FundSvcs Community

Good Morning. Has anyone had any experience with processing gifts made through the GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to raise funds for the team. The person who set up the campaign had the proceeds sent to him and he then sent a bank check to the University for deposit to benefit the lacrosse team. Given the ease of use, I can only see that this is going to become more commonplace. How has anyone processed this type of gift - if a gift at all? Should a hard credit for the gift go to the organizer then soft credit to those who made the contributions? Any help is appreciated on this topic. Thanks in Advance

We had one experience with someone setting up a GoFundMe to benefit us - the organizer contacted us to let us know, and were able to work with him and GoFundMe to arrange for the payment to come directly to us when the fundraiser ended. But we never got any donor list, just the final payment. Since then, we've begun using EveryDayHero for crowdfunding, and promote that on our website. The funds come directly to us, and the donor information and payment info integrates with Raiser's Edge. best regards, Katie On Wed, Feb 6, 2019 at 10:12 AM Jodie M. Ralston <jralston@syr.edu> wrote: > We just had our first experience with this last week, but it was an alum > who ran it! We gave hard credit to the person who wrote the check, and soft > to the others. We were sent a print out of donors right from the GoFundMe > page. (Of course the campaign didn't reach its goal and the first gift was > given 20 months ago according to the paper...) > > We've implemented our own in-house crowdfunding platform so that if folks > on campus (teams, faculty, etc.) want to raise funds this way, it's all > through our system and properly handled and receipted immediately at the > time of donation. > > --Jodie > Jodie M. Ralston > Executive Director > Advancement Services > T 315.443.1718 F 315.443.2874 > jralston@syr.edu > Syracuse University > > -----Original Message----- > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> > On Behalf Of Lisa Sabia > Sent: Wednesday, February 6, 2019 10:04 AM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [FUNDSVCS] GoFundMe > > Good Morning. > Has anyone had any experience with processing gifts made through the > GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to > raise funds for the team. The person who set up the campaign had the > proceeds sent to him and he then sent a bank check to the University for > deposit to benefit the lacrosse team. Given the ease of use, I can only > see that this is going to become more commonplace. > > How has anyone processed this type of gift - if a gift at all? Should a > hard credit for the gift go to the organizer then soft credit to those who > made the contributions? > > Any help is appreciated on this topic. > > Thanks in Advance > -- *Katherine Fritz, bCRE-ProManager, Development OperationsPennsylvania SPCA*350 E. Erie Avenue | Philadelphia, PA 19134 Phone: 267.463.2313 E-mail: kfritz@pspca.org | Website: www.pspca.org *With a 97% live release rate the Pennsylvania SPCA is the largest no-kill animal welfare organization in the state. * *Make a donation <https://pspca.org/support-us/donate/> today to save a life.*

We just had our first experience with this last week, but it was an alum who ran it! We gave hard credit to the person who wrote the check, and soft to the others. We were sent a print out of donors right from the GoFundMe page. (Of course the campaign didn't reach its goal and the first gift was given 20 months ago according to the paper...) We've implemented our own in-house crowdfunding platform so that if folks on campus (teams, faculty, etc.) want to raise funds this way, it's all through our system and properly handled and receipted immediately at the time of donation. --Jodie Jodie M. Ralston Executive Director Advancement Services T 315.443.1718   F 315.443.2874 jralston@syr.edu Syracuse University -----Original Message----- From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Lisa Sabia Sent: Wednesday, February 6, 2019 10:04 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] GoFundMe Good Morning. Has anyone had any experience with processing gifts made through the GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to raise funds for the team. The person who set up the campaign had the proceeds sent to him and he then sent a bank check to the University for deposit to benefit the lacrosse team. Given the ease of use, I can only see that this is going to become more commonplace. How has anyone processed this type of gift - if a gift at all? Should a hard credit for the gift go to the organizer then soft credit to those who made the contributions? Any help is appreciated on this topic. Thanks in Advance

Lisa, I can't speak to whether the gift made to the Lacrosse team is tax deductible, but I can share our experience of recording and receipting crowdfunding gifts. Several years ago a donor approached us about doing a crowdfunding campaign though Go Fund Me. We decided to test the concept to see what the response would be to crowdfunding . We went ahead and set up a nonprofit Go Fund Me page, so the gifts were earmarked for our university. However, it was still messy trying to process the gifts for several reasons: 1. The funds are only transferred to our university once or twice a month, not in real time. 2. The funds technically came from Go Fund Me, not the individual donors, so there was hard and soft crediting involved 3. Go Fund Me takes out a portion of each gift for processing fees. You'll have to decided if you want to calculate and soft credit each donor for the full amount of their donation, or the donation amount minus the fees. 4. Since Go Fund Me used Stripe as their payment processor, it was a manual process getting all the donor info into our Raisers Edge database. All in all it was a good learning experience, but it was not a viable solution to future crowdfunding projects. We ended up partnering with Scalefunder, which provides a crowdfunding platform to nonprofits. Using this platform alleviated the issues listed above and allowed us to use the same payment system we had been using for our online gifts processing. On Wed, Feb 6, 2019 at 9:03 AM Lisa Sabia <lsabia@fairfield.edu> wrote: > Good Morning. > Has anyone had any experience with processing gifts made through the > GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to > raise funds for the team. The person who set up the campaign had the > proceeds sent to him and he then sent a bank check to the University for > deposit to benefit the lacrosse team. Given the ease of use, I can only > see that this is going to become more commonplace. > > How has anyone processed this type of gift - if a gift at all? Should a > hard credit for the gift go to the organizer then soft credit to those who > made the contributions? > > Any help is appreciated on this topic. > > Thanks in Advance > -- *Ryan Malecha* *Freed-Hardeman University* *Associate Vice-President for Community Engagement* *731-989-6022*

We have been using Scalefunder also and it has worked out great. Some of the pages we have are for our athletics and if they give at a certain level they are able to get tickets to games and some other stuff. The Scalefunder page allows me to see if they have declined the benefits so I know if I have to take out FMV on their gift. It also runs through the same credit card process we use for our other on line gifts so we get the money all at once. Thank you, Cynthia Hornbeck [cid:image001.png@01D4BEFA.83E06650] University Advancement 940-898-3894 CHornbeck1@twu.edu<mailto:CHornbeck1@twu.edu> [https://www.blackbaud.com/files/training/jobaids/CSOD/Badges/certification_b/PRO_Orange.png] From: Advancement Services Discussion List [mailto:FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of Ryan Malecha Sent: Thursday, February 07, 2019 3:12 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] GoFundMe Lisa, I can't speak to whether the gift made to the Lacrosse team is tax deductible, but I can share our experience of recording and receipting crowdfunding gifts. Several years ago a donor approached us about doing a crowdfunding campaign though Go Fund Me. We decided to test the concept to see what the response would be to crowdfunding . We went ahead and set up a nonprofit Go Fund Me page, so the gifts were earmarked for our university. However, it was still messy trying to process the gifts for several reasons: 1. The funds are only transferred to our university once or twice a month, not in real time. 2. The funds technically came from Go Fund Me, not the individual donors, so there was hard and soft crediting involved 3. Go Fund Me takes out a portion of each gift for processing fees. You'll have to decided if you want to calculate and soft credit each donor for the full amount of their donation, or the donation amount minus the fees. 4. Since Go Fund Me used Stripe as their payment processor, it was a manual process getting all the donor info into our Raisers Edge database. All in all it was a good learning experience, but it was not a viable solution to future crowdfunding projects. We ended up partnering with Scalefunder, which provides a crowdfunding platform to nonprofits. Using this platform alleviated the issues listed above and allowed us to use the same payment system we had been using for our online gifts processing. On Wed, Feb 6, 2019 at 9:03 AM Lisa Sabia <lsabia@fairfield.edu<mailto:lsabia@fairfield.edu>> wrote: Good Morning. Has anyone had any experience with processing gifts made through the GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to raise funds for the team. The person who set up the campaign had the proceeds sent to him and he then sent a bank check to the University for deposit to benefit the lacrosse team. Given the ease of use, I can only see that this is going to become more commonplace. How has anyone processed this type of gift - if a gift at all? Should a hard credit for the gift go to the organizer then soft credit to those who made the contributions? Any help is appreciated on this topic. Thanks in Advance -- Ryan Malecha Freed-Hardeman University Associate Vice-President for Community Engagement 731-989-6022

Hello all, Could I ask a follow up question on this? Our athletics department is using Snap Raise for three campaigns which will be closing in 13 days. At that point, Snap Raise is going to send us three checks and a list of all the donors (with names and addresses) and all fees charged. So Snap Raise is supposed to get the hard credit and the donors the soft credit? And no receipts to anyone? Thank you for your help! Suzanne Coggeshall Gift Processor Office of Institutional Advancement Linfield College Ph: 503-883-2546 Web: linfield.edu/giving<http://www.linfield.edu/giving> From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Ryan Malecha Sent: Thursday, February 7, 2019 1:12 PM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: Re: [FUNDSVCS] GoFundMe Lisa, I can't speak to whether the gift made to the Lacrosse team is tax deductible, but I can share our experience of recording and receipting crowdfunding gifts. Several years ago a donor approached us about doing a crowdfunding campaign though Go Fund Me. We decided to test the concept to see what the response would be to crowdfunding . We went ahead and set up a nonprofit Go Fund Me page, so the gifts were earmarked for our university. However, it was still messy trying to process the gifts for several reasons: 1. The funds are only transferred to our university once or twice a month, not in real time. 2. The funds technically came from Go Fund Me, not the individual donors, so there was hard and soft crediting involved 3. Go Fund Me takes out a portion of each gift for processing fees. You'll have to decided if you want to calculate and soft credit each donor for the full amount of their donation, or the donation amount minus the fees. 4. Since Go Fund Me used Stripe as their payment processor, it was a manual process getting all the donor info into our Raisers Edge database. All in all it was a good learning experience, but it was not a viable solution to future crowdfunding projects. We ended up partnering with Scalefunder, which provides a crowdfunding platform to nonprofits. Using this platform alleviated the issues listed above and allowed us to use the same payment system we had been using for our online gifts processing. On Wed, Feb 6, 2019 at 9:03 AM Lisa Sabia <lsabia@fairfield.edu<mailto:lsabia@fairfield.edu>> wrote: Good Morning. Has anyone had any experience with processing gifts made through the GoFundMe platform. The University's Lacrosse Team had a GoFundMe set up to raise funds for the team. The person who set up the campaign had the proceeds sent to him and he then sent a bank check to the University for deposit to benefit the lacrosse team. Given the ease of use, I can only see that this is going to become more commonplace. How has anyone processed this type of gift - if a gift at all? Should a hard credit for the gift go to the organizer then soft credit to those who made the contributions? Any help is appreciated on this topic. Thanks in Advance -- Ryan Malecha Freed-Hardeman University Associate Vice-President for Community Engagement 731-989-6022

Does anyone have experience with a GoFundMe account. I have a donor that set up a GoFundMe account and now wants to transfer the fund to us. Is that how the funds come by transfer or check?? Thanks Liz -- Liz Arizpe Director of Advancement Services Valparaiso University Advancement 1100 Campus Drive South Valparaiso, IN 46383 (Phone) 219-464-5610 *The information contained in this communication is confidential and is intended only for use by the addressee(s). Unauthorized review, use, disclosure or copying of this communication, or any part thereof, is strictly prohibited. If you have received this communication in error, please notify us immediately by return email and destroy this communication and all copies thereof, including all attachments.*

There are also tax implications for the person. If the money is deposited into a checking account and then a check drawn off of that account to the organization, the amount given is tax deductible for the person writing the check. However they should talk to an accountant on how the receipt of that money impacts their personal taxes. _________________________________________________________________ *Lisa Godfrin '16**, Director of Advancement Services* *Worcester State University* | 486 Chandler St.| Worcester, MA 01602 508-929-8979 | lgodfrin@worcester.edu | www.worcester.edu On Tue, Apr 9, 2019 at 1:09 PM MURPHY, LOREN <LLTHOUV@mailbox.sc.edu> wrote: > We have only had this happen once and the donor was instructed to make a > gift to our Foundation via check. Donations to GoFundMe are not tax > deductible donations. > > > > *Loren Thouvenot Murphy* > *Sr. Director, Strategic Initiatives* > > *University of South Carolina* > > *Division of Development* > 1600 Hampton Street, 736O > Columbia, SC 29208 > LLTHOUV@mailbox.sc.edu > > 803.777.4434 (office) • 803.920.9918 (cell) • 803.777.9708 (fax) > > > > > > > > *From:* Advancement Services Discussion List < > FUNDSVCS@LISTSERV.FUNDSVCS.ORG> *On Behalf Of *Liz Arizpe > *Sent:* Tuesday, April 9, 2019 10:38 AM > *To:* FUNDSVCS@LISTSERV.FUNDSVCS.ORG > *Subject:* [FUNDSVCS] GoFundMe > > > > Does anyone have experience with a GoFundMe account. I have a donor that > set up a GoFundMe account and now wants to transfer the fund to us. Is that > how the funds come by transfer or check?? > > > > Thanks > > Liz > > > > -- > > Liz Arizpe > > Director of Advancement Services > > Valparaiso University > > Advancement > > 1100 Campus Drive South > > Valparaiso, IN 46383 > > (Phone) 219-464-5610 > > > > > *The information contained in this communication is confidential and is > intended only for use by the addressee(s). Unauthorized review, use, > disclosure or copying of this communication, or any part thereof, is > strictly prohibited. If you have received this communication in error, > please notify us immediately by return email and destroy this communication > and all copies thereof, including all attachments.* >

We had someone set up a campaign on GoFundMe that the organizer declared would be for our benefit, which we learned of when the campaign went viral. We contacted GoFundMe about the campaign, and they facilitated the process whereby the organizer added us as a beneficiary of the campaign. Once we accepted that invitation, we were able to withdraw the funds, and received them via EFT through WePay. We recorded the funds as coming from GoFundMe as a third-party event. Katie On Tue, Apr 9, 2019 at 10:37 AM Liz Arizpe <Liz.Arizpe@valpo.edu> wrote: > Does anyone have experience with a GoFundMe account. I have a donor that > set up a GoFundMe account and now wants to transfer the fund to us. Is that > how the funds come by transfer or check?? > > Thanks > Liz > > -- > Liz Arizpe > Director of Advancement Services > Valparaiso University > Advancement > 1100 Campus Drive South > Valparaiso, IN 46383 > (Phone) 219-464-5610 > > > > *The information contained in this communication is confidential and is > intended only for use by the addressee(s). Unauthorized review, use, > disclosure or copying of this communication, or any part thereof, is > strictly prohibited. If you have received this communication in error, > please notify us immediately by return email and destroy this communication > and all copies thereof, including all attachments.* > -- *Katherine Fritz, bCRE-ProManager, Development OperationsPennsylvania SPCA*350 E. Erie Avenue | Philadelphia, PA 19134 Phone: 267.463.2313 E-mail: kfritz@pspca.org | Website: www.pspca.org *With a 97% live release rate the Pennsylvania SPCA is the largest no-kill animal welfare organization in the state. * *Make a donation <https://pspca.org/support-us/donate/> today to save a life.*

I believe they need to pull money out, deposit to their bank account, and then make a gift to you. Donations to a gofundme are not tax deductible donations. They are donations to an individual. Aaron Aaron Forrest CPA Senior Director Gift and Donor Services University of Rochester Office of Advancement Larry and Cindy Bloch Alumni and Advancement Center 300 East River Road Rochester NY 14627 Office 585.275.2799 / Fax 585-273-4558 Email aaron.forrest@rochester.edu [Description: Description: Description: cid:image001.gif@01C92E92.3629C5E0] <http://www.rochester.edu/> P Please consider the environment before printing this email. Confidentiality Notice: This message, including attachments may contain confidential information. Any unauthorized use, disclosure or distribution is prohibited. From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Liz Arizpe Sent: Tuesday, April 9, 2019 10:38 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] GoFundMe Does anyone have experience with a GoFundMe account. I have a donor that set up a GoFundMe account and now wants to transfer the fund to us. Is that how the funds come by transfer or check?? Thanks Liz -- Liz Arizpe Director of Advancement Services Valparaiso University Advancement 1100 Campus Drive South Valparaiso, IN 46383 (Phone) 219-464-5610 The information contained in this communication is confidential and is intended only for use by the addressee(s). Unauthorized review, use, disclosure or copying of this communication, or any part thereof, is strictly prohibited. If you have received this communication in error, please notify us immediately by return email and destroy this communication and all copies thereof, including all attachments.

We have only had this happen once and the donor was instructed to make a gift to our Foundation via check. Donations to GoFundMe are not tax deductible donations. Loren Thouvenot Murphy Sr. Director, Strategic Initiatives University of South Carolina Division of Development 1600 Hampton Street, 736O Columbia, SC 29208 LLTHOUV@mailbox.sc.edu 803.777.4434 (office) • 803.920.9918 (cell) • 803.777.9708 (fax) From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Liz Arizpe Sent: Tuesday, April 9, 2019 10:38 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [FUNDSVCS] GoFundMe Does anyone have experience with a GoFundMe account. I have a donor that set up a GoFundMe account and now wants to transfer the fund to us. Is that how the funds come by transfer or check?? Thanks Liz -- Liz Arizpe Director of Advancement Services Valparaiso University Advancement 1100 Campus Drive South Valparaiso, IN 46383 (Phone) 219-464-5610 The information contained in this communication is confidential and is intended only for use by the addressee(s). Unauthorized review, use, disclosure or copying of this communication, or any part thereof, is strictly prohibited. If you have received this communication in error, please notify us immediately by return email and destroy this communication and all copies thereof, including all attachments.