What we do
Chariot builds infrastructure and intelligent tools to unlock the $234B sitting in Donor Advised Fund accounts.
We make it easy for people to securely connect their DAF to the nonprofits they love. Our tool supports donations from 1000+ DAF providers and has direct integrations with over 55% of the market, with more integrations coming in 2023.
Our journey
Chariot was founded as a Public Benefit Corporation in 2022 by our three co-founders, Salo, Aaron, and Drew. Aaron and Salo were former college roommates at the University of Pennsylvania, and Drew and Aaron met on the first day working at Bain & Company.
The three of them shared a passion for philanthropy and were committed to donating 10% of their income each year to charity. They quickly bonded over a shared frustration with the lack of infrastructure throughout the nonprofit sector and set out to make a notable impact.
Their first project, MyTenPercent, was a social banking app designed to manage your charitable dollars. Through MyTenPercent, they learned about Donor Advised Funds, which had recently become known as the fastest-growing vehicle in philanthropy. Instead of building their own Donor Advised Fund with MyTenPercent, they decided to enable DAF giving's biggest pain point.
Enter Chariot. Making giving with your Donor Advised Fund as easy as giving with a credit card.
DAF is not a FAD
With $234B in total assets, growing at 40% YoY, DAFs are quickly approaching a trillion dollar market size.
Although there are already 1.3 million DAF accounts, the market is still in its infancy. Comparatively, there are over 30 million HSA accounts and over 60 million 401K accounts.
DAFs are the obvious choice for anyone interested in donating to charity- these accounts help you stay organized around your giving goals and offer incredible tax advantages. Compared to foundations, DAFs are less of an operational headache, anonymous, and cheaper to start.
By promoting the benefits of DAFs on thousands of nonprofit’s websites and making the giving experiencing from them seamless, Chariot expects to help speed the adoption of DAFs. We hope for a future for everyone has their own giving account.
Backed by the best
