Add money to your Impact Account

Your Impact Account is where you manage your charitable giving, and you’ll need to add money before you can send gifts. When you add money, you receive an immediate tax receipt. Then you can give to your favourite charities, Giving Groups, and Cause Funds, save some of your charitable dollars to give away later, or send charitable dollars to friends and family on Charitable Impact for them to give away.

If you own multiple Impact Accounts, you can transfer money between accounts.

If you don’t have an Impact Account, you can still give through Charitable Impact:

• Learn how to give without an Impact Account
• Sign up for a free account

If you already have an Impact Account, use the options outlined below to add money.

Learn how to  

• Add money via:
  • Credit cards and Apple Pay/Google Pay
  • Pre-authorized debit
  • Cheque
  • Another donor-advised fund
• Transfer funds

Good to know

• Account activity
• Refunds
• Fees
• Monthly deposits

Ways to add money to your Impact Account

Credit cards and Apple Pay/Google Pay

One of the easiest ways to add money to your Impact Account is by credit card. We accept Visa, Mastercard, and American Express.

If you’re using the mobile app:

• iOS: you can also use Apple Pay
• Android: you can also use Google Pay

The charge will appear as “CHARITABLE IMPACT” on your credit card statement.

The minimum and maximum amounts per transaction that you can add to your Impact Account by credit card are outlined below. There is no minimum account balance that you need to maintain, and no maximum limit.

How to add money by credit card

1. On the web: Select your Impact Account or an account you administer on the Home screen. Then select the Add money button under the account balance.

   On the mobile app: From the Overview screen, select the Add money button under the account balance.

2. Enter the amount you'd like to add to the account. The minimum deposit amount is $5.
3. Select the frequency with which you would like to add money:
   1. Once - add money one time
   2. Monthly - add money once a month, on the 1st or 15th of each month
4. Select Continue.
5. Under Payment, select an existing payment method or add a new card. If you're using the mobile app, you can choose to add money with Apple Pay or Google Pay. The charge will appear as “CHARITABLE IMPACT” on your statement.
6. Select a tax receipt recipient or add a new one.

7. If applicable, select a matching partner.
8. Add a note if you wish to add some information about why you added money to this Impact Account.
9. Select Review.
10. Review the details of your deposit, then select Add money.

Pre-authorized debit

You can use pre-authorized debit (PAD) to add money to your Impact Account once, or on a monthly basis.

How to set up PAD

1. Complete the pre-authorized debit form via DocuSign.
2. If you are making a one-time PAD donation, the minimum amount is $200. For amounts less than $200, add money by credit card instead.

How to edit or cancel PAD

Email hello@charitableimpact.com and provide 7 days notice.

Cheque

You can also send a cheque to add money to your Impact Account.

How to add money by cheque

1. Complete the Add Money by Cheque form and include it with your cheque.
2. Address the cheque to CHIMP: Charitable Impact Foundation (Canada).

3. Mail the completed form and your cheque to:

   CHIMP: Charitable Impact Foundation (Canada)

   Attention: Financial Administration

   1500 West Georgia St., Suite 1300

   Vancouver, BC V6G 2Z6

Another donor-advised fund (DAF)

You can transfer money from another donor-advised fund into your Impact Account.

How to transfer from another DAF

1. Ask your DAF provider to recommend a grant to CHIMP: Charitable Impact Foundation (Canada).
2. When submitting the recommendation, include:
   1. your email address
   2. a note requesting that the money be added to your Impact Account

In-kind transfers between donor-advised funds are not available or supported by all DAF providers. If you have questions about transferring in-kind assets from another DAF, please contact us at philanthropy@charitableimpact.com or call 877-531-0580.

Transfer funds between Impact Accounts

1. On the web: On the Home screen, select the Impact Account you want to transfer from. (Note that you can only transfer funds between Impact Accounts that you own.) Then select Transfer funds under the account balance.

   On the mobile app: From the Overview screen, select Transfer funds under the account balance.

2. Enter the amount you'd like to transfer.
3. In the To field, select the Impact Account you’d like to transfer funds to.
4. Select Continue.
5. Add a note if you wish to add some information about why you made this transfer.
6. Select Review.
7. Review the details, then select Transfer.

Good to know

Here are a few things to keep in mind when adding money to your Impact Account.

Where to view your account activity

Any money you add to your Impact Account will be reflected in the Account activity. To track your deposits and gifts:

• On the web: Select your Impact Account or an account you administer on the Home screen. Scroll down to Account activity to review your deposits and gifts.
• On the mobile app: On the Overview screen, scroll down to Account activity and review your deposits and gifts.

Money added to your Impact Account is non-refundable

When you add money to your Impact Account, you're actually making a donation to CHIMP: Charitable Impact Foundation (Canada), a registered charity and public foundation—it's why you get a tax receipt after adding money. The funds you add stay in your account until you decide you'd like to send gifts to charities, Giving Groups, and other people on Charitable Impact.

As a general rule, charities can't refund donations due to legal considerations, and requirements related to issuing tax receipts.

Fees

No fees are charged on the balance in your account.

Banks and credit card companies charge charities, including Charitable Impact, a fee to process donations. If you use a credit card to donate, the fee is 2.8%. We recover this fee when you send a gift to charity from your Impact Account.

Our credit card processing fee is lower when compared to most charities because we process higher volumes of donations.

Learn more about fees. Feel free to contact us at hello@charitableimpact.com if you have any questions.

Manage monthly deposits

Once you've set up monthly deposits to your Impact Account, you can edit or cancel them as needed. Learn how to manage monthly deposits.