We Pledge Inc. is a registered charitable 501(c)(3) organization, based in New York City, with a global mission to revolutionize charitable giving by:
- 1) Eliminating transaction fees
- 2) Ensuring that 100% of donated funds go towards its intended purpose
We coined the phrase, "Honest Charity", simply defined as a charity where ALL the donated money goes to its intended purpose. That's not to suggest that charities with overhead, fund raising costs, or the like are dishonest. Rather, it's a metric of what percentage of donations have gone where the donor intended.
For example, GoFundMe charges 7.9% + $0.30 per transaction. Donors Choose incurs a 2.5% credit card transaction fee and requests an optional 15% fee. Any online donation on a charitable organizations website will likely incur a processing fee of 2.9% + $0.30 per transaction.
Furthermore, once the funds are received, there is no guarantee as to how that money will be spent.
We solve both problems by requiring that all donations be made towards the purchase of specific items requested by recipient. By purchasing the items, we can guarantee how the funds were used and cover all transaction fees through commissions from the merchant.
Our charitable status also means we don't need to pay sales taxes in many districts nationwide.
This method will not work for everyone. Organizations needing money to cover salaries, overhead, construction, etc. will need cash. However, for those who require funds for the purchase of specific items, nothing beats free.
Furthermore, a portion of our merchant commissions will go towards supplementing the original donations. That means verified organizations will receive a check equal to 2% of donations from We Pledge.
That means verified organizations will receive 102% of donated funds, which could be 5-20% higher than the amount raised through other online means.
All charitable donations through We Pledge also receive an automated email receipt for tax filings.