Are We There Yet? ... Is the Financial Services Industry Finally Ready for Donor Advised Funds? -- Kintera Directed Giving Program Offers White Paper for Free Download.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- As charitable giving in a falling inwards; a collapse. See also: Giving the United States continues to grow, so too has the interest in donor advised funds A Donor-Advised Fund (DAF) is a charitable giving vehicle set up under the tax umbrella of a public charity, which acts as sponsor to many Funds. A Donor-Advised Fund offers the opportunity to create an easy-to-establish, low cost, flexible vehicle for charitable giving as an as a way for individuals to more efficiently manage their contributions to nonprofit organizations. Kintera, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :KNTA KNTA Korean National Tuberculosis Association ) today released a new white paper - "Are we There Yet? ... Is the Financial Services Industry Finally Ready for Donor Advised Funds?" - explaining how both the financial services industry and nonprofit organizations are able to benefit from the features and flexibility of donor advised funds. E[acute accent]Kintera, the leading provider of software as a service to nonprofit and public sector organizations, is offering free downloads of the white paper at www.kintera.org/DAFWhitePaper. E[acute accent]Written by William Hewitt, a Kintera senior executive with Kintera Donor Advised Fund Donor Advised Fund A private fund administered by a third party and created for the purpose of managing charitable donations on behalf of an organization, family, or individual. Notes: Donor advised funds have become increasingly popular. Solutions, the white paper helps the financial services industry and the nonprofit sector realize the full potential of this wealth management tool. E[acute accent]A 29-year veteran in financial services, Hewitt has been responsible for broker-dealer management, national and regional sales management and distribution, and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against education for advisors and clients. Prior to joining Kintera, he was president of the 404(c) educational firm, Investment Training Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . E[acute accent]"The financial and charitable sectors are continually looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. opportunities to strengthen their relationships with their clients," said Hewitt. "Donor advised funds represent a major step toward placing charitable planning tools within reach of most Americans." E[acute accent]Kintera's new donor advised funds white paper will be introduced at the LIMRA LIMRA Life Insurance and Market Research Association (now LIMRA International, Inc.) International Distribution Conference for insurance and financial services companies on Monday, February 28 in New Orleans. E[acute accent]The Kintera Directed Giving program was created to help consumers channel their gifts through donor advised funds, pooled income funds, and workplace giving solutions. Kintera's web-based platform provides the back-office support and account management functions enabling financial institutions and nonprofits to offer a private labeled donor advised fund solution to their audience. At the same time, it gives Internet convenience to a broad range of donors and philanthropists. E[acute accent]Kintera's donor advised fund platform is a cost-effective, easy-to-use solution that allows financial institutions and charitable organizations to quickly come to market with a private labeled donor advised fund program. Additionally, the donor advised funds allow their individual clients and donors a flexible, low-cost way to better manage their charitable giving by separating the gifting and donation functions from the tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. process. E[acute accent]About Kintera, Inc. E[acute accent]Software provider Kintera(r) Inc. (NASDAQ:KNTA) delivers The Giving Experience(tm) by providing giving convenience to donors and feedback about the financial and social impact of their gifts, creating a sense of belonging and appreciation. Kintera services more than 15,000 accounts in the nonprofit, government and corporate sectors. The company's "software as a service" innovations include its Friends Asking Friends(r) solicitation program and Kintera Sphere(tm), an enterprise-grade software system that provides customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), a web content management system (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), eMarketing and directed giving applications. For more information, visit Kintera at www.kintera.com. E[acute accent]Kintera, Kintera Sphere, Friends Asking Friends, Communities of Giving and The Giving Experience are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries. E[acute accent]Forward-Looking Statements E[acute accent]In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of software for donor advised funds by financial institutions and individuals) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements. |
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