Who can use Edco?
EdCo is for K-12 schools. Any teacher, student, or parent (read: anyone that believes in the value of education) in K-12 schools can use Edco to raise the funds they need.
Each organization on EdCo needs to be connected with a single, main school.
Is personal and credit card information safe?
All credit card transactions are secured according to the industry’s best practices through our PCI-DSS Level 1 compliant payment processor, Balanced Payments.
How much does EdCo cost?
It is free to sign up and use Edco. Edco charges a 4.9% service fee on funds raised. Our goal is to help you raise money so when you earn, we earn.
Donors can contribute through check or credit card (Learn more here). Additional credit card charges (2.9% + 30¢ per transaction) apply on donations made with credit card.
What if my program includes students from multiple schools?
If your program includes students from more than one school or operates out of multiple schools, please select one school to be primary. You may want to include details about the other schools in your team description.
What is EdCo?
EdCo is an NYC tech startup that aims to seamlessly connect K-12 schools with the resources they need in order to help students develop their skills and discover their passion.
We’ve spent hundreds of hours learning from teachers, students, and parents in order to develop an online fundraising toolkit that is the most successful way to raise money for school programs and activities. We’re easy and safe to use.
Is EdCo a for profit business or a non-profit?
EdCo is a for profit business. However, all donations on EdCo are tax deductible due to our partnership with the Channel Education Foundation. Channel Education Foundation is an independent 501(c)(3) organization that aims to bring more resources directly to the needs of K-12 schools and teachers. Our partnership enables school programs to quickly access funds and ensures that donations are used for their intended purposes. Additionally, Channel Education Foundation handles all the tax reporting, tracking, and documentation of donation activity for the school program.
YOUR EDCO PAGE
How do I invite others to help raise money for my program?
Share the link to your program’s fundraising page with any teachers, parents, or students that are interested in helping to raise money for your program.
They will be able to add themselves to the team by clicking “Are you a team member?” on your fundraising page.
Do you have any fundraising advice?
How do I know who has donated to my club?
Once you are logged in, visit your dashboard and click the “Supporters” tab to see every donor that has supported you. Don’t forget to send each one of them a thank you note!
Tell me more about Channel Education Foundation
Channel Education Foundation is an independent 501(c)(3) organization that aims to bring more resources directly to the needs of K-12 schools and teachers.
EdCo’s partnership with Channel Education Foundation enables school programs to quickly access funds and ensures that donations are used for their intended purposes. Additionally, Channel Education Foundation handles all the tax reporting, tracking, and documentation of donation activity for the school program.
I raised money on EdCo! How do I receive the funds?
When logged in, click on your dashboard, then click ‘Request Funds’. If you don’t see the ‘Request Funds’ button, you are not the page admin and cannot request a disbursement of funds. Note that EdCo only disburses funds directly to schools and verified non-profit organizations. There are three ways that you can receive funds raised through EdCo:
ACH (electronic deposit) to a school or verified 501(c)3 bank account. This typically takes 2-3 business days.
A check sent via mail made out to a school or verified 501(c)3). This typically takes 2-3 business days + time it takes for the check to arrive via mail.
A prepaid card. This option is only available to our partners’ members. EdCo tracks all spending on prepaid cards to ensure they are being used in accordance with fundraising goals. The card takes 10 to 15 business days to arrive in the mail. Once you have the card, notify us and we can activate it and load/reload it instantaneously from the pool of funds you’ve raised.
I want to donate through a check. Where do I send the check?
Checks should be made payable to Channel Education Foundation, with a note in the memo that includes the: (i) school name, (ii) name of fundraising campaign, and (iii) the member of the school program that should receive credit for the donation (if applicable). Checks should be mailed to:
Channel Education Foundation
600 Third Ave
New York, NY 10016
Please include contact information – either an email or physical address – that Channel Education Foundation should use to send a receipt to acknowledge the contribution.
Be sure that whomever is writing the check includes how they want their name to appear on the team page they are donating to (first name/last name, last name only, anonymous…).
***IMPORTANT: The mailing address MUST INCLUDE Channel Education Foundation’s suite number, SUITE 1202. Otherwise mail will not be delivered and will be returned to the sender.***
How can people or businesses donate to my club?
Edco enables supporters to contribute directly to school programs through either check or credit card.
To contribute via credit card:
Please visit the Edco fundraising page of the school program to which you desire to donate.
To contribute via check:
Please send a check payable to Channel Education Foundation, with a note in the memo that includes the:
(i) school name,
(ii) name of fundraising campaign
(iii) the member of the school program that should receive credit for the donation (if applicable)
(iv) be sure that whomever is writing the check includes how they want their name to appear on the team page they are donating to (first name/last name, last name only, anonymous…).
Are donations tax-deductible?
Yes! Edco has partnered with a 501(c)(3) nonprofit organization – Channel Education Foundation, tax ID 46-4372812 – to ensure that donors are eligible to receive a tax-deduction for their donations. All donors will receive a receipt from Channel Education Foundation with its EIN and tax-deductible information.
As long as no goods or services were provided in exchange for the donor’s contribution, it may be tax-deductible to the extent allowed by law. Please consult a tax advisor if you have questions about a specific donation.