Funds donated to your Certified Charity campaign are made directly to PayPal Giving Fund, a 501(c)(3) charitable organization. PayPal Giving Fund will then grant funds to your organization's PayPal account on a monthly basis if they are enrolled. If they are not yet enrolled, PayPal Giving Fund will make multiple attempts to contact the organization with instructions on how to receive the funds.
In order for organizations to receive these funds via PayPal, a financial administrator must enroll with PayPal Giving Fund using these steps:
- Log in to the organization's Business PayPal account. If your organization doesn’t 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 hasn’t 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 enrollment process by clicking this link and following the instructions on the short form.
Once this process is complete, PayPal Giving Fund, will process your charity's enrollment within 24 hours. If your organization wasn't already on their list (pulled from Guidestar), it will be added once enrollment is complete.
After the deduction of applicable GoFundMe's platform and payment processing fees, PayPal Giving Fund grants 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 organization the following month. For example, donations received in the month of January would be delivered to the organization's PayPal account around the 25th of February. This payment will include all donations we received from your donors by the 15th of the month.
After the funds are in the organization's PayPal account, the organization can withdraw them normally, which typically takes 2-5 business days.