Chariot Compliance Verification FAQs

See a brief overview here.

Chariot currently partners with six DAF providers—the Dallas Jewish Community Foundation, EarthShare, NETA Foundation, Daffy, Daffeinated and Endaoment—to offer instant electronic payments. This network is growing rapidly.

A CDA allows your organization to receive DAF grants in a faster, easier and more secure way. You’ll receive both funds and donation data from Chariot's Disbursement Partners in the same place—no more delays or guesswork matching bank transfers with donor details.

This reduces reconciliation time for your finance and development teams, freeing them up to focus on your mission.

There is no cost to receive electronic payments from Disbursement Partners or transfer funds from your CDA to an external financial account up to twice per month.

For more details on how Chariot Disbursements benefits nonprofits, visit this page.

Going through Compliance Verification does not change how you currently use Chariot or DAFpay. Submitting Compliance Verification simply allows your organization to meet updated due diligence requirements from our DAF Disbursement Partners and unlock electronic payments.

When a donor from any of our Disbursement Partners sends a gift—whether through DAFpay or another platform—the funds will now be electronically deposited into your CDA, rather than sent via check. This speeds up delivery, enhances security and reduces manual processing.

For gifts from other major DAFs, like Fidelity, Vanguard, and DAFgiving360 (FKA Schwab), you will receive funds in the same way you do now (usually via check or electronic transfer).

Any Control Person within your organization can complete Compliance Verification by clicking the red banner at the top of your Chariot Dashboard once they’ve logged in.

A Control Person is an individual with significant responsibility to control, manage or direct your nonprofit organization (e.g., C-Suite, President), typically listed on your IRS Form 990. This individual must be the one to complete Compliance Verification, and upon approval, will become the account Owner. Owners are the only people authorized to link an external financial account to your Chariot Deposit Account.

If you need to invite a new account user to serve as your organization's Control Person, you must first invite them as an additional user to your Chariot Account. Here's a guide on how to add additional users to your account.

Chariot Disbursements is offered in partnership with our bank partner, Column N.A. In accordance with federal law—including Section 326 of the US PATRIOT Act—all US banks are required to implement a Customer Identification Program (CIP) to help prevent money laundering and the financing of terrorist activity.

To comply with these laws, we are legally required to collect specific personal information—such as Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)—for the person designated as your organization’s Control Person. This information is used solely for identity verification and is never shared or used for any other purpose.

Verification is handled by our secure partner, Footprint, and all data is encrypted and stored in secure enclaves that meet the highest standards of data protection.

For more information, you can review the full text of the law here and read a helpful overview of CIP requirements here.

Upon completion of Compliance Verification, we may request additional documentation from your organization. Documents might include EIN Issuance Letter, Bank Statement, or Articles of Incorporation. You can find more details here.

Funds from participating DAF Disbursement Partners are deposited directly into your organization’s CDA and, once approved, will settle instantly. Funds in your CDA remain securely held until you choose to transfer them to an external financial account.

Only the account Owner can link an external financial account—such as your organization’s primary operating bank account—to your CDA. From there, funds can be transferred out of the CDA into the external financial account for day-to-day use.

For step-by-step instructions on linking your external financial account, see here.

For more information on when you can expect funds to arrive, see here.

Beginning Friday, August 1st, 2025, nonprofits that have not completed Compliance Verification with Chariot will receive all DAFpay gifts via check to their IRS-registered address from DAFpay Network, Inc. Note that checks are subject to delays and additional handling fees.