NPR – Donate Now Pay Later Fundraising Tool Launched
B Generous has launched Donate Now, Pay Later, a donor-focused fundraising loan tool that enables funders to designate philanthropic donations that are immediately given to a nonprofit, but paid for by the funder over time. For tax purposes, funders are given a receipt for the lump-sum donation.
Through the program, funders may make donations for as little as $75 up to $50,000. The funder or donor is not charged interest, costs or other fees while spreading out payments over three, six or nine months, according to information from B Generous. Donations are made via a widget that integrates with a nonprofit’s online presences. Read Here