What campaign type should I choose, Personal or Charity?
wisecrowdfunding has two different campaign types to choose from: Personal or Charity campaigns. Here’s a quick look at the differences between the two:
Personal Campaigns
Personal campaigns are the most common campaign type on wisecrowdfunding. You can raise money for just about anything and withdraw the funds personally, or choose to send the funds directly to a beneficiary. There’s no timeline or restrictions on how long you run a Personal campaign, and you can withdraw the funds at any time.
Employees of an organization can also start a personal campaign and use the organization’s EIN to withdraw directly to the organization’s bank account if they are authorized and have permission to do so.
Learn more about how to send funds directly to an organization here.
How do I send the funds directly to an organization? (US)
By default, all wisecrowdfunding campaigns are set up for an individual to withdraw the funds.
We can also help you withdraw your funds on behalf of an organization (ensuring you avoid any personal tax liability), but only if you are directly affiliated with the organization you want to send money to.
For example:
You work for a non-profit, school, or business and need to withdraw directly into your organization’s bank account (or send a check to their address) – You can withdraw as an organization.
You started a campaign for a charity (such as the Red Cross) you’d like to support but don’t work for, or raised donations to pay a third party such as a veterinarian’s office or funeral home – You must withdraw the money yourself.
If you fall into the first example, click here and our team will assist you in setting this up.
Otherwise, proceed with withdrawing the donations to your own bank account and delivering them to the organization outside of wisecrowdfunding.
Still can’t find your answer? Click here to ask our Customer Service team directly!
Charity Campaigns
Charity campaigns can be created only by employees and/or associated members of the charity (officers, etc) that have authorization to accept funds on the charity’s behalf. Donations made to Charity campaigns are deposited directly to the charity’s bank account and donors will automatically receive a tax-deductible receipt.
Learn more about Certified Charity campaigns here.
How do Certified Charity campaigns work?
In order to create a wisecrowdfunding Charity campaign, you must choose a registered 501(c)(3) in which you have legal authorization to establish and account in th charity’s name and that you are authorized to accept and transfer funds on their behalf.
After you have setup the charity account. when donors make a payment to your Certified Charity campaign, they’ll automatically receive a donation tax receipt by email from Stripe Giving Fund.
How do I send the funds to someone else?
If you’d like to raise money for someone else and are located in the US, you must first make sure your beneficiary is a US citizen, at least 18 years of age, and has a US mailing address, phone number, and bank account.
To get started, create your wisecrowdfunding campaign here: www.wisecrowdfunding.com/dashboard/
When you are finished creating your account, and have received donations, you may then withdraw the funds in your name to your personal bank account. Thereafter, you may transfer/send the funds to the beneficiary associated with your campaign promise.
Do any campaigns have deadlines?
For Personal and Charity campaigns, there are no time limits or deadlines. You can keep your campaign active until you are ready to end your campaign.
Is my donation tax-deductible?
Donations made to wisecrowdfunding Personal campaigns are generally considered to be personal gifts and are not guaranteed to be tax-deductible. You can always check with a tax professional to be sure.
Only donations made to wisecrowdfunding Charity campaigns (valid for US registered 501(c)(3) charitable organizations only), are tax-deductible and will receive tax-deductible receipts automatically from the charity.
How do I know if I donated to a Charity campaign?
If you donated to a Charity campaign, you should’ve received a tax-deductible receipt from the specific charity.
Most campaigns are Personal campaigns. You should consult with a tax professional in your area to see if your donation is eligible to claim as a tax deduction.
How do I withdraw my money?
If you have already set up and activated your Stripe account at inception as recommended, you simply login to your wisecrowdfunding account or Stripe account and your funds are already deposited there. While in your Stripe account you simply click on the ‘Withdraw money’ option and the funds will be sent to your bank account.
Please follow the steps below if you have not previously entered your banking information, according to your location and the type of device you’re using.
Desktop device:
- Sign in at https:/ /wisecrowdfunding.com/dashboard/
- Click the ‘Withdraw’ button at the top of your wisecrowdfunding Dashboard
- Click ‘Continue’ in the window that appears
- Log in to your Stripe account at this step. If you can’t remember your password, you can reset it here: http://dashboard.stripe.com/register
- Enter your bank account information
Mobile device:
- Sign in to your wisecrowdfunding account
2. Tap the ‘Menu’ button in the top-left corner of the screen (button with 3 lines)
3. Tap the ‘Withdraw Money’’ option
4. Select ‘Switch to Desktop Mode’
5. Click ‘Continue’ in the window that appears
6. Log in to your Stripe account at this step. If you can’t remember your password, you can reset it here: http://dashboard.stripe.com/register
7. Enter your bank account information
Is there a minimum donation amount?
Is there a minimum donation amount?
The minimum amount a donor can make to your campaign is $5.
Common Questions
Learn more about wisecrowdfunding and how it can help you fundraise.
Why wisecrowdfunding?
- Get Your Money Faster
- Get More of It
- Mobile-Friendly Campaign
- No penalties for missing goal
- No deadlines or goal requirement
- 24/7 Email Support
- Get every donation you receive today!
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