278: How Donor-Advised Funds Can Supercharge Your Fundraising with Mitch Stein

Описание: As one of the most popular ways of contributing to philanthropy, Donor-advised funds are quietly changing the landscape, offering both unprecedented opportunity and unique challenges for nonprofits. By understanding the psychology behind DAFs, fundraisers can understand why donors act faster, give more generously, and engage differently than through traditional channels. Join with us and explore practical strategies for organizations to meet donors where they are, optimize relationships, and unlock the full potential of DAFs as a tool for sustained impact.

Mitch Stein is the head of strategy at Chariot, a financial technology company focused on Donor Advised Fund payments. After having a career of 7 years at Goldman Sachs as an investment banker, Mitch joined the nonprofit space, bringing high-impact innovation that is much needed to the landscape of philanthropy. In 2020, he founded Pond, a marketplace connecting nonprofits with tools and service providers. This experience has given him a broad, practical view of the nonprofit ecosystem which he now brings to one of the fastest-growing and most complex areas of modern philanthropy.

In this episode, you will be able to:
Learn about the key opportunities and challenges donor-advised funds present for nonprofits.
Identify common myths about DAFs and how they impact fundraising strategy.
Understand how to apply behavioral insights to increase donor engagement.
Explore strategies for navigating high-balance or transformational DAF gifts with confidence.
Discover how fundraisers can use firsthand DAF experience to form a better connection with donors.

EPISODE HIGHLIGHTS

[01:36] Introduction and background to Mitch Stein.
[03:42] DAF and associated challenges for nonprofit fundraisers.
[05:50] Myths and realities of DAF anonymity.
[08:48] Intentionality, accountability, and follow-through in giving.
[13:35] The emotional and psychological aspects of DAF giving.
[18:18] Navigating high-stakes and high-balance DAF conversations.
[21:44] The importance of thanking DAF donors.


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✨ ABOUT MALLORY✨

Recognized in read-write, Forbes, Entrepreneur Magazine, and Inc. for her energizing and innovative fundraising strategy and training, Mallory Erickson will revolutionize the way you show up as a nonprofit leader and fundraiser. She is a certified executive coach and fundraising consultant that specializes in helping social impact fundraisers apply life-changing scientific research and personal development frameworks to their fundraising work. Mallory Erickson’s brave, bold, and innovative framework (the Power Partners Formula™️) teaches nonprofit fundraisers to raise more from the right funders so they can stop hounding people for money. Fundraising doesn’t have to be uncomfortable when it is built around a mutually beneficial framework and authentic partnership.

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