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non-profit entity to wire funds? #20202
05/09/04 09:37 AM
05/09/04 09:37 AM
D
danielw  Offline OP
Full Member
Joined: Apr 2004
Posts: 265
Japan
Does anyone know of any organization that would be willing to hold donated funds and wire those funds as directed to different places around the globe?

I've been doing this several years with a nice organization, but some of their missionaries are located close to where these funds need to go sometimes, so they are getting quite hesitant recently to continue doing this.

What will the funds be used for? - For spreading Spirit of Prophecy books around the world, especially the 1858 Great Controversy. Current projects are in southern India, northern India, Philippines, Belarus, Madagascar, and Honduras. Just today i received the Tamil version of this book in the mail - looks great! [Smile]

I doubt there would be more than 5 or 6 wire needs a year, and the total amount of the funds involved would probably be less than 20,000USD. The organization would need to be a 501(c) tax-exempt entity. Of course i would be willing to pay for wiring fees and a small donation for the service.

Any information would be appreciated [Thank You]

Re: non-profit entity to wire funds? #20203
09/18/04 07:44 PM
09/18/04 07:44 PM
Daryl  Offline

Site Administrator
23000+ Member
Joined: Jul 2000
Posts: 25,123
Nova Scotia, Canada
Can't this be done through PayPal?

Re: non-profit entity to wire funds? #20204
09/18/04 07:56 PM
09/18/04 07:56 PM
Will  Offline
Most Dedicated Member
Joined: Apr 2003
Posts: 2,332
BC, Canada
What about a bank,credit union, or Western Union (they are pricey though)?
Set up a bank account registered as a non-profit organization and take it from there. I am not familair with those parts, but I do know they do transfers and at cheap prices, so 20K "may" cost up to $80.00 and change.
PayPal can deposit directly into your account, but you need to find out what currencies are supported i.e. transfer Japanese Yen to Indain currency (is India supported) etc.. Wortyh looking into, but youwill also get hit on the exchange rate.

God Bless,


Moderator  Rick H 

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