Funding-program terms
Quarterly funding is governed by a written agreement and may be described publicly as a donation to the organization. Kithix does not represent it as a tax-deductible charitable contribution. The buying company does not receive a charitable write-off for selecting a supplier.
The organization receives a stated share of the customer’s monthly spend, after invoices are paid, every quarter while the referred account remains active. Official bands: 5% on $0–$74,999 / 6% on $75,000–$99,999 / 7% on $100,000–$249,999 / 10% on $250,000+.
Payment is calculated on collected/billed spend for the quarter, paid only after Kithix has been paid, with a floor so we never pay out more than we received on that account.
A 501(c)(3) and a school club without charity status can both apply. EIN is not collected at apply. After accept, the payee packet asks for legal name, how we pay you, and a W-9.
Questions: hello@kithix.com.