A Registered 501(c)3 Public Charity
Frequently Asked Questions
We have compiled a list of questions and answers with our memorial fund & scholarship faq. If you don’t find the answer you are looking for please contact us at [email protected]
What is the process for withdrawing funds for a charitable cause or recipient?
How often can the fund administrators distribute awards?
Are scholarships awarded directly to the school?
Can this be set up so that the donations go to a specific organization,for example cancer research, instead of establishing a scholarship fund?
What is the process for scholarship recipients?
Does CHARITYSMITH require verification on how & where the funds are being used?
Fundraising and Administration
Should donation checks be made out to CHARITYSMITH or to the Memorial Fund itself?
How are donations processed?
How do I know who has donated?
Is my memorial fund account separate from other accounts?
Who opens the Wells Fargo Bank Account?
Can I deposit money into the Memorial Fund bank account directly?
Do most memorial funds have the bank statement sent to the fund administrator?
Are tickets sold for a fundraiser tax-deductible?
Can I be reimbursed for fundraising costs?
When we decide to close the fund, what is the process?
Starting a Memorial Fund
How quickly can a memorial fund be set up?
When is the start-up fee due?
Do we mail CHARITYSMITH the fund start-up fee or can we setup the fund first and use donations to pay the cost of establishing the fund?
Can I pay the startup fee with a credit card?
Can I pay the startup fee with a credit card NOT using Donation Pay?
Is there any written information on your program?
Will my loved one’s memorial fund be a separate nonprofit organization?
Would I have any tax filing requirements?
Other than start-up costs, annual administrative fee, and supplying pictures, are there any other obligations or required activities on the fund administrator’s part?
How is the website built?
How much is the annual fee?
Would I have to submit tax returns, or does CHARITYSMITH take care of this?
Is there any paperwork that needs to be signed?
Are the decisions on how the money is distributed ours to make?