Non-Cash Donations

Cornerstone has selected iDonate as our partner for non-cash donations. We are very careful when we establish partnerships to serve our clients. We are confident that iDonate will make it possible for any ministry or nonprofit organization to accept just about any non-cash donation that. iDonate “just handles it” for your organization. Their sophisticated expands your ability to accept donations such as cars, trucks, boats, gift cards, computer, jewelry as well as stocks and bonds.

Receipting

Non-cash donations have different receipting requirements than simple cash gifts. Some requirements are dependent on the type of non-cash asset. We take care of the receipting through iDonate Foundation.

IRS Compliance

Not only do we provide donors with IRS-required receipts, including 1098-C forms for vehicles, but we also show the vehicles in the 990 and file appropriate 1098-C and 8282 forms with the IRS.

Sellers

You don’t have to call around to find a stranger to sell it for you. We have developed networks with reputable sellers throughout the country for common non-cash donations.

Physical Transfers

You don’t have to worry about going to pick up whatever donation has been offered. We’ll either take care of the towing or help arrange the shipping – from anywhere in the United States.

• What do I need to sign up?

  You'll need a credit or debit card to sign up. 

• When will I receive my funds from cash donations?

  Credit and debit card donations are deposited without delay – usually within 2-4 days. eCheck donations are transferred to your organization’s bank account on the next business day via a single daily ACH deposit.

• What are the transaction fees for non-cash donations?

  These are the fees for liquidating a non-cash donation. These fees are transaction-based and only charged when there is an non-cash donation made to the nonprofit. Transaction fee detail is viewable to the nonprofit via the iDonate Admin Back office included in your subscription. The amount of fees varies depending on the donation type. The iDonate Terms of Service and a detailed schedule of fees can be found by clicking on the following link – Non-cash Fee Schedule.

• How much are the merchant service fees?

  We provide one of the processing lowest fees in the industry. Please contact your representative for pricing.

• How much does an eCheck cost?

  Please contact your representative for pricing.

• When will I receive funds from noncash donations?

  This depends on the donation type, but in most cases you will receive your donation proceeds within a few weeks. The iDonate Admin Backoffice system provides detailed donation tracking, allowing you to monitor the status of your noncash gifts. Upon liquidation, the net proceeds will be mailed to you via a check.

• When can I begin receiving donations?

  Once the unified giving system is live on your website, you can start receiving donations. Make sure you follow the provided Quick Start Guide for faster activation.