Online group-funding campaign platform, Crowdtilt, has an update to its service. It has become certified to legally secure fundraisers for any registered 501(c)(3) organizations. And on top of that, starting today, it can issue tax-deductible receipts for donations to them.
Services like Rally, Crowdrise, Kickstarter and others all offer a platform through which anyone can raise money for their favorite cause(s). With this announcement, Crowdtilt will join them, but it says its 2.5% transaction fee sets it apart from the rest — Rally charges 4.5% while Crowdrise takes at least 4.95%, and Kickstarter takes 5%. But now, starting today, nonprofits be able to immediately receive released funds for no additional fee.