Below are commonly asked questions about GiveClear and Donor Advised Funds (DAF's).
If you have any questions not listed here please contact us and we will be happy to answer any of your questions.
GiveClear Foundation is a 501(c)(3) nonprofit corporation incorporated in Washington D.C. It acts as a charitable grant making foundation, and as a sponsor of Donor Advised Funds. Your Giving Fund is held by GiveClear Foundation as a Donor Advised Fund.
You will be emailed a confirmation of your contribution as soon as your payment clears. You can then download a tax receipt at any time from your fund on the GiveClear website. For your convenience, we can give you a single, consolidated receipt for all of your contributions in a given tax year.
Your contribution is an irrevocable donation into your Giving Fund - this is why you are able to get a tax deduction at the time that you make your contribution. Any monies granted from your fund must be granted to a registered 501(c)(3) organization.
You can give to any 501(c)(3) public charity currently in good standing with the IRS. We provide a search of the IRS database of charities to make it easy for you identify the ones you want to give to.
GiveClear will also work with select foreign organizations that, in the sole discretion of GiveClear, are the equivalent of US public charities or conduct programs that would qualify as charitable or educational under US law. If you have a favorite charity abroad, and you do not find it in our search, contact us at email@example.com, and we can check it out for you.
You can choose to make any or all of your grants anonymously. If you choose to be anonymous, GiveClear Foundation will not share any information about you with the charity receiving the gift. Because all updates run through the GiveClear platform, you can still follow the progress of the gifts and stay anonymous to the charity.
While GiveClear exists to help more people give more money to more charities, we are a 501(c)3 ourselves.
So what does this mean? It means that we rely on the generosity of people like you, our donors! Some amazing people were generous enough to invest the seed money to get GiveClear started through a significant donation, but we need to keep moving forward, and that requires resources.
We charge small expense recovery amounts to Donor Advised Funds (DAFs) in order to administer the investment of these funds so they will grow and the Donors will have more money to allocate. However, these amounts do not cover all of our costs, and so we humbly ask that you would consider allocating a percentage of your overall GiveClear Giving Fund to us. If our donors gave an average of 3% of the amount of their contributions, this would supplement GiveClear's operations and help us to keep spreading the generosity to more people.
Will you invest in GiveClear Foundation? You many give to us like any other donation you make through the charity portal.
We have made it very easy to grant your contribution to a particular aspect of a charity, by adding a simple Note Field in the Dialogue box that opens as soon as you choose “Give Now” to a charity.
Have a recurring child sponsorship with a charity? Simply enter your sponsor child’s name (and ID number, if applicable) in the Note Field, and the charity will be directly notified when they receive the funds.