#354- Demystifying DAFs with Mitch Stein

I’m joined by my friend and returning guest, Mitch Stein, now Head of Strategy at Chariot, and we’re breaking down the truth about Donor-Advised Funds (DAFs) — what they are, how they work, and what nonprofits are getting wrong about them.

Here's what we cover:

• What a DAF actually is (and no, it's not just for the ultra-wealthy)

• Why $250 billion is just sitting in DAFs right now — and how to access it

• How to stop losing donors due to missed acknowledgments and poor data practices

• Why building trust (not chasing fund managers) is key to unlocking DAF dollars

• One truly cringeworthy story from my ED days that still haunts me (you’ll want to avoid this mistake)

If you’re in development, major gifts, or even running a small shop, this episode is packed with practical advice to help you tap into this growing funding source.

Important Links:

Connect with Mitch: https://www.linkedin.com/in/mitch-stein/ 

DAF Fundraising Report: https://www.givechariot.com/daf-fundraising-report 

How to Train ChatGPT: https://go.rheawong.com/annual-fundraising-plan-tracker1-3127-4300 

Upcoming Events: https://www.rheawong.com/events/ 

My Big Ask Gifts Program: https://go.rheawong.com/big-ask-gifts-program 

My Book, Get That Money Honey: https://go.rheawong.com/get-that-money-honey 

My Newsletter: https://www.rheawong.com/