Donation Terms of Understanding

|Donation Terms of Understanding

Last Updated: February 1, 2023

Your access to and use of the Site are governed by the following Terms. By accessing and using the Site you agree with and acknowledge your full understanding of these Terms. If you do not agree with or fully understand these Terms, do not use the Site. These Terms, our Privacy Policy, and our Terms of Use constitute the entire agreement between you and Charity Exchange, and they govern your use of the Site, superseding any prior agreements between you and Charity Exchange with respect to the Site and your charitable gift.

Additional Definitions

“charity” means the particular charity to which you choose to make a gift and that issues you a tax receipt in respect of your gift, that being either of CharityEx Foundation, CharityEx Foundation Inc., or the Foundation for Charity Dispersement (R.A);

“Charity Exchange” means, for purposes of these Terms, collectively the following separate legal entities: Charity Exchange Inc., the corporation that owns and operates the Site; CharityEx Foundation, CharityEx Foundation Inc., and The Foundation for Charity Dispersement (R.A.);

“CharityEx Foundation” is a registered charity under the Income Tax Act (Canada) with charitable registration number 714945482 RR0001;

“CharityEx Foundation Inc.” is a tax-exempt charitable organization under section 501(c)(3) of the Internal Revenue Code (U.S.);

“grantor” means the entity to which the charity is permitted to make a grant pursuant to the statutes, rules, and regulations that apply to the charity;

“Site” means https://charity.exchange;

“Terms” means these Donation Terms of Understanding, as amended from time to time;

“The Foundation for Charity Dispersement (R.A.)” means a non-profit organization registered in Israel and operated exclusively for charitable purposes;

“you” or “your” means you as an individual, corporation, organization, charity, or other entity using the Site.

Giving Options

The Site is a technology platform that facilitates charitable giving. The Site offers the option for you to make a gift through My Foundation Account which is linked to My Wallet.

The account has two distinct features: a donation matching program and a donor advised fund option.

Charity Exchange Accounts

To set up any account, please visit https://charity.exchange. For each account, you will need to provide your full legal name (including middle initial), phone number, home address (or registered office address if you are not an individual), email, and billing address. You are responsible for all activity that takes place on your account(s), including keeping your password safe.

My Foundation Account

(i) Matching Program

Through My Foundation Account, you are matched with a donor in another jurisdiction. The jurisdiction options are Canada, the United States, or Israel (i.e., if you are a resident of Canada, you may be matched with a donor in the United States or Israel), as recommended by you.

Upon being matched with a donor in another jurisdiction, you make a recommendation to the charity in your jurisdiction regarding the grantor towards which you would like your gift to be granted.

At the time of depositing funds into your My Foundation Account, the gift is the property of the charity and is irrevocable. An official donation tax receipt for income tax purposes shall be issued to you by charity within thirty (30) days or as soon as possible after acceptance of your gift.

(ii) Donor Advised Fund

When using My Foundation Account as a donor advised fund, your gift is made directly upon depositing funds into your My Foundation Account. Upon making your gift, you may make recommendations to the charity with regards to the grantor(s) towards which you would like your gift to be granted.

Investment of Your Gift

You acknowledge that gifted funds, if not immediately granted, may be invested by the charity in accordance with the investment policies and guidelines of the charity in effect from time to time, and that such funds may be pooled for investment purposes with other funds held by the charity.

Gift is Property of Charity

The charity to which you make your gift through any account exercises exclusive control over the gift and retains the exclusive authority and discretion to grant the gift as it sees fit and within the statutes, rules, and regulations that apply to the particular charity.

It is possible that a donor may make a granting recommendation that is not compliant with the statutes, rules, and regulations that apply to the charity, as determined by the charity. In that event, the charity reserves the right, in its sole discretion, to select an alternate grantor, or to ask the donor to recommend an alternate grantor.

The charity to which you make a gift and that issues you a tax receipt is under no obligation to comply with your granting recommendations.

Currency Rates

When a donation is made through a matching program, the charity will process the currency conversion. You acknowledge that each currency conversion is processed at the currency exchange rate applied by the charity, which will vary from time to time in accordance with currency fluctuations, as well as associated conversion fees which will be deducted from your gift. You acknowledge that currency exchange rates and associated fees may reduce the actual cash value of your gift.

Transaction/Payment Fees

The charity to which you make your gift charges a small transaction fee for all gifts made through the Site. The fees are set forth and clearly displayed in the donation section of your account. You acknowledge that the applicable transaction fee(s), as applicable, may reduce the actual cash value of your gift by the amount of the fee(s) and in turn may reduce the value of your tax receipt.

Agreement Regarding Tax Receipts and Consequences of Charitable Giving

You hereby agree and acknowledge that each charity may only issue official donation tax receipts for income tax purposes in the jurisdiction in which the charity is established. Unless otherwise agreed to with Charity Exchange, you acknowledge that in making a gift through the Site, you are making a gift to the particular charity in the jurisdiction in which you reside.

The entities that comprise Charity Exchange (collectively the “Releasees”) make no representations or warranties whatsoever as to whether all or any portion of your gift entitle you to tax benefits in any jurisdiction. The Releasees shall have no liability for any claim by you, or by any federal, state, provincial, territorial, local or any other tax authority with respect to the characterization on any tax return of any donation by you. You are advised to consult your tax advisors as to the tax consequences of making a charitable gift through the Site.

Changes to Terms

These Terms may be modified without your consent at any time. If they are so modified, you shall be advised let you know either by posting the modified Terms on our Site, or through other communications. Any material changes will be implemented following 30 days’ notice to you.

Governing Law

Any claim or dispute between you and Charity Exchange, Inc., and/or claim or dispute between you and CharityEx Foundation, arising out of the Site and any action related thereto will be decided exclusively in the provincial courts of Ontario Canada.

Any claim or dispute between you and CharityEx Foundation Inc. arising out of the Site and any action related thereto will be decided exclusively in the courts of the state of Delaware in the USA

Any claim or dispute between you and Foundation for Charity Dispersement (R.A.) arising out of the Site and any action related thereto will be decided exclusively in the court of the State of Israel

Charity Exchange’s failure to enforce any right or provision of these Terms, our Terms of Use or Privacy Policy will not be considered a waiver of those rights. The waiver of any such right or provision will be effective only if in writing and signed by a duly authorized representative of Charity Exchange.

Contact Us

Please contact us at through our contact us page or any of the other contact methods listed on our website.