Have questions? Find answers here.
- How are the charities selected?
Their listing recognizes the charities' effectiveness and impact on their respective communities. Interest for Others relies on charities' established reputation, publicly available ratings, and interviews with officers, staff and disinterested persons. The listed charities will change to provide wider choice in later phases of the Interest for Others program's operation. A condition of listing is each participating charity's willingness to inform its donor base and other constituents about use of the program, and otherwise identify with Interest for Others and the program in advertising and other communications. Over time, Interest for Others intends to expand nationwide, using similar selection criteria.
- Will other charities be listed in the future?
The list of charities is subject to change, depending on the public's response to each organization's appeal, the charities' demonstrated effort promoting the Interest for Others program, and recommendations from program users. Additions to the list are likely after the program develops more capacity in staff and other resources.
- How are listed charities' locations determined?
Interest for Others was founded with a primary purpose of benefiting local charities, which often lack fund raising capability and need additional exposure to publicize their achievements. Additionally, proceeds from the Interest for Others program can be more meaningful for them than for national charities. As a Minnesota start-up nonprofit, Interest for Others chose to launch its program and concept where it can most capably investigate and qualify local charities. After the program demonstrates success, charities in other states will be added to it, but only when local charity selection there can be done prudently, using appropriate screening. Finally, Interest for Others depends on active participation by listed charities, with follow-up required to maintain relationships which benefit them and achieve maximum donor participation.
- How can I change or cancel a recurring donation?
To change the amount or frequency, or to cancel a recurring donation, please email the details of your current donation and requested change to: email@example.com. Donors' instructions will be followed promptly.
- Why is $5.00 the minimum donation?
Each charitable contribution using the program requires Interest for Others to pay a minimum third party payment processing fee. Contributions of less than $5 are uneconomical, because for lesser contributions the fee is disproportionate to the benefit obtained.
- How are funds handled?
Donations are initially paid to Interest for Others, and are irrevocable. Interest for Others collects, aggregates, and disburses them to listed 501(c)(3) tax exempt charities without deduction for payment processing fees, overhead, or other charges. Disbursements by Interest for Others occur in increments of $500, and at year end, as requested by charities. Donors' choice will be honored in good faith. However, in some circumstances such as a charity losing its tax exempt status, closing, merging with another charity, being de-listed, or otherwise becoming ineligible, Interest for Others may exercise discretion and pay another listed charity.
- How is Interest for Others able to pay 100% of a donation to the charity of my choice?
Interest for Others does not pass along any fees on donations under $50 to any of the charities. A founding principle of Interest for Others is to operate its program and raise funds for charities at no cost to them within a limit that is sustainable for the organization. As a result, 100% of each donation under $50 is made available for the charity's mission. Interest for Others covers all of the fees for these transactions and has depended on support from individuals, organizations, and financial institutions to fund its infrastructure development and operations. One bank has been a major financial supporter in the development phase of the program.
- How can I encourage others to donate through Interest for Others?
Success of the Interest for Others model to greatly increase charitable giving depends on large numbers of website visits and many individual donations. The program funds are used to cover processing fees so they are not passed on to the charities, which leaves little budget for marketing expenses to help spread the Interest for Others movement. Therefore, Interest for Others needs person-to-person, word-of-mouth marketing and promotion to reach donors' family, friends, work associates, and the sizable audience needed to achieve maximum program usage. Donors can tell the Interest for Others story on social media, by obtaining press coverage, and by encouraging others to view the website.