Frequently Asked Questions


DIA-Fund stands for Diasporas in America (Charity) Fund. It is a mobile platform to create a circle of giving that involves members of the Diaspora in the U.S., Diaspora Organizations in the U.S. and vetted organizations in developing countries.


Here is what you can achieve on DIA-Fund


DIA-Fund for Local NGOs

Apply to be featured on DIA-Fund.

  • Applying for DIA-Fund gives your organization exposure to your diaspora in the United States
  • Post your special projects on the DIA-Fund platform to seek funds, technical assistance and volunteers from the diaspora community in the U.S.

Donating to causes on DIA-Fund

DIA-Fund creates a mobile platform for vetted projects in your home country.

  • Only 2 percent of humanitarian aid goes to local NGOs, yet these on-the-ground organizations are the first responders but they are consistently sidelined.
  • As members of the diaspora, we need to fill the gap for our communities. You need to be sure of the transparency and accountability of the local NGOs on any crowdfunding site. DIA-fund provides you gives you this information so you can make informed donations.
  • Get results and help local causes grow.

Diaspora Organizations contribute to your home country communities

We work through a three-step progress to link your organization to the most reliable local non-governmental organizations also called NGOs.

  • As a diaspora organization, we work with your organizations to identify causes that are important to the diaspora communities you serve.
  • We have a comprehensive application process for locally based NGOs that uses an algorithm to rank each question on a 10-point scale.
  • We pick the highest ranking locally based NGOs to spot check in country and once verified we present these to you through our mobile application which makes it easy to view and search.

DIA-Fund for Local NGOs

Apply to be featured on DIA-Fund.

  • Applying for DIA-Fund gives your organization exposure to your diaspora in the United States
  • Post your special projects on the DIA-Fund platform to seek funds, technical assistance and volunteers from the diaspora community in the U.S.

Donating to causes on DIA-Fund

DIA-Fund creates a mobile platform for vetted projects in your home country.

  • Only 2 percent of humanitarian aid goes to local NGOs, yet these on-the-ground organizations are the first responders but they are consistently sidelined.
  • As members of the diaspora, we need to fill the gap for our communities. You need to be sure of the transparency and accountability of the local NGOs on any crowdfunding site. DIA-fund provides you gives you this information so you can make informed donations.
  • Get results and help local causes grow.

Diaspora Organizations contribute to your home country communities

We work through a three-step progress to link your organization to the most reliable local non-governmental organizations also called NGOs.

  • As a diaspora organization, we work with your organizations to identify causes that are important to the diaspora communities you serve.
  • We have a comprehensive application process for locally based NGOs that uses an algorithm to rank each question on a 10-point scale.
  • We pick the highest ranking locally based NGOs to spot check in country and once verified we present these to you through our mobile application which makes it easy to view and search.

There is no doubt that crowdfunding has changed the way many non-profits raise funds. We think this is a great thing especially for smaller non-profits, however with so much funding still going to U.S.-based organizations that claim to be advancing the interests of developing countries interest.

DIA-Fund believes developing countries and communities understand their environment and are best placed to serve as the lead implementers of development programs in their own countries. Throughout the various years we have professionally mobilizing over $20 million dollars for development projects in sub-Saharan Africa, what we have realized from that experience is home-grown entities are often do not receive the dollars needed to serve their own communities. We in the Diaspora have the spending power to change the tide on the development in our home countries. Home-grown entities deserve our knowledge and time through volunteer opportunities and our financial support. At DIA-Fund we want to make this process safe and easy to use for the foreign charities and for our Diaspora organizations here in the U.S.

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At DIA-Fund we believe in transparent giving. Crowdfunding platforms charge fees both to process the transaction from a payment processor and to maintain their technology. We do not believe in hiding fees. We seek to make our fees as straight forward as possible. We charge a pass through of our payment processing fee and we charge a DIA-Fund platform fee, which allows us to maintain a secure platform and provides us with the funding to verify non-profits both in the United States and around the world.

At DIA-Fund we believe in transparent giving.

We charge a:

7%
Platform Fee
+
3%
Credit Card Processing Fee
=
10%
On each transacion

DIA-Fund has a two-step vetting process that begins with collecting and reviewing documentation from every organization, including its legal documents, financial records, program materials, and lists of senior staff and board members, in order to validate the organization’s incorporation, governance and program existence as consistent with international standards of accountability. We also evaluate the organization’s capacity to implement activities, and communicate about its work, and we research the organization’s relationship with previous funders. Finally, we ensure that the organization is compliant with anti-terror guidelines and international guidelines for philanthropy.

Our second step is a site visit by our international audit team to validate in person the program success.

1. DIA-Fund has a two-tiered ranking system. First, grading is based on the answers within the application process.

  • a. The system should undertake an initial grading based on the scores.
  • b. A pass-grade of 55% should be set.
  • c. If the organization losses in the voiding questions, the system should automatically allocate a score of 0% to the organization.

For passing organizations, the system should provide a summary of their scores so DIA-Fund can use this to determine areas where capacity building may be required.

Evaluation Criteria

DIA-Fund’s approach is designed to measure the transparency, absorption capacity, fiscal responsibility and project objectives of local NGOs. Many international NGOs operating in developing countries publicly showcase their operations, accountability, and transparency to procure funding they are based in the U.S. often with high overhead rates and will little or no skin-in-the game for the communities where they are operating; local NGOs, however, may aspire to be accountable and transparent, but many lack the means or expertise to communicate these goals and promote themselves. Thus our application has two aims: to give NGOs a chance to demonstrate accountability and transparency and to tease out information linked to what we term our “trusted circle of giving” approach. Our research and evaluation processes are specially designed to evaluate risk for investing in each local NGO.

The four key pillars upon which we focus our vetting are :

  1. Project impact
  2. board and corporate governance
  3. financial health
  4. Legal status.

We use the term “project impact” to indicate a NGO’s outputs, outcomes and results that lead to achieving their mission and how this transforms the lives of its beneficiaries. Because we are evaluating community-based non-profits many of which do not have standardized reporting agencies, DIA-Fund has designed an algorithm to independently evaluate an organization’s impact, we require local registration as legal status and stress test their financial health, board involvement and good standing within the community the organization serves, we also pay attention to how the organization demonstrates its efforts in its reports. In the U.S. this amount to an equivalence valuation.

Because each of these pillars are crucial international standards of non-profit efficiency and health we make them core foundations for our evaluation process. We score organizations based on their performance in 165 criteria, as explained in detail below in “Our scoring and ranking procedure.” Each criterion falls into one or more of these pillars of interest.

Our scoring algorithm has been built into our application process and verified by internal evaluations in-country, the four main pillars of interest are weighted in the ranking process and evaluated on the fair and independent review of information gathered through the application and a third party verification also backed by in-country audits.

The scoring procedure uses the following numerical scales:

  • a score of 0 or 5, where 0 indicates “NO” or an absence of information and 5 indicates “YES”
  • a scale of 0 to 5, with 0 corresponding to low performance and 5 to high
  • a simple count (e.g., a point for each year an organization has been active, capped at 39 points)

The maximum score is 39 points. The simplified numerical scales have minimized the risk of subjective inconsistencies in scoring.

In order to obtain a final ranking, we have created an overall index score that has a scoring range sufficient for allocating different ranks to our local entities. Each organization receives an aggregated overall score on a numerical scale from 1 to 39.

Join DIA-Fund and raise funds for your organization.