Here are the most frequently asked questions
Using our proprietary 5050 Crowd Funding System you can receive funds from thousands of donors all over the world, donors that you’ve never met because of Cooperative Leveraging!
As an example, you can personally only invite 3 donors and through leverage, they can multiply to over 85,000 helping to fund your campaign! No other Fast Funding platforms can do that.
It’s fast, easy and incredibly rewarding to raise money using 5050 Crowd Funding in 3 steps! 1. Setup a campaign 2. Raise awareness through sharing your campaign 3. Receive donations That’s it!
No because there are no deadlines to meet or fundraising limits to attain. It’s your campaign so you go at your pace because it’s not a race.
Donations are for the most part considered to be "personal gifts" and gifts are not taxed as income in most countries. However, to be certain we highly recommend you get professional tax advice from a competent accountant in the jurisdiction in which you reside.
You can use 5050 Crowd Funding to raise money for almost anything. Yourself, a friend, a family member, medical expenses, student debt, education, mission trips, pets, sports teams, nonprofit organizations, and million other things you have a need for money!
5050 Crowd Funding CANNOT provide tax advice in any way whatsoever.Donations are for the most part considered to be "personal gifts" and gifts are not taxed as income in most countries. However, to be certain we highly recommend you get professional tax advice from a competent accountant in the jurisdiction in which you reside.
We suggest filing your donations as income and pay taxes because they go to fund our roads, emergency service such as police – fire – and EMS, infrastructure and taxes help keep our cities clean and safe.
No, 5050 Crowd Funding is simply portal to help keep you organized and provide needed services to account for your donations. It is entirely up to you and your efforts to acquire donations.
5050 Crowd Funding provides the system, platform, hosting, accounting, support and dozens of other services to help make your fundraising efforts more rewarding and 5050 Fast Funding is a for-profit organization.