How to Raise Funds for a Nonprofit

How do I setup a nonprofit fundraiser?

If you’d like to raise funds for a nonprofit, please select the “Nonprofit” option under the “Funds Recipient” section. Six required fields will appear, and all must be completed before you can launch:

  • Nonprofit name: Enter the name of the nonprofit organization as it is filed with the IRS, or local government agency in your country
  • Tax ID (EIN for US nonprofits): Enter the tax ID/EIN as it is filed with the IRS, or local government agency in your country
  • Legal first name: Enter the legal first name belonging to the owner or director of the nonprofit organization
  • Legal last name: Enter the legal last name belonging to the owner or director of the nonprofit organization
  • Date of Birth: Enter the date of birth belonging to the owner or director of the nonprofit organization
  • Legal Residence: Enter the location where the nonprofit is registered, and where their bank account is located

Please keep in mind that these fields can’t be changed under any circumstances after you launch your fundraiser. If you need to change them after you’ve launched, you’ll need to refund your donors, and start a new fundraiser. We therefore recommend you be especially careful when providing the above information. You’ll also want to make sure that you’ve entered the legal name of the funds representative. This is the name the government has for that person, and shouldn’t be a nickname, organization name, or other non-legal name.

Whose information should I enter in the funds representative fields?

You must enter someone authorized to represent the nonprofit in the legal name and date of birth fields. Preferably, this would be the owner or director of the nonprofit organization, but could be another senior member, such as an accountant or financial director. Members of the general public should not enter their personal information in these fields. Doing so could lead to a disruption in your fundraising efforts, and potential closure of your project.

Once you’ve raised funds, you’ll be asked to provide additional information:

  • Social Security Number (SSN): Enter the SSN belonging to the owner or director of the nonprofit organization (should belong to the person whose name and date of birth you provided when setting up your campaign)
  • Address: Nonprofit’s address, or the funds representative’s address
  • Account number: Nonprofit’s bank account number
  • Routing number: Nonprofit’s routing account number

Please note that everything entered should be consistent: the nonprofit, legal representative, and bank account information must all match.

Can I raise funds on behalf of a nonprofit, even if I’m not affiliated with them?

If you are a member of the general public and would like to raise funds on behalf of a nonprofit, we recommend getting in touch with the nonprofit to discuss setting up the campaign. You’ll need to provide the owner’s, director’s, or other senior member’s information, as well as the nonprofit’s bank account, so you need to ensure the nonprofit will provide this to you.

If the nonprofit declines, you should instead select the “Individual” option, and have funds disbursed to you. You can then work with the nonprofit to send in the funds an alternative way, after receiving them to your account. In this situation, please be very honest and transparent in your story section about how you are receiving the funds and donating them to the nonprofit.

Do we have to give the Social Security Number (SSN) for our funds representative?  

Yes, you must provide an individual’s SSN, even if you’re raising funds for an organization. Stripe, our payment processor, needs to verify an individual behind the organization before you can receive funds. Government regulations require any entity that sends funds to verify the legitimacy of the organization they’re sending funds to. This requirements means that an individual behind the organization must also go through verification, in addition to the EIN verification. This requirement is also part of their obligation to government agencies with regard to OFAC (Office of Foreign Assets Control) and anti-money laundering policies.

What about the tax deductibility of transactions to my nonprofit fundraiser?

Generosity can’t advise on the tax deductibility of donations made to your fundraiser. Please talk with your tax advisor or legal counsel about whether you may provide tax receipts to your donors. Please also note that any tax receipt would have to come from the nonprofit directly, not Generosity.

Fundraiser organizers have access to donor data including name, email address, donation amount and any donation levels selected upon receipt of donations. This data is available for easy export via the fundraiser dashboard. Keep in mind that Generosity does not collect the shipping addresses or other addresses for donors who do not claim a Donation level with required shipping. If you need to send a donor a physical tax receipt, you'll need to collect their billing/shipping addresses off-platform by contacting the donor via their email address found on your dashboard.

What are the fees like for nonprofit fundraisers?

On Generosity, nonprofits can raise funds in USD from anywhere in the world with 0% platform fees. For more information about fees, please read third party fees.

When will our nonprofit receive funds?

The timeline for receiving your funds as a nonprofit is the same as for any other project on Generosity: You can expect to receive your first disbursement approximately 30 days after your fundraiser begins, provided you've added your bank account information and your fundraiser has been reviewed by our Trust & Safety Team, and then another disbursement three weeks following that. Please read more here.

Please also keep in mind you’ll need to make sure you’ve been verified by Stripe before receiving funds. Once funds are disbursed, it typically takes 2-5 business days to show up in your bank account. Funds will show as coming from Stripe on your bank statement, rather than Generosity. Finally, Stripe advises using a checking account to receive funds, as they don’t support savings accounts.

Still can't find what you need?

Powered by Zendesk