Largest Independent Donor Advised Fund Expands International Giving
(PR Web) March 4, 2016 – FOR IMMEDIATE RELEASE
American Endowment Foundation (AEF), the country’s largest independent donor advised fund, has expanded its capabilities in international grant making.
“In 2015, our donors gave nearly $14 million in grants to qualified U.S charities that have field-based initiatives in foreign countries. Because the rules and regulations for evaluating whether a foreign-based charity is the “equivalent” to a U.S. public charity are complicated and difficult to satisfy, our donor’s options for international grantmaking have been limited, “ said Phil Tobin, Chairman and Co-Founder of American Endowment Foundation.
“We are excited about the opportunity to now work closely with GlobalGiving in providing our donors and their trusted advisors with a seamless, cost-efficient, and transparent way for processing of grants to foreign-based charities. I’m certain that international grantmaking by our donors will continue to grow due to our new arrangement with GlobalGiving.”
Donna Callejon, Chief Business Officer, GlobalGiving stated,” We ascribe to the notion that making grants internationally requires more than just ensuring the organization is registered. We're excited to be providing our thorough and proven approach to due diligence to AEF and its donors."
About American Endowment Foundation
American Endowment Foundation (AEF), a 501(c)3 charity founded in 1993, is the largest independent administrator of donor advised funds (DAFs) in the US. AEF’s mission is to expand the capacity of American philanthropy. As a neutral, independent platform, AEF focuses on serving the charitable interests of its individual donors.
GlobalGiving is the first and largest global crowdfunding community for nonprofits. GlobalGiving makes it safe and easy for people and companies to give to local projects anywhere in the world, providing nonprofits with the tools, training, and support they need to become more effective. Since 2002, GlobalGiving has helped raise more $200 million from about 500,000 donors for 13,000+ projects in more than 160 countries. Each of the nonprofits on GlobalGiving.org has been vetted, and has committed to providing donors regular updates about how donations are put to work. www.globalgiving.org
Eric Kinaitis, Editor/ Director of Content Marketing
American Endowment Foundation