Thank you for accepting the Fearless Foundations’ Flexible Giving Account Agreement, which allows Fearless Foundation to take responsibility for administrating the funds that you have gifted via a Flexible Giving Account (FGA). As the donor, you will participate in advising where you would like to distribute the funds of the FGA according to the distribution rules set and administered by Fearless Foundation.
5.0% of gifted funds will be designated to cover the administrative costs of Fearless Foundation. The remaining 95.0% of gifted funds will be associated to your Flexible Giving Account.
Once funds have been gifted to establish or add to a FGA, Fearless Foundation owns and controls those funds without restriction. The intention of Fearless Foundation is to follow your guidance and/or the guidance of your spouse on disbursements to the charitable organization(s) that you designate.
The flexiblegivingaccount.org website is designed so that you can easily provide guidance on FGA disbursements based on a few simple principles.
One-Time Donations
You can make a one time donation to any of over 2,000 nonprofits listed in the Donation section of the Flexible Giving Account. These funds will be immediately withdrawn from your Funds Available to Give, or processed as a transaction through a connected credit/debit card or bank account. Donations made through a bank account may take 2 to 10 days to complete.
Budgeted Donations
You may opt to automatically donate to any nonprofit on a specific day each month by using the make budgeted option during the donation process. Once a budgeted donation is created, the platform will continue to process this donation each month until you delete it from your account.
Deposits to Funds Available to Give
You may deposit funds from any connected funding source into your FGA. These unallocated funds are labeled “Funds Available to Give” and may be distributed as one-time donations or set to be automatically distributed in portions as budgeted donations.
Budgeted Deposits to Funds Available to Give
You may automatically deposit funds from any connected funding source into your FGA. These unallocated funds are labeled “Funds Available to Give” and may be distributed as one-time donations or set to be automatically distributed in portions as budgeted donations. Once a budgeted deposit is created, the platform will continue to process this deposit each month until you delete it from your account.
Employer Deposit
Your employer may request access to deposit funds into your FGA. These employer deposits will be summed into your “Funds Available to Give” and may be distributed as one-time donations or set to be automatically distributed in portions as budgeted donations. Employer Deposits are controlled through an employer’s Flexible Giving Account are not able to be modified, paused, or removed through your personal FGA. Please consult your employer if you’re enrolled in the Employer Deposit Program and have any questions or would like to make any changes.
Unallocated Funds
Any funds from the current year that you do not provide guidance for before March 30 of the following year will be distributed to the Fearless Fund Mutual Giving Fund.
Transfer of Funds
Once any type of donation or deposit is initiated, the money being transferred from your connected funding source as part of a transaction shall be considered a charitable donation to the Fearless Foundation 501(c)(3), and will not be returned to, refunded to, or exchanged for any type of goods or services to the donor. All funds then allocated to a nonprofit will be donated under the name of Fearless Foundation in keeping with Matthew 6:1-4 [ESV]:
- “Beware of practicing your righteousness before other people in order to be seen by them, for then you will have no reward from your Father who is in heaven.
- “Thus, when you give to the needy, sound no trumpet before you, as the hypocrites do in the synagogues and in the streets, that they may be praised by others. Truly, I say to you, they have received their reward.
- But when you give to the needy, do not let your left hand know what your right hand is doing,
- so that your giving may be in secret. And your Father who sees in secret will reward you.
Nonprofits
Fearless Foundation is responsible for choosing the nonprofits listed and available on flexiblegivingaccount.org. If you know of an organization that is not listed here, please let us know.
Here’s a list of some of the criteria we consider:
- Approved for tax exempt status under IRC 501(c)(3)
- Whose mission, purpose and operations must not be antithetical to Christian values
- Whose operations are likely to accomplish charitable purposes
- And, whose mission, purpose and operations have been reviewed and approved by Fearless Foundation after appropriate research of the organization by Fearless Foundation
Fearless Foundation shall from time to time add to or subtract from the list of nonprofits.
Fearless Foundation will never share your information with nonprofits or anyone else outside of what is required to produce and deliver individual donations for tax reporting purposes.
To read the full agreement, click here.