If you're the host of a fundraising event, you can choose to ask your guests to make donations to charity or to a personal fundraiser (crowdfund). Here are the differences between them:
|Charity - proceeds go to a certified nonprofit
|Personal (crowdfund) - proceeds go to a personal account
|who we can send payments to:
|any US 501c3 nonprofit in good standing with the IRS. If they're not in our database, we can verify and add them.
|an individual with a US bank account, subject to our verification of both the individual and the bank account.
|tax deductibility of donations
|eligible -- actual deductibility depends on your individual tax situation
|not eligible, even if funds were eventually given to a charity, because the payment was made to an individual.
|where we send payments:
|directly to the nonprofit at their IRS-registered address. Currently most payments are by paper check.
|an individual's verified US bank account via direct deposit.
|when we send payments:
|usually within 15 days of the end of the calendar month (unless amount is under $20, in which case it's held until we have at least $20 to send)
|within seven or eight days of each donation
|Pledge verifies nonprofit info and IRS status
|payment recipient must complete identity verification and banking setup using our online forms
See the other articles in this section on how to change your selection.