Here is the short - and maybe simple explanation:
Benevity is NOT a DAF. They are a company. However, they USE a DAF to
distribute the employee and employer funds they cultivate as a business.
Those cultivated funds go into a DAF where they are processed and
receipted. The remaining funds (after they take a processing fee like
United Way) are then sent to you as a gift from that DAF.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Join me for 2-days of Advancement Services programming at the
Midwest Meeting of the Minds conference this August!
http://midwest-motm.org/
On Wed, Jul 31, 2019 at 5:16 PM Christine Cooke <
ccooke@athenian.org> wrote:
> Take this convo a little sideway, I am finding this conversation
> interesting and a little boggling — but it may just be because I have never
> actually seen donor advised fund monies come through Benevity myself.
>
> Yes, I understand the Foundation that the monies are transferred through,
> and that it wires to the bank under Benevity. But every report on the
> disbursements I have seen in the last however many years, five maybe,
> labels the funds as either payroll deductions from and individual that is
> giving through their workplace or matching gifts to the individual
> contributions.
>
> So my boggle is that I have not been aware that anyone is using Benevity
> or it’s affiliated foundation as a distributor of DAF in the way I have
> normal seen them arrive.
>
> Benevity is a conduit, like YourCause or United Way or a few others out
> there isn’t it? Or maybe the institutions I have worked for have not
> actually received an actual DAF by using Benevity’s affiliation
> foundation(s) as the source/holder. I have seen many threads in other user
> groups about Benevity and never had anyone refer to it as a DAF… <shrug>
>
> Christine A. Cooke, bCRE-Pro, bCNP-F
> Associate Director of Advancement Services
> The Athenian School
>
>
> On Jul 31, 2019, at 1:06 PM, Laura Piil <
Laura.Piil@BARUCH.CUNY.EDU>
> wrote:
>
> Hi Laurianne and Aaron,
>
> Thank you for bring this up with the group.
>
> What changes did you do Laurianne in your system? Currently I created a
> new record for American Online Giving Foundation in our system as the hard
> credit when the changed was made in 2017 too. Should it be changed to
> Benevity? Is this correct?
>
> So does this mean that Benevity is not a DAF?
>
> Thank you,
> Laura
>
>
> Laura Piil-Cerqua
> Gift Processor
> _________________________________________
>
>
> <image002.jpg> <http://www.baruch.cuny.edu/50years>Baruch College Fund
> 1 Bernard Baruch Way, A-1603 | New York, NY 10010
>
> P: 646-660-6069
> F: 646-660-6061
> E:
laura.piil@baruch.cuny.edu
> Matching Gifts-DOUBLE or TRIPLE your gift :
>
http://www.matchinggifts.com/baruch/
>
> *“Don’t forget to register for your matching gifts!”*
>
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> <https://www.linkedin.com/groups/95741> <image005.png>
> <https://twitter.com/baruchalumni> <image006.png>
> <https://www.instagram.com/baruch_alumni>
>
>
>
> *From:* Advancement Services Discussion List [
> mailto:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG <
FUNDSVCS@LISTSERV.FUNDSVCS.ORG>] *On
> Behalf Of *Linton, Laurianne
> *Sent:* Wednesday, July 31, 2019 3:33 PM
> *To:*
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> *Subject:* Re: [FUNDSVCS] Benevity DAF Change
>
> Aaron,
>
> You’re absolutely right. We were not notified of this change either.
> Luckily, we caught the change in March 2017 and were able to make the
> switch at that time. We’ve also had donations come through The UK Online
> Giving Foundation with Benevity, again without notification.
>
> Laurianne Linton
> Associate Director, Gift and Donor Services
> Vanderbilt University
> Direct: (615) 322-3850
>
>
> *From:* Advancement Services Discussion List <
>
FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Forrest, Aaron
> *Sent:* Wednesday, July 31, 2019 02:20 PM
> *To:*
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> *Subject:* [FUNDSVCS] Benevity DAF Change
>
> Hello Friends!
>
> We recently stumbled upon that Benevity is no longer flowing their wires
> through American Endowment Foundation (where we formerly booked hard
> credit). They are now coming through an entity called American Online
> Giving Foundation*. This change appears to have taken place on or around
> January 31, 2017. The wires still appear the same at the bank with
> “benevity” in the addenda. At first, I hoped it was simply a name change.
> Perhaps I could simply add an alternate name to AEF? However after some
> very high tech google research, it looks like AEF and AOGF are different
> legal entities which both still exist. Side note that the director of AOGF
> and CEO of Benevity are the same person. Perhaps they were formerly
> partnering with a foundation and have now gone off on their own? I think
> this means that we have been booking Benevity hard credit side activity on
> the wrong entity in our system since January 31, 2017. And we need to fix.
> Our Benevity process is fairly turnkey, and I don’t believe we were alerted
> that this structural change had occurred.
>
> Advice or thoughts from others? Am I mistaken?
>
> *Note that there are 8 distinct foundation listed on their DAF sources
> page for various countries so if you are not in USA, please review.
>
> Aaron
>
> Aaron Forrest CPA
> Senior Director Gift and Donor Services
> University of Rochester Office of Advancement
> Larry and Cindy Bloch Alumni and Advancement Center
> 300 East River Road
> Rochester NY 14627
> Office 585.275.2799 / Fax 585-273-4558
> Email
aaron.forrest@rochester.edu
>
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