Nonprofits

Can a nonprofit use crowdfunding?

Yes. Verified nonprofits on Pledzy pay a reduced 3% platform fee instead of 5%.

The detail

Nonprofits, congregations, schools and community groups all run reward campaigns — typically for a costed, visible project like a van, a kitchen, a repair or a season of a programme.

Because backers receive a reward, a pledge is generally not a tax-deductible charitable gift. Ask your accountant how to record it.

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