This policy for our programs/accounts should be read, understood and accepted in compliance with the terms of Use, privacy policy and all other terms/policies published on our website from time to time. This policy is a part of the terms of Use published on our website and all the provisions mentioned in the said terms of Use shall be applicable to this policy as well.
n order to avail any of the following services/programs and/or create any of the accounts as mentioned in this policy, you shall be required to meet the eligibility criteria as mentioned in the terms of Use published on the website and shall be required to register an account on our website in the manner as stated in the terms of Use published on the website.
1. CONTRIBUTIONS AND MODE OF MAKING CONTRIBUTIONS
1.1 Contributions payment methods (see later Contribution Methods) can be processed or generated by donors on his or her online account.
1.2 The donor can contribute by any one of the following methods:
a) Electronic Funds Transfer (EFT): also known as ACH or ECheck. This method will allow donors to transfer funds electronically from their bank account. Donors may choose to make a one time or an automatic recurring EFT. We recommend donors to check with their bank if they participate in the Automated Clearing House (ACH) service and if they have any additional fees in place for the service. EFT transactions can be processed by donors at their online account or over the phone. Upon completing an online or on phone EFT, the donor will be asked to agree to the Electronic Funds disclosure available at the online account or by calling The Donors' Fund to receive a copy. The minimum EFT amount is $250, and the maximum amount is $25,000.
b) Charity cards:
c) debit cards
d) credit cards
Electronic Funds are generally processed within the same business day. However, like checks, the funds will only be funded to the donor's account within 2 to 10 business days beyond the processing date. This depends and varies on the bank from which it was received as well as the dollar amount.
1.3 Each transaction will be responded to with an automated electronic confirmation. This includes newly generated contributions, received contributions, declined or funded contributions and canceled contributions.
1.4 All contributions, once accepted by Pushka Technology Inc. are irrevocable and are not refundable. The funds will be deposited into a donor-advised fund account as per the donor's request. If a contribution is received in error, for example, the wrong amount was received, then Pushka Technology Inc. will refund the funds accordingly. Those scenarios will be reviewed on a case by case basis.
1.5 There are no additional fees for contributions no matter which of the above-mentioned contribution/payment method is used. However, in circumstances where any additional fee in relation to a contribution is charged, e.g., a bank fee for a returned check, the fees will be applied to the account holders' account. These scenarios are reviewed on a case by case basis.
1.9 Other contribution fees: The Donors' Fund reserves the right to charge additional fees for holding assets or other costs incurred from the contribution.
2. DONATION ACKNOWLEDGMENT
2.1 Upon processing a contribution and when the funds are made available to Pushka Technology Inc., a donation acknowledgement (also known as a donation receipt) will be sent to the donating party. The acknowledgment can serve as a record of the contribution for tax deduction purposes. A donation acknowledgment is required for all charitable contributions exceeding $250 in aggregate to a given 501(c)(3) organization (e.g. contributions to Pushka Technology Inc.) when claiming a charitable deduction on a tax return.
2.2 The donation acknowledgment will be addressed and sent to the name and address shown on the contributed transaction. The document will state the amount of the contribution, contribution type and a description of the contribution type e.g. for a contribution made by Charity card, the description will describe the charity card reference number.
2.3 The donation acknowledgment will also state that Pushka Technology Inc. did not and will not provide any goods or services in exchange for or in consideration of the contribution and let the donating party know which donor-advised fund account the contribution was funded to.
3. GRANTS
3.1 Once an account hereunder has been funded, donor can recommend grants to qualified 501(c)(3) public charities, online; or by phone; Contributions to Pushka Technology Inc are irrevocable and are owned and controlled by our trustees and are fully tax deductible at the time of the contribution. Thus, the account making the Grant recommendation should therefore not expect or accept donation acknowledgments from the granted charities. 501(c)(3) public charities include organizations described by section 509(a)(1) and 509(a)(2) of the Internal Revenue Code (the "code"), Type I, Type II and Type III functionally integrating supporting organizations as described by section 509(a)(3) of the Code, and private operating foundations.
3.2 In the event that the terms, conditions or guidelines are breached or violated on one or more occasions by the account holder or the recipient charity then Pushka Technology Inc. may request the granted charity to refund the grant or terminate the donor's account. Funds of the terminated accounts will be transferred to Pushka Technology Inc. General Fund ('PTGF'). Pushka Technology Inc. general fund is a fund operated by our trustees and board members. Charitable grants are made from this account to select qualified US based charities chosen and approved by our trustees and board members.
3.3. Grant recommendations are not binding on Pushka Technology Inc. and are subject to the review and approval of our trustees or a representative assigned by our trustees. If the grant recommendation is not approved, Pushka Technology Inc. will notify the account holder. Pushka Technology Inc. makes grants exclusively for the furtherance of charitable purposes. No donors, donors' family or any other individual shall receive anything more than incidental benefits such as School Tuition or other school related fees, Membership benefits (that have a portion that is not tax deductible), paying a binding pledge, goods or services such as gifts, raffle tickets and goods bought at charitable events, in return or in relation to grants.
3.4 Any grant that will result in a benefit to the donor or donor's family members is forbidden. Without limiting this list, such benefits include tuition or tuition reduction to donor family members, binding pledges, raffle tickets, charity auctions, and tickets to charity events at which the donor may receive food, drinks, entertainment, small gifts or otherwise
3.5 Prior to honoring a grant recommendation; initially adding a new charity and/or in some cases for existing charities, Pushka Technology Inc. follows a charity approval procedure which may include one or more of the following:
4. ACCOUNTS AND PROGRAMS
Pushka Technology Inc. platform allows donors to add “Pushkas" which allows account holders to recommend grants by using the hardware we provided for the donors.
5.0 INVESTMENT
The Donors Fund offers several strategic investment options to allow donors to grow their impact while fitting the donors risk tolerance and giving objections. All investments are subject to risk. Diversification does provide risk mitigation but does not hold guarantees against any losses.
Qualified donors will have the opportunity to build a custom investment giving plan with our preselected financial advisors. Additionally, if the donor already has a financial advisor, he or she may qualify to manage their client's investment accounts and may recommend investment opportunities.
Investments opportunities include but not limited to, securities, real estate, hedge funds, and private equities. Investments will be reviewed by The Donors' Fund and concerned parties on a case by case basis.
Expense ratio: Reflects the cost of management fees by the managing parties. Including but not limited to The Donors' Fund managing team.
5. FEES AND MINIMUMS
The Donors' Fund program is completely free to its donors.
The fees on the charities end is 5% on all transactions conducted through Pushka Technology Inc. Platform
6. MINIMUM DISTRIBUTION
6.1 Pushka Technology Inc. will distribute a minimum of 5% as an overall between all our account holders on a yearly basis. If we haven't reached this goal after a fiscal year, Pushka Technology Inc. will reach out to account holders who have not had grant activity of at least 5%. If the account holders do not make grants within 6 months following the notice, Pushka Technology Inc. will have funds from those accounts distributed to qualified charities.
6.2 It is mandatory that account holders have grant activity. If no grants have been made on an account for two consecutive calendar years, The Donors' Fund will make reasonable effort reaching out to the account holder and request for activity to be made. If the account holder does not make grants within 6 months following that notice,Pushka Technology Inc. will have the required annual minimum of 5% distributed from the account to qualified charities.
If the account holder fails to make any grant activity for five consecutive calendar years and fails to contact Pushka Technology Inc., the account will be terminated, and the remainder funds will be transferred to The Donors' Fund General Fund ('PTGF')
8. CHANGES IN POLICY
We reserve the right to change the terms and conditions of this policy/fee structure at any time without any prior notice to you and publish it on our website. You shall be required to review the terms of this policy from time to time and abide by the most current policy. Your continuous use of our website will be considered as acceptance of the changes made to this policy/fee structure from time to time.