The startups that raise on Republic set the terms at which they sell their securities.
Companies fundraising on Republic must disclose a limited amount of information to you, including:
a. general information about the company, b. its officers and directors, c. a description of the business, d. the planned use for the money raised from the offering, often called the use of proceeds, e. the funding goal, f. the deadline for the offering, related-party transactions, g. risks specific to the company or its business, and h. financial information about the company.
You should use this information to determine whether a particular investment is appropriate for you.
The type of financial information disclosed as well as verification of finances varies based on whether the company has raised via crowdfunding in the past, as well as the amount being raised.
$107,000 or less – financial statements and certain specific line items from income tax returns are required, both of which are certified by the principal executive officer of the company.
$107,000.01 to $535,000 – financial statements are reviewed by an independent public accountant and the accountant’s review report is provided as well as certification by the principal executive officer of the company. A review is some level of scrutiny of the financials by a CPA.
$535,000.01 to $1.07 million – if first time crowdfunding, then financial statements reviewed by an independent public accountant and the accountant’s review report if available are disclosed: otherwise financial statements audited by an independent public accountant and the accountant’s audit report must be prepared and disclosed. An audit provides a higher level of scrutiny by the accountant than a review as well as some verification by the accountant.
Each offering has a discussion forum where you should ask any questions you have and review those asked by other investors. These channels can be useful both before and after making an investment.
Once an offering has closed, the company will provide updates on the results of its operations and financial statements through its website on an annual basis. These updates are likely to be less regular and robust than those provided by public companies to their shareholders. Republic likely will not retain any relationship with the company. Republic does not make the Company’s post-closing disclosure available to you through its website.
Read Next: Selling restrictions Republic’s commission Invest in promising early-stage companies Become an investor
Q&A Interview questions Sama Jashnani Co-founder/CEO DownToDash
Q&A Interview questions DownToDash
Welcome everyone – I’m Kyle Martin Financial Blogger @ www.moneysensewithkyle.com. Today we have Sama Jashnani Co-founder / CEO DownToDash for a Q&A Interview to learn more about this startup company, What they do?, Where are they going?, How they will get there?, Obstacles along the way, and Why to invest in DownToDash.
Kyle – Welcome Sama!
Sama – Thank you so much for having me, I really appreciate it.
Kyle – Sama..tell us about yourself
I am an entrepreneur, connector, speaker and I also love dancing, trekking, adventure, food and just meeting new interesting people. I co-founded a social enterprise and e-commerce platform and worked at a global marketing agency. I also got a full scholarship to study Marketing and Strategy at Warwick Business School.
Kyle – What does your company do?
DownToDash is an app to make quality activity buddies. It connects people in the same location based on what they are down to do, whether it is workouts, sports, movies or other activities. Users can post specific plans, for example, play Tennis on Thursday at 5 pm at McCarren Park and other users can join. We will also add closed networks within the app for students and employees. For example an employee can verify his account through a delloitte.com email address and connect with employees only. Our focus will always be on the security of our users and finding a high-quality activity buddy. We will use Artificial intelligence and our algorithm to match people based on their skill level and ensure that they are a good match for the experience.
Kyle –That’s some cool technology. Where will your company be in 5 years?
We project to be at 3.5 million users and $ 13.83 million in revenue in 5 years, using a conservative approach. We want to be the one-stop shop for meeting people all over the world. You can discover experiences, book the experience and your means of transportation through one app. We will also incentivize users to socialize by adding group discounts for experiences. We believe we have a strong exit potential and strategy (WeWork recently acquired MeetUp for $200 Million).
Kyle –Outstanding. How far along are you? What's your biggest obstacle?
We have 5286 users, 3913 monthly active users and 60,000+ successful plans created on the app. We created an internship program that was selected to be in the Top 100 Internship programs in the US by CNBC. Make it and want to scale this ambassador base. Also, we were recently featured on Entrepreneur Elevator Pitch Season 3. Our biggest obstacle is the inability to scale quickly without sufficient funding.
Kyle – Ok great. Who are your competitors? Who is the biggest threat?
The most similar existing platform is Meetup but Meetup operates only for groups and has no age filter. Bumble Bff and Vina are friend-focused but are only for female friendships. They are not focused on specific plans (example Tennis on Thursday at 5 pm). Moreover, Bumble is also a dating app. Our focus on activities and specific plans is our unique selling point.
Kyle – We want to know, How will you make money?
We offer $75, $100 and $200 per month advertising packages for the marketing of events and experiences. We are working on automating this process by incorporating ‘bookings' within the app, for example two people can book a Tennis court through the app and we will charge them a fee. We will also add paid accounts for users with premium features for $3 per month and gather patterns in our data to provide guidance and predictive analysis to companies that deal with specific cohorts.
Kyle – On Wefunder.com DownToDash has raised $19,550 of a $50,000 – $1,070,000 goal with 70 investors. How do you plan to spend the money raised?
51% towards technology and product development, 35% towards marketing and 14% towards our team and legal expenses. We will immediately invest in revamping the product and adding exciting features such as closed networks. We will also start Instagram ads and influencer campaigns.
Kyle –Fantastic! How are you different from other competitors?
Our focus is on security of our users and finding a high-quality activity buddy is what makes us different. Users love that our ‘plans’ feature is spontaneous and allows them to do what they love, according to their availability and preferences. Our millennial-friendly branding and positioning also gives us an advantage.
Kyle – I know users love to know security is important and finding a high quality activity buddy set you apart. What’s Next?
We got into Founder University by Jason Calacanis and are super excited to explore the tech ecosystem in San Francisco and also promote the app there.
Kyle – Why should we invest in DownToDash and how?
Technology and social media have been criticized to create loneliness, isolation and depression. We are using technology to foster real-life interactions and want to change the way people meet all over the world! This is your one chance to come onboard with this exciting opportunity of investing in an upcoming social media giant! Here is a link to our campaign: https://wefunder.com/downtodash/
Kyle – Thank you Sama for sharing with us this exciting technology to bring people together. Audience, you now have the inside scoop on DownToDash straight from the Co-founder CEO of DownToDash. It’s a new exciting app that's going to be secure and bring high quality activity buddies together. If your interested in investing in this startup company the current campaign is at this link: https://wefunder.com/downtodash/. Any questions contact Sama email@example.com use the Leave a comment button on my website http://www.moneysensewithkyle.com.That’s all for today. Thank you and we’ll see you in retirement.
The startups that raise on Republic set the terms at which they sell their securities.
Please be sure to carefully review the Risk Disclosures. The following section is excerpted from that lengthier document.
Some of the key risks to know before you invest in startups:
Crowdfunding investments are highly risky and speculative. You should do your own research and scrutinize all disclosed risk factors before making an investment decision. The following are some of the key risks applicable to Republic offerings:
Speculative. Investments in startups and early-stage ventures are speculative and these enterprises often fail. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. You should be prepared to lose your entire investment.
Illiquidity. Your ability to resell your investment in the first year will be restricted with narrow exceptions. You may need to hold your investment for an indefinite period of time. Unlike investing in companies listed on a stock exchange where you can quickly and easily trade securities, you may have to locate an interested private buyer when you do seek to resell your crowdfunded investment.
No voting rights. A Crowd SAFE does not provide voting rights to its holder, unless and until the Crowd SAFE or the note is converted into an equity stake. If and when you receive voting shares in a company, your voting rights will likely be diluted when the company raises additional funds.
Cancellation restrictions. Once you make an investment in a crowdfunding offering, you can cancel the investment at any time and for any reason up to 48 hours before the offering deadline.
Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult. You risk overpaying for the equity stake you receive. The class of equity being sold via a crowdfunding offering may have fewer rights than other equity classes issued by a company.
Limited disclosure. The company must disclose information about itself, its business plan, the offering, and its anticipated use of proceeds, among other things. An early-stage company may be able to provide only limited information about its business plan and operations because it does not have fully developed operations or a long history to provide more disclosure. The company is also only obligated to file information regarding its business annually, including financial statements. Under certain circumstances the company may cease to publish annual reports and holders of the Crowd SAFE will have no information rights.
Investment in personnel. An early-stage investment is also an investment in the founding entrepreneur(s) and/or management of the company. Being able to execute on the business plan is often an important factor determining whether the business will be viable and successful. You should also be aware that a portion of your investment may fund the compensation of the company’s employees, including its management. You should carefully review any disclosure regarding the company’s use of proceeds.
Possibility of fraud. As with other investments, there is no guarantee that crowdfunding investments will be immune from fraud.
Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g. angel investors and venture capital firms). These investors often negotiate for seats on the company’s board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company primarily financed through crowdfunding may not have the benefit of such professional investors.
Again, please be sure to review more extensive Risk Factors here.
The startups that raise on Republic set the terms at which they sell their securities.
You’ve probably heard the term “crowdfunding” before: perhaps in the context of a Kickstarter campaign or a GoFundMe page. It’s basically a financing model that collects small sums of money from a large number of people — i.e. the crowd — over the internet. Equity crowdfunding uses that same basic model, but it's appropriate for startups, rather than causes and creative projects, and in return the backer gets a percentage of ownership or a financial stake in the company.*
* – On Republic, they typically get the Crowd SAFE.
How is equity crowdfunding different from other types of crowdfunding?
There are essentially three kinds of crowdfunding: reward-based, donation-based and equity-based.
1 Reward-based crowdfunding Is when you contribute money and get a reward in return. This is mostly used for creative campaigns, and there are often varying levels of rewards, or perks, that correspond to pledge amounts. Think Kickstarter and Indiegogo.
2 Donation-based crowdfunding Is when you contribute money without expecting anything of value in return. This exists largely to fund charitable causes, like building a well in Kenya, or personal campaigns, like helping someone pay their medical bills. Think GoFundMe, YouCaring and CrowdRise.
3 Equity-based crowdfunding Is when you contribute money to help fund the growth of a company, and receive a slice of the financial pie in return (but you can get perks too). These campaigns tend to yield much larger funding amounts. Think AngelList, FundersClub and yours truly, Republic.
What is Title III and why is it a big deal?
Equity investing isn’t new, but in the past only “accredited investors,” or wealthy people who earn more than $200,000 a year or have a net worth of over $1 million, were allowed to take part. In theory, this was to protect the non-wealthy from bad decisions and financial ruin, but the flip side was that ordinary citizens were denied the opportunity to invest as they saw fit. For example, AngelList, the world's most popular online investing platform, only allows accredited investors to invest. That all changed in May 2016, when the SEC launched the new rules under the name “Title III” (full name Title III of the Jumpstart Our Business Startups Act, also called Regulation Crowdfunding or Reg CF for short). President Obama’s words after he signed the bipartisan act, designed to make it easier for small companies to fundraise:
“For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in. — Barack Obama”
The rules stated that 1) entrepreneurs can now raise up to $1 million in a 12-month period from non-accredited investors, and 2) investors can invest a limited amount per 12-month period based on their income and net worth. It might sound a bit dry, but this is big. We're talking democratization-of-finance big. It means potentially opening up to the masses opportunities once reserved for the rich. It means a level playing field, where citizens interested in investing are no longer treated differently based on the amount of money that they have.
Why we’re excited
Because more investors mean more startups, and more startups means more social innovation and progress. This is what it looks like to fund the future. That’s why Republic is focused specifically on Title III equity crowdfunding. Read more about our mission here.
Why you should be excited
Well, we think you should be. To help you decide if startup investing is for you, see: how do I start investing in startups. Even if you’re not ready to invest right now, join Republic — we’re a community of tens of thousands of people interested in startups and investing.
The startups that raise on Republic set the terms at which they sell their securities.
What is the Crowd SAFE?
A Simple Agreement for Future Equity
A Crowd SAFE is an investment contract between investors and companies looking to raise capital.
Individuals make investments in exchange for the chance to earn a return—in the form of
equity in the company—if it’s acquired or has an IPO.
The Crowd SAFE was created by Republic
and is an equity crowdfunding-specific version of a SAFE,
a financial instrument widely used by angels and VCs investing in startups. It’s now used by
several industry players in various forms.
How does it work?
Investors using the Crowd SAFE get a financial stake in the company, but are not immediately
holders of stock. Investments are converted to equity if certain “trigger events” occur, such as
the company’s acquisition or IPO.
Risk note: trigger events are not guaranteed. Investors should see them only as possibilities.
How much can I earn?
Your return depends on your investment amount, the company’s exit valuation (how much the
company is worth if and when the trigger event happens), and the terms of the Crowd SAFE.
Helpful calculators demonstrate how different offering terms and company outcomes produce a range of returns on investments.
Risk note: If there is never an exit valuation you may never get a return on your investment.
Risk note: Calculators can't be used to project performance of one particular investment, but
can serve as an educational tool for those making investment decisions on our platform.
Terms of the Crowd SAFE
Each company can customize its Crowd SAFE, including or excluding certain provisions. Most
include a valuation cap and a discount. If the Crowd SAFE includes both a valuation cap and a
discount, the provision more favorable to the investor applies if there is ever a trigger event.
The valuation cap specifies the maximum valuation at which the investment converts into
equity shares or cash. This means that investors, when a trigger event occurs, receive
equity shares or cash at the valuation cap price—no matter the valuation at which the
company sells. Therefore, the higher the valuation of the company at the time of sale, the
greater the investor’s return.
If a trigger event for the company occurs, the discount provision gives investors equity
shares (or equal value in cash) at a reduced price relative to what others pay at IPO or for
the company’s acquisition.
Risk note: If there is never an exit valuation you may never get a return on your investment. If no subsequent equity financing or trigger event occurs, the Crowd SAFE will not convert and produce no return for the investor, likely leading to a loss of invested principal.
The startups that raise on Republic set the terms at which they sell their securities.
Minimum funding goal
The minimum amount the startup needs to raise. If the startup doesn’t reach the minimum funding goal before the campaign end, their campaign is considered unsuccessful, and all investments are refunded to investors.
Maximum funding goal
Maximum amount of funds the startup is willing to raise in this campaign, at these terms. When the startup reaches their maximum funding goal, they stop accepting investments.
The campaign will run for a predetermined period of time, regardless of whether or not the startup reaches its minimum or maximum funding goal at any point.
Each crowdfunding campaign has:
1 A start and an end date even if the startup reaches their minimum funding goal before the deadline, the campaign will run and remain open for investments until the deadline.
2 Investment cancellation deadline a deadline for canceling investments is common to all campaigns and is at the 48 hours mark prior to the campaign's end date. Past that point, your investment will be final and you won't be able to cancel or get a refund.
The startup sets the minimum investment size they will accept. Republic allows startups to go as low as $10, but the typical minimum investment ranges between $25–$100. The startup can also choose to limit the maximum investment amount, if they wish to allow more investors to participate.
Terms of the Crowd SAFE™
When you invest on Republic, you typically receive a Crowd SAFE — a security issued by the startup. The Crowd SAFE is not equity, it is an agreement for future equity, meaning that it can convert to equity in the future. Each company Crowd SAFE's terms are different, but they typically include two main parameters – valuation cap and discount – that determine how the specific Crowd SAFE converts to equity. Learn how the Crowd SAFE works.
Republic Crypto deals may use a different instrument called the Token DPA.
Changing the terms during the campaign
If a company makes a material change to the deal terms or other information disclosed on the campaign page while the campaign is running, they are required to notify you and get your confirmation that you still want to invest.
You will have 5 business days to reconfirm your investment after the confirmation request has been sent to you. If you do not reconfirm within 5 business days, your investment will be cancelled, and you would have to reinvest if you still wanted to participate.
Review these general guidelines for crowd investing
Please note: while Republic’s team diligently and carefully screens all startups with the goal of presenting you with the best investment opportunities, Republic does not give any investing advice or assume responsibility for your losses. It’s your responsibility to pick the companies you believe in. Please review Republics terms of service.
Invest long term
Set realistic expectations: even investments in companies that later succeed will not return your money for years, if at all. Never invest more than you’re comfortable losing.
Spread your investments across multiple companies to diversify financial risk. Remember, that diversification is not a guarantee of profit and cannot protect against losses. Diversification involves investing in many types of investments.
Do your own research
Check company’s full filing (Form C) on SEC and get second opinions
Review risk disclosures in the risks section of the startup’s campaign page
Review and participate in the discussion forum for each offering you are interested in.
All companies that list on Republic register their fundraise through SEC. You can always find more information about each company if you follow the Form C link on their campaign page, or search SEC’s EDGAR database.
Learn about the company through other public sources. The information on the deal page is submitted by startups and Republic is not responsible for factually verifying this information. Republic does not and cannot recommend or endorse any company or offering.
Pay close attention to any disclosed dealings between the company and its officers, directors, employees or founders.
Review the deal terms
Review the terms of each deal carefully, including rights associated with the offered securities. You generally will not have the same rights as other investors (including voting and information rights).
See also: understanding deal terms.
Understand your rights
As an investor in a crowdfunding offering, you likely will have less rights than other investors. For example, Crowd SAFE holders typically don’t have any information or voting rights. Your rights may vary on a company to company basis and It’s important that you review and understand them.
See also: how Crowd SAFE works.
Know that: 1 Startup investing is risky!
While some startups succeed and can bring substantial upsides to investors, most will fail. Read about the financial risks. 2 Past performance does not predict future success
Just because a founder has had success with a prior company doesn't mean he or she will succeed with their current startup. 3 Startups change plans constantly
And they don't need your permission to do so. Plans and forecasts are not predictions of the future. 4 Your stake might be diluted
As a company raises money, the ownership interest of each past investor will be diluted.
Last but not least: Invest in companies you love
Invest in a startup because you love their mission, product or service, not just for potential profit or return.
Understanding deal terms
How the Crowd SAFE works
Republic strives to identify and present to you great startups, providing the best investment experience and opportunities. Republic carefully curates the startups for you from thousands of applications.
The selection and review process:
Initial screening Due diligence Final decision
1 Initial screening
Republic firsts look for strong positive signals using the FPTM model:
Founders — Product — Traction — Mission
Among the things Republic looks for:
dedication, diversity, location, charisma, experience, vision, track record, network, competence, long-term partner, ability to execute.
Is the idea (the problem and solution) compelling? What are the execution, quality, attention to detail, and technology like?
Has there been measurable progress, growth, and social proof (i.e. user engagement, stakeholder engagement)?
How is this startup going to make the world better?
2 Due diligence
After Republic determines the startup is a good fit following the initial review, they kick off the formal due diligence process: they look at the startup’s business in-depth and, if necessary, tap into our networks to help evaluate the following 8 factors (in no particular order):
How does the startup make or intend to make money? How much can it make?
How big is their impact and how will they fulfill their mission?
How large or disruptive can this business be? What’s their unfair advantage over the competitors?
How is technology used to solve the problem? How unique and difficult to replicate is it?
Besides founders, does the team have the right people in the appropriate roles, experienced advisors, driven employees?
Is the information presented in the pitch factual? Republic verifies key contracts and important agreements.
Are the funding goals reasonable for the startup’s runway? Is the valuation cap appropriate at the startup’s current stage?
Does the startup meet the legal criteria for equity crowdfunding? Republic does a financial and legal review and run background checks on founders and officers. As well, all companies must be US based.
3 Final decision
Due diligence extends to the end of the onboarding process. That’s when Republic makes the final decision to launch the campaign, per all the checks being met.
Only then — finally — the startup goes live on Republic for your consideration.
Even after the campaign goes live, Republic continues to fact check and monitor the campaign to ensure investors are educated and protected.
How Republic knows which startups are good
Republics experience + reputable referrals.
Republics team brings experience and knowledge from AngelList – the world’s #1 platform for accredited startup investing, McKinsey, Merrill Lynch, and Zynga, among others. As a team, Republic has deep experiences in investing, online fundraising, law, business, engineering and brand and community building. Republics team have been founders and investors, builders and operators, and we get the support of our vast network of advisors, founders and investors.
Republic considers startups referred to them by sister companies, partners, and networks.
Where Republic finds startups
Because it’s Republics top priority, they spend a lot of time looking for awesome startups. Startups have come to Republic via:
Referrals from partners: sister companies, accelerators, startup hubs, etc.
Republics personal and professional networks
Online applications from Republic
Referrals from companies who have raised with Republic
Republic regularly host events and competitions for startups
Republic travels all over US to tech conferences & events.
How should I invest
Understanding deal terms
What's so special Crowdfunding is not new, but until recently, “crowdfunding” in the U.S. meant buying a product or donating money. Separately, only wealthy people were allowed to invest in early stage private companies. Thanks to Republic and newly adopted laws, you can now be an angel investor in startups, no matter who you are or where you live. The law requires that before you invest, you first understand the risks and the rules of investing. At the very least, please review the educational materials we provide and consult additional resources at your discretion.
What do I get when I invest When you invest on Republic you receive a financial stake in the company in the form of a security. Most startups on Republic opt to use a security called the Crowd SAFE. In addition, most companies choose to give out perks as a reward for your investment. Startup investing can be fulfilling beyond the potential monetary return. Not only are you joining founders on their exciting journey, you’re betting on a company’s future and gaining a chance to aid in their success.
How do I get a return Startup investing is risky and there are no guarantees of a return: many startups fail, and investments are lost. But some startups will succeed, and if they get acquired or IPO at a valuation higher than the one at the time of your investment, you will earn a return. Additionally, if the company has another financing round, it can decide to issue Shadow Shares to you, with economic rights that provide a return.
Crowdfunding-specific limitations and rules you should know about:
Limited investment amount You can only invest up to a certain limit per rolling 12 months across all equity crowdfunding campaigns (not limited to those on Republic). Your limit is automatically calculated based on your income and net worth when you create an investor profile on Republic.
Limited transfer of securities The securities (in most cases, the Crowd SAFEs) you get when you invest have limitations of transfer for the first year following the investment. You can only transfer (gift or sell) the securities:
• Back to the startup • To an accredited investor • To an immediate family member • In these other cases (see below)
Can I sell my stake in the startup? You’re allowed to sell your stake in a crowdfunding investment starting one year after your investment is provided to you, and earlier under some circumstances. However, there’s no guarantee that someone will be willing to buy it at that point.
Click on the link below to Republic.co to learn more about Angel Investing. I will share more topics for how crowd investing works and becoming an Angel Investor in the coming weeks. You can also follow me at moneysensewithkyle.com and I will share the journey with you.
Philanthropy means the love of humanity. When giving to your favorite non-profit or 501(c) (3) organization, which is tax-exempt under the internal revenue code, be sure to check with your employer if they have a Matching Gift Program where you can double the donation. For example, we lost my granddaughter at birth in 2017 due to Congenital Diaphragmatic Hernia, a diaphram birth defect that occurs before birth. We were traumatized. In order to help alleviate the pain of our loss, my daughter who was a student at University of Arkansas Community College Hope-Texarkana established The Chandler Michelle Daffern Memorial Scholarship giving preference to single mothers seeking a degree in the health professions field. To honor her memory, I donated $3,500. After checking online, I found my employer at the time (Firestone Building Products a subsidiary of Bridgestone Americas) had a Matching Gift Program. I found the form online, filled out Part I of the form, attached a copy of my donation check and sent it the UACCH-T Executive Director. The school officer fills out Part II then sends the form electronically with a copy of the check donation to the company Trust Fund. In just a few months I doubled my donation to $7,000. Along with other donations we were able to fully endow the scholarship ($10,000) within 2 years. The scholarship will now help a single mother in the health professions field each year to ensure Chandlers legacy will live on forever. Please check with your employer their policy on Matching Gift Program before giving to your favorite organization and double the donation. You may can get a copy of your company employers Matching Gift Program form online or see your company Human Resource Manager. See a generic copy of the Matching Gift Program purpose and form below:
Full -time salaried and hourly teammates of (your company and its subsidiaries) who have at least six months continuous service. Former teammates who have retired and are eligible to receive a Normal, an Early or a Disability pension under the Company’s Retirement Plan. Former teammates who have earned a Deferred Vested Pension are not eligible.
Accredited universities and colleges, including junior and community colleges, in the United States. Gifts to independent college funds or separately organized funds, if certified as organizations that will transmit gifts to eligible universities or colleges. The college, university or fund must meet the requirements of the Internal Revenue Service as an organization to which deductible charitable contributions may be made. Gifts are not eligible if either the gift or matching gift constitutes payment for tuition, books, fees, dues, athletic programs (equipment, uniforms, etc.), booster clubs, church subsidies for private schools or other similar items at the recipient institution or fund, or for the benefit of any specific individual including the donor. However, athletic scholarships do qualify. Where benefits (preferred tickets to athletic events, etc.) are derived by the donor, only the deductible portion of the gift is eligible for matching purposes.
Only gifts of at least $50 made by check, charge or securities (average value on day of gift made), as distinguished from real or other forms of personal property, are eligible for matching. Pledges as such will not be matched until payment is made. Gifts made in a calendar year will be matched in that calendar year or in the first calendar half of the next calendar year if made in the last calendar quarter of the previous year. Gifts must be the personal contribution of the donor, not a gift made with funds provided in whole or in part by others or from the donor’s business account. Proof of payment must be retained by the giver for two years. Gifts of spouses are not eligible for matching.
The (Your Company Trust Fund) will match gifts on a dollar-for-dollar basis of $50 or more to an aggregate maximum of $5,000 per eligible giver, per year. Subject to these limits, a qualified giver may make as many gifts to as many eligible recipients as he or she chooses. If this gift is matched by another organization, it does not qualify
The Trust Fund’s Matching Gifts will be paid quarterly to each eligible college, university or fund. Gifts will be considered for matching if properly completed applications are received in the (Your Companies Trust Fund) office within six months from the date of the donor’s gift. Each gift must be accompanied by this complete form.
Decisions concerning any request under this program shall be final and the company reserves the right to revise or terminate this program at any time and to refuse a request to any organization. No mechanical reproductions of this form will be accepted. You must use original forms.
HOW TO PARTICIPATE
· TEAMMATE OR RETIREE TO COMPLETE PART I, then send this form with your gift or copy of gift (check, charge transaction or security sale) directly to the college, university or fund.
· SCHOOL OFFICER TO COMPLETE PART II, then send this form along with copy of gift (check, transaction or security sale) electronically to MATCHINGGIFTS@YOURCOMPANY.COM or remit to:
SECURITIES ( ) NUMBER OF SHARES _______________ TOTAL VALUE $ ____________________
(AVERAGE VALUE ON DATE GIFT MADE)
NAME OF SECURITY AND ISSUER _______________________________________________________
NONDEDUCTIBLE PORTION IF ANY $ ___________________________
I certify that the information submitted herewith is correct and I authorize the recipient college, university or affiliated organization named above to report this gift to (company name Inc.), in order to obtain a contribution under the provisions of the (company name ) Trust Fund Matching Gift Program
I certify this contribution does not constitute a duplicate match and was received from this institution from:
NAME OF DONOR ________________________________
And I further certify that this organization is recognized by the U.S. Treasury Department as one to which contributions are deductible by the donor for Federal Income Tax purposes and which is not a private foundation within the meaning of section 509(a) of the Internal Revenue Code.
Also, I understand that this gift and the matching gift will not constitute payment for tuition, books, fees, dues, athletic programs (i.e. equipment, uniforms, etc.) booster clubs, church subsidies for private schools or other similar items at this college, university or organization, nor is it for the benefit of any special individual.
NAME OF AUTHORIZED OFFICIAL _____________________________________________
TITLE OF AUTHORIZED OFFICIAL ______________________________________________
NAME OF THIS INSTITUTION OR IT’S RECEIVING AGENT _____________________________________