3 ms·
The 5% is to cover 501c3 vetting, mostly. It's not a profit center. In this particular case, the fees are waived.
by captheorem 9y ago
The 5% is to cover 501c3 vetting, mostly. It's not a profit center.
In this particular case, the fees are waived.
- joelrunyon 9y agoHow do you know in which cases the fees are waived?
- will_brown 9y ago>The 5% is to cover 501c3 vetting What is that? You mean verifying whether or not the entity is a 501(c)(3)? Because that takes about 1 minute to verify, and if vetting is what I think it is, making the cost a percentage of donations is exactly what you say its not, a profit center, directly taking money away from the 501(c)(3).
- evgen 9y agoReally? You managed to determine if the people running the FB page were actually entities in control of or authorized by that 501(c)3 to engage in fundraising activities using their name? You were able to ensure that the destination for funds was legit and the collection process didn't violate some obscure FB term of service? You are truly a wizard to be able to do that in about 1 minute, you should get Facebook to hire you...