Crowdfunder Site. Refunds?
@BeckyF Seems like a good idea and sounds simple enough to some, and I'm trying to think thru logistics.
1.
Who should
take it down? TN? BM? Others team members named? Crowdfunder website itself?
2.
Who would supply $ to refund donors? Same as above? TN, BM, crowdfunder website?
3. Should
all $ be returned? Is beneficiary obligated to return all $, even if it's been spent for stated use? What if beneficiary has spent all the $?
On crowdfunder site, iiuc, after a campaign is established & donations have been made, then periodically, donations (accumulated in
conduit a/c subject to crowdfunder's control) are automatically transferred (weekly?) to campaign's designated bank or fin. institution. Let's say in first 5 weeks, (hypothetically) $32,000 of $50,000 goal has been donated, then likely, iiuc, little, say $2,000, of that total remains in conduit a/c, which crowdfunder website could refund to donors.
4. Who should receive a refund of donations? The ppl who just donated $2000 in the last week? What about ppl who donated the first wk? And the ppl who donated in between? Should each donor get a
prorata share of $? If every donor is refunded in full, who pays for $30,000 refunding shortfall?
I may not be thinking about this from the right angle but from home-office/corporate policy & operations viewpoint, IME it's not a piece o'cake logistically. just my 2 cts.