PayPal Giving Fund

September 26th, 2017
ea
The PayPal Giving Fund seems good enough that I feel like there must be a catch, but looking at it I think it's fine. So either there's something I'm missing, or we should be sending basically all large donations via the fund.

The idea is, PayPal maintains a 501c3 that you donate to, then they batch the donations and send them on to the charity you chose, and PayPal covers all transaction costs. If you're funding PayPal with a credit card, then you still get the associated rewards (cash back etc). There is administrative overhead for the recipient charity, similar to as if you had sent a check, so it doesn't make sense to do this for small donations, but for large ones it looks like this is a way to donate $10k and then get $150 back from your credit card via PayPal.

Charities have to sign up for this, and I noticed that the AMF has, so I wrote to them to ask what they thought of it. Rob wrote back:

Yes, it's a good way of giving as the fees are zero and the admin for us is light. It is on a par with donating via check and bank transfer.

Currently the AMF recommends check or bank transfer for amounts over $5k, so it sounds like that's the threshold to apply here as well.

So: is there a reason not to use this?

Referenced in:

Comment via: google plus, facebook

Recent posts on blogs I like:

Jealousy In Polyamory Isn't A Big Problem And I'm Tired Of Being Gaslit By Big Self-Help

The nuance is in the post, guys

via Thing of Things July 18, 2024

Trust as a bottleneck to growing teams quickly

non-trust is reasonable • trust lets collaboration scale • symptoms of trust deficit • how to proactively build trust

via benkuhn.net July 13, 2024

Coaching kids as they learn to climb

Helping kids learn to climb things that are at the edge of their ability The post Coaching kids as they learn to climb appeared first on Otherwise.

via Otherwise July 10, 2024

more     (via openring)