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.