Common Questions
Requesting for cash assistance
No, this is a grant. Our partner organizations provide these funds in form of a grant or a gift and you do not have to repay the money back.
Definitions:
A loan requires you to repay the money you borrow, whereas a grant does not.
Grants are, essentially, a gift. In other words, they’re non-repayable.
Note: For taxes purposes, a payment from a charitable organization to an individual in need will be excluded from the gross income of the recipient for federal income tax purposes as a gift under Code Section 102 if the payment is motivated by a "detached and disinterested generosity"
and "out of affection, respect, admiration, charity or like impulses" and not by moral or legal obligations, in anticipation of economic benefit, or in return for services.
To apply for cash assistance, explore the given pages, select and apply to a charitable organization that you're eligible for. The organization will review each request and notify you of the decision and the next steps.
To be considered eligible:
- Demonstrate a need for cash assistance
- Fit Criteria for organization requirements
- Browse through the variety of programs that provide cash assistance programs
- Select a cash assistance program that you are eligible for
- Request for funds
If approved, you will receive the funds via direct deposit unless stated otherwise by the partner organization disbursing the cash relief fund. We use a third party partner Stripe to initiate the transfer of the funds to your bank account. Hence you will have to provide your bank account details.
An Email will be sent to you on the decision of your application
True Given's Organization Partners
A Given Page is your own, fully-branded, and customized way to present information about Cash assistance programs and other resouurces. People can easily find the page and request for cash assistance. When people share your organization's Given Page using their social media and other marketing channels, they generate awareness and appreciation for your organization and also for their cause (one reason they want to share your page).
Employers, community colleges, apprenticeship programs, nonprofit community-based training organizations, and Public Service entities interested in supporting our mission can subscribe to the True Given Platform. True Given measures organizations using two criteria - their commitment to our mission and their quantifiable impact.
It’s very important to have a powerful and efficient online donation system if your organization wants to get the most out of online fundraising. While TrueGiven is one of the most affordable solutions on the market, processing fees can still quickly add up for nonprofits.
Since it’s not possible to receive online donations without using payment gateways, processing fees are a necessary evil if you want to receive online donations.
As a reminder, True Given charges a small platform transaction fee of 10% for every donation.
"The True Given platform fee of 10% is much lower than other donation platforms."
Donations made to organizations on the True Given Platform are usually considered to be personal gifts which, for the most part, aren’t taxed as income.
There are cases where the income is taxable (depending on the amount received, use of the funds, etc.). It is recommended that True Given Partner Organizations maintain adequate records of donations received and consult a tax professional to be sure. True Given will not report your donations as income at the end of the year, or issue any tax documents. Because everyone's situation is different and tax rules can change from time to time, we’re unable to give any tax advice.
Note: Charitable organizations are not required to issue Form 1099-MISC or other information return under Code Section 6041(a) to report the payment if the cash relief fund is considered as a gift to the individual.
More about True Given
Simple! At True Given, we believe that by investing in individuals, you are investing in the community, and we believe impact-related giving is True Given
True Given is a Minority-Owned Business with a focus on public benefit and social impact. Our status enables that we are able to uphold our promise of prioritizing social impact. True Given is not itself a 501(c)3 charity. True Given partners with 501(c)3 organizations.
Email us at admin@truegiven.com, and we'll get back to you quickly. We're always open to feedback and new ideas!
Yes, there is a monthly subscription fee to feature your organization on the True Given website.
We make money from monthly subscription fees as well as platform fee from donations made through the platform. We believe True Given should be a self-sustainable business so we can have the most impact on the people we are serving. We are so grateful for your support and encouragement
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