Donor-advised fund

Philcoin Launches Blockchain-Based Platform to Democratize Web3 Access for Unconnected Populations

Retrieved on: 
Monday, April 24, 2023

Toronto, Ontario--(Newsfile Corp. - April 24, 2023) - Philcoin , an innovative blockchain project, is proud to announce the launch of its groundbreaking platform designed to bridge the digital divide and democratize access to Web3 services.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 24, 2023) - Philcoin , an innovative blockchain project, is proud to announce the launch of its groundbreaking platform designed to bridge the digital divide and democratize access to Web3 services.
  • The Philcoin ecosystem comprises four main components: PHILCoin, PHILApp, PHILChat, and PHILMesh.
  • PHILApp serves as an all-in-one portal for accessing internet services, while PHILChat is a secure messaging application integrated with the Philcoin network.
  • To get involved with Philcoin, interested individuals can download the PHILApp, engage with the community, and develop decentralized applications (dApps) on the Philcoin network.

Hercules Capital Business Update and Response to the Closure of Silicon Valley Bank

Retrieved on: 
Monday, March 13, 2023

The team at Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) is working collectively with our employees, stockholders, stakeholders, bondholders, rating agencies, portfolio companies, and our portfolio companies’ venture capital and private equity sponsors to navigate the challenges created by the FDIC’s decision to place Silicon Valley Bank (“SVB”) under receivership.

Key Points: 
  • The team at Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) is working collectively with our employees, stockholders, stakeholders, bondholders, rating agencies, portfolio companies, and our portfolio companies’ venture capital and private equity sponsors to navigate the challenges created by the FDIC’s decision to place Silicon Valley Bank (“SVB”) under receivership.
  • “We are committed to working closely with our portfolio companies and other companies in our ecosystem that are being impacted in a variety of ways by the closure of SVB.
  • By contrast, we continue to experience ample liquidity and capital availability, a strong balance sheet and diversified portfolio positioning.
  • Consistent with the trends we saw throughout FY 2022, we continue to experience record demand from companies seeking to partner with Hercules.

Box Announces $150,000 Box Impact Fund Grant Recipients

Retrieved on: 
Tuesday, December 6, 2022

This is why today we are thrilled to support six incredible organizations with digital transformation grants from the Box Impact Fund.

Key Points: 
  • This is why today we are thrilled to support six incredible organizations with digital transformation grants from the Box Impact Fund.
  • The Box Impact Fund grant will allow us to improve and scale our use of Child PPa technology.
  • The Box Impact Fund will catalyze our user base growth while also simultaneously allowing us to scale our climate impact.
  • Box maintains a Donor Advised Fund (DAF) at Tides Foundation and the Box Impact Fund is funded through this DAF.

Daffy.org Transforms the Donor-Advised Fund into the LinkedIn for Giving

Retrieved on: 
Tuesday, November 29, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221129005451/en/
    To date, most platforms for charitable giving have archaic technology, an outdated user interface, and focus solely on the transactional donation processing.
  • We learned quickly from early Daffy members that giving is fundamentally better with other people, and what we actually were building was the LinkedIn for Charity.
  • Charitable Activity: A real-time feed of the philanthropic activity of friends, family, and colleagues, as well as special badges to make giving fun.
  • Daffy raised their $17.1M Series A in February 2022, backed by Ribbit Capital and XYZ Ventures, with the vision of supporting giving together.

Daffy.org Introduces an Innovative New Way for Families to Give Together

Retrieved on: 
Tuesday, October 4, 2022

Once invited, additional family members can create their own profiles, follow charities they care about, and request donations.

Key Points: 
  • Once invited, additional family members can create their own profiles, follow charities they care about, and request donations.
  • View the full release here: https://www.businesswire.com/news/home/20221004005460/en/
    Daffy for Families is designed to help families of all types to give together more easily.
  • Daffy for Families is not only making it easier for families to give, but encourages families to give by making every donation a teachable moment for their whole family.
  • Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family.

Payments Giant Joins Crypto Compliance Initiative Amid Bankruptcies

Retrieved on: 
Wednesday, August 31, 2022

NEW YORK , Aug. 31, 2022 /PRNewswire/ -- As the crypto winter shows signs of slowing, companies are rushing to become compliant after a string of bankruptcies within the space. Regulatory compliance is critical to improving crypto's reputation among investors. It is also essential for mitigating liquidity risks, an issue that caused crypto giants Voyager Digital and Celsius to file for bankruptcy. Last week, Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL) joined Coinbase Global's (NASDAQ:COIN) Travel Rule Universal Solution Technology (TRUST) network. The TRUST network, which was launched in February by 18 virtual asset providers, was created to "protect the security and privacy" of customers, while complying with the bank industry's Travel Rule. In the past, companies like Block Inc. (NYSE:SQ) (formerly Square Inc.) have rejected proposed FinCEN regulations, while companies like WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF) and CME Group (NASDAQ:CME) are focused on exceeding regulatory requirements.

Key Points: 
  • It is also essential for mitigating liquidity risks, an issue that caused crypto giants Voyager Digital and Celsius to file for bankruptcy .
  • Last week, Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL)joined Coinbase Global's(NASDAQ:COIN) Travel Rule Universal Solution Technology (TRUST) network.
  • On July 4,the company closed the acquisition of Coinberry, one of Canada's leading crypto trading platforms with over $1 billion traded to date.
  • Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL) joined the Coinbase compliance initiative, the Travel Rule Universal Solution Technology (TRUST).

Payments Giant Joins Crypto Compliance Initiative Amid Bankruptcies

Retrieved on: 
Wednesday, August 31, 2022

NEW YORK, Aug. 31, 2022 /PRNewswire/ -- As the crypto winter shows signs of slowing, companies are rushing to become compliant after a string of bankruptcies within the space. Regulatory compliance is critical to improving crypto's reputation among investors. It is also essential for mitigating liquidity risks, an issue that caused crypto giants Voyager Digital and Celsius to file for bankruptcy. Last week, Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL) joined Coinbase Global's (NASDAQ:COIN) Travel Rule Universal Solution Technology (TRUST) network. The TRUST network, which was launched in February by 18 virtual asset providers, was created to "protect the security and privacy" of customers, while complying with the bank industry's Travel Rule. In the past, companies like Block Inc. (NYSE:SQ) (formerly Square Inc.) have rejected proposed FinCEN regulations, while companies like WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF) and CME Group (NASDAQ:CME) are focused on exceeding regulatory requirements.

Key Points: 
  • It is also essential for mitigating liquidity risks, an issue that caused crypto giants Voyager Digital and Celsius to file for bankruptcy .
  • Last week, Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL)joined Coinbase Global's(NASDAQ:COIN) Travel Rule Universal Solution Technology (TRUST) network.
  • On July 4,the company closed the acquisition of Coinberry, one of Canada's leading crypto trading platforms with over $1 billion traded to date.
  • Payments giant PayPal Holdings, Inc. (NASDAQ:PYPL) joined the Coinbase compliance initiative, the Travel Rule Universal Solution Technology (TRUST).

PayPal Launches Grant Payments, Enabling Charities to Quickly Receive Funds from Grantmakers

Retrieved on: 
Thursday, August 25, 2022

Grant Payments will enable charities to receive grants shortly after the funds have been approved by the grantmaker.

Key Points: 
  • Grant Payments will enable charities to receive grants shortly after the funds have been approved by the grantmaker.
  • Both grantmakers and charities will have access to all available grant details, including donor information when provided, via a PayPal dashboard.
  • "PayPal is committed to offering safe, secure and seamless products and services that drive efficiency for grantmakers and charities to digitally send and receive grant payments," said Oktay Dogramaci, VP of Giving at PayPal.
  • All eligible US charities with a confirmed charity status with PayPal can receive grants via PayPal from our partner grantmakers.

Daffy Led by Technology Veteran and Longtime Investor Adam Nash Gets $17.1M Boost to Make Charitable Giving a Habit

Retrieved on: 
Tuesday, February 8, 2022

Daffy Charitable , a not-for-profit community built around an innovative new financial platform for giving, announced a $17.1M Series A financing for Aside, Inc., the company building the technology behind Daffy.

Key Points: 
  • Daffy Charitable , a not-for-profit community built around an innovative new financial platform for giving, announced a $17.1M Series A financing for Aside, Inc., the company building the technology behind Daffy.
  • The funding will help Daffy scale and drive product innovations to help people be more generous, more often.
  • People want to be generous and help those less fortunate than themselves, but we are all busy and life gets in the way, said Adam Nash, CEO & Co-founder.
  • Aside provides the innovative technology platform behind Daffy , a not-for-profit community built around a new modern way to give.

Technology Veteran and Longtime Investor Adam Nash Reinvents Charitable Giving With the Launch of Daffy, the Donor-Advised Fund for You™

Retrieved on: 
Thursday, September 30, 2021

To that end, we built Daffy to be as flexible or as structured as our members want it to be.

Key Points: 
  • To that end, we built Daffy to be as flexible or as structured as our members want it to be.
  • Daffy also helps members understand what amount to give by sharing the median amount of charitable giving in their area.
  • Daffy was established as a donor-advised fund (DAF), which is a tax-deductible financial account for the purpose of charitable giving.
  • Daffy members can make charitable contributions to the fund at any time and receive an immediate tax deduction for their contributions.