PandaPay is a secure, all-in-one donation processing software that empowers fundraising platforms, socially conscious companies, and other online do-gooders to raise money for great causes.
Here's the nitty-gritty on how it works:
When you donate through one of these platforms, your donation is managed by PandaPay, a program of the Social Good Fund, a 501(c)3 public charity, EIN 46-1323531. With the help of Social Good Fund ("SGF"), PandaPay operates as a fully digital Donor Advised Fund. PandaPay and SGF make every reasonable effort to respect the wishes of our donors. However, to comply with federal tax laws and regulations, SGF must retain the exclusive authority, discretion, and legal control over all donated funds. In the rare event that the charity you have advised does not satisfy SGF's criteria or otherwise enable SGF to pay them (e.g. they are not recognized by the IRS as a public charity, or are not in good standing with federal or state regulators, etc.), SGF may select an alternate non-profit organization to receive the donation or have the donation allocated to a fund maintained by SGF and used solely for charitable purposes, including, but not limited to, mission-based activities and grants.