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Jul 29, 2008

At the 1DollarClub, we pride ourselves in our mission to change the world one dollar at a time. This being said, it is a top priority to make sure that as much of your donation as possible goes to making a difference. Unlike some big legacy charities that have extremely high overhead costs and administration fees, the 1DollarClub makes it a point to keep these costs at or below 10%. Currently, this 10% administration expense is entirely a payment processing fee from Paypal. Because our transaction amounts are so small - $1.00 - there is a 5% processing fee, and a $0.05 transaction fee, this ends up being a significant part of the donations.  Unfortunately, as a new 501c3 organization we have done everything within our power to get PayPal to waive their fees, but until this point we have been unsuccessful.

 

As we continue to grow and earn more credibility as an organization we are planning on implementing some very innovative administrative practices. Our whole concept of the 1DollarClub.org is very simple, that people can ONLY donate 1 Dollar. So no matter whom you are whether you are Warren Buffet or the average everyday person, your 1 dollar has the same impact, thus putting all people on the same level. In the future, we will be accepting larger donations from individuals and organizations but those dollars will be put specifically towards our administrative expenses making our global fund solely from donors who have donated one dollar, and eventually our administrative expenses will become a negative percent.  

 

Unfortunately, we do not have massive funds to spend on administration, fundraising, and overhead costs like large legacy charities such as the Red Cross, ARC, or Habitat for Humanity.  However we are offering a new way, an innovative way, a 2008 way for you to be part of making a difference in the world, with something as simple as just 1 dollar. 

 

Visibility: Everyone
Posted: Tuesday July 29, 2008, 4:14 pm
Tags: change food peace shelter health one movement cause difference costs fees dollar1 [add/edit tags]

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Mike Johnson
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male , single
Minneapolis, MN, USA
MIKE'S SHARES
Aug
7
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To date, 1DollarClub.org is in cooperation with four charities that strongly support 1DollarClub’s mission and goals. These charities include Doctors Without Borders, Free Rice, The Elders, and Shelter For Life. Each of these charities was stra...
Jul
23
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As most of you know one dollar in itself does not do much or mean much these days therefore you might be curious as to why the 1DollarClub only asks for $1. The 1DollarClub is not just about giving a dollar to charity; it is about creating a movement...
Jul
21
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Some really exciting things are starting to happen with http://1dollarclub.org! One of which is that we are nearing our first benchmark of $100. This may not seem very significant however when you take a look behind the scenes, some very extraordinar...


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