As part of our effort to help sustainable solutions thrive, we provide an online fundraising platform where funds are raised by change-makers to support an idea, a project or a company.
As with every social campaign, it requires your time and effort to build up strategies that will help you gain trust, support and raise funds from prospective funders.
At WeForGood, we run a fixed funding campaign also called ‘all or nothing’.
Fixed Funding: ‘keep what you raise only if you meet your target goal’.
With a fixed funding system, you keep the funds you raise only if you meet your funding goal or target. If your campaign does not meet its goal by it deadline, all your funders will be refunded - you won’t get any fund and you won’t be charged any fees either on the funds apart from the initial launch fee of $25 from the second month.
As risky as it may sound, it makes you work harder to meet and even exceed your funding goal and ensures the money you raise can actually help you to accomplish your objectives and make the impact you desire. Also, it discourages misuse of funds, and creates confidence with prospective funders who are assured that the funds raised will indeed be used for the purpose for which it was set up.
On WeForGood, funders can leverage their refunded monies to support another project or idea.
You will open an account and connect it with your campaign on WeForGood. All payments on successful campaigns will be processed within 24hours.
Since you are using our platform to raise funds, the funds will be transferred from your donor’s bank account to your selected bank account within 7days, minus platform fees.
You can access all transactions and fees from your WeForGood account, once payments are processed.
Fees: WeForGood charges a basic platform fee of 5% on money raised, monthly fee of $15 from the second month. In rare situations, an extension beyond the initial set deadline may be approved where requested. The extension will attract $25 as monthly charge.
The fundraising platform on WeForGood makes it easy for changemakers (non-profit, for-profit, startups or individuals) to raise funds for an idea, project or company.
For social enterprises or businesses, the impact of the project must be effective, efficient and promote sustainability in the society as a whole, and not as an income-making venture.
Funding requirements have to be analyzed and evaluated to determine whether the project is a franchise, independent project, cooperative, joint venture, Non-Governmental or Governmental organization, etc.
To make sure that WeForGood endorses only sustainable projects, the project must meet the following key requirements.
Furthermore, you are not allowed to promote illegal and harmful projects on our platform, as there is zero tolerance for scam campaigns.