Giving Place is one platform with one process designed to expedite all types of giving. Reduce planning time, auto-debit donations, and automate grant tracking, audit support, and tax prep. Do more, faster, and without all the spreadsheets and compliance chaos.
Giving Place lets you see across all charitable accounts, grant recipients, and upcoming commitments so you can easily align funding to family goals. And with automatic grant tracking, audit trail, and tax prep, you can be sure the family office team is donating within IRS guidelines.
Giving place lets you create custom reports of charitable activity that enable more strategic discussions, and access simple tools that facilitate rapid decisions. So, you can help take ideas to the next level and execute them all faster.
December was always an administrative nightmare. Because as is often the case with family giving, the bulk of charitable activity would occur in the final month of the year. For a multi-generational, single-family office with no dedicated philanthropy support, this meant weeks of long hours and chaotic scrambling to plan, execute, and track all donations and ensure tax compliance by a number of office staff also juggling other responsibilities.
There was a ton of work to do. Five family members, their spouses and children had been making individual and cooperative recommendations for a private foundation, periodic cash gifts as well as through other funds. This resulted in over 100 donations being executed at the busiest time of the year.
And the office team had to do it all on their own—navigate complex tax compliance decisions, draft and review grant letters, print checks and stuff envelopes, make credit card and wire transfer donations, and hound grant recipients for gift receipts and acknowledgment letters.
Multiply all this manual effort by more than 100 donations and you get a massive consumption of time and resources.
Consolidated charitable activity and provided custom reports. Giving Place integrated 10+ years of private foundation, personal, and IRA donations, as well as provided historical analysis of prior year giving, to identify repeat gifts for earlier execution. Also, per-family member reports of prior year recommendations were generated to aid 2022 decision making.
Automated grant payments and tracking. Giving Place automated the generation of grant award letters, scheduling of payments, documentation of donor approval, confirmation of IRS status, and the tracking of payments and acknowledgment letters.
Provided full visibility across all charitable activity. Giving Place provided real-time updates to the team on the status of over 100 donations.
Created personalized views of giving. Giving Place enabled the family and individual members to create end of year summaries of their charitable activities.
More valuable insights to inform discussions. Family office staff were able to have meaningful and productive conversations with family members about their planned 2022 giving.
Accelerated grant approvals. The approval of most gifts was accelerated into November or earlier, relieving stress during critical end of year time.
Reduced manual effort. The per-gift time spent on manual tasks was significantly reduced and the use of spreadsheets for tracking status was eliminated.
Faster answers to questions. All grant payment, tracking, and compliance documentation was integrated into a searchable view of charitable activity, enabling the family to find answers to specific questions about donations in minutes rather than hours.
More bandwidth to focus on strategy. By eliminating the manual administrative and operational effort associated with the gifts, the family office was able to focus more of their time on having meaningful discussions with family about their charitable intentions and goals.