FAQ
Never! This program is designed simply for you to increase your financial support, beyond your donation to your favorite charities, as well as decrease your merchant service costs and get the service that will benefit your business.
However, if you are a business that is not presently donating to any IRS recognized charity and would like to do so, we can help pair you with organizations that meet both your and our Meridian Foundation requirements.
We put your support on fully automatic that allows you to concentrate on what you do best: running your business. Whether you make pizzas, sell clothes, or cut hair; your time is best spent doing that which brings in sales. Let us do the rest.
They have to meet basic Federal guidelines Meridian Foundation is an IRS recognized foundation.
They also must be registered and approved by the IRS, located in the US or have a US office, are currently in good standing, and in good standing each and every time a quarterly check from the Meridian Foundation is issued.
They must meet basic Meridian Foundation guidelines as set up in our By-Laws.
Being a faith-based group, there are some basic parameters to be met. Right now, we gladly support schools, hospitals and medical programs, fine music, veterans, feeding the hungry, homes for the needy, orphans, maternity homes, animal care, ballets, inner city youth golf, and jail ministries.
Forever Funding Model
MyForeverFunding.com
- Businesses Take debit cards and credit cards as payment
- If you don’t take plastic (debit cards/ credit cards) you lose business
- Taking debit cards and credit cards as payment in the modern world is a must. People simply don’t carry cash anymore.
- How would you pay an online business without plastic?
- Businesses pay a fee to accept debit/credit cards as payment
- If your business is going to accept debit/ credit cards as payment you have to have a merchant account
- There are fees for having a merchant account. The System must be paid to run.
- The Fee is inescapable
- Some are cheaper, some are terrible, but all merchant accounts have fees.
- Having a merchant account means you must pay the system a fee
- The IRS says part of the fee can go to a bank or a charity
- Part of the fee was built into paying banks a referral fee
- Since the beginning of credit cards, the banks of the world have been the #1 lead generation source for businesses looking for a merchant account.
- Banks don’t really set up merchant accounts
- They use 3rd party groups to refer their merchant accounts to
- They don’t do this without a referral fee
- The IRS says this part of the fee can go to a bank or a 501(c)3 charity
- We know because we took this to the IRS to get this allowed
- Businesses can give to their charity without writing a check
- The money goes to the charity for the lifetime of the business
- The money is not a grant. It goes out in Unrestricted funds
- The money as it comes from a business is dependable and lets the charity build a budget.
- The business now has automated their philanthropy