Pushpay Expands Giving Options, Announces Free Stock Donations with Engiven
July 25 2023 - 3:36PM
Pushpay, the leading payments and engagement solutions provider for
mission-driven organizations, announces further innovation of its
giving platform by expanding its partnership with Engiven, one of
the leading complex giving providers in the U.S., to include the
ability for churches to receive and quickly process stock donations
without an additional subscription fee. As an expanded benefit for
Pushpay customers, the exclusive offer will be available on July
31. The Company announced the expansion of its giving capabilities
at Rock RMS’s RX23 event in Phoenix, which drew more than 600
ministry leaders for a two-day church technology conference.
“We’re thrilled to expand our partnership with Pushpay by
providing an exceptional stock giving solution for Pushpay
customers, with the added benefit of no additional subscription
fees,” said Co-Founder and CEO of Engiven, James Lawrence. “Tens of
billions in stock donations are made each year and this new
offering will enable more ministries to quickly impact their
giving—all with immense tax benefits for donors and the
Church.”
Stock giving is one of the fastest growing non-cash donation
segments in the market, offering an immense opportunity for the
Church as donors diversify their preferred giving methods. In fact,
61% of adults in the U.S. currently own stock, and nearly $21
billion in stock is donated to nonprofit organizations each year.
According to Engiven, the average gift size for stock donations is
$5,000.
The process for donating stock has been historically challenging
for both the donor and recipient organization, and costly to
administer. Pushpay’s exclusive partnership with Engiven enables
churches to easily accept stock donations without an additional
subscription fee, while also having deep transparency into the
giving process and status of each gift. All donated stocks are
immediately sold, and funds are then delivered to the church.
Church administrative staff or finance directors are then able to
see non-cash gifts alongside other donations, providing ministry
leaders with a comprehensive donor development picture.
“We have seen immense value in our partnership with Engiven and
are thrilled to deepen that relationship in order to offer this
exclusive stock giving option for our customers,“ said Pushpay CEO,
Molly Matthews. “Not only does this help simplify the gift process
and reduce financial barriers for processing complex
gifts—including stock and crypto—we’re helping the Church keep up
with the giving trends of current and future donors.”
Today’s announcement comes on the heels of several recent
updates and innovations to Pushpay’s giving platform, including the
launch of Everygift™, ability to donate cryptocurrency, and several
other product enhancements to help streamlining the donor
experience, and support churches to have a greater impact.
For more information about Pushpay, visit www.pushpay.com.
About PushpayPushpay provides a donor
management system, including donor tools, finance tools and a
custom community app, a church management system (ChMS), and video
streaming solutions to the faith sector, non-profit organizations
and education providers located predominantly in the United States
(US) and other jurisdictions. Our leading solutions simplify
engagement, payments and administration, enabling our customers to
increase participation and build stronger relationships with their
communities. Pushpay is an award-winning company. For more
information visit www.pushpay.com
About EngivenEngiven is a leading provider of
complex giving solutions to public charities, faith-based
organizations, universities, financial institutions, and giving
platforms. The Engiven donation platform and developer tools enable
highly secure and automated cryptocurrency and stock giving
methodologies which help organizations maximize their giving
opportunities. Engiven has achieved SOC 2 Type 2 compliance
certification and serves clients in the US and abroad. For more
information about Engiven, visit https://engiven.com.
US Media / PR Contact:Chelsea
LooneyPR@pushpay.com
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