Donor Group Provides Funds To Waive Payment Processing Fees For Arizona Gives Day, Putting More Money In Nonprofit Coffers
Nonprofit Payment Processing Fees Covered Up To $3 Million Raised on AZGives.org
A group of donors has provided separate funding to the Alliance of Arizona Nonprofits to waive payment processing fees normally paid by nonprofits participating in the Arizona Gives Day 24-hour online fundraising event, scheduled this year on Tuesday, April 7. Arizona Gives Day, a collaboration with the Arizona Grantmakers Forum, is presented by FirstBank.
“What this means is more money goes directly to the nonprofits at a time that has never been more critical because of the impact of the COVID-19 pandemic,” said Alliance of Arizona Nonprofits CEO Kristen Merrifield. “Nonprofits have always had to cover the 2.1 percent fee charged by the payment processor. Thanks to the generosity of our donors, we’re able to waive that fee.”
Historically, 80 percent of donors…