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 |
| payment setup: | 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.