Fees

If your project has a charitable purpose and wants to operate under the umbrella of a registered charity, Gift Collective charges an 8% fee on all funds as they come in.

Collectives pay a percentage of funds raised to help cover the costs of providing our services like admin, expert charity vetting, user support, legal, accounting, use of the Open Collective software platform and everything else required to run our service. Our own budget is tracked transparently too!

We have to do enhanced assessment, monitoring, and reporting on the financial activities of Gift Collective charity projects, to ensure everything is done by the book to comply with the regulations charities operate under, so the fees reflect higher overheads.

It's worth it for projects who want to offer donation tax credits to funders or need to have a registered charity entity be their fund holder for a grant.

The credit card processor charges a 2.9% fee on incoming credit card payments. This doesn't apply to bank transfer payments. Third-party processor fees are charged on outgoing payments from your budget.

The standard fee for crowdfunding is 5-7% (plus credit card processing fees), but they don't provide fundholding. The standard fee for fundholding is ~10% (it varies a lot), but they don't provide crowdfunding or a tech platform. So we think our prices are pretty sweet!