FAQ

As a non-profit, Global Impact works to keep the costs low for giving circles. There is a fund administration and maintenance fee of one percent (1%) of the total recommended grant amount. The fee is charged against and subtracted from the amount of the recommended grant funds prior to distribution. Fees are used to support operational costs of the platform, and allow us to offer a no minimum Donor Advised Fund (DAF) in support of democratizing giving.

There is a 3% credit card and a 4% e-check processing fee. No fee is charged on standard checks. Many giving circles choose to ask their members to cover the processing fee when making a contribution.

When opening an account, you’ll be designated as the Primary Advisor. As the Primary Advisor, you can add a Joint Advisor to the account. The Joint Advisor will share the same administrative privileges with the Primary Advisor over their Growfund, including the right to contribute funds to the account, grant funds from the account to organizations, receive account statements, and change account preferences.

Both Primary and Joint Advisors can also add Secondary Advisors to a Growfund account. Secondary Advisors have read only access to the account meaning they can contribute to the account, but not make grants and do not hold other administrative privileges.

Yes, giving circles administrators appreciate the ability to access account contribution history, including records such as name, and email of donors helpful in managing administrative matters. Reports can be exported allowing the ability to create mail merges if necessary. The following contribution and grant reports can be generated directly from your account. As part of your onboarding process, a Growfund representative is happy to walk you through running reports. Please email [email protected]

Contribution Reports (Found underneath the Contribute tab – Review Fund Contributions)

• Average contribution amount
• Date of contribution
• Contributor Subscription Information
• Contributor name, address, email, contribution type (CC or Check), recurring or single contribution, and donor comments. This report can be exported for mail merge into an existing CRM.

Grant Reports (Found underneath the Make a Grant tab – See Grant History)

• Grantees
• Average grant size
• Date of distribution
• Grants by fields of interest (NTEE Code)

Please email [email protected] and a Growfund representative will be able to assist you. After you submit requested changes, our team will make the revisions in 1-3 business days.

• Login to your account
• Go to “Update My Profile” within the Activities Center to update your information

Absolutely. To add a Joint and/or Secondary Advisor, please fill out the Account Access Form and submit it to [email protected]. To add or change the beneficiaries, please email us at [email protected], and we can do it for you.

The recipient organization receives notice that the grant has been made by the Giving Circle via Growfund. This is the case unless the grant has been marked anonymous, in which case the organization will receive a letter stating that a grant has been made by an anonymous donor via Growfund.