How giving works
Where the fee goes
Founder Hours for Good sells a consultation. Separately, the company plans to give an amount equal to 100% of consultation fees collected, after refunds and chargebacks, to a nonprofit that supports underrepresented founders.
The company intends to cover processing fees and operating costs separately, so the full fee amount can be given.
The nonprofit
The nonprofit will be announced before bookings open.
What you should know
- Your payment is for a service, not a donation. It is not deductible as a charitable contribution.
- The company, not you, is the donor. Any receipt from the nonprofit is issued to the company.
- A refund reduces that month's gift by the same amount.
- No gift has been made yet. This page will show a total once there is one.
The monthly reconciliation
The company plans to prepare one report each month and share it with the nonprofit. It will list, in this order:
| Line | What it means |
|---|---|
| Fees settled | Consultation payments that settled during the month |
| Refunds and chargebacks | Amounts returned or disputed during the month |
| Planned gift | Fees settled, less refunds and chargebacks |
| Remitted | The amount actually transferred to the nonprofit, with its date |
| Outstanding | What is planned but not yet transferred |
| Acknowledgment | The nonprofit's confirmation that the transfer arrived |
There is no report yet. The first will cover the first month in which a fee settles.