This is because 100 % of every contribution made by every Golden Hearts Games musician immediately goes to our believe partner, Givinga Foundation, which is a U.S. 501 ( speed of light ) ( 3 ) public charity. And that is why, immediately after you ( and all players ) make donations, you receive ( via e-mail ) IRS-compliant charitable contribution receipts, for 100 % of the amounts donated .
then, after donations are received and processed by the Givinga Foundation, all donated monies are divided into three parts : 1 ) Prize Payouts. 2 ) Grants to player-designated, end-recipient charities. And 3 ) our operator Fees .
Reading: Golden Hearts Games
presently, 80 % of all donate monies go to fund crippled prizes. then, the remaining balance, of 20 % of all donate monies, is divided equally, 50/50, with one half going to Grants ( to whatever charity a player designated to receive their documentation, provided that jacob’s ladder is in good standing with the IRS ), and the other half to us, Golden Hearts Games, as our operator Fees, for being the godhead and hustler of all the charitable Promotional Games on our respective digital platforms. Amongst other things, our Operator Fees give for all the servers, software and engineering expenses required to develop and run the digital charitable promotional Games, ampere well as our employees ’ salaries and benefits, and other legal, corporate manoeuver and market expenses, and the process costs incurred to deliver the Grants to the many player-designated charities. For case, if you make a $ 100 contribution, all of that $ 100 immediately goes as a charitable contribution to the Givinga Foundation, and you get a charitable contribution receipt via electronic mail for that wide $ 100 ( all or separate of which may be tax-deductible, depending on your tax condition and filings. ) then, 80 %, or $ 80 of the $ 100, is set aside to fund game prizes. And then the 20 % remainder – $ 20 in this example – is split 50/50 between your designated jacob’s ladder and Golden Hearts Games. Meaning, in this subject, your indicate charity receives $ 10 and Golden Hearts Games receives $ 10.
Please note : While these percentages and ratios may change at any time at the sole delicacy of Golden Hearts Games, Golden Hearts Games will always split the post-prize-payout poise of monies 50/50 with players ’ designated end-recipient charities.
In early words, players ’ designated end-recipient charities will always receive 50 % of the balance of all donated monies after choice payouts are deducted, regardless of whether the prizes-payouts allotment is 80 %, or some other share, higher or lower. In short, after prizes are funded, end-recipient charities will constantly receive 50 % of monies remaining, never less .
We highlight this because we ’ ra gallant of it :
Unlike other charitable promotional Games platforms, Golden Hearts Games will never take more fees from donations than the amount that is given to end-recipient charities .