“Many charities find it extremely challenging to raise money in today’s economy. To help address these shortfalls, FundingNet offers (2) programs to help charities raise funds to support their mission.”
MATCHING PROGRAM”: FOR INITIAL AMOUNTS OVER $10M
- The Charity or sponsor deposits their funds (deposit account in a designated Top 20 Bank, in the name of the Charity, the Supporter, or the charity’s designated Fiduciary for the funds, with a FundingNet associate added as one of the signatories on the account).
- Over the course of the year we match the deposit amount with monthly payments of 8-1/3% per month.
- After 12 months the charity may continue with the program, or have their funds released and returned to the account of origin.
“BOND BASED PROGRAM”: FOR INITIAL AMOUNTS BETWEEN $1M AND $10M
- Charity or Sponsor pledges their funds to the bond (manner tbd between the charity and bond issuer, based on the transaction at hand)
- Minimum 18% interest guarantee for participants
- At the end of the year, the Bond group returns/releases their funds back to them.