Business Services Industry

Are We There Yet? … Is the Financial Services Industry Finally Ready for Donor Advised Funds? — Kintera Directed Giving Program Offers White Paper for Free Download

Business Wire, Feb 24, 2005

SAN DIEGO -- As charitable giving in the United States continues to grow, so too has the interest in donor advised funds as a way for individuals to more efficiently manage their contributions to nonprofit organizations. Kintera, Inc. (NASDAQ:KNTA) today released a new white paper - "Are we There Yet? ... Is the Financial Services Industry Finally Ready for Donor Advised Funds?" - explaining how both the financial services industry and nonprofit organizations are able to benefit from the features and flexibility of donor advised funds. E[acute accent]Kintera, the leading provider of software as a service to nonprofit and public sector organizations, is offering free downloads of the white paper at www.kintera.org/DAFWhitePaper. E[acute accent]Written by William Hewitt, a Kintera senior executive with Kintera Donor Advised Fund Solutions, the white paper helps the financial services industry and the nonprofit sector realize the full potential of this wealth management tool. E[acute accent]A 29-year veteran in financial services, Hewitt has been responsible for broker-dealer management, national and regional sales management and distribution, and financial planning education for advisors and clients. Prior to joining Kintera, he was president of the 404(c) educational firm, Investment Training Associates, LLC. E[acute accent]"The financial and charitable sectors are continually looking for opportunities to strengthen their relationships with their clients," said Hewitt. "Donor advised funds represent a major step toward placing charitable planning tools within reach of most Americans." E[acute accent]Kintera's new donor advised funds white paper will be introduced at the LIMRA International Distribution Conference for insurance and financial services companies on Monday, February 28 in New Orleans. E[acute accent]The Kintera Directed Giving program was created to help consumers channel their gifts through donor advised funds, pooled income funds, and workplace giving solutions. Kintera's web-based platform provides the back-office support and account management functions enabling financial institutions and nonprofits to offer a private labeled donor advised fund solution to their audience. At the same time, it gives Internet convenience to a broad range of donors and philanthropists. E[acute accent]Kintera's donor advised fund platform is a cost-effective, easy-to-use solution that allows financial institutions and charitable organizations to quickly come to market with a private labeled donor advised fund program. Additionally, the donor advised funds allow their individual clients and donors a flexible, low-cost way to better manage their charitable giving by separating the gifting and donation functions from the tax planning process.

E[acute accent]About Kintera, Inc.

E[acute accent]Software provider Kintera(r) Inc. (NASDAQ:KNTA) delivers The Giving Experience(tm) by providing giving convenience to donors and feedback about the financial and social impact of their gifts, creating a sense of belonging and appreciation. Kintera services more than 15,000 accounts in the nonprofit, government and corporate sectors. The company's "software as a service" innovations include its Friends Asking Friends(r) solicitation program and Kintera Sphere(tm), an enterprise-grade software system that provides customer relationship management (CRM), a web content management system (CMS), eMarketing and directed giving applications. For more information, visit Kintera at www.kintera.com. E[acute accent]Kintera, Kintera Sphere, Friends Asking Friends, Communities of Giving and The Giving Experience are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries.

E[acute accent]Forward-Looking Statements

E[acute accent]In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of software for donor advised funds by financial institutions and individuals) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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