How are we able to give 100 percent to beneficiary
Few people asked us this question and we thought to explain the way it works today.
It’s Simple Though!
The goal of our organization is to identify deserving students and use crowdfunding to raise funds from supporters. Beneficiary approach us directly or referred to us for financial help to continue or purse school or college education. Our review committee investigate the cause to know the complete background. Once the cause is approved we share the cause to supporters through our website, facebook, email etc. Supporters with generously donate to the cause.
It is very important that whatever donation we receive from the supporters should go to the beneficiary 100%. Once the goal is reached, we are directly pay it to the educational institute or service provider and ask for receipts. We DO NOT write cheque or demand draft to the beneficiary or parents.
As any organization we do have monthly operating cost and we try to keep it very minimal as possible, so that we can serve many student. Our monthly cost includes office rent, phone bill, stationary, web hosting etc. Our champions are contributing in many ways as website development, graphics design, cause review, user support, accounting, tax filing etc.
Currently we have three core members pledge monthly and that covers our operating cost. In near future we are planning to integrate payment gateway, so that supporters can donate seamlessly. There is a service charge (2-5%) given to the payment processing company and we would like to observe that cost with our monthly operating cost. To cover this service charge we will increase the number of monthly pledge amount.
At any cost we WILL NOT take any single amount from the cause donation and give 100% donations to the beneficiary’s cause which makes us different!