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EC GrapeApe

Joined: 01/01/2016 Posts: 5149
Likes: 5591

No one. What you’re dealing with here is effectively a donor advised fund

(Akin to NC Community Foundation or Triangle Community Foundation). I believe GFM uses the PayPal Giving Fund as their platform. PpGF is a charity in its own right.

What they do is accept and receipt the gift as PpGF, but then typically allocate the funds based on the donors request (hence the donor ADVISED fund name). These type of mass giving orgs typically either require the recipient orgs to register to accept to the funds or at a minimum confirm their status with the IRS.

There are few kickers here that folks need to be aware of though…… 1) I’m quite certain GFM takes their cut and I’m reasonably certain that PpGF gets their administrative cut as well (they have to confirm status, receipt, report, and distribute)….. so the nut that gets there is smaller than the one bag leaves your pocket. 2) These orgs have very specific, very rigid rules….. if they recipient org doesn’t jump through the hoops correctly, they won’t get paid. If that doesn’t happen, you may or may not ever know it (exactly what happens with the $ depends on the fine print the creator signed off on, it could either go into the PpGF general fund or be redirected….. but either way, you relinquish full control when you give them the money). 3) The amounts given from the DAF should not be formally attributed to any particular donor and/or used to satisfy any kind of pledge or giving requirement.(They are instead a charitable transfer from another 501(c)(3).).

Not intending to support or demean the effort at all with any comments above…… just simply sharing information from a perspective that operated in that world for a decade or so.

(In response to this post by turbopir8)

Posted: 09/23/2021 at 10:58AM


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