Bonfire and Change Collaborate for Nonprofit Fundraising
In a significant move to improve compliance in charitable fundraising, Bonfire, a well-known online fundraising platform, has embarked on a partnership with Change. This collaboration aims to streamline the process for individuals who wish to raise money for their preferred nonprofits without the worry of legal complexities.
Creating a Compliant Fundraising Environment
Bonfire's innovative platform enables users to design and sell custom apparel. These sales generate funds that are directed to various nonprofit organizations. With Change's assistance, the transfer of these donations is made not only easier but also fully compliant with existing regulations.
Adapting to New Legislation
Recent legislative changes have necessitated a new approach in online fundraising activities. Notably, California has introduced legislation that aligns with the needs of fundraising platforms like Bonfire. By collaborating with Change, Bonfire positions itself to navigate these evolving state requirements efficiently. This partnership will facilitate regulatory compliance, ensuring that each fundraising campaign operates smoothly.
Streamlined Compliance Process
The partnership leverages Change's robust compliance framework. Change employs a trusted donor-advised fund, which acts as a conduit for donations to reach nonprofits securely. This method alleviates potential compliance burdens from Bonfire's users, allowing fundraisers to focus entirely on their campaigns, instead of worrying about complex legal stipulations.
As Torey Heinz, Director of Risk Management and Compliance at Bonfire, aptly puts it, "Compliance is a top priority for Bonfire. We work with thousands of charities, so automating charity payouts and reporting with Change has made our fundraising efforts so much easier." This statement underscores the significance of this partnership for Bonfire's operations.
Navigating the Legal Landscape
As fundraising regulations continue to shift across different states, understanding the legal landscape can be daunting. With varying rules and guidelines, companies are vigilant about maintaining compliance while encouraging community engagement through fundraising. Bonfire recognizes the need for solid legal frameworks to protect both themselves and their users.
Empowering Nonprofits through Technology
The relationship between Bonfire and Change signifies a pivotal step towards empowering nonprofits. By integrating robust compliance mechanisms into its platform, Bonfire enables fundraisers to engage enthusiastically while ensuring that they respect the laws governing charitable donations. This synergy fosters a healthier fundraising environment for nonprofits of all sizes.
About Bonfire
Bonfire is a cutting-edge platform that allows individuals and groups to create, sell, and buy custom products while contributing to causes they care about. They handle everything from payment processing to customer service, allowing users to concentrate on their fundraising endeavors. Since its inception, Bonfire has been instrumental in helping various organizations realize their fundraising goals.
About Change
Change specializes in refining the donation process within the charitable sector. With their advanced technology, organizations can effortlessly make contributions to charities, ensuring they remain compliant with all regulations. Change’s comprehensive support extends to state registrations and renewals, making it a respected partner for numerous companies across the country.
Frequently Asked Questions
What is the purpose of the partnership between Bonfire and Change?
The partnership aims to streamline the fundraising process for nonprofits, ensuring compliance and improving donation efficiency.
How does Bonfire facilitate fundraising?
Bonfire provides a platform for individuals to sell custom apparel, with proceeds going directly to the nonprofit of their choice.
What role does Change play in this collaboration?
Change offers a compliance framework that helps manage and automate donation payouts, ensuring legal adherence across various states.
Why is compliance important in fundraising?
Compliance ensures that all fundraising activities abide by state laws, protecting both fundraisers and the organizations they support from legal repercussions.
What benefits do nonprofits gain from this partnership?
Nonprofits benefit from increased operational efficiency and the ability to leverage technology for fundraising without legal concerns, thus encouraging broader community participation.
