Funds donated to your Certified Charity campaign are made directly to PayPal Giving Fund, a 501(c)(3) charitable organisation. PayPal Giving Fund will then deliver funds to your organisation's PayPal account on a monthly basis if they are enrolled. If they are not yet enrolled, they will regularly contact the organisation with instructions on how to receive the funds.
In order for organisations to receive these deposits, a financial administrator must enrol with PayPal Giving Fund using these steps:
- Log in to the organisation's Business PayPal account. If your organisation does not already have a business account established, they can set that up here.
- Visit this link and follow the prompts to confirm your charity status within your PayPal account if it has not already been confirmed. PayPal will confirm your charity status within three business days and will notify you of this via email.
- Once your charity status has been confirmed, you will need to finish the enrolment process by clicking this link and following the instructions on the short form.
Once this process is complete, PayPal Giving Fund, will process enrolment within 24 hours. If your organisation was not already on their list (pulled from Guidestar), it will be added once enrolment is complete.
After the deduction of applicable GoFundMe platform and payment processing fees, PayPal Giving Fund delivers the funds to the charity's PayPal account on a monthly basis, around the 25th. Money donated in a given month is sent to the organisation the following month. For example, donations received in the month of January will be delivered to the organisation's PayPal account around the 25th of February. This payment will include all donations we have received from your donors by the 15th of the month.
After the funds are in the organisation's PayPal account, the organisation can withdraw them normally, which typically takes 2-5 business days.