This section provides an introduction to Chariot’s Gift Proccessing solution, a unified platform for nonprofits to streamline gift processing.
Nonprofits receive donations from multiple sources - Donor-Advised Funds, workplace giving, crowdfunding platforms, mailed checks - each with their own portal, payment method, and data format.
Nonprofits spend countless hours manually reconciling payments across different systems, logging into dozens of portals, downloading CSV files, and matching donations to bank deposits.
Donor data is fragmented and inconsistent across these systems, making it difficult to maintain accurate constituent records and generate proper acknowledgment letters.
Getting donations into your CRM and accounting systems requires custom work for each payment source, creating a maintenance nightmare and data quality issues.
And, the problem is only getting worse as more payment sources emerge - creating a never-ending game of gift processing wack-a-mole.
It doesn’t have to be this way.
What if you could?
That’s what Chariot does.
Chariot provides Payment Sources - segregated addresses for receiving donations from different sources. These can be electronic bank addresses (account + routing numbers) or physical mailing addresses (lockboxes).
When donations arrive at a Payment Source, Chariot automatically:
You get complete donation data from the source including:
Consolidate donations from 50+ DAF sponsors and platforms into a single stream
Match donations to deposits automatically with complete donation details
Export data to your existing CRM and accounting systems
Eliminate hours of manual reconciliation and data entry each month
Chariot is ideal for nonprofits that:
Payment Sources are segregated addresses for receiving donations. Think of them as different “doors” into your Financial Account.
Each Payment Source can be dedicated to a specific source (e.g., one for Fidelity Charitable, one for PayPal Giving Fund) making reconciliation seamless.
A Deposit represents a transfer of money to a Payment Source. One deposit may contain multiple individual donations.
Deposits track:
A Donation is an individual charitable gift from a donor. Donations include complete attribution and metadata.
Each donation captures:
Chariot is a financial technology company, not a bank. Chariot Accounts come with a Demand Deposit Account through our banking services partner, Column N.A., Member FDIC. Deposits in Chariot Accounts are eligible for FDIC insurance up to $250,000 per depositor, for each insurable capacity in which the account is held.