New 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…