Your giving program docs are getting some new names — here's what to know

Some document names are changing — here's the scoop 👀

We’re updating the terminology and names of certain documents — including your Account Statement and Invoice — to ensure legal compliance and clarity across documentation provided by the foundations Benevity works with.

The change is driven by our legal and language guidance, which focuses on accurately reflecting the structure of the Donor Advised Funds (DAFs) provided by the foundations:

Clarifying Benevity's role
Donor Advised Funds are charitable giving tools provided and sponsored by the charitable foundations. Benevity supports, coordinates and facilitates administration and compliance through the Benevity platform.

Avoiding financial terminology
Terms such as "Account" and "Account Statement", as common banking terms, should be avoided as they imply a banking relationship that does not exist. Benevity does not own, operate or control the DAFs or the funds within them, and we never act as a financial intermediary.

Future donations are pledges, not legal obligations to pay
Future donations to be made through the Benevity platform are legally considered a pledge, not a legal obligation to pay. Therefore, the term “Invoice” is not aligned with the intention of the document. 

Here's what's changing:

These updates ensure that all documentation accurately reflects the role Benevity has and provides you with clear, compliant visibility into your giving program. View samples of the new documentation for reference:

Same documents, same info — just names that better reflect what's actually happening with your giving program. If any of these changes affect your internal workflows, now's a great time to flag that with your team.

Questions? Drop a support request in the B-Hive and we'll get you sorted.