3rd-Party Fundraising Tools
More ways to raise funds
Although receiving funds through the Open Collective platform is the swiftest, most direct & efficient way to receive funds, OCF’s hosted Collectives can also use some third-party tools to receive funds for their Collective.
- You must reach out to us if you would like to use one of these third-party platforms. We may already have an account on the platform, in which case we will help you get things set up. It will also speed up the process of getting the funds into your budget.
- Since you are part of Open Collective Foundation, funds will need to go directly to us, and then we’ll make sure they go into your Collective’s budget.
- Since moving funds from these sites into your balance is a manual process, and due to external platforms’ own unique disbursement processes, the funds will not reach you as quickly as those raised through Open Collective. There will likely be delays.
- Unless otherwise specified, we will batch donations arriving from 3rd-party platforms and disburse to your Collective 1x/month.
OCF offers limited support for integrating with 3rd party tools and apps.
The tools below have been used by Open Collective Foundation's Collectives in the past and are available for OCF's hosted groups.
- Benefits include:
- Fund-matching opportunities
- many companies use it as their giving portal
- Access to donors
- Collective becomes searchable on Benevity's website
- Credits are made into your Collective's budget 1x/month
Note: Benevity operates on a monthly disbursement model. All funds designated to your organization in a month are aggregated and issued in one payment at the end of the following month.
For example, all donations designated to your organization in November will be disbursed around the last week of December.
Also, the reporting tools from Benevity are fairly limited (cannot always view donor details/dates).
The following are not set up to work specifically with fiscally hosted projects and do not report where donated funds are meant to be allocated to. This means there will be delays in the funds arriving to your account, and you must inform us whenever these are used.
- 3.Due to Facebook's disbursement schedule, there could be a ~1 month delay in disbursement of raised funds to your Collective after the Facebook fundraiser has ended. Funds arrive from Facebook in batches, so it is unlikely OCF received your fundraising campaign's money all at once.❗
- Select OpenCollective Foundation as the beneficiary in order for your donors to receive tax-deductible status [recommended],
Since Collectives can receive and spend funds via PayPal from within the Open Collective platform, you should not set up an external PayPal account for receiving or spending funds. Please review our Outside Accounts Policy for more details.
OCF cannot direct funds received from Amazon Smile to specific hosted Collectives. Collectives should not use Amazon Smile to raise money for their work.
Unfortunately, Venmo, Cash App, and other similar services do not currently allow nonprofit accounts. Therefore, your Collective cannot send (or receive) funds from these sources directly through Open Collective.
In the situation where bank transfer and PayPal are not viable transfer methods, an individual on your team can send funds to the intended recipient via one of these services and then submit for reimbursement.
In the Reimbursement, make sure to include:
- the name of the indirect recipient of the funds and
- what they are using those funds for,
- if available, the receipt(s) for their activities,
- as well as the receipt from the service (e.g. Venmo) that you used to transfer them the funds.
- Not all apps/tools are suitable for fiscal sponsorship arrangements (e.g. they don't allow multiple groups to use the same EIN, they have limited reporting tools that don't indicate to us where funds should be allocated)
- The tool must have a good option for monitoring the contributions (e.g. a dashboard for OCF to review contributions; detailed monthly reports),
- in some cases, the collective can forward the reports to OCF on a regular basis
- The tool must batch raised funds and make transfers on a periodic basis (e.g. once a month); not with funds arriving 1-at-a-time
- The Collective must understand that there will be delays in getting these funds into their Open Collective account due to the manual processing, etc.