This is a look at ColoradoGives.org disbursement process and what charitable fundraisers need to know about how funds are distributed. ColoradoGives.org is a giving platform making it easy for anyone to raise funds for the causes they support.
Funds are sent directly to the nonprofit organization.
Donations on ColoradoGives.org are made directly to Community First Foundation. Community First Foundation takes care of sending the funds you raise to the designated nonprofit(s).
Here’s how it works: Community First Foundation batches together donations made in a calendar month on ColoradoGives.org and directly deposits the donations made to the nonprofit, minus fees. We make deposits within 15 business days of the month's end. Since Colorado Gives Day is a significant fundraising event, we do a special disbursement before the end of December just for donations made in December associated with the event.
You do not need to “release” the funds you raise.
We’ve got this! Community First Foundation disburses funds raised for nonprofits according to the schedule above. This means you do not need to contact us or do anything to send the funds to the nonprofit. We take care of all of it, automatically.
The nonprofit does not have to wait for your fundraiser to end to receive the funds.
We disburse funds directly to the nonprofit's bank account. So, even if your fundraiser is ongoing, the nonprofit you’ve chosen will receive the funds each month. This way they can put to use the money you raise for their programs and services even if your fundraiser is still active!
The nonprofit will be able to see which donations came from your fundraiser.
Nonprofit organizations on ColoradoGives.org have access to a detailed donations report. This report identifies the source of the donation. Even though their disbursement batches together all donations made to their organization through ColoradoGives.org, they will be able to see which donations came through your page.
If you have any questions about how ColoradoGives.org disburses funds raised through a charitable fundraiser, contact us at here.