A look at Razoo’s disbursement process and what charitable fundraisers need to know about how funds are distributed
Razoo is a platform that makes it easy for anyone to raise money for causes that are important to them. We’ve taken the guesswork out of online charitable fundraising so all charitable fundraisers have to do is create a page, share it with their friends and social network, and rally support for their cause.
Funds are sent directly to the nonprofit organization
Here’s how it works: On the 10th and 25th of each month, the Razoo Foundation batches together donations made on Razoo and directly deposits donations made to the nonprofit, minus fees. (Find out more about Razoo’s fees here.) Funds from the first half of the previous month will be sent on the 10th of the following month, and donations from the end of the month will be sent on the 25th.
Nonprofit organizations must set up electronic funds transfer to receive the funds.
If the nonprofit has not set up electronic funds transfer, they will receive their disbursement via check, so we will still send the any money you raise — it just takes longer for them to receive the funds.
You do not have to do anything to “release” the funds you raise
We’ve got this! The Razoo Foundation disburses funds raised for a by nonprofits according to the schedule above, so you don’t need to contact us or doing anything to send the funds to the nonprofit. We take care of all of it!
The nonprofit does not have to wait for your fundraiser to end to collect the funds
We disburse funds on the 10th and 25th of each month if the nonprofit has signed up for direct deposit (or the 10th if they have not set up electronic funds transfer). So, even if your fundraiser is ongoing, the nonprofit you’ve chosen to fundraise for will receive funds each month. This way they can put the money you raise for their programs and service to use even if your fundraiser is still active!
The nonprofit will be able to tell which donations came from your fundraiser
Nonprofit organizations on Razoo have access to a detailed donations report when they claim their page. This report identifies the source of the donation, so even though their disbursement batches together all donations made to their organization through Razoo, they will be able to see which donations came through your page by looking at their report.
If you have any questions about how Razoo disburses funds raised through a charitable fundraiser, contact us at email@example.com.