Our Charitable Contribution Match Program

 

Happy couple walking in the sand

Would you like to donate a portion of your interest to a charity of your choice?

If so, we will (with a few exceptions) match your contribution, up to 10% of your interest.   Here is how it works:

 

 

First, if you wish to donate, complete the fields provided on the Subscription Agreement Form, including the % of your interest you wish to donate.

Second, provide us some information about your charity, which must be a 501(c)(3), also on the Subscription Agreement Form.

Third, before we accept your subscription, we will call the charity and set up payment information.  If for some reason we cannot make payment to them, they are not a 501(c)(3), or we choose not to match your contribution, we will let you know before we accept your subscription, giving you the option to not subscribe.

Fourth, monthly when we calculate your interest we will deduct the percent of interest you selected and keep track of that amount separate from your information.  After interest is calculated for all Note holders at the beginning of December of each year, all of the money for each charity will be totaled up and sent in one check to each charity.  Each check will have the name and address of each contributor, and the amount each contributed.  Our matching portion will be included in the total check.

Here are two examples:

 

Example 1

Example 2

Investment Amount

$100,000

$100,000

Investment Date

April 1, Year 1

April 1, Year 1

Interest Rate

4%

4%

% Given to Charity

10%

25%

% of Match From Us

10%

10%

Average Monthly Interest to You (varies by month due to days)

$300

$233

Amount to Charity Dec Year 1 in Your Name

$233

$583

Amount to Charity Dec Year 1 in Our Name

$233

$233

Principal repaid

April 1, Year 2

April 1, Year 2

Amount to Charity Dec Year 2 in Your Name

$167

$417

Amount to Charity Dec Year 2 in Our Name

$167

$167

Total Interest Paid

$4,000

$4,000

Amount of That Interest to You

$3,600

$3,000

Amount of That Interest to Charity

$400

$1,000

Amount That We Gave to That Charity

$400

$400

Total to the Charity

$800

$1,400

 

The charity must be an Internal Revenue Code Section 501(c)(3) qualifying organization.  We reserve the right to either not match your contribution, or not make payments on your behalf to certain charities with missions contrary to our corporate philosophy.  Upon your initial subscription, if you select one of these charities, and we notify you that we will not match your donation to such an organization or will not make a contribution on your behalf, you have the option of refund of your investment, donating without our matching contribution (assuming we are just not willing to match your donation to that charity), or investing and not donating to the organization.

Please note, for U.S. tax purposes, the portion of your interest that you choose to donate will still be considered taxable income to you, but the matching contribution from us will not.

The charity will be responsible for issuing you your charitable receipt.  We will give them the information they need to do that.