The K Foundation (“K” meaning “Kimbia”, our technology partner for GiveMN.org) is a registered 501(c)(3) that operates a donor advised fund to facilitate gifts made on GiveMN.org.
A donor advised fund (also known as DAF) is a flexible tool that is managed by a public charity, such as The K Foundation. A DAF provides individuals with an effective way to support their favorite causes, and an organization like this is necessary so that we may efficiently be a fundraising option for every nonprofit and school in Minnesota.
The K Foundation sends gifts made on GiveMN to the organizations who received them on the 15th of every month. Thus, when you make a gift to a particular organization on GiveMN.org, your credit or debit card statement will refer to GIVEMN.ORG DONATION, but the gift will be distributed directly to the organization through The K Foundation.