Charitable Impact doesn't charge sign-up or transaction fees for Impact Accounts. And, when you give from your Impact Account, more money can get to charities.
Banks and credit card companies charge charities, including Charitable Impact, a fee to process donations.
Charitable Impact doesn't set or benefit from processing fees, but we do recover them. When you add money to your Impact Account, the bank or credit card company charges a fee to Charitable Impact to process the transaction. Later, when you give to charities, the charity receives your gift minus the processing fee charged to Charitable Impact by the bank or credit card company.
The processing fee we recover from gifts is often lower than what a charity would pay for their own bank or credit card company to process gifts from donors.
Because of the large number of people using Charitable Impact to give, we're able to negotiate lower processing fees with banks and credit card companies. This means more money can end up in the hands of charities when you give from your Impact Account.
You'll receive a tax receipt for 100% of the amount you add to your Impact Account.
You'll see the specific processing fee charged by banks and credit card companies when you send gifts to charities from your Impact Account. This fee is often lower than what the charity would pay their own bank or credit card processor to accept a gift directly from a donor.
Processing fees vary depending on the payment method originally used to add the money you're giving. The most common way of adding money to an Impact Account is by credit card, and the fee set by Charitable Impact's credit card processor is 2.8%—lower than most other charity websites.Learn more about fees
Invest and grow donations to increase your impact by opening a Charitable Investment Account.
When paired with the benefits of an Impact Account for your day-to-day giving, a Charitable Investment account offers strategic and cost-effective management of charitable assets over a longer period. This means assets can potentially grow over time so you have more to give away.Contact us about the Charitable Investment Account