We Partner with Chariot* for Grant Disbursements
About Chariot Disbursements
A faster, safer, and simpler way to receive grants from the Community Foundation of South Puget Sound
We're sending grant payments through Chariot Disbursements, a nonprofit-friendly way to receive your grant funds & gift details electronically.
Instead of waiting for checks or reconciling an ACH payment with a grant letter, your grant funds will now be delivered seamlessly into your Chariot account* along with all relevant grant information.
Why Chariot?
We have partnered with Chariot for grant disbursements for the following benefits:
- Speed: Seamless disbursements to nonprofit teams without having to wait to pair the payment to the grant letter.
- Security: Chariot's secure platform ensures that funds are transferred directly between the Community Foundation of South Puget Sound and your organization, with no need to share sensitive banking information.
- Simplicity: Your finance and development teams will have everything they need, all in one centralized platform.
Claim Your Chariot Account
Sign up today to start receiving your Community Foundation grant disbursements through Chariot.
Frequently Asked Questions
Is Chariot secure?
Yes. Chariot's system for sending and receiving grant payments is significantly more secure than traditional methods such as checks or even ACH. Its "in-network" transfers are instantaneous and do not expose account or routing numbers. Tens of thousands of donors, nonprofits, and foundations rely on Chariot's technology to facilitate seamless giving and payment experiences while keeping their most sensitive information protected. Learn more here.
Is there a fee to receive disbursements through Chariot?
There is no cost to receive disbursements on Chariot or transfer funds to an external financial account up to twice per month.
Fees may apply to other actions taken in your Chariot account. See the full fee schedule here.
Who from our organization needs to claim our Chariot deposit account?
Chariot requires a Control Person from your organization to verify their information and activate your account.
What is a control person?
A Control Person is an individual with significant responsibility to control, manage, or direct your nonprofit organization or financial operations (e.g., executive leadership, finance officer, etc.). They may, but are not required to, appear on your IRS Form 990 or have formal signatory authority.
What information needs to be shared to claim our Chariot account?
Great question! Check out Chariot's onboarding guide outlining the required information.
Why are we required to provide this information during account claiming?
Chariot Deposit Accounts are offered in partnership with Column N.A., a nationally chartered bank. Federal regulations, including Section 326 of the USA PATRIOT Act, require all U.S. banks to verify the identity of individuals opening financial accounts. Chariot collects personal information, such as a Social Security Number (SSN), exclusively for identity verification. This information is never used for credit checks or shared for any other purpose.
Can other staff members from our organization access our Chariot account?
Yes, after the account is activated, additional users, such as admin, finance, or development staff members, can be invited with customized roles. Check out permission levels here.
What happens if we don't claim our Chariot account?
Your organization has 7 days after notification of a grant disbursement to claim your Chariot account before your grant disbursement will be sent by mail to your IRS-registered mailing address. You can always claim your Chariot account later or upon notification of a subsequent grant disbursement. Please note that mailed checks have a 2-3 week processing delay.
What other benefits come with a Chariot account?
In addition to payments and data from Disbursement providers, Chariot is the company that powers DAFpay, the only Donor Advised Fund (DAF) payment option that lives directly on nonprofit donation forms. You can access DAFpay for no upfront cost via one of their fundraising platform integrations or through a direct subscription with Chariot. Nonprofits on Chariot transform how their donors give—and how their teams receive—DAF gifts. You will also have the ability to accept electronic payments from a growing list of other DAF providers. You can reach out to them at contact@givechariot.com.
Questions about your grant disbursement?
Our friendly and knowledgeable teams are here to support you.
For questions related to your grant disbursements, please reach out directly to Susan Adams, Finance & Operations Officer at the Community Foundation of South Puget Sound, by email at Susan@thecommunityfoundation.com or during business hours at 360.705.3340.
For technical assistance with your Chariot Account, please reach out to their support team by email at contact@givechariot.com.
Disclaimer
* Chariot is a financial technology company, not a bank. Chariot Deposit Accounts are a Demand Deposit Account through our banking services partner, Column, N.A., Member FDIC. Deposits in Chariot Deposit Accounts are eligible for FDIC insurance up to $250,000 per depositor, for each insurable capacity in which the account is held.