What is a Funding Circle?
A Giving Circle is a donor advised fund (DAF), a tax-preferred philanthropic vehicle administered by a public charity. Organizations, families or individuals establish a DAF with an initial tax-deductible contribution to a public charity. The contribution is invested and donors can recommend grants to qualified nonprofit organizations over time.
With a donor advised fund you can:
Growfund, our exclusive donor fund provider, is a community-based, game-changing charitable giving tool that transforms your contributions into a lifetime’s worth of giving for your favorite causes. Growfund is backed by Global Impact, a 501(c)(3) nonprofit organization and leader in growing global philanthropy.
A donor advised fund also provides tax advantages:
The Grow Fund Platform is designed to host Giving Circles, with customized technology that can enhance the management, communications and reporting needs of Giving Circles to transform the experience of community grant-making for all members.
You can give strategically and with impact –you can start your own funding circle account for free.