Contributions by Credit Card
The Gay & Lesbian Fund of Vermont is
happy to accept contributions via credit card through our web site. To
make this service available, we have partnered with Network for Good.
Network for Good is an independent, 501(c)(3) nonprofit organization founded
in 2001 by the Time Warner Foundation and AOL, Inc.; the Cisco Foundation
and Cisco Systems, Inc.; and Yahoo! Inc. To learn more about Network for
Good, visit their website at: www.networkforgood.org.
How to make a contribution via credit card using Network
for Good:
- Click the 'Donate Now' button. You will be redirected to the
Network for Good website with the Gay & Lesbian Fund of Vermont
pre-selected as the receiving organization.
- Complete the information on the Network for Good website. NOTE:
If you wish us to direct your gift to a specific non-profit you
MUST complete the optional 'designation' field on the Network
for Good form AND you must select the option that permits Network
for Good to share your name and email address with us.
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IMPORTANT ADDITIONAL DETAILS TO NOTE WHEN USING A
CREDIT CARD:
- The entire amount you give via Network for Good is
tax-deductible. However, Network for Good deducts a 4.75% fee
for every transaction made. The Gay & Lesbian Fund will receive
4.75% less than the amount you enter unless you take advantage of an
option Network for Good provides of 'adding' the processing fee to your
transaction. (You will see this option as part of the process.) Because
the Gay & Lesbian Fund cannot afford to absorb these additional
fees, we will pass on to your intended non-profit recipient ONLY the
amount we receive from Network for Good. Your credit card gift will
continue to be subject to our $5 fee per gift transaction. (Remember:
A $50 donation to the Fund waives the $5 fee on ALL transactions in
a calendar year.)
Example: A credit card gift of $100 made through Network for Good
will be levied a 4.75% transaction fee. Unless you take advantage of
the option to add the processing fee to your transaction, the GLFund
will receive $95.25. If your gift is directed to only a single non-profit,
we will deduct a single $5 transaction fee. $90.25 will be directed
to your intended charity.
- Your credit card statement will list Network for
Good instead of the individual charities you donated to because
your donations are being processed by the Network for Good Giving System.
- As your single gift will have been acknowledged in
some form by Network for Good, the Gay & Lesbian Fund and possibly
the organization that ultimately receives the contribution as well,
you will want to be sure to deduct this money only once on your taxes.
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