#Pledge #Giving #Platform #Launches #Worlds #Free
Venice, CA, Oct. 19, 2022 (GLOBE NEWSWIRE) — Pledge, the all-in-one fundraising platform, today announced a first-of-its-kind “Free the Fee” initiative that will unlock billions of dollars in funding to nonprofits by eliminating credit card fees charged to charities. Pledge will pay for credit card fees, typically charged to either donors or nonprofits, for all donations made through its platform, up to donations of $1,000.
Every year, charitable organizations lose millions in important funding that comes from a donor’s pocket and goes directly to credit card and processing fees. In 2021 alone, individual giving in the United States was estimated at $326 billion– yet an average of 3% of those donations never reached nonprofits, resulting in an estimated $10 billion dollars lost annually. The “Free the Fee” initiative addresses this nationwide problem by putting necessary funding back into the hands of those that need it most.
The initiative will be accessible to everyone and is immediately available via the following Pledge fundraising products: online fundraisers, donation forms embedded on websites, as well as Zoom Fundraisers powered by the Donations by Pledge app. Pledge has the largest nonprofit database in the industry, which includes over 2+ million registered nonprofits and 501(c)(3) charitable organizations operating in over 120 countries around the world. With $10 billion dollars of new funding to nonprofits, Pledge’s industry-first could help to fight climate change by planting 10 billion trees, making a serious dent in global hunger by providing tens of millions of meals to the 10% of humans who experience hunger globally, and other world-changing outcomes that would significantly better our communities and our planet.
“There’s never been a more urgent time in our planet’s history than now to provide additional funding to nonprofits creating solutions to society’s greatest challenges,” said James Citron, CEO…