Crowdtilt today will start offering tax-deductible donations for nonprofits. The company says it is the first crowdfunding site to fully support charity fundraising.
Here’s how it works: Anyone can already start a Crowdtilt group with a funding goal. Now they can select a 501(c)(3) organization from Crowdtilt’s index to receive that money. If the campaign “tilts” — a.k.a. reaches its goal — that money goes directly to the nonprofit, minus Crowdtilt’s regular 2.5 percent fee.
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