What you’ll pay

Fees

If your project has a charitable purpose and wants to operate under the umbrella of a registered charity, Gift Collective charges an 8% fee on all funds as they come in.

Collectives pay this percentage of funds raised to help cover the costs of providing our services like admin, expert charity vetting, user support, legal, accounting, use of the Open Collective software platform and everything else required to run our service. Our own budget is tracked transparently too!

We have to do enhanced assessment, monitoring, and reporting on the financial activities of Gift Collective charity projects, to ensure everything is done by the book to comply with the regulations charities operate under.

It’s worth it for projects who want to offer donation tax credits to funders or need to have a registered charity entity be their fund holder for a grant.

Other fees

We don’t charge any extra fees, however there are credit card and banking fees. There are credit card processing fees of 2.9% charged on any incoming credit card donations. There is also a $0.76 fee on each outgoing transaction (note this is more for international payments).

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How do we compare?

Crowdfunding standard fees are between 5-7% (plus credit card processing fees), but they don’t provide fundholding. The standard fee for fundholding is ~10% (it varies a lot), but they don’t provide crowdfunding or a tech platform. So we think our prices are pretty sweet!

FAQs

Got any pātai?

Who is the Gift Collective for?

A lot of groups are already using the Gift Collective in Aotearoa  in fact there are over 80 groups now! What they have in common is being collectively organised, valuing transparency, and needing to get up and running quickly without getting bogged down in paperwork and admin.

What is a collective?

In our language, your rōpu or group is a collective. You collectively organise and have a social good purpose. You’re maybe just one person, or a group – but you all want to do something charitable. 

What are your acceptance criteria?

To be accepted into the Gift Collective whānau, your initiative must be focussed on a charitable purpose in Aotearoa New Zealand. The Gift Collective team will assess each application submitted against the criteria below. We’ll let you know if we have more questions or if your application has been successful.

Your activities must:

  • Have a charitable purpose, according to New Zealand law¹ which includes:
    • the relief of poverty,
    • the advancement of education, or
    • any other purpose beneficial to the community.
  • Be based in and be of benefit to New Zealand².
  • Provide a public benefit, and none of your activities can have a private benefit or provide profit to any individual.
  • Not provide support for political campaigns, candidates, or to support purely lobbying activity.³
  • The Gift Collective will not accept recipients that it believes, in its sole discretion, are supporting or engaging in hate speech or hateful activities, whether online or offline.⁴  
  1. For more information on what is considered charitable, see this info from Charities Services.
  2. Expenses cannot be paid internationally, unless express advance written approval is given by the Gift Collective.
  3. A limited amount of lobbying can be classed as a charitable activity; we use the Charities Services definition.
  4. ‘Hateful activities’ means inciting or engaging in violence, intimidation, harassment, threats or defamation, or targeting an individual or group based on race, colour, religion, national origin, ethnicity, immigration status, gender, sexual orientation, or disability.  
Is this the same as registering as a charity?

No, it is not. By registering with Gift Collective, you get to sit within our charitable entity, making you eligible to apply for charitable grants. This doesn’t mean, though, that you are a charity in your own right.

Do I have to put my whole kaupapa under Gift Collective or can I sign up just to cover a portion of my mahi?

It is perfectly acceptable to sign up to Gift Collective for a portion of your work only. We can only accept charitable work, and expenses related to this. Some groups may choose to keep their business separate from their charitable arm, and run their charity work through us.

What do I get if I sign up?

Essentially three key things: 

  1. A fundholder, a legal entity with a bank account, through which you can engage as a group, so you don’t need to manage your Collective’s funds personally or incorporate a new legal entity. 
  2. The ability to apply for grants and funding by sitting under the Gift Collective’s umbrella.
  3. A tech platform to help your Collective thrive, with features like crowdfunding, transparent budget tracking, and community engagement tools. 
Do I need to charge GST on funds I raise?

It depends. Unconditional donations – where nothing specific is given in return – do not attract GST. Conditional payment – where the buyer gets something in return, like membership, a product, service, or event ticket – may attract GST. Our platform is set up for both scenarios.

Will you help me get funding?

We are a fundholder only, so we can’t apply for grants or shoulder tap donors for you. We can, however, provide support letters for your grant applications. We also provide a funding guide and hold webinars that cover tips and tricks for funding applications.

The good news is that by sitting under our charitable umbrella, you open yourself up to more funding options.

If I’ve applied to Charities Services and have been rejected, can I still sign up with you?

No, if Charities Services doesn’t think your mahi meets charitable purpose, then we won’t either. To meet our criteria your mahi must be charitable.

Which grant makers or funders have given grants through Gift Collective?

A diverse range of funders have given to Collectives sitting under our umbrella – individuals, community foundations, city councils, family foundations and government organisations. These include DIA Lotteries, Spark Foundation, One NZ, Tindall Foundation, J R McKenzie Trust and Wellington Community Fund.

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Contact

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