Chariot Disbursements is an accessible payment network custom-built for rapid, data-rich grant payments from DAF providers to nonprofits. It replaces the costly, inefficient, and risky offline processes traditionally used by DAF providers to send nonprofit payments.
Instead of waiting up to six weeks for a check, nonprofits that receive gifts from DAF providers using Chariot Disbursements can access those grants in their Chariot Deposit Account instantly once approved.
Gifts sent on Chariot via Chariot Disbursements are Connected Payments between DAFs and nonprofits.
Connected Payments are:
Connected for speed: Electronic payments settle instantly, once approved, so funds can be put to work faster.
Connected to data: Payments contain structured data and attachments in one place for more efficient operations - no more manual payment to data reconciliation.
Connected to identity: Verified recipients means more secure delivery.
Nonprofits can transfer funds from their Chariot Deposit Accounts* to an External Financial Account (EFA). Nonprofits can also export the data from their Chariot account and upload it to their database of record.