How do charity withdrawals work for you as a charity
All funds raised on a charity fundraiser will be sent to our payment partner, PayPal Giving Fund, who will process and deliver the funds directly to you. you will not be withdrawing the money directly on GoFundMe, and you do not have to worry about initiating withdrawals in your fundraiser or for fundraisers created on your behalf.
If you are not enrolled with PayPal Giving Fund or would prefer not to go through the process of enrolling, the funds will be sent to you by check after a 3-5 month verification process. If you are enrolled with PayPal Giving Fund, the money will be disbursed to your PayPal account at the end of each month.
We recommend enrolling with PayPal Giving Fund to receive funds quickly. You can find out more about PayPal Giving Fund and the steps to enroll here.
How do I withdraw if I do not work for the charity
If you are fundraising on behalf of the charity, you do not need to do anything else to make sure that the charity receives the money you’ve raised. PayPal Giving Fund will handle the delivery of the funds to your selected charity, either by mailing a check or depositing it in their PayPal account.
You will not have a withdrawal button on your charity fundraiser, since the funds will be handled by PayPal Giving Fund. Please note that you will not be notified when the funds are transferred to the charity.
You do not need to end your fundraiser for donations to be sent to the charity.
What is PayPal Giving Fund
PayPal Giving Fund is an IRS-registered 501(c)(3) public charity (Federal Tax ID: 45-0931286), A UK a registered charity (No. 1110538), a charity registered with the Canada Revenue Agency (BN: 812867752RR0001), and a Public Ancillary Fund and a charity registered with the Australian Charities and Not-for-profits Commission (ABN: 65 106 950 945).
PayPal Giving Fund uses PayPal technology to help people support their favorite charities online. PayPal Giving Fund receives donations through GoFundMe and other partner programs and makes grants to donors' recommended charities via charity fundraisers.
PayPal Giving Fund makes giving secure, easy, and reliable by:
- Ensuring that 100% of every donation reaches the donor’s chosen charity.
- Confirming that participating charities are tax-deductible and meet international standards restricting hate, violence, and intolerance.
- Managing the tax benefits of giving.
You can find out more about PayPal Giving Fund here. For charities, we recommend enrollment in PayPal Giving Fund so your organization can receive donations raised on GoFundMe as quickly as possible. To learn more about enrollment, please visit our charity fundraiser payouts article.