Stripe Fees

NatashaDuda
NatashaDuda Posts: 1
Conversation Starter Second Compass Anniversary 5-Year Anniversary
edited August 2024 in Finance & Operations

I was curious if anyone has stripe fees going into a separate fund at your organization versus going back into the fund the donor is making the donation to. If you do, is it your operations fund or did you create a new fund?

I'm also curious if other foundations are covering the cost of the stripe fee if the donor doesn't or if that is being charged back to the fund itself.

Comments

  • AimeeAddison
    AimeeAddison Posts: 8 ✭✭
    Foundant Fan Second Compass Anniversary 5 Likes First Comment

    I'm curious about this as well…We haven't been charging the stripe fee back to the fund but were discussing doing this going forward.

  • PaulTomkins
    PaulTomkins Posts: 5
    Conversation Starter First Comment First Compass Anniversary

    We do not have a separate fund for stripe fees, it all goes to the fund the donation is for, whether they are covering the fees or not.