Percent Pledge Invoices

Percent Pledge has two entities, Percent Pledge Labs Inc, and an affiliated nonprofit, Percent Pledge Foundation, which operates like donor-advised fund (DAF), allows us to provide immediate tax-deductibility to donors, and streamlines all donation disbursements to recipient nonprofits. With this, customers receive Percent Pledge invoices from two (2) distinct entities:

Percent Pledge Labs Inc. (EIN: 82-3143554) 

• Business invoices for our partnership covering SaaS & services we are providing to your company (which includes the invoice you received for the first year of our partnership). 
• Labs invoices are typically annual and have standard net-30 payment terms (unless otherwise specified in your contract). 
• Labs invoices are paid to our business bank account at Capital One.
  • Account: Percent Pledge Labs
  • Bank: Capital One
  • Routing #: 031176110
  • Account #: 36044054770 
  • Percent Pledge Labs Inc. W9 documentation
• Questions? Contact your Account Executive or Social Impact Manager.   

Percent Pledge Foundation, a fiscally sponsored project of The Giving Back Fund (EIN: 04-3367888) 

• Corporate donation invoices are for any matching donations, gift (Cause Credit) donations, corporate grants, etc.
• Foundation invoices are sent monthly for any employee matching donations or Cause Credits utilized the previous month. Corporate grant invoices are sent as requested. 
• Foundation invoices have flexible payment terms, normally net 14, if possible, so that we can get matching donations disbursed to recipient charities asap. 
• Foundation invoices are paid to our foundation bank account, JP Morgan Chase. 
  • Bank Name: JP Morgan Chase NA
  • Routing Number: 322271627
  • Account Number: 758084490
  • Percent Pledge Foundation W9 documentation
• All donations to the Percent Pledge Foundation are tax deductible. 
• A charitable donation receipt is provided for each donation invoice. Your company will receive a year-end tax summary available each January on Percent Pledge.
• Foundation invoices come from ap@percentpledge.org. 
  

Misdirected Donation Payment Policy

Percent Pledge operates through two separate entities: Percent Pledge Labs (our SaaS platform business) and Percent Pledge Foundation (the 501(c)(3) that processes charitable donations to vetted nonprofits). These entities have separate bank accounts, and donation invoices must be paid to the Foundation account.

The correct remittance instructions appear at the top of every donation invoice, and donation invoices use a distinct invoice template and number prefix to distinguish them from platform invoices.

Why this matters
Donation payments sent to the wrong account create several problems:

• They delay donation disbursement to nonprofits, because funds aren't available in the disbursing entity.

• They require manual reconciliation across two separate accounting systems.

• They create risk of duplicate payments and reconciliation errors.

• They co-mingle funds across entities, affecting financial reporting for both Percent Pledge and our customers.

Policy
Payments sent to the wrong Percent Pledge account are subject to the following:

• Disbursement delay - Donations funded to an incorrect account cannot be disbursed on our standard schedule. Reconciliation and re-routing of misdirected funds is performed off-cycle, and disbursement of the associated donations will be delayed.

• Reconciliation fee - A $500 fee is applied to each misdirected payment to offset additional accounting and operational work. For invoices under $500, the full invoice amount is retained in lieu of a separate fee, and the corresponding donation is not disbursed.

How to avoid misdirected payments:

• Set up Percent Pledge Foundation as a distinct vendor in your AP system, separate from Percent Pledge Labs or any other Percent Pledge entity.

• Confirm remittance instructions against the top of each donation invoice before processing payment.

• If your AP system is configured to default to a single Percent Pledge vendor, contact your account manager or our AP team — we're happy to walk through the setup with your AP contact.

Questions?
Contact ap@percentpledge.org with any questions about this policy or about correct remittance for a specific invoice.