Facebook has made raising money for a cause you care about easier than ever before with their new fundraiser tab. After recently raising a total of $510 in a matter of 3 days, for my birthday, I realized that people were more inclined to donate money to a cause if they knew the person asking for the donation. All over the country people have been using their birthdays and other occasions as a reason to fund-raise for a cause close to home. Facebook makes supporting a charitable organization or personal fundraiser simple, by leading you through the process with an easy to understand step-by-step. Continue reading to get started today and see how easy fundraising for RTHC can be:
To create a fundraiser for a charitable organization click here or follow these steps:
- Click Fundraisers in the left menu of your News Feed
- Click Raise Money
- Select Nonprofit/Charity.
- Select a charitable organization, choose a cover photo and fill in the fundraiser details
- Click Create
To create a personal fundraiser for yourself, a friend on Facebook, someone not on Facebook or something not on Facebook click here or follow these steps:
- Click Fundraisers in the left menu of your News Feed.
- Click Raise Money.
- Select Yourself, Friend or Someone or something not on Facebook
- Select a category
- Add a cover photo and fill in details about your fundraiser
- Click Create
Keep in mind that you must be at least 18 years old to create a personal fundraiser.
You might also be wondering how he non-profits receive donations made on Facebook. When a charitable organization that is registered with Facebook Payments has reached the minimum donation payout amount, it becomes eligible for a payout, which occurs on a bi-weekly basis. The payout is an ACH/direct deposit to the organization’s bank account. If a charitable organization’s donations total hasn’t reached the minimum payout amount of $100 (if it’s based in the United States), €100 (if it’s based in Europe) or £100 (if it’s based in the United Kingdom), funds will roll over until the amount reaches the minimum amount and becomes eligible for the bi-weekly payout.
Payouts generally take 2 weeks to process. Funds donated between the 1st and 15th of a month will likely be paid out on the first day of the following month. Funds donated between the 16th and the end of the month will likely be paid between the 16th and 19th of the following month.
If a nonprofit isn’t registered with Facebook Payments, any donations it receives are distributed through Network for Good’s Donor Advised Fund. If the nonprofit is registered with the Network for Good, the funds are sent by electronic transfer. If the nonprofit isn’t registered with the Network for Good, a check is mailed to the organization. Donations are usually distributed a month and a half after the last date of the month in which the donations were made. For example, a donation made in January will be sent to the nonprofit on March 15.
Learn more about the Network for Good’s payout process.