About Cause Momentum
All donations to the Cause Momentum projects are made initially to the Community Foundation of the Ozarks and will appear as such on your billing statement. Upon successful completion of each Cause Momentum project, the participating organization will receive a grant from CFO for fulfillment of its project.
Why was Cause Momentum built?
Cause Momentum was built to make it easy for you to connect to non-profits with local efforts to better your community. It is a donation and sharing tool for the specific projects that inspire you.
Who is behind Cause Momentum?
Cause Momentum is a result of the Community Foundation of the Ozarks' (CFO) interest in helping its non-profit partners that you know and love. CFO teamed up with Marlin to deliver this platform for online, project-based fundraising.
Which nonprofits get to use Cause Momentum?
Organizations with charitable 501(c)3 status in central and southern Missouri with funds established at CFO can use the Cause Momentum platform to promote and raise funds for their charitable projects. This helps you know that these organizations are vetted and your donations reach them directly.
What is a donation?
A donation is when you use a credit card or other means of payment to put money into Cause Momentum. Depending on your intent, it may be placed immediately as a pledge to a project, or it may be gifted to someone else to pledge. It also may stay in your Cause Momentum account balance for future pledges.
What is a pledge?
A pledge is when you promise a dollar amount from your balance or immediate transaction to a project. The pledge will add to the project progress total and you will be displayed as a supporter or donor on the project page and in the nonprofit administrator's Project Dashboard. After pledging to a project you will receive updates about that project from the nonprofit agency. If the project succeeds in reaching its goal, your pledge will be granted to the agency by Community Foundation of the Ozarks. However, if the project does not meet its goal and you did not opt to donate regardless, your pledge will be returned to your account balance at the end of the project. You will then have the opportunity to direct that money at any time to another project or make a general donation to any of the agencies registered on Cause Momentum.
What is it to Forward Momentum?
Use the Forward Momentum feature if you want to make a tax-deductible donation to the Cause Momentum system, but allow someone else to select which projects should receive support. This makes a great gift and we are excited to see how you use this. This can be performed from a company account or from an individual account. Please let us know if you have any questions about how this works. We will be happy to help you get creative.
What constitutes a project?
Projects listed on Cause Momentum are specific projects submitted by local nonprofit organizations. They have determined specific details and financial needs required to achieve their goals and complete their projects on Cause Momentum. Supporting a project on Cause Momentum gives you confidence in two ways:
- The organization that is presenting the project is a member agency of CFO and qualifies for a tax-deductible donation.
- The donation that you pledge is delivered through CFO directly to that member agency with no additional Cause Momentum overhead cost. CFO will assess only the credit-card transaction fee, which donors can opt to cover, and 1 percent administrative fee. (The one-time 1 percent administrative fee replaces the standard quarterly fee assessed on agency partner funds held at the CFO.)
A project has a set financial goal, set objectives and plans, and a limited time to get Cause Momentum pledges toward the goal. You can propel a goal's momentum by donating to a project on Cause Momentum or by sharing with others on Twitter, Pinterest, Email or Facebook. You can also affect project momentum by writing about and linking to the project on your blog or other search engine tracked sites. A project that has momentum will stand out on the page among other projects. So, when you find a project that you want to succeed donate, then share, and share again.
What happens when I donate to a project?
All donations to projects on Cause Momentum are made initially to the Community Foundation of the Ozarks and will appear as such on your billing statement. Upon successful completion of each Cause Momentum project, the participating organization will receive a grant for the donated amount (less fees) from CFO for fulfillment of its project.
What fees are necessary?
Our goal is to pass as much as possible of all donations to the agencies for completion of their projects. Fees are associated with credit card or payment gateway transactions (i.e. VISA, MC, Paypal, Amazon all have fees.) and the standard CFO 1 percent administrative fee. Donors can reduce the impact of these fees by selecting the "Cover my transaction cost" checkbox at the time of donation. This will help ensure that almost all of your intended donation actually supports your chosen projects.
How do the all or nothing goal deadlines work?
To be successful, a project has 45 days from the time of its launch to accumulate Cause Momentum pledges greater or equal to the project goal. Be sure to check the "donate anyway" checkbox while making your pledge to the project if you want your donation to be given to an agency regardless of a project receiving sufficient pledges.
How do I receive my tax-deductible receipt?
To download your list of tax-deductible donations visit your profile page after logging in at Cause Momentum. Select the Tax Records tab and click the link to the PDF file of the year for which you wish to download documentation. You will be prompted to save the file to your computer for archival or viewing.
Can I donate anonymously?
Yes. To make an anonymous donation check the box to opt to donate anonymously during checkout. Your real contact information will need to be in place on your Cause Momentum account to proceed with payment, and will be kept on file at Community Foundation of the Ozarks for tax purposes. However, you will remain anonymous to the agency and to public viewers of project supporters. This information will only be visible to CFO and will not be shared with anyone outside that organization, including NFP agencies.
What is the 'cover my transaction costs' checkbox?
All credit card transactions come with some sort of associated cost. Once you have decided on a pledge amount, if you elect to 'cover your transaction fees' then the project will receive all but a small percentage of your pledge. If you elect not to cover your fees, you will be charged a little bit of money on top of your pledge.
What about tax time?
All donations to Cause Momentum projects will be reflected as donations to the Community Foundation of the Ozarks and will be distributed to the member agency funds for use in their projects. This makes tax time very easy. We will email you a confirmation email that will work as a tax receipt at the time of each donation. However, at the end of the year we will send you a reminder to log in and download a single tax letter for all of your donations to use for tax purposes.
When is a donation not tax-deductible?
503c tax codes allows a donation to a not-for-profit agency to be tax-deductible, as long as you are not receiving something of value in exchange. We try to discourage agencies from setting up incentives on projects that would create this scenario. If in doubt, you should seek the advice of a qualified professional.
If I Forward Momentum is it tax deductible?
Maybe. If you forwarded momentum that was forwarded to you, then no. If you made the donation, then forwarded the balance to another individual to use for pledges, then yes.
If I have received Forwarded Momentum is it tax deductible?
No. The person who made the donation has likely made a tax deduction on these funds that you will be pledging.
What is the difference between a pledge and a donation?
In short, a donation is when you put cash into cause momentum, and a pledge is when you promise some of that balance to a project. Here is a deeper explanation. A donation is when funds are added to the Cause Momentum from a credit card, Paypal or Amazon account. The donation is the actual cash transaction. A pledge is when you promise some of that balance (sometimes immediately, as part of your donation transaction) to a project. The pledge may go to the project in the end, or if the project doesn’t reach its goal, may be returned to your account for future pledges. A donation to the Cause Momentum system never comes back out. It all ends up going to a project in the end. Your tax report for Cause Momentum donations will only list your donations to the system, not pledges to individual projects.
What is your policy on refunds?
Donations are non-refundable. In rare cases donations have been able to be refunded if the balance was not yet pledged to a project or transferred to another individual through the Forward Momentum feature. To pursue a refund you will need to contact [Community Foundation of the Ozarks] directly.
What is Momentum and how is it calculated?
A project’s momentum is the product of its mass and its velocity. If you are fresh on your physics studies, you will recognize this as a natural law. We use a complex algorithm to calculate a project’s momentum throughout its lifecycle. Many things impact mass and velocity: size and frequency of donations, goal size, social sharing, likelihood of success, repeat traffic to project, unique project views, all impact the resulting momentum score.
Can I write a check?
Yes. Contact the recipient nonprofit directly so that they may help with donation to the project by check.
How can I help spread the word about a cause?
Use the social icon links on the project page to spread the word through social media sites such as Facebook and Twitter or even through email. You might even consider contacting local not-for-profit agencies to ask how you can help them promote a certain project. They truly rely on you to help build Momentum around every project!
Can I donate directly to an organization?
Yes. This is available by visiting the any non-profit agency profile page. Use the “Donate Directly” button to initiate a single or recurring direct donation transaction.
Have questions, comments or need assistance?
If you have any questions or need any support while using Cause Momentum, please feel welcome to email us here: email@example.com