United Way of RI Receives $500K Gift to Establish Donor Advised Fund
Friday, April 06, 2018
United Way of Rhode Island along with President Anthony Maione announced that the organization’s largest single donor-advised fund of $500,000 was received from an anonymous donor.
The fund is advised by the donor through UWRI’s recently developed online giving tool, MyFund.
“One of the things we know is that giving is deeply personal—every donor has a unique story, whether the donor is an individual or a family, or corporate foundation. MyFund was created with the donor in mind, to consolidate a donor’s charitable giving into one account while offering convenience and security. We are very pleased with the response from the community, and with the trust we have among financial advisors who recommend us. I am particularly grateful to Lorne Adrain for connecting us with his client, an anonymous donor with a passion for the community,” said Maione.
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MyFund was released in 2017 to serve a growing number of donors seeking the ease and flexibility of giving online.
The product has brought in more than $800,000 in new funds at United Way this year, against a goal of $250,000.
“MyFund could bring in $1 million in new accounts by the close of our fiscal year on June 30, 2018,” says Maione, “which ultimately supports our organization-wide goal of $12.8 million.”
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