Fees
Our fees cover the services we provide to support your kaupapa. We also pass on the payment processing fees charged by our partners.
Fiscal host fees
We charge a fee on all funds received, as follows:
On the first $200,000
8%
On the next $300,000 (to $500k)
6%
On the next $500,000 (to $1m)
4%
On amounts above $1m
By arrangement
Totals reset on 1 April of each year.
Example
Let's say your Collective raises $350,000 in a year.
We'd charge 8% on the first $200,000, which is $16,000, then we'd charge 6% on the remaining $150,000, which is $9,000.
That's a total fee of $25,000 on the funds your Collective raised in that year, which is equivalent to 7.1%.
What our fiscal host fees cover
Our fees cover the costs of providing our service, such as:
Our staff, who review every expense and respond to your queries
Use of Open Collective, the system that keeps track of everything
Expert advice and support from our lawyers and accountants
Our own budget is tracked transparently too, using the same system our Collectives use.
How we compare
A traditional crowdfunding platform would charge 5-7%, but those platforms don't provide fundholding services - you have to account for all the money yourself. On the other hand, most fundholders charge around 10% (it varies a lot!), but don't generally provide online donation forms or an easy way to manage your expenses.
With Gift Collective, you get an end-to-end crowdfunding and fundholding solution, for one simple fee. Our fee reflects these higher overheads, including the enhanced assessment, monitoring, and reporting we have to do to ensure everything is compliant with the laws and regulations that apply to charities.
For projects that want to offer donation tax receipts to their supporters, or which need a registered charity to be their umbrella organisation for a grant, it's a pretty sweet deal!
Payment processing fees
Contributions
Debit and credit card payments are processed by Stripe, which charges a fee of 2.7% + $0.30 per transaction. (Higher fees may apply to some payment methods.)
No fee applies to contributions received via bank transfer.
Expenses
Outgoing expense payments are processed by Wise. For expenses paid in NZD to accounts within New Zealand, they charge $1.38 per transaction.
For other expense payments, you can get an estimate of Wise's fee by using the calculator on their website - make sure to select 'Your balance' as the payment method.
If there isn't enough in your Collective's balance (at time of processing) to cover the Wise fee applicable to an expense, we won't be able to pay that expense.
In all cases, the Wise fee is calculated and charged to your balance at the time of processing.
Discounts
We do not offer discounts on our fees.
From time to time, The Gift Trust may decide to make a contribution to a kaupapa that's aligned with its strategic priorities. If that kaupapa is a Collective, then that contribution may take the form of a credit for part of our fiscal host fee. We will not accept unsolicited applications for such credits.
All figures are in New Zealand Dollars (NZD) unless specified.
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