Growfund for Giving Circles Featured in The Chronicle of Philanthropy
February 8, 2018New Site Seeks to Make It Easier for Giving Circles to Blossom
By Heather Joslyn
Over the 10 years since Tracey Webb founded Black Benefactors, a Washington-area giving circle for African-American donors, she has had many conversations with people who want to get serious about their giving.
Sometimes, if they have heard of donor-advised funds, they investigate that option.
“The first thing they tell me is, the initial donation to open a fund is a barrier to them,” Webb says.
But perhaps no longer. On Monday, Global Impact, a nonprofit that raises money largely for international charities and awarded about $80 million in its 2017 fiscal year, launched a new online site, Growfund for Giving Circles, which it has been testing for about a year with a few select groups…