Facebook Fundraisers are a great tool to donate and collect money. No matter you are fundraising for a nonprofit or for your individual cause. Learn about other available fundraising platforms here.
Types of Fundraisers on Facebook:
So, there are two types of fundraisers on Facebook: Personal and Non-profit. Personal Fundraisers collect money for their own causes, for example, raising money for your little sister to have the opportunity to enter the university. Nonprofit fundraisers work with charities and raise money for their various causes.
The important difference between personal and nonprofit fundraisers is that you won’t be able to use personal fundraisers to raise money for a nonprofit. Hence, if you are going to raise money for a non-profit, be sure to create a non-profit fundraiser.
Personal Fundraisers:
Personal Fundraisers are not available in all countries. The list of countries you can find here. If you have found your country in the list of Personal Fundraisers, you can start a fundraiser to help personal causes as community projects, family funds, emergencies, etc. Check with approved categories on Facebook.
All the money raised during your personal fundraising campaign will be paid to the fundraiser’s creator, it also may have tax implications. Note that if you have created a personal fundraiser on Facebook, you’ll need to link your bank account to receive the money raised. Also, note that personal fundraisers are charged payment processing fees, which differ by country of your living.
To make a donation to a personal fundraiser, you should check that:
– Fundraising on Facebook is available in your country
-You enabled the payments option
-The currency of your donation is supported on Facebook and its payments partner
Non-profit Fundraisers:
If you live in a country where it is available to create non-profit fundraising, you can create fundraisers for charities. (Check your country here) The thing is non-profits don’t necessarily have to be registered with Facebook to receive money raised on this platform. Nevertheless, they have to meet several requirements.
The amount of money collected during the non-profit fundraiser is paid to the organization, can’t be paid to a specific individual. Facebook covers 100% of fees transferred to non-profit, so the whole sum goes to the non-profit organization.
There are three ways to donate to nonprofits on Facebook:
– Donation from a post published by the nonprofit organization’s Facebook Page or shared by someone who donated
– Donation directly from a charitable organization’s page
– Donation from a Facebook fundraiser
Also, if you want to know what are the best free tools for non-profits, you can read about them here.
Fees:
As said before, Facebook covers all fees for donations to charitable organizations. For personal fundraisers, there are payment processing fees, in some countries there also additional taxes.
A donation to a nonprofit on Facebook may be tax-deductible. Tax laws differ from country to country, so to determine whether a donation can be tax-deductible, you need to review the laws of your country. Donations to personal fundraisers aren’t usually tax-deductible.
After making a donation, you will receive a confirmation to the email listed on your Facebook account. This confirmation indicates that you’ve made this donation as a charitable contribution and that you’re not receiving any goods or services in return.
To sum up:
Facebook gives great opportunities for those who want to fundraise both for non-profits and for personal causes. However, before starting a campaign, you should check, whether they can be afforded in your country.
