Nonprofit Disbursement Agreement
I understand that donations made on my organization page will be disbursed to my organization via a valid checking account through direct deposit through Stripe. I understand that my organization shall not generate separate receipts for tax deductibility to individual donors. All donors will receive emailed receipts automatically generated by the GiveGab platform and will include information necessary to mark their donation as a tax-deductible gift to your organization and will include your organization’s name and EIN, along with donation date and amount.
I understand that to allow my organization to receive donations through Give Local Lancaster, I, or someone from my organization, will provide necessary information to allow for direct deposit into a valid checking account. Such information can include organization’s legal name, EIN/Tax ID, mailing address, an organization representative’s legal first and last name, the last 4 digits of the representative’s social security number, and date of birth. In addition, we will provide the routing number and checking account number for the organization’s checking account. I understand that none of this information is stored within GiveGab, but is safely encrypted and verified by Stripe to confirm that the nonprofit has not been listed by the Office of Foreign Assets Control (OFAC) as a Specially Designated National (SDN) engaged in or supporting terrorism and are in compliance with Anti-Money Laundering Federal Regulations including US PATRIOT, BSA, and OFAC.