As the end of the school year approaches, it seems appropriate to remind team leaders not to forget to request their disbursements from active fundraisers.
Perhaps “disbursement” sounds like an SAT word you would encourage your students to learn. In general terms, it’s the payment of money from a fund; often it refers to a payment, especially one made by a lawyer to a third party and then charged to the client.
For EdCo teams, the disbursement is the payment of the money raised to the team, group or school who used our platform to fundraise. Similar to the experience teams and donors have using EdCo while fundraising, we make it as simple and easy to get your money when your campaign ends. A team leader can request multiple disbursements as well. We explain it here:
Tip: Be mindful to give yourself enough lead time for the disbursement process, plus, if applicable, the extra time a prepaid card will need to reach you by mail.
When logged in, click on your dashboard, then click ‘Request Funds’. If you don’t see the ‘Request Funds’ button, you are not the page admin and cannot request a disbursement of funds. Note that EdCo only disburses funds directly to schools and verified non-profit organizations. There are three ways that you can receive funds raised through EdCo:
ACH (electronic deposit) to a school or verified 501(c)3 bank account. This typically takes 2-3 business days.
A check sent via mail made out to a school or verified 501(c)3). This typically takes 2-3 business days + time it takes for the check to arrive via mail.
A prepaid card. This option is only available to our partners’ members. EdCo tracks all spending on prepaid cards to ensure they are being used in accordance with fundraising goals. The card takes 10 to 15 business days to arrive in the mail. Once you have the card, notify us and we can activate it and load/reload it instantaneously from the pool of funds you’ve raised.
As always, should you have a question, email us at firstname.lastname@example.org or visit our FAQ section of our website.