAF. We do not charge DAF holders any fees to hold their funds. Nor do we allow our DAF holders to invest their funds. Our aim is to move the money as quickly as possible from donors to nonprofit organizations. In fact, for the majority of donations that happen on Every.org - including appreciated stocks or cryptocurrency - people specify what charity should benefit even before making the donation.
If you would like to learn more about why moving money from DAFs to nonprofits is important, please visit #HalfMyDAF.