By default, nonprofits are sent checks via mail, using the address the nonprofit has registered via GuideStar/Candid. Checks are mailed from Bill.com Operations, our partner in donation disbursements. The address is also listed on your Bright Funds profile, right under your organization name:
If the address is not updated in GuideStar, you can reach out to our team directly at nonprofits@brightfunds.org, or use the chat bubble. Please be sure to share your EIN and the information you would like updated.
And yes, we do offer ACH/EFT/direct deposit!
You can sign up for ACH/EFT/direct deposit in Bright Network, under Profile. You can also see the article linked here on signing up for ACH/EFT/direct deposit.
How often are donations sent?
Donations are aggregated on a monthly basis, and sent to the nonprofit the month following the donation is received.
For example, if donations were made to your nonprofit on Bright Funds on January 15, they would roll up and be distributed to your nonprofit mid-February.
In short, donations are sent once a month.
When will donations appear on my Bright Network page?
Donations made on Bright Funds will appear in your Donor Report section a couple of days before the funds are to be disbursed. Once the funds are queued to be sent, the donor report for the upcoming disbursement will appear.
Comments
0 comments
Article is closed for comments.