[Board] Next steps re accepting donations

[Goben, Anna]

Looks to me like the Giving Fund option would be ideal for recurring, long-term giving/fund-raising over time, but I agree that any immediate assistance with our situation would be best served by the initial donation form.  I'm not crazy about Paypal getting to decide if we're still a worthy charity (I presume that depends on maintaining our status on the other charity trackers and with the IRS), but since it appears they would notify the donor to identify an alternate option, that's not as unreasonable as I initially thought as they could choose another path to donate if desired.

Thanks for keeping up with all this!  I know it's been a constant stream of work/notices for the last few weeks!

-Anna


Anna Goben

Evergreen Indiana Coordinator

Indiana State Library

140 N. Senate Ave.

Indianapolis, IN 46204

Telephone: 317-234-6624

Fax: 317-262-3713

________________________________
From: Board <board-bounces at list.evergreen-ils.org> on behalf of Galen Charlton <gmc at equinoxinitiative.org>
Sent: Thursday, October 22, 2020 10:35 AM
To: EOB-public <board at list.evergreen-ils.org>
Subject: Re: [Board] Next steps re accepting donations

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Hi,

On Mon, Oct 19, 2020 at 9:43 AM Galen Charlton <gmc at equinoxinitiative.org<mailto:gmc at equinoxinitiative.org>> wrote:
Our application to become a "Confirmed Charity" has been approved. PayPal will now automatically consider whether to enroll us in the PayPal Giving Fund, and the confirmed charity status will make it possible for us to enroll with GoFundMe Charity should we choose to pursue that option for specific fundraising campaigns.

We are now registered with the PayPal Giving Fund, and we now have a fundraising page here:

https://www.paypal.com/us/fundraiser/charity/4106223

There are some tradeoffs involved with choosing to use the PayPal Giving Fund versus the PayPal donation form I created a few days ago:

PayPal Giving
-------------------
pro: PayPal covers the transaction fees
pro: PayPal sends the donation receipt
con: Funds are not available immediately. Instead, funds are deposited into our PayPal account monthly and thus can take 15-45 days to show up after the donation
con: Disbursements to charities are at PayPal's discretion, so they could choose to redirect donations for various reason
con: There is no option to set up a recurring donation through this form

Donation form
-------------------
pro: Funds are available immediately
pro: Funds go directly to us, although of course we're always subject to a donor deciding to change their mind and challenge a donation in a way that might disrupt our PayPal account
pro: The donation form allows the donor to easily set up a monthly recurring donation
con: While while PayPal does of course generate a receipt when the donation is made, we still have to ensure that we send out tax receipts as well with the appropriate language
con: PayPal charges us transaction fees

For the short term, I think we should direct people to the donation form. Longer-term, the PayPal Giving form would be suitable for campaigns where somebody wishes to pay via PayPal or credit card but where we don't need quick availability of the funds.

By the way, I supplied the "About This Charity" text on the Giving form, so suggested edits are welcome.

Regards,

Galen
--
Galen Charlton
Implementation and Services Manager
Equinox Open Library Initiative
phone:  1-877-OPEN-ILS (673-6457)
email:  gmc at equinoxInitiative.org
web:  https://equinoxInitiative.org<https://protect2.fireeye.com/v1/url?k=3442e800-6af275ae-3446a100-86e696e30194-4a0f2d40ce25d9c4&q=1&e=11a97637-906f-4119-bd89-9df6bba3148b&u=https%3A%2F%2Fequinoxinitiative.org%2F>
direct: +1 770-709-5581
cell:   +1 404-984-4366
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