TIFIN announced that it has expanded the capabilities of its philanthropic arm by acquiring a technology-based giving platform.
TIFIN Give, a donor-advised fund operated by TIFIN that oversaw the distribution of $40 million in assets to charities in 2023, has acquired the Giving Place, a tech solution based in Medina, Ohio, that expedites giving programs for family offices and private foundations. The firm now oversees $670 million in philanthropic assets.
The acquisition gives TIFIN Give more resources and better technology to assist philanthropists and institutions to donate through its donor-advised fund. Assets controlled by the fund nearly doubled between 2018 and 2022 to $230 billion.
The new company will be led by Giving Place’s co-founder and CEO, Paul Lussow. Co-founder Alex Paul will serve on the TIFIN Give board.
“Our focus on supporting and growing the philanthropic capabilities of wealth enterprises will accelerate through this combined company,” Lussow said in a statement.
“The key to solving many pain points for donors and their advisors will be powered by the integration of TIFIN Give’s digital-first DAF platform with Giving Place’s philanthropy software solution for family offices and private foundations,” Giving Place co-founder and TIFIN Give board member Alex Paul added in a statement.