CharityVest Analysis: $100K Raised
What is CharityVest?
CharityVest provides a tax-smart giving account for individuals to donate cash, stock, and crypto to charities, enhancing their charitable giving experience.
Employees
9
Founded
2019
Revenue
$1.4M - $32.96M
Business Model
Revenue from administrative fees and investment returns on donor funds.
Product Features & Capabilities
- tax-smart giving account, donate cash, stock, and crypto, manage charitable giving, two account types (Basic Accounts and Invested Accounts), investment portfolio options (Standard and Filtered), automated tax receipts, low-cost ETF portfolios.
Pricing
- Invested Account Fees:
- First $500,000 of Fund Balance: 0.60%
- Next $500,000 of Fund Balance: 0.30%
- From $1M to $2.5M of Fund Balance: 0.20%
- From $2.5M to $5M of Fund Balance: 0.15%
- From $5M to $10M of Fund Balance: 0.10%
- Above $10M of Fund Balance: Custom pricing availab
How much CharityVest raised
1 - $100K
2017Lead Investor: Praxis
Who are the founders of CharityVest
SK
Stephen Kump
Founder
AF
Ashby Foltz
Founder
Market Focus
CharityVest primarily focuses on the charitable giving industry, providing a platform for individuals to manage their donations through tax-smart accounts to various nonprofits.
Investors
- Y Combinator
- Teamworthy Ventures
- Praxis
- Duro Ventures
- Advanced Technology Development Center
- Alignpact
- Jackson Investment Group
- MIGMIR
- The Founders Arena
- Tom Blaisdell (Angel Investor)
Competitors Overview
CharityVest competes with several notable companies in the charitable giving and donor-advised fund (DAF) market. The main competitors include:
- Schwab Charitable: Offers a well-established donor-advised fund with no minimum annual fee. Schwab is known for its extensive investment options and
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