SEATTLE, WA, October 23, 2018 – Giving Compass is the destination for individual philanthropists on their quest to learn, connect and take action around causes closest to their hearts and connect to tools for better giving. Giving Compass today announced the release of two new tools. First, we are offering a content integration tool offering US websites the opportunity to present a curated collection of giving resources from vetted sources in an enhanced user experience. Schwab Charitable, one of the largest national providers of donor-advised funds and other philanthropic services, is the first to offer a series of customized news feeds from Giving Compass, which will appear on various pages of the Schwab Charitable website, www.schwabcharitable.org.
Second, we are introducing the Giving Planner. Giving Planner is a digital tool for donors to benchmark, plan, track, and analyze their giving from any device. Giving Planner was created through a catalytic grant from the Raikes Foundation as a way to help individuals set giving goals and practice giving more strategically with a simple digital tool.
“I am thrilled to see the partnership forming between Giving Compass and Schwab Charitable. We both care deeply about helping individuals increase their support for the causes they care about most. Providing Schwab Charitable’s active donors with Giving Compass’ tools and resources can influence generosity in ways that lead to faster progress on issues and in communities, here and around the world,” said Jeff Raikes, Co-Founder, The Raikes Foundation.
Every week, Giving Compass curates hundreds of articles and videos for one purpose: to help individuals in the US become impact-driven philanthropists. Nonprofits and mission-driven corporate partners have access to a free widget (givingcompass.org/widget) which allows organizations to post fresh daily content from Giving Compass and filter by topics including:
- Human Rights
- Human Services
- Arts and Culture
The Giving Compass API allows even greater content customization than the free widget. Schwab Charitable has tailored its Giving Compass content via the API to help donors understand where and how they can have the most impact on causes and charities that mean the most to them. Visitors to the Schwab Charitable website can find the new curated news feeds by selecting pages from the “Maximize your Impact” drop down list on the homepage.
“We are so pleased that Schwab Charitable is the first partner to integrate our content directly into its public, digital site. The Giving Compass API allows non-profit organizations and corporate partners to customize content selections and serve up articles seamlessly on their website. We expect large nonprofits and other organizations working with philanthropically-
minded individuals to follow Schwab Charitable’s lead,” said Larry Leibowitz, Giving CompassBoard Member and former COO of The New York Stock Exchange.
“At Schwab Charitable, we are committed to providing donors with the best-in-class tools and resources to help them achieve maximum impact with their philanthropy. Through our partnership with the Raikes Foundation and Giving Compass, we offer donors access to extensive and diverse philanthropic content and tools which will help them embrace an even more thoughtful and informed approach to their charitable giving”, added Fred Kaynor, Vice President, Marketing and Business Development, Schwab Charitable.
Donors can take the next step from learning to taking action by using the Giving Planner. With Giving Planner, philanthropists and individuals can align their giving with the issues and causes they care about. Most people budget to guide their personal spending and track spending against a budget. Similarly when giving, developing giving goals and managing to those goals can increase donor impact.
In the first module, users can easily create a giving budget in minutes and compare their giving budget to others matching their demographic profile, including income and age. In the initial plan, users are asked to specify their core focus areas and assign percentages they wish to allocate to the focus areas of their choice. The tool also suggests setting aside 20% of giving plans as a “giving buffer” for disaster- related and other unplanned requests that often emerge via conversations.
The Giving Planner allows users to select core focus areas including:
- Early childhood
- Human rights
- Clean energy
- Women & girls
- Public health
- Homelessness & housing
- Arts & culture
Giving Planner allows for simple tracking and managing of donor activities. Take a photograph and upload receipts in real-time, input volunteer time or in-kind donations easily. As each contribution is recorded, it influences the user’s Giver Score which provides feedback on giving practices. Giving Planner’s dataset draws from 3.5 million IRS records and uses a proprietary algorithm to inform an individual Giver Score, allowing for benchmarking and improvement
over time. Best-in-class data encryption and multi-factor authentication assure users of their privacy in inputting financial information.
Impact Philanthropy is the practice of strategically using time and resources to make meaningful, measurable change. Impact Philanthropists are guided by these principles:
- Clear, Sustained, Focus. Focused giving on specific issues or places, especially those where there is a personal passion.
- Research-Informed Strategy. Exploring the landscape and understanding the needs of those one is trying to help, as well as the capacity of potential partners.
- Continuous Collaboration & Learning. Joining forces with others to achieve greater impact than one can on their own.
About Giving Compass
Giving Compass provides a Gateway to Impact Philanthropy. The organization offers leading resources about charitable giving and the non-profit sector. By curating and aggregating the best material from around the web about philanthropy, coupled with a team of journalists creating original content and fresh insights, Giving Compass will lead you to more effectively give of your time and money. Giving Compass uses the newest technologies to create and build tools for philanthropists to make better and more impactful charitable decisions. For more information, please visit: https://givingcompass.org.
About Schwab Charitable
Charitable is a donor-advised fund established as a service for individual investors to help increase their charitable giving. Since its inception in 1999, Schwab Charitable has facilitated over $10 billion in grants to approximately 131,000 charities on behalf of its donors. Schwab Charitable serves a wide range of investors and has been a pioneer in enabling registered investment advisors to manage the investments of donor-advised fund accounts. Schwab Charitable also offers a private foundation conversion service for private foundations considering a donor-advised fund as a complementary or alternative charitable vehicle. For more information, including a short video describing the benefits of donor-advised funds, visit http://www.schwabcharitable.org.
A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation. Consult your tax advisor for more information.
Schwab Charitable is the name used for the combined programs and services of Schwab Charitable Fund, an independent nonprofit organization, which has entered into service agreements with certain affiliates of The Charles Schwab Corporation. Schwab Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. Contributions made to Schwab Charitable Fund are considered an irrevocable gift and are not refundable. Please be aware that Schwab Charitable has exclusive legal control over the assets you have contributed. Although every effort has been made to ensure that the information provided is correct, Schwab Charitable cannot guarantee its accuracy. This information is not provided to the IRS.