TIFIN, an AI and innovation platform, introduced its philanthropy platform TIFIN Give has acquired Giving Place, the tech resolution for household workplace giving applications and personal foundations. The newly mixed firm now has elevated scale and assets to service households by way of advisors, the office, and household places of work. The agency now helps oversee $670 million in philanthropy belongings and helped facilitate $40 million in charitable donations in 2023.
The donor-advised fund (DAF) house has seen fast development lately. DAF belongings almost doubled between 2018 and 2022 and stand immediately at ~$230 billion; whole DAF belongings are estimated to develop to $1 trillion by 2030. Non-public basis belongings reached $1.25 trillion final 12 months. The flexibility of TIFIN Give to serve these charitable constructions, amongst others, continues to unlock substantial alternatives and worth for wealth enterprises and their purchasers.
TIFIN Give’s next-generation DAF platform offers a multi-custodial platform, SOC-2 safety compliance, and expanded funding choices together with customized mannequin portfolios. It’s now deployed at main wealth enterprises and employers by way of their current partnership to energy an worker DAF resolution with Morgan Stanley at Work. “By the Giving Place acquisition, TIFIN Give can now deal with the philanthropic wants of all asset courses within the wealth enterprise house,” mentioned Cor Hoekstra, Head of Wealth Enterprise Partnerships at TIFIN. “We’re excited to now attain all forms of donors.”
The brand new firm might be led by Giving Place’s co-founder and CEO, Paul Lussow. Co-founder Alex Paul, will stay concerned and serve on the TIFIN Give board. “Our concentrate on supporting and rising the philanthropic capabilities of wealth enterprises will speed up by way of this mixed firm,” mentioned Lussow.
“The important thing to fixing many ache factors for donors and their advisors might be powered by the mixing of TIFIN Give’s digital-first DAF platform with Giving Place’s philanthropy software program resolution for household places of work and personal foundations,” mentioned Giving Place co-founder and TIFIN Give board member Alex Paul.
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