Celeste Bannon Waterman, Partner, KCI
A donor-advised fund is a charitable giving vehicle established through an up-front donation by a donor – such as an individual philanthropist or family – to an independent organization, typically a foundation or operating charity. While the donor advises on how funds are distributed, all administrative, operating and governance matters are managed by the independent organization.
The rise of donor-advised funds (DAFs) in recent years has been undeniable, but data about these funds, and practical resources for charities looking to maximize their potential, has been sorely lacking. To address this gap, KCI and the CAGP Foundation recently released a report focused on this rapidly growing giving vehicle, which examined DAFs from the perspective of all sector participants, including donors, financial advisors, and, importantly, the thousands of charities in Canada that, together, receive over $1 billion in funding from DAFs annually.
In this free webinar, join Celeste Bannon Waterman, Partner at KCI, as she presents key findings from this report including the basic elements of donor-advised funds, current regulatory frameworks and the estimated size of this growing pool of funds in Canada. This session will also bring a particular focus to understanding the motivations and interests of donors who use DAFs, and how fundraisers and nonprofit leaders can enhance their practices and approaches to attract and retain these highly motivated and philanthropic donors.
An experienced development professional, Celeste leads KCI’s Research & Analytics team, and Compensation benchmarking and counsel services. She is a key contributor to KCI’s thought leadership and sector knowledge resources, as well leading campaign studies, revenue generation plans, operational reviews, and targeted counsel. With over 13 years working at KCI, Celeste has partnered with organizations of all scope and size, from some of Canada’s largest charities to small, grassroots organizations developing fundraising capacity.
She brings a diverse set of skills and experience, having previously worked in the University Advancement, starting as an IT professional and ultimately leading the Advancement Services team at the University of Guelph. She still resides in Guelph, where she is an active volunteer including for her local community foundation.