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That $130m figure is not revenue, but rather they're counting the total amount people donated using the product. A bit misleading IMO. They don't mention what
by brenden2 7y ago
That $130m figure is not revenue, but rather they're counting the total amount people donated using the product. A bit misleading IMO.
They don't mention what the actual revenue numbers are, but the fees are around 0.25-0.5% which is what the product pricing page says. That's $650k in revenue for $130m in donations.
- kareemm 7y agoRevenue is a lot higher than that. The 0.25-0.5% fee that you cite is an ANNUAL fee for donated securities under management. Other ways to give include cash and cheque. Fees vary slightly based on a number of factors but were 5% on cash and higher for cheques (more labor intensive to process) when I left.