Maximizing the Use of your Credit Card (and not in the way that you think)
Weekly Tips for Nonprofits, Donors, and Professional Advisors
Maximizing the Use of your Credit Card (for the benefit of nonprofits!)
Did you know that U.S. credit/debit card network transactions were valued at $11.1 TRILLION in 2022? That is "Trillion" with a "T." Pretty staggering to think how much we as Americans buy on credit cards. But, companies like GiveCredit are on a mission: to give every payment a purpose. This starts by the company matching or reducing any current processing fees to ensure their program is "No Additional Cost." Then, GiveCredit happily donates a full 25% of its own revenue (earned through processing these payments or donations) right back to nonprofits to further the impact they are making! Beyond that, GiveCredit provides a nonprofit with an innovative alternative fundraising tool that enables the nonprofit to offer business-owning supports a way to donate to their favorite causes without affecting the bottom line. In fact, a huge focus of the company is "Amplifying Social Responsibility." GiveCredit strives to inspire a culture of social responsibility in the payments industry, encouraging businesses to embrace philanthropy as an integral part of their operations to empower consumers to make a difference. Not a bad mission, eh?
Peter Ciaccia: Director of Partnerships at GiveCredit
Peter has a thick New York accent. He also has a strong background in business and a passion for making a positive impact on the world! Drawing on a wealth of knowledge and expertise, Peter applies his skills to help others and has a track record of success in driving growth and achieving impressive results. He credits himself to always learning and looking for new ways to push the boundaries and drive progress. Read more about Peter here:
A Tip for Professional Advisors: Did you know that mutual funds are among the top four types of assets that individuals own, but they are not donated as much as they should be? Main reason: they are a little more complicated than gifts of stock. Read more here on this St. Jude page (a good primer), and get started ASAP if your client wants to make a gift by year's-end: Donating mutual funds - St. Jude Children’s Research Hospital (stjude.org)
"You have not lived today until you have done something for someone who can never repay you."
~John Bunyan
Richard C. Peck Consulting, LLC and The Philanthropy Guy, LLC