ChesterCAP, LLC Announces the Acquisition of DOT.CHE

Firm Will Expand Revolutionary Technology's Reach

in the Philanthropic Arena



May 04, 2005, 01:00 ET from ChesterCAP, LLC

    CHESTER, N.J., May 4 /PRNewswire/ -- ChesterCAP, LLC, the company that is
 poised to bridge the gap between the philanthropic community and the financial
 services world, today announces the acquisition of DOT.CHE from the Arizona
 Community Foundation (ACF). The transaction is expected to close before the
 end of the second quarter.
     DOT.CHE, (which stands for "donor and community exchange") created in
 2001, is a web-enabled platform for true knowledge management to facilitate
 the business processes of today's community foundations and public nonprofit
 organizations. In 2003, DOT.CHE was honored as one of six finalists in the
 Best Open Source Project category at LinuxWorld Conference & Expo's Awards for
 Excellence in New York City.
     In a web-enabled environment, DOT.CHE allows much greater collaboration
 among grantmakers, or donors, and grantseekers; those organizations or
 individuals who are looking for grant money to do meaningful philanthropic
 work. DOT.CHE will allow donors to get far greater visibility about specific
 programs, projects, and scholarship opportunities. It will allow grantors to
 get together online to evaluate grant proposals, scholarship applications, and
 other opportunities available to them.
     "ChesterCAP, LLC is excited to be able to tap into DOT.CHE's ability to
 offer nonprofit organizations, community foundations, religious entities, and
 other operating charities a platform for connecting donors with grantseekers
 and their projects," says Eric Swerdlin, CEO of ChesterCAP, LLC. "DOT.CHE also
 offers phenomenal scholarship functionality which fills an important role for
 many organizations."
     "We are proud to have been at the forefront of developing this technology,
 which has changed the way we do business as a community foundation, increased
 our efficiency, and lowered our operating costs," says Stephen D. Mittenthal,
 ACF president and CEO. "We are especially pleased that ChesterCAP, LLC has now
 stepped in with the resources and marketing ability to take DOT.CHE to the
 next level."
     Adds Craig Nuechterlein, director of operations of the Greater Milwaukee
 Community Foundation, "DOT.CHE, or Philanthropy Online (POL) as we call it,
 simply makes the giving process easier for our donors and the application
 process easier for prospective grantees. It has definitely been good for our
 business."
     "The beauty of DOT.CHE is its ability to allow donors to connect with
 their philanthropic interests in a way that they have never been able to
 before," says Swerdlin. "This tool fosters 'granular giving,' in that it
 provides donors much higher visibility and transparency, allowing them to give
 to a portion of a cause in which they are most interested."
     Swerdlin continues, "It is imperative that donors have the opportunity to
 target the specific area within a charitable institution that they want to
 support, rather than simply giving generally to their favorite charity. For
 example, when a donor specifically wants their gift or donation to go to a
 university's library to purchase books on antiquities, DOT.CHE offers them the
 web-based vehicle to go several degrees deeper into the need profile of the
 university. DOT.CHE effectively allows them to pinpoint where they can
 allocate their dollars."
 
     About ChesterCAP, LLC
     ChesterCAP, LLC is a Chester, NJ company devoted to creating a crossroads
 between the philanthropic community and the financial services world. Their
 mission is to help philanthropic entities provide better functionality to
 their donors and constituent groups while providing financial services
 companies a pathway to serve the philanthropic space as well. The "CAP" in
 ChesterCAP refers to the company's forthcoming charitable advisor platform
 which is designed to connect the charitable giving world's triangle of donors,
 nonprofit organizations and financial services providers to each other in a
 way that provides value, scalability and return for all participants.
 
 

SOURCE ChesterCAP, LLC
    CHESTER, N.J., May 4 /PRNewswire/ -- ChesterCAP, LLC, the company that is
 poised to bridge the gap between the philanthropic community and the financial
 services world, today announces the acquisition of DOT.CHE from the Arizona
 Community Foundation (ACF). The transaction is expected to close before the
 end of the second quarter.
     DOT.CHE, (which stands for "donor and community exchange") created in
 2001, is a web-enabled platform for true knowledge management to facilitate
 the business processes of today's community foundations and public nonprofit
 organizations. In 2003, DOT.CHE was honored as one of six finalists in the
 Best Open Source Project category at LinuxWorld Conference & Expo's Awards for
 Excellence in New York City.
     In a web-enabled environment, DOT.CHE allows much greater collaboration
 among grantmakers, or donors, and grantseekers; those organizations or
 individuals who are looking for grant money to do meaningful philanthropic
 work. DOT.CHE will allow donors to get far greater visibility about specific
 programs, projects, and scholarship opportunities. It will allow grantors to
 get together online to evaluate grant proposals, scholarship applications, and
 other opportunities available to them.
     "ChesterCAP, LLC is excited to be able to tap into DOT.CHE's ability to
 offer nonprofit organizations, community foundations, religious entities, and
 other operating charities a platform for connecting donors with grantseekers
 and their projects," says Eric Swerdlin, CEO of ChesterCAP, LLC. "DOT.CHE also
 offers phenomenal scholarship functionality which fills an important role for
 many organizations."
     "We are proud to have been at the forefront of developing this technology,
 which has changed the way we do business as a community foundation, increased
 our efficiency, and lowered our operating costs," says Stephen D. Mittenthal,
 ACF president and CEO. "We are especially pleased that ChesterCAP, LLC has now
 stepped in with the resources and marketing ability to take DOT.CHE to the
 next level."
     Adds Craig Nuechterlein, director of operations of the Greater Milwaukee
 Community Foundation, "DOT.CHE, or Philanthropy Online (POL) as we call it,
 simply makes the giving process easier for our donors and the application
 process easier for prospective grantees. It has definitely been good for our
 business."
     "The beauty of DOT.CHE is its ability to allow donors to connect with
 their philanthropic interests in a way that they have never been able to
 before," says Swerdlin. "This tool fosters 'granular giving,' in that it
 provides donors much higher visibility and transparency, allowing them to give
 to a portion of a cause in which they are most interested."
     Swerdlin continues, "It is imperative that donors have the opportunity to
 target the specific area within a charitable institution that they want to
 support, rather than simply giving generally to their favorite charity. For
 example, when a donor specifically wants their gift or donation to go to a
 university's library to purchase books on antiquities, DOT.CHE offers them the
 web-based vehicle to go several degrees deeper into the need profile of the
 university. DOT.CHE effectively allows them to pinpoint where they can
 allocate their dollars."
 
     About ChesterCAP, LLC
     ChesterCAP, LLC is a Chester, NJ company devoted to creating a crossroads
 between the philanthropic community and the financial services world. Their
 mission is to help philanthropic entities provide better functionality to
 their donors and constituent groups while providing financial services
 companies a pathway to serve the philanthropic space as well. The "CAP" in
 ChesterCAP refers to the company's forthcoming charitable advisor platform
 which is designed to connect the charitable giving world's triangle of donors,
 nonprofit organizations and financial services providers to each other in a
 way that provides value, scalability and return for all participants.
 
 SOURCE  ChesterCAP, LLC