About My Community Fund
My Community Fund offers a $35.00 monthly crowdfunding plan to give you funding for each referral.
We provide customized campaigns and donation button to send a suggested $25.00 donation instantly to your PayPal, Venmo or CashApp for only $10 per month.
When someone you refer participates and donates using your referral code you receive funds!
My Community Fund also pool donations to share with members for emergencies or small purchases.
What is Crowdfunding?
Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, or individual investors.
My Community Fund helps you build a community of donors to help you get funding monthly.
Why join My Community Fund?
Here is our top 12 reasons to join us!
1. Get instant and monthly funding for referrals.
2. We help you raise funds with campaigns and support.
3. Non-profits can get funding by helping others.
4. Pool funds as a community and get a share.
5. Receive grants, disaster relief or charity by zip code when available.
6. Help your family, friends or community raise funds together.
7. Offer a crowdfunding plan to your customers and members as a gift.
8. Crowdfund for grants, scholarships, gift cards or cash back rewards.
9. Get funding to pay off debt, save or invest in opportunities.
10. Use funding for startups, projects, upgrades, coaching or certifications.
11. No need to continue asking for donations as donors also benefit monthly.
12. Anyone can donate without being a member using your referral code.
How does it work?
* Simply use referral code to apply and donate to get started.
* Download promotions to share with your referral code.
* Order custom crowdfunding cards to refer others.
* Log in using your referral code to view results, donate or pay service fee.
* Use referral code to pool funds for a shared donation when available.
Your referral code is your PayPal e-mail address, Cash App or Venmo tag.
$25.00 is donated to who referred you. A monthly service fee of $10 is billed by e-mail and can also be paid on-line by logging in.
Benefits:
* Receive 100% of your donation for one flat monthly fee
* Get instant and monthly donations
* We help you raise funds with custom promotions
* Advertise or shop small business discounts
* Access to pooled community funds for emergency funding
Join our Facebook Group of proud supporters!
View our Facebook Page
Shop special offers and discounts from small businesses!
Get started now!
Funding Rate
The suggested monthly donation of $25 is the current funding rate.
Donors can decide to donate more or often using your referral code.
Fees
My Community Fund service fee is $10 per month, which is billed by e-mail. You can pay using PayPal, Venmo or Cash App. If service fee or monthly donation is not paid within the same month or up to 7 days on following month, the referral codes will be de-activated.
If account is de-activated, referrals donations will go to My Community Fund to help referrals continue their monthly funding goals. To re-activate referral codes at anytime, contact us to continue with previous supporters within 15 days or referral codes will be permanently de-actived.
Terms of Use
Use of our website
& services
means you agree the Terms of Use and Privacy Policy.
Must be 18 or older to participate. Major credit cards, debit cards, PayPal, Cash App and Venmo accepted. Must have a PayPal, Cash App or Venmo account to receive funds. All donors are required to register a referral code to receive funding. All participants must donate each month and pay monthly fee to stay active for monthly funding.
*** If service fee or monthly donation is not paid within the same month or up to 7 days the following month, the referral codes will be de-activated. ***
If account is deactivated, referrals donations will go to My Community Fund to help referrals continue their monthly funding goals. To reactivate referral codes at anytime, simply contact us within 15 days or account will be permanently closed. Any abuse, fraud or questionable activity will deactivate your account permanently without any refunds.
My Community Fund, its partners, sponsors or supporters are not responsible or affiliated with any services, products, campaigns, businesses, organizations or individuals who participate. My Community Fund is not associated with any payment services or merchants. All payments are non-refundable and final.
You do not acquire a license or any ownership rights to any trademarks or service marks through your access or use of My Community Fund platform products or services.
Taxes
My Community Fund is a donation based crowdfunding plan that help fund participants from a suggest donation for each referral. Donors use My Community Fund website as a crowdfunding plan to track results, donate, download promotions and order crowdfunding cards to give away. Only payments toward non-profits may be considered charitable donations. Funding toward businesses may be considered as income if you use donated funds to pay yourself, you’d have to claim it as income on your personal tax return.
Can I write off donations to friends? The IRS does not allow a deduction for gifts to individuals, though you may get a deduction if your gift goes to a charity or other qualifying organization. "Personal gifts" which, for the most part, are not taxed as income in the United States. Additionally, these donations are not tax deductible for donors.
My Community Fund does not manage or hold funds and funding are donation based without any exchange of services or products from donors. Therefore donors do not need IRS Form 1099-K since the money given qualifies as a gift or donation.
If you donate funds as a considerable charitable donation to a non-profit please contact that Non-profit for qualifying documentation of Non-Profit status for tax purposes if needed.
We are not able to provide specific tax advice so, please consult with your accountant or tax professional for tax questions.
For reference: Do You Have To Pay Income Tax on Crowdfunded Money
IRS Crowdfunding Rules & Obligations
Privacy Policy:
Your contact information is very important to us and is kept private and solely for the use of My Community Fund support, account verification, news, alerts and updates. We collect e-mail address and methods of payment and referral code registration for donations, campaigns, crowdfunding cards and account login for tracking results. Credit card processing and funding payments are processed securely thru PayPal, Cash App or Venmo. My Community Fund is not affiliated with PayPal, Cash App or Venmo.
Terms of service, information, fees, payments or requirements are subject to change with or without notice.
Have any questions please contact us below.
|
