Terms of Use

The terms “we,” “us,” or “our” shall refer to The GoodCoin™ Giving Fund (“GCGF”). The terms “you,” “your,” or “user” shall refer to individuals or corporations who accept these Terms of Use by making donations to GCGF. If you are making contributions to GCGF or using the website of GCGF on behalf of a legal entity, you represent that you are authorized to enter into an agreement on behalf of that legal entity.

By using the GCGF website, you acknowledge that you have read and have agreed to be bound by the following Terms of Use set forth. We reserve the right, in our sole discretion, to change these Terms of Use from time to time. We will make reasonable efforts to provide you with notice if the updated Terms of Use contain substantive changes to your relationship with GCGF. You agree that we may notify you of the updated Terms of Use by posting them on the GCGF website, and that your continued use of GCGF’s website constitutes your agreement to the updated Terms of Use. Nothing in these Terms of Use may be construed to create or confer any rights on third party beneficiaries. If you do not agree to any of the Terms of Use described here, you may not use the GCGF website.  

GCGF is a 501(c)(3) tax-exempt public charity registered in the United States that holds donor-advised funds to facilitate contributions made using GCGF’s website. GCGF exists to support financially, and through marketing consulting services, nonprofit organizations that seek to engage the next generation of philanthropists using social media and other emerging communication tools. We aim to open new sources of funding to the nonprofit sector by facilitating charitable donations, creating momentum for frequent and increased charitable giving, and encouraging users to develop and achieve meaningful purpose in their lives.

You hereby irrevocably consent to the jurisdiction of the courts in the State of Delaware. If any provision of these terms of use shall be unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from these terms of use and shall not affect the validity and enforceability of any remaining provisions.

Services from GCGF are subject to United States export control and economic sanctions requirements. You may not make donations to GCGF if you are under the control of, or a national or resident of Cuba, Iran, North Korea, Sudan, or Syria or if you are on the U.S. Treasury Department’s Specially Designated Nationals List or the U.S. Commerce Department’s Denied Persons List, Unverified List or Entity List.

These Terms of Use constitute the entire agreement between you and GCGF pertaining to the matters set forth herein and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties.  

You understand that all contributions made on the GCGF website, or contributions in any campaigns in which GCGF participates, are contributions to GCGF, a 501(c)(3) tax-exempt Delaware nonstock corporation (EIN 87-3265356), which you can recommend benefitting certain other 501(c)(3) tax-exempt public charities (“Recommended Charities”). 

In order to comply with federal tax laws and Internal Revenue Service regulations, GCGF exercises exclusive legal control over the donations it receives and retains the exclusive authority and discretion to re-grant the funds to other charitable organizations as it sees fit. While it is highly unlikely, it is possible that you may recommend a charity that is not in good standing with the IRS or a state regulatory agency, or otherwise does not meet GCGF’s criteria. In that event, GCGF reserves the right, in its sole discretion, to select an alternate charity to receive your donation, or to ask you to recommend an alternate charity. Should you wish to recommend that your contribution be regranted to another organization (i.e., “Recommended Charity”), then the Board of GCGF may donate to the Recommended Charity you suggested in an amount and at a time of their choosing. These policies are made to comply with United States federal tax laws and United States Internal Revenue Service regulations regarding the use of donor-advised funds.

Any attempted but failed payments to Recommended Charities will be made void and cancelled after 90 days (paper checks) or 30 days (electronic fund transfers). Multiple attempts using multiple communication channels to contact a proposed Recommended Charity will be made over the following 90 days after an attempted payment is cancelled or voided before a permanent retraction of the Board’s attempt to make a grant to the Recommended Charity.

Contributions made to GCGF cannot be refunded except in the case of those arising from fund transfer Charge Backs and Disputed Charges.

Federal law prohibits charities from promising or providing goods and services (e.g., tickets to events or raffles) in exchange for donating to a donor advised fund such as those held by GCGF. We can only accept contributions made without the expectation, or without the actual delivery, of goods or services by either GCGF or any Recommended Charities. In addition, gifts made may not be restricted for particular functions, programs, or activities of the recipients but must be made for unrestricted purposes consistent with the mission of the recipient organization.

For donations through the GCGF platform we charge a one-time fee of 2.9% plus $0.30 per transaction or less depending on the generosity of users of the platform. Those fees cover various operational costs, including required state registrations, banking fees, credit card processing fees, administration, and grant distribution services, as well as the development and maintenance of GCGF’s internet-presence. Fees for other services to corporate partners vary depending on the scope of the work involved. Information on fees will always be made available to potential donors in advance of contributions or in advance of claims being made on prepaid Donor-advised Funds.