We believe that donations to charity shouldn't be eaten by ridiculous payment fees. The world is going digital and electronic should mean efficiency. Why then, is it so expensive to donate online?
We exist to dramatically lower the fundraising costs of Australian charities. We established Good Thnx Foundation, a public ancillary fund with deductible gift recipient (DGR) status, and helped build thnx.me to prove that it can be achieved.
There is no direct cost for a charity to be listed on thnx.me, the app, nor for the receipt of donations. 100% of the intended donation passes through.
Australian individuals give $7.7billion/year. Transaction providers are now typically taking between 5% in the form of fee, a % cut for revenue, and in some cases, even an annual fee. A donor may never actually see this, but the charity pays.
Are we going to accept ~$385million in transaction fees, in Australia, alone? This is money that should be used to help end recipients of these charities.
Although the amount given to charity continues to increase year-on-year, the actual number of people donating is decreasing. People don't live forever, which equals a big problem on the horizon unless the next generation is encouraged to give.
See: Donor numbers drop as generosity fades
Our focus is on simplicity and efficiency following the realisation that doing good and rewarding positive behaviour is a much healthier and nicer way to live. Our thanking platform thnx.me spreads gratitude and raises money for charity at the same time.
Sitting behind thnx.me is an efficient payment system that collects and aggregates many small donations, periodically redistributing those funds to the users' charities of choice. Funds are managed through this foundation, which is a non-profit Public Ancillary Fund with deductible gift recipient (DGR) status.
There is no direct cost for a charity to be listed on thnx.me, the app, nor for the receipt of donations. 100% of the intended donation passes through.
Say thnx to a friend Try it for free :)
Good Thnx Foundation is a non-profit public ancillary fund, which means that it collects donations (also called 'gifts') from the public into its Gift Fund and then distributes those donations to charities and other organisations who have deductible gift recipient status under item 1 of the table in section 30-15 of the Income Tax Assessment Act 1997 (Cth).
Search for us on ACNC ** Australian Charities and Not-for-Profits Commission Register
Shannon Poulton
Mateus Nolasco
Ante Juricin
Good Thnx Foundation
ABN 93 518 935 755
5 Peel Street, Adelaide
South Australia 5000