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Charity Gift Card
A charity gift card allows a gift giver to make a charitable donation that the gift recipient may direct to the charity of their choice. Although a charity gift card has many similarities to a store gift card, a charity gift card functions quite differently. A charity gift card is an indicator of control over a small donor advised fund. The purchaser of the charity gift card creates the donor advised fund with the charity gift card purchase money. When the charity gift card recipient “spends” the gift card, the recipient is in actuality advising the holder of the associated donor advised fund (typically the charity that issued the charity gift card) to send the money to the charity that the charity gift card recipient selects. Types of charity gift cards Charity gift cards are offered almost exclusively from websites. Some charity gift card issuers offer a large variety of card designs, while others offer a more limited number of proprietary designs. Some offer customizati ...
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Donation
A donation is a gift for Charity (practice), charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, Service (economics), services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or Organ transplant, organs for transplant. Charitable donations of goods or services are also called ''gifts in kind''. Donating statistics In the United States, in 2007, the Bureau of Labor Statistics found that American households in the lowest fifth in terms of wealth, gave on average a higher percentage of their incomes to charitable organizations than those households in the highest fifth. Charity Navigator writes that, according to Giving USA, Americans gave $298 billion in 2011 (about 2% of GDP). The majority of donations were from individuals (73%), then from bequests (about 12%), foundations (2%) and less than 1% from corporations. The largest sector to receive donations was Religio ...
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Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The Charity regulators, regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership. Financial figures (e.g. tax refunds, revenue from fundraising, revenue from the sale of goods and services or revenue from investment, and funds held in reserve) are indicators to assess the financial sustainability of a charity, especiall ...
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Gift Card
A gift card, also known as a gift certificate in North America, or gift voucher or gift token in the UK, is a prepaid stored-value card, stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or organizations as rewards or gifts. They may also be distributed by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees. American Express, MasterCard, and Visa Inc., Visa offer generic gift cards which need not be redeemed at particular stores, and which are widely used for cashback marketing strategies. A feature of these cards is that they are generally an ...
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Donor Advised Fund
In the United States, a donor-advised fund (commonly called a DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. To participate in a donor-advised fund, a donating individual or organization opens an account in the fund and deposits cash, securities, or other financial instruments. They surrender ownership of anything they put in the fund but retain advisory privileges over how their account is invested, and how it distributes money to charities. Details A donor-advised fund is an account at a sponsoring organization, generally a public charity, where an individual can make a charitable gift to enjoy an immediate tax benefit and retain advisory privileges to disburse charitable gifts over time. The contribution a donor makes to their donor-advised fund is 100% irrevocable and destined for a final 501(c)(3) organization. Donor-advised funds provide a flexible way for donors ...
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Plastic Card
Plastic cards usually serve as identity documents, thus providing authentication. In combination with other assets that complement the data stored on the card, like Personal identification number, PIN numbers, they also serve authorization purposes, most often as bank cards for allowing their holders to do financial transactions. Early and simpler cards feature only hard-to-imitate integrated photographs, security holograms, guillochés, or a magnetic strip on which few bytes of personal data could be stored. Today, smart cards, i.e. those equipped with an electronic chip (memory chip, storage, or RFID), serve as high-security active electronic documents that allow their holder to qualify for driving cars (drivers license card), receive medical treatment (health insurance cards), do banking and more. Industry In their January 2020 report, the International Card Manufacturers Association's (ICMA) indicates a production increase to a record-high of 37.1 billion cards and $27 billi ...
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Greeting Card
A greeting card is a piece of card stock, usually with an illustration or photo, made of high quality paper featuring an expression of friendship or other sentiment. Although greeting cards are usually given on special occasions such as birthdays, Christmas or other holidays, such as Halloween, they are also sent to convey thanks or express other feelings (such as condolences or best wishes to get well from illness). Greeting cards are usually packaged using an envelope and come in a variety of styles. There are both mass-produced and handmade versions available and they may be distributed by hundreds of companies large and small. While typically inexpensive, more elaborate cards with die-cuts, pop-ups, sound elements or glued-on decorations may be more expensive. Hallmark Cards and American Greetings, both U.S.-based companies, are the two largest producers of greeting cards in the world today. In Western countries and increasingly in other societies, many people tradit ...
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Charities Aid Foundation
The Charities Aid Foundation (CAF) is a registered UK charity that operates in the United Kingdom, the United States of America and Canada. It works with companies, private philanthropists, regular donors, fellow foundations, governments, charities and not-for-profit enterprises to enable them to give more. Its stated purpose is to “accelerate progress in society towards a fair and sustainable future for all.” In late 2021, CAF was listed by the UK Charity Commission as the country’s fourth largest charity by income. It serves as regulatory experts to ensure funds reach charities and social enterprises as quickly and safely as possible via its charity validation which enables effective cross-border giving. CAF also wholly owns CAF Bank, a fully regulated bank that serves more than 14,000 UK-based charities and social enterprises. CAF claims to be known for its independence, expertise, and international reach, leading an international network of like-minded charitable or ...
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Gift Card
A gift card, also known as a gift certificate in North America, or gift voucher or gift token in the UK, is a prepaid stored-value card, stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or organizations as rewards or gifts. They may also be distributed by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees. American Express, MasterCard, and Visa Inc., Visa offer generic gift cards which need not be redeemed at particular stores, and which are widely used for cashback marketing strategies. A feature of these cards is that they are generally an ...
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