Crowdtilt Dramatically Cuts Fundraising Costs for Nonprofits – Offers Automated Tax-Deductible Receipts And Immediate Disbursement

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Service Enables Secure Fundraisers For Any Registered 501(c)(3) Organization – Integrated Social Sharing Provides Greater Visibility for Campaigns

Crowdtilt, a startup that offers a simple-to-use platform where individuals, groups, and organizations can quickly fundraise online, announced today it is now able to send tax-deductible receipts for donations made to campaigns benefitting directly registered 501(c)(3) nonprofit organizations.

Crowdtilt provides their service at an unprecedented low 2.5% fee, making it a cheaper option than any other crowdfunding website available. Since donors cover their own processing fee, this structure ensures the highest dollar amount reaches the nonprofit organization. Unlike other websites, Crowdtilt will immediately release the funds to the nonprofit for no additional fee.

The fundraising platform offers additional benefits specifically for nonprofit campaigns:

  •     Crowdtilt fundraisers typically raise 188% of their goal
  •     Any individual can fundraise on behalf of a registered 501(c)(3) nonprofit
  •     Unique tilting feature generates urgency to reach the fundraising goal
  •     Built-in social network sharing expands the reach of any campaign
  •     Funds are disbursed directly to the designated nonprofit organization

“Nonprofits are consistently working hard to raise money while also keeping their costs low. Today it’s commonplace for nonprofits to spend anywhere from 20-30 cents to raise every dollar,” said James Beshara, Crowdtilt CEO and Co-Founder. “Crowdtilt is the simplest fundraising platform on the web, allowing you to collect donations from around the world within seconds. It enables anyone to fundraise for their favorite charity for a fee that is half that of any competitor out there, and unlike other crowdfunding sites online, Crowdtilt now also provides tax-deductible fundraising options. We’re excited to see what this added functionality allows groups and individuals to use our platform for. It was a lot of compliance and regulatory work to provide this functionality, but we kept seeing users go from collecting money for a party-bus or group vacation and coming back to wanting to use it for the local charity drive or a church rec-center renovation.”

A completely secure platform that is intuitive and simple to use, Crowdtilt is the simplest way for friends or organizations to set up a fundraising drive. To find out more, please visit http://www.crowdtilt.com.

About Crowdtilt
Launched in February 2012, San Francisco-based Crowdtilt provides groups with an innovative way to raise, collect, and pool money for serious and fun endeavors. Funded by Y-Combinator, SV Angel, Crunch Fund, DCM Ventures, Paul Buchheit, Alexis Ohanian, and many others, the company was founded by entrepreneurs James Beshara and Khaled Hussein. For more information, visit crowdtilt.com.

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Bridget Gilbride
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