Leonidas243

6 ms·

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by Leonidas243 6y ago
We love the idea of layering in rich information to help donors make informed decisions! We just want to be really thoughtful about the experience. So we plan to get there, it just may take us some time.
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by Leonidas243 6y ago
CSV: yes if they request we’ll happily provide. Anonymous: yes it’s an option on our grant screen Specific efforts: yes on the grant screen we enable donors to add a “specific need” they’d like their grant to fund. :-)
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by Leonidas243 6y ago
Separate data records, yes, separate payment, no. The charity receives one consolidated check in the mail each month across all donors (one payment), and the original donor's grant will be on the data sheet as well as the matching gra
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by Leonidas243 6y ago
Yes we do start with the IRS EO BMF.
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by Leonidas243 6y ago
Absolutely. Our workplace product does charitable gift matching automatically according to rules the company sets up, and provides reporting to company leadership on all the aggregate giving / matching / participation data across
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by Leonidas243 6y ago
Since the only validated interface with have with charities is through the mail (they have to keep an updated address with the IRS) we send them payments on monthly consolidated paper checks. Sending on a greater frequency would be much mor
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by Leonidas243 6y ago
Thanks! Our matching system issues an identical grant from the fund of the matching company. It goes out in the same grant cycle as the employee grant so they go together. We haven't yet encountered any charity that prefers to receive
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by Leonidas243 6y ago
We have all 1.4M eligible US charities in the IRS database. Some places of worship are not included as they've never filed with the IRS, but we can add them very simply. We can support your charity of choice as long as it's legall
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by Leonidas243 6y ago
The minimum contribution, grant, and payment out to nonprofits are all $20, so we never run into a situation where we wait to send payments to nonprofits.
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by Leonidas243 6y ago
Absolutely. We have found matching programs are painful to run. It's also a small misconception that payroll deduction giving is pre-tax. Giving is a post tax benefit either way, so we think it's a better experience for the donor
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by Leonidas243 6y ago
Our app can do regular automatic deposits from user's bank accounts today! Many of our users love it. They fulfill their personal commitment to give automatically. And thanks for the support!
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by Leonidas243 6y ago
Eventually we can, but given our stage, we're focusing on US giving. Our focus right now is to make the giving experience amazing for employees of SMB and mid-market companies.
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by Leonidas243 6y ago
We would love to build an API. We constantly have conversations about it amongst our team. It's just a matter of priorities. Agree it would be amazing to see people build more charity-focused apps integrated with our funds. We are work
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by Leonidas243 6y ago
Yes we can! Here's a quick article outlining the details. https://support.charityvest.org/en/articles/4142972-can-i-do...
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by Leonidas243 6y ago
In two ways: 1. We charge a per employee per month SaaS subscription to companies for our workplace giving product. 2. We invest a portion of the balances in our charitable funds (aggregated across all users) in safe, highly liquid assets t
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by Leonidas243 6y ago
Trust is an important factor for us. You're right, and YC helps, but we also have other structures that make things transparent. The charitable assets in our app actually go into a 501c3 public charity (Charityvest Inc), a part of our
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by Leonidas243 6y ago
Percent Pledge focuses its giving on cause portfolios, and you can't give to specific organizations. We invite our donors to give into their own charitable fund, and support specific organizations when they feel like a strategic opport
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by Leonidas243 6y ago
Great question. We have existing customers who are doing this today—they have guidelines for charitable organizations they don't fund. Today, we enable the company admin to quickly cancel any grant that gets loaded in their hopper of m
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by Leonidas243 6y ago
Today we only invest in money markets. Asset preservation is our top priority, and we can't ever have balances down in our app. That would be a terrible experience for our donors. So we'll only move beyond money markets with great
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by Leonidas243 6y ago
This is a big point. And we ensure our payouts to nonprofits happen on a regular basis. We consider the innovation of our venture to be 50% compliance tech, for this very reason. Our system automates a bunch of the charitable compliance ste
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Launch HN: Charityvest (YC S20) – Employee charitable funds and gift matching
64 points by Leonidas243 6y ago|57 comments