Facebook Non-Profit Fundraising

Fees:

Donations on Facebook to US-based charitable organizations aren't currently assessed a fee by Facebook. Keep in mind that a small fee may be applied by a third-party payment processor. This fee waiver also doesn't cover donations that are made off of Facebook.

For donations made to personal cause fundraisers in the United States, 6.9% + $.30 of the donation goes to payment processing fees, fundraiser vetting and fraud prevention.

If a donation is made to a Facebook fundraiser that's linked to a campaign on a nonprofit's website, the fees charged depend on the nonprofit's payment processor.

To qualify for Facebook fundraising and donation tools, a charitable organization will be required to meet the following criteria:

·        U.S.-based charities must be a 501(c)(3) organization, registered with the IRS, have a tax ID number and have a bank account registered with a licensed financial services institution.

A charitable organization will also be required to provide the following information during the sign-up process for Facebook payments:

• Date of birth and address of the charity's CEO or executive director.
• Bank account details including bank name, bank account holder's name (organization's name), a legible and official bank letter or statement dated within the last 3 months, SWIFT Code and bank IBAN number.
• 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 USD, €100 or £100, 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 the charitable organization isn't registered with Facebook Payments, any donations received are distributed through the 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.