Donor FAQ 2020
Q. What is Idaho Gives 2020?
Q. When is Idaho Gives 2020?
Idaho Gives is April 23-May 7th 2020 from 12:00 am MT (11:00 pm PT) April 23 to 11:59 pm MT (10:59 pm PT) May 7.
Q. Which organizations can participate?
Q. Who can donate?
Q. What is GiveGab?
GiveGab is an online giving platform that helps nonprofits raise money, engage donors, and manage volunteers quickly and efficiently. GiveGab offers a full portfolio of simple and easy-to-use products that allow organizations to function in a more streamlined manner.
Q. How will donations be distributed?
Each donation made to the nonprofit of your choosing will be disbursed directly from GiveGab via direct deposit within three business days.
Q. How much of my donation goes to the nonprofit?
100% of your donation will go to the nonprofit(s) of your choosing when you “cover the fees” at the end of the payment process.
This year, the “Technology and Processing Fee” is broken down as such:
- 2.2% + $.30 per credit card transaction
- 2% GiveGab fee, capped at $20 per transaction
- Total = 4.2% + $.30 per transaction
All donations will be officially receipted for tax purposes by GiveGab.
Q. What are the ACH fees for Idaho Gives 2020?
- Total for Plaid/ACH: 2% + $3.00 per transaction
- In 2017, the total fees were 6.7%. In 2016 the total fees were 8.9%
Note: GiveGab, makes it VERY easy for donors to cover these fees. Last year, more than 92% of donors covered these fees.
Q. How does the Plaid/ACH Payment work?
If you choose to pay using the ACH bank account payment option through processor Plaid, the donation minimum is $100, and there is a flat fee of $3.00 per transaction rather than a percentage. This makes the total transaction fees for Plaid bank account payment $3.00 plus the platform fee of 2% per transaction (capped at $20).
Q. Who will receive my contact information?
The organization(s) you support will have access to your name and email address. This information is used solely to send thank you messages, provide the option to receive future notifications, and to notify you of future activities.
You have the option to make your donation anonymous. Anonymous donations will be displayed as "Anonymous" on the organization's page. Organizations will still have access to your name and email address.
Some organizations may ask for your mailing address.
Q. Do I need to create an account with GiveGab?
No, you do not need to create an account to make a donation. The benefits of creating an account include: tax receipts collected in one location, ability to track your donations and follow the charities you support, and engage in future volunteering and donations. Your tax receipt is emailed immediately upon processing your donation(s). To claim a donation as a deduction on U.S. taxes, you should retain the donation receipt as an official record.
Q. Can I make donations via a mobile device?
Yes! Simply visit IdahoGives.org on your mobile device.
Q. What is a DAF?
A DAF is a Donor Advised Fund. A Donor Advised Fund is a giving vehicle that allows donors to make a charitable contribution and receive an immediate tax deduction.
Q. Will my DAF donation count toward prizes for the organization?
DAFs will be considered an offline and verifiable gift and will count as a unique donor toward leaderboard prizes ONLY.
Q. What if my preferred organization is not listed?
You can contact the organization directly to suggest that they register for Idaho Gives by April 15, 2020.
Q. What portion of a donation made on GiveGab is tax deductible?
Tax deductibility for a donor is based on giving to a nonprofit; it's not dependent upon how that nonprofit uses the funds. On GiveGab, the nonprofit pays for the fees, regardless if the donor elects to cover. GiveGab gives donors the option to increase their donation by an amount equal to the fees the nonprofit will pay so that the nonprofit realizes the full amount of the intended donation after payment of the fees. Just because the donor is given this option does not make the additional amount non-deductible.
Outside of using GiveGab, nonprofits do not provide their donors a breakdown of what portion of their donation is deductible (unless the donor receives something of value in return as a dinner, etc). That's because deductibility is based on giving to the nonprofit, not how the nonprofit chooses to use the funds. You could almost consider when the donor elects to cover the fees, that portion of the donation is a restricted gift that will be used to pay for the expenses incurred to receive the gift. Restricted gifts are tax deductible, because it's based on who is receiving the gift (nonprofit) not what the gift is used for.
Ultimately, whether a donor decides to deduct the fees as a donation on their tax returns is their option, and we do not provide tax advice. If they want to be ultra-conservative they can choose to not take a deduction for the fees when they file. Who receives the donation is what determines tax deductibility, not how the donation is used.
GiveGab does not provide tax advice. Please consult your local tax professional about what portion of the full donation amount can be claimed as a charitable contribution.
Q. How does the new CARES act affect my donation?
Under the new CARES Act, if you take the standard deduction on your 2020 tax return (filed in 2021), you can claim a brand new "above-the-line" deduction of up to $300 per person ($600 for married couples) for cash donations to charities you make this year. This deduction can be taken regardless of which tax bracket you fall in.