Our Mission
Our mission is to connect companies and their employees to worthy causes making it easier and less costly to receive funds and thereby increasing our collective impact.
GivingTrax Foundation Overview
The GivingTrax Foundation, established in 2023, is a public charity helping donors to maximize their impact.
GivingTrax Foundation is a US 501(c)(3), donor advised fund that partners with technology companies to make employee donations, corporate matching, and corporate granting programs easier helping you to increase the impact of your goodness programs and charitable giving.
GivingTrax Foundation establishes and uses donor advised funds to facilitate giving to a broad range of charities.
Charitable Giving
The Foundation was created to support a variety of charitable causes and to encourage, facilitate, and increase charitable giving among the general public. The Foundation aims to maximize both the number of individuals and entities engaged in supporting charitable work and the amount of funding flowing to such ends. In furtherance of these aims, the Foundation will enable individual donors to suggest grants and distributions in support of organizations, programs, projects, and causes dedicated to charitable, educational, and scientific purposes.
When people and companies donate to nonprofit organizations on technology platforms, including GivingTrax, they advise GivingTrax Foundation as to the intended charity. Givingtrax Foundation receives the donation, vets the intended recipient and subsequently sends the funds to the intended recipient when eligible in compliance with laws and regulations governing United States Donor Advised Funds (DAFs).
In the unlikely event the donation can’t be sent to the intended recipient, GivingTrax Foundation will disburse the funds to a similar type organization. Examples of situations that can result in the donation being disbursed to a similar recipient organization include instances where the charity is no longer a valid charitable organization, no longer exists, is no longer in good-standing, or returns the donation or does not comply with the Foundation’s grant-making criteria.
Donor Advised Fund (DAF)
The Foundation accepts donations into accounts that it will separately identify by donor or group of donors and it will permit such donors to have advisory privileges over the investment and distribution of the funds in such accounts. The Foundation will have the ultimate decision-making authority over the investment and distribution of these donor advised funds (“DAF”s). Donor Advisory privileges are non-binding.
The Foundation’s relationship with its donors will be governed by terms and conditions for participation by a contributor to a Foundation-sponsored DAF. Donors may not impose binding restrictions or conditions on their donations or the assets in their accounts.
Although the donors will be permitted by the organization to provide recommendations as to charitable distributions made from the donor’s account, the Foundation will review all such recommendations according to its own grant-making criteria to ensure that distributions will accomplish a legitimate charitable purpose. Toward this end, the Foundation will focus on donations to organizations that are recognized by the IRS as public charities exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, and if it makes grants to organizations that are non-exempt or foreign, it will follow the expenditure responsibility procedures specified above to ensure that those funds will only serve the exempt purposes of the Foundation.
Administrative Fees
The Foundation charges a reasonable administrative fee in line with fees charged by other donor-advised funds, to cover reasonable administrative costs associated with processing donations and the relevant technologies involved. Such fees are in line with those customarily charged by other donor advised funds that are tax exempt under Section 501(c)(3) of the Code.
With the exception of a reasonable administrative fee, the Foundation intends to pay out 100 percent (100%) of its assets per year to receiving charities.