What we Offer
Essentially two things:
A fund holder which is also called fiscal sponsorship, fiscal hosting, or auspicing. Fundholding is where an existing entity holds funds on behalf of a project as an umbrella organisation, so the project doesn’t have to set up its own infrastructure.
A fund holder is a legal entity with a bank account, through which you can interact with the world, so you don't need to manage your Collective's funds personally or incorporate a new legal entity. (Learn more about fiscal hosting).
Specifically, Gift Collective offers charity fundholding, which means the projects get access to registered charity status, so they can qualify for grants and give tax credits to donors. We are able to do this through the registered charitable trust status of the fundholder entity, The Gift Trust (CC40774).
Through Gift Collective, projects can raise and spend money and operate in the world, without seeking charitable status, incorporating, reporting to IRD or charities services, or opening a new bank account. We take care of all of that so they can stay focused on their kaupapa and mahi.
So far, Gift Collective has helped 60 projects raise over $1.5million since its launch in 2021.
A tech platform to help your Collective thrive, with features like crowdfunding, transparent budget tracking, and community engagement tools. (Learn more about the software).
Gift Collective uses an online platform called Open Collective, which is used around the world to enable fundholding for thousands of projects. Every Gift Collective project gets its own online page, where it can fundraise, tell its story, engage its community, and track and spend money transparently.
Provide invoices and receipts to your contributors, including donation tax receipts if your project is charitable.
Organise paying people who work on your project and reimbursing project expenses.
Give you an instant webpage to tell your story, engage your community, and fundraise.
Engage with grant applications as the fundholder and assist you with the process.
Register on supplier and vendor systems so companies can support you.
Provide documentation like bank account verification, company registration info, GST number, etc.
Sign contracts with vendors, venues, contractors or other third parties your project wants to engage.
Any other requests you have, to best of our ability!
To put it simply:
We do:
Give you your own dedicated profile page on our platform that you can edit yourself
Accept donations from individuals, organisations and grantmakers
Pay expenses (reimbursements and invoices)
Provide a transparent budget - it makes financial reporting easier
Let you create your own tiers for crowdfunding
Have the capability for you to create events and projects so you can differentiate a separate budget for each of these
Have the capability for you to write updates and send them to all of your donors at the click of one button
Take care of due diligence and make sure your work is staying aligned with charitable purpose
We don’t:
Operate like a bank account. You can’t draw money out whenever you need it. We pay once a week.
Deal with employment…yet. You can pay contractors for time they are spending on your project, but we can’t legally employ people. We are getting legal advice on whether we might be able to do this in the future.
Get funding for you
Write your grant applications. But we may need to sign off on them, depending on who you are applying to. We can supply any details you might need from us (ie charity number, bank account details). You can also try organisations like Match and Hui E! for help with funding.
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