Where does my money go?
96.15% of your dollars go directly to the organizations that you select. There is a (3.0%) fee for credit card transactions, and a 0.85% fee for our Donor Advised Fund (Network For Good). This is in line with processing expenses you would likely pay if you donated directly to the organization, though we think we'll be able to increase this rate to 97.8% by the end of 2018. We do not receive any funds from the charities featured on our site, or retain any portion of donations to our top-rated charities for ourselves.
How often should I donate?
You can choose to donate monthly, quarterly or annually. You can log in to our platform and edit your donation at any time.
Is OFTW a 501(c)(3) nonprofit organization?
The Life You Can Save is a “fiscal sponsor” of One for the World. This is an arrangement where a 501(c)(3) nonprofit organization (The Life You Can Save) can essentially “adopt” another organization that wants to be recognized as a non-profit, but does not want to go through the process of submitting for 501(c)(3). We are subject to the same financial scrutiny that a regular 501(c)(3) is exposed to as a result of this status, including annual filings with the IRS, through The Life You Can Save.
What is OFTW's relationship with The Life You Can Save?
The Life You Can Save is our “fiscal sponsor” (see above). They also provide operations, financial, accounting, charity selection and other support.
Who funds OFTW's overhead expenses?
Historically, we received donations from The Life You Can Save, Advisory Board members, and campus associations / university student governments. Recently, we received a significant, multi-year contribution from the Open Philanthropy Project and a private donor.
We’ve found that each dollar we invest in OFTW returns up to 46x dollars raised! If you’d like to support our overhead expenses, please send us an email at email@example.com, or you can make a one-time or recurring donation to help cover our costs here.
How do I modify my donation?
We use a third-party organization, Network for Good, to manage donation processing. You can login through their site to edit your donation or give them a call at (888) 284-7978 between 8 AM - 7 PM EST. Please note when you call that your donation is routed through One for the World to National Philanthropic Trust (NPT), so NPT may come up / be useful when you are trying to get support on your account.
What happens to my donations if I choose to donate to a charity that is removed from your list of recommendations?
This depends on how you originally set up your donation:
If you selected our “Top Picks”... then your donation will automatically get reallocated to the latest top picks as our portfolio adjusts.
If you selected our “Entire Portfolio”... then your donation will automatically get reallocated to the latest set of charities in our portfolio.
If you selected a specific charity that is no longer recommended... then we will get in touch with you to explain our process and ask you if you want to switch your donations to an alternative charity. You will have to update your selection by logging in to your account on Network for Good.
How do I get receipts for my donation to deduct from my tax filing?
You will receive an email every time that you donate, which will serve as your receipt(s) for the IRS. We recommend saving these emails each month.
In order to find these receipts, search for emails from firstname.lastname@example.org (until July, 2017) or email@example.com (from August, 2017 through end of year) with the subject line "Thank you for your donation to". If you can’t find all of your receipts, you can also call Network for Good at 888-284-7978 and they can re-send all of the receipts anytime.
How do I cancel my donation?
Log in to Network for Good and click on “cancel my recurring donation”, or call Network for Good at 888-284-7978 between 8 AM to 8 PM EST, Monday to Friday.
What if i want to give more or less than 1%?
Log in to Network for Good and click on the “Edit” button under the first section titled “You are currently donating”. Select “Other” and then enter the amount and frequency of your adjusted donation.
How can I get more involved?
There are three main ways you can get more involved:
Get involved in a current OFTW chapter at your school! Fill out this form or drop us a note (firstname.lastname@example.org) and we will get in touch!
Launch a new OFTW chapter! If your school does not have an OFTW chapter and you would be interested in launching one, please reach out (email@example.com) or fill out this form. We have experience launching new chapters, the resources and game plan to make it a success, and would love to support you in building a culture of giving at your school!
Get involved at the national level! We have a small board of volunteers who run the organization and are always looking for tech, operations, marketing, legal, and business development talent. Fill out this form or email firstname.lastname@example.org if you are interested in learning more.
How do I get a matching donation from my employer?
Double the Donation can help you figure out the matching program at your employer. If your company uses Benevity to manage matching donations, you will see One for the World on your company’s portal when you search for us. If your organization uses a different platform, please get in touch with us at email@example.com and we will work with you to find a solution.
Benevity Platform companies (not exhaustive): Apple, AstraZeneca, CP, Cargill, Coca-Cola, Deloitte, Google, Honda, McKinsey, Microsoft, Morgan Stanley, Prudential, Samsung.