SOURCE: ChesterCAP

September 25, 2007 14:13 ET

The Chicago Community Trust Successfully Launches ChesterCAP's Dotche Platform

CEDAR KNOLLS, NJ--(Marketwire - September 25, 2007) - ChesterCAP, LLC is pleased to announce that The Chicago Community Trust, which selected the company's innovative Dotche platform as its online grant application solution in May, has completed one full grant cycle and is initiating its next cycle this month.

"We are excited to be partnering with an organization that can claim as rich a history as can The Chicago Community Trust," says Eric Swerdlin, ChesterCAP's founder and CEO. "For nearly a century the Trust has helped foster the best and brightest aspects of Chicago in the areas of the arts, basic human needs, education, community development, and health. We know our relationship with their organization will enable them to continue to achieve great things for years to come."

Dotche is the unique online philanthropic marketplace that is redefining the donor-grant seeker relationship. Dotche affords greater collaboration between grant makers and grant applicants; those organizations who seeking grant money to do meaningful philanthropic work. Dotche allows donors to gain greater awareness of specific programs, projects, and scholarship opportunities. It also allows grantors to collaborate online to evaluate grant proposals, scholarship applications, and other funding opportunities available to them.

After evaluating competitive products, the grants management staff at the Trust concluded that ChesterCAP's Dotche provided the best fit for their needs. Additionally, Dotche will eventually integrate seamlessly with the grants management system that currently is in place at the Trust.

"We've been on the online bandwagon for a while and have surveyed the competitive landscape of vendors," says Sandy Phelps, grants manager at the Trust, who praised ChesterCAP's client support and responsiveness. "We anticipate that ChesterCAP will offer us the ability to serve our grant seekers and our staff in a more efficient way and also serve our donors by giving them access to organizations that the Trust supports."

"Our experience over the last two months has been great," says Ms. Phelps. "Our grant seekers have had a more positive online application experience and have been comfortable using the system."

Dotche also provides foundations with a tool to get one step closer to the "paperless office." The grant application process has traditionally been lengthy and paper-intensive. Dotche allows community foundations and related entities to receive and store data electronically, thereby eliminating the redundant multiple cycles of data re-entry while improving the timeliness and accuracy of information flow.

"We definitely hope to be able to reduce the amount of paper flow and expect that Dotche will afford us efficiencies in other areas as well," adds Ms. Phelps.

About ChesterCAP, LLC

ChesterCAP, LLC bridges philanthropy and the financial services industry with solutions designed to simplify the complex transactions among philanthropists, financial advisors, and nonprofit organizations. The software components of our solutions are offered as web-based services on the pay-as-you-use ASP model, for recognized efficiencies of deployment and maintenance. We offer a compelling synergy of solid technology, expertise in the back office operations of nonprofits and financial firms alike, and innovative approaches to the stewardship of charitable assets. For more information, please visit www.chestercap.com.

About The Chicago Community Trust

For more than 92 years, The Chicago Community Trust has connected the generosity of donors with community needs by making grants to organizations working to improve metropolitan Chicago. With assets of $1.6 billion, the Trust has given more than $1 billion in grants since 1915. In 2006, it granted more $77 million to not-for-profit organizations. From strengthening community schools to assisting local art programs, from building health centers to helping lives affected by violence, the Trust continues to enhance our region. To learn more, please visit the Trust online at www.cct.org.

Contact Information

  • For media inquiries, please contact:

    Scott C. Tanner
    Millennium Media Consulting, Inc.
    (703) 519-1922
    Email Contact

    Sandy Phelps
    The Chicago Community Trust
    (312 661-8000
    Email Contact