Charities Aid Foundation America --CAFAmerica-- Completes Deployment of Stellar Financial's Integrated NorthStar 500 Charitable Operations Management Platform.Business Editors/High-Tech Writers EAST STROUDSBURG, Pa.--(BUSINESS WIRE)--March 3, 2004 NorthStar 500 will facilitate multi-currency, high volume processing of 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. grants and contributions. Stellar Financial, Inc., a leading provider of web-based philanthropic management software, today announced that CAFAmerica, the US based member organization of the CAF CAF - constant applicative form International Network, has deployed the NorthStar 500 Charitable Operations Management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. Platform to manage both internal fund administration and international granting operations. As a member organization of the CAF International Network, which provides financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to charities and their supporters across the globe, CAFAmerica needed an integrated operations management platform that would facilitate the high volume processing of contributions and international grant recommendations. "The NorthStar 500 platform provides us with an integrated online environment to research international grantees to determine eligibility and automate the generation of drafts in the native currency of the grantee An individual to whom a transfer or conveyance of property is made. In a case involving the sale of land, the buyer is commonly known as the grantee. grantee n. , at the current rate of exchange." said Dr Susan Saxon-Harrold, Chief Executive Officer of CAFAmerica, "This ability, coupled with the ability of NorthStar 500 to process and track high volume Donor Advised Fund and employer-matched contributions and automatically generate relevant letters and donor communications, made it an ideal choice for CAFAmerica." The NorthStar 500 platform is directly integrated with Travelex, a global provider of international payment and currency exchange services. This integration allows CAFA CAFA Class Action Fairness Act of 2005 (US) CAFA Community Action to Fight Asthma CAFA Canadian Association of Farm Advisors (Winnipeg, Manitoba, Canada) CAFA Confederation of Alberta Faculty Associations to generate orders for drafts in any foreign currency. CAFAmerica's management of international granting is further supported with NorthStar 500's capabilities in tracking domestic and internationally-banned organizations as well as automatically detecting eligibility expirations. CAF America will also utilize NorthStar 500's integrated marketing component to manage donor and prospect marketing and communications campaigns. Donors will also be provided with real-time online access to accounts and historical contribution and grant information through the use of NorthStar 500's DonorWeb. "By working with CAFAmerica, Stellar Financial continues its application of advanced, integrated technology to further the goals and ease the administrative burdens of philanthropies," said John Coogan, Managing Director of Stellar Financial. "Non-profits across the country and the globe face diverse challenges in employing technology to not just support operations but to significantly expand the organization's ability to accomplish its mission. CAFAmerica is another example of how advantageous technology, properly implemented, can be." About Charities Aid Foundation The Charities Aid Foundation (CAF) is a registered UK charity. Its Head Office is located at West Malling, Kent. Its role is to provide services and assistance to UK and international charities and their donors, as well as to promote donation to charity generally. America CAFAmerica was founded in 1992 as a member organization of the CAF International Network, which provides financial services to charities and their supporters. The CAF International Network spans five continents and has over $2 billion of charitable funds under management. CAFAmerica helps individuals, companies, family and community foundations manage their international philanthropy and strengthen charitable activity around the world. It helps US citizens and organizations make strategic and focused grant making decisions that have a lasting impact on the social needs of other countries. CAFAmerica currently advises 277 individual donors, 17 major companies and 11 family foundations. Since April 1995, CAF America has received a total of $34 million, which it has distributed to non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. in more than 64 countries. About Stellar Financial Stellar Financial, Inc. is an East Stroudsburg, PA based provider of integrated philanthropic management software for charitable organizations This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. . Built on a fully web based Coming from a Web server. See Web application. platform Stellar Financial Inc.'s solutions power some of the most advanced Donor Advised Fund, Endowment and Planned Giving Planned Giving is an area of fundraising that refers to several specific gift types that can be funded with cash or property. These gift vehicles are based on United States tax law. programs in the nation and provide back office processing for over $1.4 billion in client assets. Stellar Financial Inc.'s clients boast advanced capabilities in online donor services, seamless processing and daily operational efficiency. For more information visit Stellar Financial on the web at www.stellarfinancial.com. |
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