PayPal Giving Fund says it has now raised $200 million to support Australian charities since launching the initiative in 2018.
The fund allows partner programs to support thousands of Australian charities through digital fundraisers, microdonations at checkout, employee giving programs, and other initiatives.
The organisation, in collaboration with partners such as PayPal, Meta, GoFundMe, Humble Bundle, and Catalyser, assists charities in reaching and interacting with new audiences and integrating giving into daily life.
Eligible charities can join the community by registering with PayPal Giving Fund for free. According to PayPal Giving Fund, more than 6000 Australian charities have already benefited from the platform provided by the organisation and its partners.
PayPal Giving Fund, which receives donations, disburses money as grants to the charities that donors have suggested. The fund says it doesn’t have to charge donors or charities for its services because partners like PayPal pay those costs, and all money it receives is given to charities at full value.
“We enable our partner programs to operate at scale and this can literally change what a charity thought was possible for their charitable programs,” said Erica McLernon, PayPal Giving Fund executive director.
Traditional fundraising activities for most Australian charities have been slowed or halted due to the current cost-of-living crisis and recent lockdowns. But due to the pandemic, Foodbank Australia, for example, experienced record-high levels of need.
“During the first few weeks of the pandemic our rescued food supply dropped by more than 60 per cent in some states, while demand for our service jumped by 72 per cent, forcing us to purchase more food over three months than we had over our entire history,” said Foodbank Australia CEO, Brianna Casey.
“Thankfully, we were supported across many industries to help fill this shortfall, including the much-needed increase in donations through PayPal Giving Fund partner programs which helped us rapidly scale up.”
