KNTA Kintera (MM)

Kintera(R) Inc. (NASDAQ:KNTA) today announced that Summit Trust Company has signed a multi-year agreement to utilize the Kintera GivingFund(TM) Donor Advised Fund (DAF) administrative platform to allow its network of high net-worth advisors to offer state-of-the-art charitable gift accounts to their clients. "By using Kintera Planned Giving solutions, Summit Trust, and the relationships they have with approximately 3,000 advisors, can conveniently set up charitable asset accounts for clients. Kintera's state-of-the-art GivingFund(TM) platform makes it easy for donors to establish and monitor their charitable account, thereby differentiating us from other donor advised fund platforms," says George Brown, CMO of Summit Trust Company. "Offering a private labeled Kintera GivingFund program will help Summit Trust expand and enhance advisor relationships, and help them solidify long-term relationships with affluent donors." According to Debbie Snyder, general manager of directed giving for Kintera, "Signing a multi-year agreement with Summit Trust Company, an independent trust administrator for the financial services community, recognizes Kintera's DAF platform as a necessary resource to the financial services community." One of the fastest growing instruments in the charitable field, DAFs are designed to enable individuals with philanthropic interests to efficiently manage their giving by allowing them to make an irrevocable contribution of personal assets, such as cash, appreciated stocks, bonds, mutual funds or real estate, at the most advantageous time, claim a tax deduction for the gifts, and then direct contributions from their account to one or more charities of their choice -- at a time of their choice, by recommending a grant distribution from the foundation sponsoring their account. A significant enhancement to the grant process for these programs took place when Kintera launched the Kintera GivingFund grant request gateway, enabling donors for the first time to initiate a grant request when they visit a nonprofit website. Through Kintera's online GivingFund grant request functionality, major donors can directly connect their DAF to the nonprofit organization of their choice, and immediately request funding for a cause, ensuring that the donation is made to the right charity and the right program with recognition of the right people and thereby providing an enhanced giving experience. About Summit Trust Company Summit Trust Company was conceived by a team of banking, financial services and business leaders with the goal of creating a trust company dedicated to the kind of personalization that is fading with many national institutions. Summit Trust Company supports highly tailored and specialized investment management and planning strategies by understanding the clients' goals, and working closely with their financial professionals, attorneys, accountants and insurance counselors to formulate the optimum solution for each situation. By building a financial institution staffed with seasoned, highly competent, experienced and empowered professionals whose knowledge, experience and history of personal service distinguishes them from the crowd, Summit Trust Company focuses on achieving peak customer performance and satisfaction. For more information on Summit Trust Company, visit www.summittrust.com. About Kintera, Inc. Kintera(R), Inc. (NASDAQ:KNTA) provides an online solution to help nonprofit organizations deliver The Giving Experience(TM) to donors -- including giving convenience, financial transparency, feedback about the social impact of their gifts, and a sense of belonging and appreciation. More than 15,000 accounts in the nonprofit, government and corporate sectors use Kintera's "software as a service" innovations, including the Friends Asking Friends(R) fundraising program and Kintera Sphere(TM), an enterprise-grade software platform that provides a secure, scaleable and reliable system for social constituent relationship management (CRM), enabling organizations to drive all interactions based on comprehensive knowledge of constituents. Additionally, Kintera FundWare(R) provides award-winning financial management software developed for nonprofit organizations and governments. For more information about Kintera's software and services, visit www.kintera.com. Kintera, Kintera Sphere, Friends Asking Friends, The Giving Experience, GivingFund, and FundWare are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of software solutions by donors and nonprofit organizations) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements.