US Bank makes easy for Minnesotans to ‘Give to the Max’
As Minnesota nonprofits and schools gear up for GiveMN's Give to the Max Day on November 15, would-be donors should know that more of their dollars will go to the nonprofit and school of their choice, thanks to a partnership with Minneapolis-based U.S. Bank.
In October 2010, U.S. Bank partnered with Razoo - the company that powers GiveMN's robust online donation platform - to process all donations made through Razoo at a discount. The bank also waived select card processing fees. The discounts allow more donation dollars to make their way to nonprofits and schools. In fact, since the start of U.S. Bank's relationship with Razoo, nearly $183,000 has been saved -- money that has gone to the nonprofits Razoo supports, including GiveMN. The cost savings is particularly important to GiveMN, which was created to transform philanthropy in Minnesota by growing overall giving and moving more of it online. Through its engaging web platform launched in November 2009, GiveMN helps nonprofit organizations and schools of all sizes reach new donors, increases giving through fun and engaging campaigns and significantly reduces overall fundraising costs. The impact of U.S. Bank's partnership with Razoo is much greater than the cost savings, said Dana Nelson, executive director of GiveMN. GiveMN was launched to take online giving to scale in Minnesota.