Our policies & practices

Goodstack Donation Delivery Policy

Effective Date: November 15, 2024

Donation policy

All donations made via Goodstack partner programs are delivered exclusively to the relevant registered nonprofit foundation (as highlighted at the point of donation):

• Intelligent Foundation (registered with the Charity Commission for England and Wales, Registration Number 1192508),

• Intelligent Foundation (registered with the Australian Charities and Not-for-profits Commission, ABN 48156978613); or

• Percent Impact Foundation (registered with the U.S. Internal Revenue Service, Federal Tax ID: 87-3165286)

(each a “Foundation” and collectively, the “Foundations”) with each donor recommending a charitable organisation (as defined by applicable law) (each, a “Charity”) to which the donor wishes funds to be granted.

Goodstack works with the Foundations to collect and grant donations made via Goodstack partner programs in the most tax effective manner based on the donor’s original donation currency.

All donations are made to the respective Foundation, and the application of the donation for charitable purposes is at the discretion of the Foundation. However, subject to the completion of satisfactory due diligence, the Foundation will seek where possible to make grants in accordance with donor recommendations.

The schedule of disbursing donations to recommended Charities depends on whether the Charity has registered with Goodstack to receive regular disbursements through bank transfer.

Claimed Charities

If the recommended Charity has registered with Goodstack to receive payouts, grants due to the Charity will be disbursed (net any applicable fees) on a monthly basis so long as the payout has reached the minimum disbursement amount. If the recommended Charity has signed up with Goodstack and provided verified bank details, any funds due will be delivered via bank transfer into the account registered by the Charity and verified by Goodstack.

If aggregated donations do not meet the minimum disbursement amount, funds are held until they equal the threshold. However, if after twelve months funds are still being held, the Foundation will disburse all pending donations to the Charity regardless of whether the minimum disbursement amount has been met.

Aggregating payments and setting a minimum threshold reduces the administrative burden for Charities. In addition, claimed Charities can review donation reporting in their cause dashboard, accessible via Goodstack.

Unclaimed Charities

Donors on occasion may also have the option to recommend funds to be granted to Charities not yet registered with Goodstack to receive payouts. In these instances, the Charity information is drawn from publicly available databases from Charity country regulators, such as the Charity Commission of England and Wales or Australian Charities for Not-for-profits Commission.

Every effort is made to register unclaimed Charity, so that the Foundation can make grant disbursements per the donor’s recommendation. Specifically, Goodstack contacts all unclaimed Charities due funds (above the minimum disbursement amount), asking them to onboard with Goodstack to receive funds swiftly and securely into their bank account.

If after repeated attempts to contact a Charity, typically over a 30-day period, the Charity does not complete the onboarding process, Goodstack will attempt to deliver the funds through alternative methods, such as by cheque. In the event that alternative methods of delivery are unsuccessful, we may then reassign funds based on the Undeliverable Donation Policy.

To receive funds from the Foundation, all benefiting charities need to pass rigorous due diligence checks, including governance and reputational verifications, to ensure only legitimate Charities entities receive grants.