$

138

in received donations to SocialFund.org's operational budget. Thank you for your support!

About Social Fund

Social Fund was designed to bring people together for charitable giving. Instead of building the site around specific charities, issue areas, campaigns or events, we chose to focus on groups of people. Groups made up of family, friends, work colleagues, classmates—people who usually have a social bond with one another. When we give together as groups, these bonds are deepened and we’re often compelled to give more.

SocialFund.org was launched in 2012 after being in development for several years. The site is manned by volunteers in several countries, including the U.S., Qatar, the United Kingdom, and South Korea. You can read more about the people behind the Social Fund here.

If you're interested in helping us out, please send us an e-mail at admin@thesocialfund.org along with your interests and resume. We are particularly interested in people who can help us reach out to new groups (college students, faith communities, etc.) and folks who can provide us with video content. We are not able to provide any payment for services rendered. 

Our Funding Model

When a grant is approved by a social fund, 100% of the grant amount goes to the selected charity.

Here's how our funding model works: when you make a donation, you will see how much of it is going to credit card processing fees. Our payment processor Stripe takes 2.9% + $.30 of the donation amount before sending the money to us--the rest is immediately added to the balance of the social fund you are donating to. When an organization or project is approved for a grant, the amount is deducted from your fund's balance. That's it! No hidden fees.

We will begin charging a 5% fulfillment fee on June 1, 2014. The fulfillment fee will not be deducted from users themselves, but rather the collective pot. This fee will help us cover the administrative burden created by each nomination, including due diligence checks on organizations to ensure they are IRS and USA PATRIOT Act compliant. We will also use this revenue to improve and expand our site.

A 5% fee is a very low rate compared to other charity fundraising websites. Other sites will take this fee from the donation itself, usually in the form of a grant which they retain. We will be adding the fee on top of the donation amount (kind of like a tax) in order to help grantees meet 100% of their needs, not 95% of them.

Social Fund, Inc. is recognized by the U.S. government as a 170(b)(1)(A)(vi) tax-exempt organization as defined in Sections 501(c)(3) of the Internal Revenue Code of 1986. The IRS granted tax exempt status retroactive to the date of our incorporation (April 15, 2012).

You can view our Form 990 and supplementary financial statements for 2012 here.

We depend on support from people like you. Running a site like this costs a pretty penny, so please consider helping us expand our operations!

Donate

A special shout-out to Emre Rende for allowing us to use some of his photos on our Facebook page. Finally, thanks to WebrMedia.com for helping to make this site come to life.

 

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