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donations, fees, etc for future reference
Looking at this page, I wondered if donating via them would be easier or better than donating to multiple organizations individually:
Charity Navigator's Giving Basket
One of the benefits listed on the above page is "Competitive processing fee", which links to the following page:
Charity Navigator: Donation Processing Fees
That page says that Charity Navigator uses Network for Good as their "donation vendor", and
"Network for Good charges a 4.75% tax-deductible fee", which "is used to pay banks, credit card companies and other administrative costs."
and
"using Network for Good can save your favorite charity money because Network for Good's processing fees are relatively low. Many charities have to pay more to credit card companies."
But it seemed to me that 4.75% wasn't an especially low rate.
This page indicates much lower credit card transaction fees for charities:
Best Ways to Donate to Charity
By the way, it also indicates that debit card fees are much lower than credit card fees.
And by the way, this page indicates that for large donations, sending a check can be better than using a credit card:
Should I give to charity by check or credit card?
This page lists the same concerns as I had about the Network for Good fee amount, along with some clarifications/explanations from a NFG representative.
The GiveWell Blog: Network for what now?
This post is a follow-up to the prior one:
Network for Good roundup
The GiveWell site may be a useful resource, in general. Or at least worth looking at.
Charity Navigator's Giving Basket
One of the benefits listed on the above page is "Competitive processing fee", which links to the following page:
Charity Navigator: Donation Processing Fees
That page says that Charity Navigator uses Network for Good as their "donation vendor", and
"Network for Good charges a 4.75% tax-deductible fee", which "is used to pay banks, credit card companies and other administrative costs."
and
"using Network for Good can save your favorite charity money because Network for Good's processing fees are relatively low. Many charities have to pay more to credit card companies."
But it seemed to me that 4.75% wasn't an especially low rate.
This page indicates much lower credit card transaction fees for charities:
Best Ways to Donate to Charity
By the way, it also indicates that debit card fees are much lower than credit card fees.
And by the way, this page indicates that for large donations, sending a check can be better than using a credit card:
Should I give to charity by check or credit card?
This page lists the same concerns as I had about the Network for Good fee amount, along with some clarifications/explanations from a NFG representative.
The GiveWell Blog: Network for what now?
This post is a follow-up to the prior one:
Network for Good roundup
The GiveWell site may be a useful resource, in general. Or at least worth looking at.
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But yeah, the breakdown on those snacks does sound ridiculous. And if it is labelled specifically for charity, those numbers would turn me off too.
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