Process started to han­dle Hum­boldt Go­FundMe donations

The Globe and Mail (Alberta Edition) - - NEWS -

Money raised in a Go­FundMe campaign af­ter the Hum­boldt Bron­cos bus crash will go di­rectly to sur­vivors and fam­i­lies of those killed, but a fee of nearly $500,000 is be­ing de­ducted by the on­line fundrais­ing site from the more than $15-mil­lion in donations.

Bron­cos pres­i­dent Kevin Garinger says Saskatchewan has leg­is­la­tion to deal with the ad­min­is­tra­tion of any funds raised through a pub­lic ap­peal.

“The Go­FundMe campaign raised $15.175-mil­lion, ap­prox­i­mately,” Mr. Garinger told a news con­fer­ence on Thurs­day. “Af­ter the de­duc­tion of fees charged by Go­FundMe, the net amount the me­mo­rial fund an­tic­i­pates re­ceiv­ing from the do­nated monies is … right around $14.7-mil­lion.”

Go­FundMe said it charges a plat­form fee, which is 2.9 per cent plus 30 cents a do­na­tion, for pay­ment pro­cess­ing fees that cover charges from third-party card pro­ces­sors and the se­cure trans­fer of funds. Once the money is trans­ferred to the team, Mr. Garinger said it will be held in trust until the le­gal process is com­plete.

“One hun­dred per cent of that to­tal, as well as any in­ter­est … will go to­ward the 29 fam­i­lies that have been im­pacted by this un­think­able tragedy.”

The Bron­cos said the le­gal process has started and a Court of Queen’s Bench jus­tice is to be ap­pointed. It will be over­seen by a vol­un­teer board of di­rec­tors, with as­sis­tance from lawyers who are also pro­vid­ing their ser­vices free of charge. The process is ex­pected to take up to three months, Mr. Garinger said.

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