Why is the Giving Basket check not for the full value of the donations received?
This FAQ addresses Give Lively’s role in processing donations through Charity Navigator’s Giving Basket and may not apply to all Give Lively members.
The lump-sum check is for the net value of one or more recent contributions directed to your organization via the Giving Basket.
This means the check amount includes the donations received through the Giving Basket minus the following:
- third-party payment processing fees deducted by Stripe and/or PayPal (if not covered by donor), as detailed in the Giving Basket donor data
- a $0.92 check processing fee per monthly check: this is subtracted from the lump-sum check, applied proportionally across all donations included in the check (see the “Fractional Disbursement Fee” column in your CSV export of donor data).
Ready for direct deposits, not checks? Learn how you can receive future Giving Basket payments via automatic transfers.