Charityvest is a fintech startup that enables individuals to make giving a part of their daily financial lives. Donors can make tax-deductible contributions of cash, stocks, or crypto to their donor-advised fund, grow their balance with investments, and send funds to over 1.4 million charities.
Charityvest, a Y Combinator-backed company, was founded in 2019 by Stephen Kump, Jon Koon, and Ashby Foltz. Before co-founding Charityvest, Stephen worked with high-net-worth donors as a charitable impact advisor, and noticed that nearly all made use of a donor-advised fund. However, donor-advised funds traditionally have high minimum opening balances, high service fees, and user experiences that don’t always feel generous. Charityvest was formed to change the narrative and make premier donor-advised funds simpler for everyone at all wealth levels with no minimum opening balance and transparent, low fees.
On a Mission to Catalyze Generosity
Charityvest is on a mission to catalyze generosity. They believe a generous life is a richer life and want to inspire all to give back. With Charityvest, people of all wealth levels have the opportunity to make an impact by donating cash or assets to charities and supporting multiple causes.
Charityvest Key Features
- Help maximize tax advantages by donating stock and crypto, then sending cash to charities
- Track all giving on one tax receipt, no matter how many charities you support
- Help grow your charitable dollars by investing your donations in low-cost ETFs.
- Receive tax deductions upfront when you contribute to your fund.
Charityvest Powered by Alpaca Broker API
Charityvest’s partnership with Alpaca enables individuals of all wealth levels to open a donor-advised fund and grow their balance by investing in ETF portfolios without any taxes on gains, as all portfolio contributions and returns must ultimately be donated to charity. Leveraging Alpaca Broker API, Charityvest is able to provide investments in ETF portfolios while Alpaca serves as the broker-dealer.
Alpaca is an API-first stock and crypto brokerage platform that’s raised over $70m in funding. Alpaca offers brokerage and custody infrastructure for apps to launch and scale investing services with ease. Alpaca offers commission-free stock and crypto trading, real-time market data, brokerage operations, and compliance services through modern APIs.
Investing and investment strategies involve risk, including loss of value and the loss of principal. Past performance does not guarantee future returns or results.
Alpaca Securities LLC does not provide investment, tax, or legal advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Charityvest and Alpaca Securities LLC (“Alpaca”) are unaffiliated. Brokerage services are provided by Alpaca Securities LLC ("Alpaca"), member FINRA/SIPC, a wholly-owned subsidiary of AlpacaDB, Inc. Technology and services are offered by AlpacaDB, Inc.