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Re-Give at a Glance_regive.org


Welcome To Our World | A Quick Introduction to Re-Give → in 2 mins


This Is Why[ Back to Top ]


We are...


  • A global platform
  • Free to use: we don't charge any fees for any of our services (but third parties, e.g. identity verifiers, banks, etc, may)
  • Open to anyone and everyone, from anywhere in the world (acting either for themselves and/or for a third party), subject to applicable law
  • For any and all lawful use: personal, enterprise/venture (business/corporate/commercial: for-profit), charity/NGO/social (non-profit), governmental, etc
  • For individuals, businesses and organisations (from small startups to major, established multinationals)
  • Enablers of multiple types of crowdfunding, crowdsourcing and crowd commerce (online marketplace) - worldwide
  • A peer-to-peer (P2P) network that enables structured giving: personal and corporate social bonds (akin to secured/unsecured loans) and equity/shares
  • Providers of free, zero platform fee (third party fees may apply), instant and unlimited: online payments, transfers, exchange and remittance services - worldwide
  • As the platform operator: non-profit and non-commercial (the use of the platform, however, can be for any lawful for-profit and commercial purpose). We don’t have any advertisements on the platform nor do we sell our users private information for profit
  • Funded and supported (i.e our operational costs and requirements are covered) voluntarily by the general public and by socially/CSR aware businesses and organisations
  • Driven by social actions and generating positive social impacts: locally, nationally and across the world
  • Multicurrency: we currently support US Dollars ($), British Pound Sterling (£) and Euros (€)
  • Serious about making our users successful: we have a dedicated, in-house affiliate network, marketing and PR service for our users called RAMP. We don't charge any fees for this, but our marketing and PR partners may. We also don't feature one user above another, all users are equal and have a level playing field to operate from
  • Serious about risk: we employ various online and offline mitigation measures to minimise risk
  • Serious about commitments: with the exception of structured giving (social bond and equity/shares) and financial rewards and gifts, all other pledges and commitments made on our platform are legally binding and are enforceable worldwide. However, those seeking financial support through structured giving and/or offering financial rewards and gifts can subsequently, voluntarily convert their pledges and commitments into legally binding (enforceable) ones without our involvement, either independently or by using a member of our global network of independent law firms
  • Serious about fraud and money-laundering: as part of our due diligence process, we ensure that the identification and authority of every individual person, company and organisation successfully raising money through our platform for the very first time (either for themselves or by others for them) is independently and physically verified, in real-time and face-to-face, by a member of our global network of independent verifier law firms (there may be a fee charged by the law firm for this). No money is released until verification is fully completed

We enable you to...


Support with money and resources: verified people, businesses and organisations throughout the world who inspire you. Click to see how


Inspire the global crowd to support you or those you are acting on behalf of, with money and resources. Click to see how


The Future Is Ours - click image to play video



We facilitate...


► Just create an Ask (your request to the global crowd for something) to get started


► Or, browse the current Asks to see if anything catches your imagination


Our current range of services include personal, for-profit, governmental, non-profit (charity/NGO/social), enterprise, venture, corporate, commercial, etc:


Crowdfunding → Structured Giving

Crowdfunding → General Giving

Crowdsourcing

Crowd Commerce | Online Marketplace

The Rules[ Back to Top ]


We have a global scope and, subject to applicable law, our platform is open to anyone and everyone, from anywhere in the world.

We are for any lawful: personal, enterprise/venture (business/corporate/commercial: for-profit), charity/NGO/social (non-profit), governmental, etc use. Thus, unless required otherwise by applicable law, there are no restrictions regarding who can use our platform (i.e. you can be a private individual, an entrepreneur, a group of people/consortium, a for-profit commercial/corporate company/business, a social enterprise, a charity/non-profit organisation, a governmental body, a start-up, newly or well-established, a small operation or a huge global multinational, etc).

There are also no restrictions or limitations regarding for what purpose you can raise money or secure resources (i.e. it can be for personal, business, social, charitable reasons, etc), except that the purpose must be lawful. You can also use our services on behalf of a third party (all monies raised will go directly to them). However, whoever or whatever you are and wherever you are from, you must abide by our Terms and Conditions, which becomes legally binding on you upon your acceptance of them, and:


  1. Once you successfully raise money through our platform for the very first time: you must be independently and physically (identity and authority) verified, in real-time and face-to-face, by a member of our global network of independent verifier law firms before any money you raise is released to you (there may be a fee charged by the verifier law firm, see here for details). If you are not raising any money (e.g. are using our non-financial services) or are raising money for a third party, then you don’t need to go through verification yourself unless you wish to (but any third party you are raising money for has to be verified before any money raised by you for them can be released to them by us).
  1. You must use any money or resources secured from the crowd for the purpose which you stated on your Ask (a request to the crowd for something), which must be lawful under English law and also the law of the country of your nationality and (if different) residence and which must not be any of the Prohibited Activities as stated within our Terms and Conditions, and you must ensure that everything you say is true and fulfil all pledges and commitments you make.

How it Works[ Back to Top ]


It’s not as complicated as it may first seem.

To start with, read our Rules and this page fully and in it's entirety to get a clear understanding of what we do, how we do it and how we work and what you can and cannot do (we apologise in advance for repeating information in various sections, this is done in order to make each section independently understandable). We also urge you to read our Terms and Conditions (they are not very long), then:

  • If you want to offer support (you are a Giver): simply browse the Asks to see if anything catches your imagination and if it does, just follow the instructions. Also take a look at What can I do for others?
  • If you are looking for support (you are an Asker): simply follow the instructions to create and publish an Ask (your request to the crowd for something). You create an Ask by following a few simple steps, you then put in the relevant information to make sure that your Ask makes sense both to you and to those who will read it (i.e. your potential backers), and then you publish it. After that, you promote it as much as you can to get people to visit your Ask and to support you. You can do this independently but you can also do it easily through our platform via simple social media integration and also through our RAMP service. Also take a look at What can others do for me?

QUICK START

You can publish an Ask and start promoting it right away - literally within a few minutes (the purpose must be lawful). If you are new, you can start to raise money now and verify your ID later (we will release any money you raise after you are verified). This lets you test out your ideas and proposals with the crowd to see how things go before you go through verification.

Need help?

Whether you are a Giver or an Asker, there are of course lots of things that you have to consider and do, that's why it's best if you read this page in full first, before you start. If you have any questions or need any help, just email us and we will endeavour to help you as much as we can.


Managed Services[ Back to Top ]


If you don't have the time, resources or the expertise to plan and run an effective Ask on Re-Give, you can outsource this to one of our partners, who will use experts and sector specialists to create and manage your Ask to the level that you require.

You may also wish to use Re-Give to effect a positive outcome for society or the environment, but don't have any ideas of how to do this. In such cases, you can engage one of our partners to work on your behalf to develop effective projects and programmes (from the inception stage all the way to full completion) that will help to achieve this and which are in alignment with your ethos and objectives.

For more information about managed services, please email us.


About Us[ Back to Top ]


Who and what is Re-Give?


Welcome to our world, where you can harness the vast power of the global crowd to do well for yourself, your company or your organisation, whilst enriching society.

We are the world’s first free, non-profit, non-commercial, open to all, social action and social impact driven, personal and enterprise. global: CrowdsourcingCrowdfunding, Crowd Commerce and Payments platform.

What drives us

We care deeply about society and the environment and our objective is to be a powerful driver of positive social evolution - at scale.

Free and open

We don’t charge any fees for what we empower you to do (although there may be some fees charged by others that are beyond our control, see here for details) and our services are free to use by (and open to) anyone from anywhere across the world, as long as they abide by our Rules (please bear in mind however that your use of our platform may be restricted if required by applicable law).

How and why we are funded

We are funded voluntarily by the public and socially/CSR aware businesses and organisations and provide services that match capital and resources seeking social and environmental returns with individuals, businesses and organisations from all across the world that create these returns. We enable and empower the crowd to achieve their short and long term financial, commercial and social objectives – and we are the only combinatorial global platform that enables structured giving (social bond and equity/shares) and which carries out independent and physical (real-time and face-to-face) verification of those seeking to raise money (either for themselves or by others for them).

In simple terms

We are built around an age-old concept: you help me, I help you…..but the difference here being: you help me, I help you and together, we also help society and the environment. Through us, you can make a genuine difference, resulting in people leading better lives.

The Power of the Crowd

We want to help make the world a better place – but we know that we alone can’t make a meaningful positive difference to the world just by ourselves. However, if we enable others to achieve their personal or commercial objectives whilst, at the same time, giving them the scope to do something to make a positive difference themselves – then the combined, cumulative effects of many people and organisations across the world doing this will – we believe – result in a real and meaningful positive impact in society and the environment on a significant scale.

We are, therefore, focused on galvanising those who use our services to harness the vast power of the global crowd to do well themselves, whilst at the same time, carrying out social actions that enrich society and the environment - locally, nationally and across the world. To our users: we are a spark that ignites imaginations and creates countless chain reactions; a catalyst for positive worldwide societal advancement.

Corporate structure

Our official name is Re-Give Global. We are a registered non-profit organisation based in the UK. We are not a charity but a not-for-profit company limited by guarantee (CRN: 08618502). We are exempted by Companies House from using the word 'Limited' or 'Ltd' after our name. See Contact for our registered address.

Why Re-Give is not a registered charity

An organisation cannot be registered as a charity if it has some purposes that are charitable and some that are not. Although Re-Give is a non-profit entity and is operated for the benefit of the public, it has some purposes that are not exclusively charitable (e.g it allows Askers that have commercial, for-profit objectives to use its services for personal and corporate benefit).

Who owns Re-Give?

As a non-profit organisation, we have no shareholders.

Corporate Governance and Management: who runs Re-Give?

The people and resources behind Re-Give: we are a growing, centralised organisation and are run (and resourced) by a diverse group of business and technology professionals from around the world, both on a paid and gratis/pro-bono basis.

Why are the people running Re-Give doing this on a non-profit, no-fee basis?

Simply – the opportunity to make a positive, lasting difference in the world. The people who run Re-Give have dedicated themselves to help make the world a better place for everyone. They get a salary of course, but only at standard industry rates, commensurate with their experience and expertise. Their motivation therefore is not personal monetary gain or public recognition – but the potential to do something greater than themselves.

The Board of Management

Our Board of Management is led by Re-Give's founder and director, and in keeping with our open, equal opportunity and level playing field for all nature and to ensure a sense of equality and parity within our workforce and all those involved with Re-Give, no matter how small or large their role – we believe that the contribution of one group of people within our organisation should not be emphasised over another in public. For this reason, the Board opted not to have just their own details published here and, as it would be impractical to do so, also not to publish the details of everyone involved with Re-Give either.

However, this does not mean that the members of the Board are anonymous or unknown or that they have not been subject to enhanced personal due diligence, as the full details of the Board are with all relevant Government entities, companies, organisations and individuals that we work with and are available to the public upon request.

If you have any questions related to our corporate governance, Board of Management or the general running of Re-Give, please email us.


Go back to FAQs


What does Re-Give do in practical terms?


We enable the global crowd of individuals, businesses and organisations providing or seeking anything for lawful purposes to find and connect directly with each other in a relatively safe and secure online environment and to ask for whatever they need directly from the global crowd by publishing an Ask (a request to the crowd for something) on our platform. It is up to those seeking something from the crowd (the Asker) to promote and publicise their Ask in whatever way they deem appropriate.

We don’t provide anything directly ourselves, we only provide the means for our users to interact with the global crowd through our Crowdsourcing, Crowdfunding, Crowd Commerce and Payments services.

Our guiding principle is that you decide what you want to get out of it by using our services. There is nothing in it for us, just the satisfaction that we are helping bring people, businesses and organisations together for a common good: the betterment of society and the environment. We just make sure that you have the reassurance you need that it is all honest, decent and truthful.

Start using us and see for yourself, join the global Re-Give crowd and together we can act to make the world better.


For further information, see:

What can I do for others?

What can others do for me?


Go back to FAQs


What are Re-Give’s fees or other charges?


regive.org_is free to use


We are free to use

We charge absolutely no fees whatsoever – there are no signup, set up, regular, transaction subscription, commission, listing or any other apparent or hidden fees or charges. We provide our services completely for free – with no strings or stings (we do not have advertisements on our site and we do not sell your private and personal information for profit). Our aims and objectives are social, not commercial and we are funded voluntarily by the public, this is why we don’t charge any fees. Please click here to support us financially or in whatever way you can.

Fees charged by others: where you may incur costs

Although we don’t charge you anything for using our platform, there may, unfortunately, be certain fees charged by others such as external card payment processor charges, identity and authority verification fees, etc that may apply and over which we have no control. However, we will tell you what these are in advance and we are constantly striving to get these charges reduced for you.

Your Re-Give Account

All of our registered users automatically have their own unique Re-Give Account, which is a virtual bank account that sits within a real, segregated client bank account held by us with Barclays UK. If you want to give money to an Ask or to someone with a Re-Give Account, you will first upload money to your own Re-Give Account from your own bank account or via credit or debit card. The former is, ordinarily, cost free if your bank account is in the UK. However, there may be a charge if you use the latter.


exclamation Credit and debit card payment processing fees

At present, a card handling fee is charged by our external card payment processor, Stripe (this is all taken by Stripe, we don't get any of this fee or receive a 'kickback' or commission from Stripe for this). Here are details of Stripe's current fees for US Dollars ($), British Pound Sterling (£)andEuros (€).


exclamation Wire transfer fees (if your bank account is outside the UK)

If your bank account is located outside of the UK, then there may be a wire transfer fee charged by your bank for payment uploads you make into your Re-Give Account; and by Barclays for payment downloads to your bank account. We cannot tell you what these fees could be as it's the respective bank that sets these fees. Please contact your bank and Barclays to find out more. Wire transfers within the UK are, ordinarily, cost free.

Zero fee (completely cost-free) transactions for users with UK bank accounts

Due to the external card processor fees mentioned above, if you upload money to your Re-Give Account via a credit or debit card, then you will have less than 100% of the amount you upload. However, if you have a UK bank account and can upload money to your Re-Give Account directly from your bank account through any available means (telephone, in-branch or online, including via Paym or Barclays Pingit - the details of how to do this will be on your Re-Give Account page once you are registered on our system) then you will have 100% of the amount you upload because these fund transfer methods are, ordinarily, cost free.

We are working hard to expand the completely cost-free transaction service to other countries and will publish a list of countries that we can do this through as soon as we are ready. We are also developing our own free (zero fee) card processing and Payments services to make financial transactions much easier and at much lower costs for you.


exclamation Identity and authority verification fees

If you raise money from the crowd through our platform, then for the very first time you do this and before we can release any money you have raised to you, your identity and authority will need to be independently and physically verified, in real-time and face-to-face by a member of our global network of independent verifier law firms. If you are not raising any money (e.g. are using our non-financial services) or are raising money for a third party, then you don’t need to go through verification yourself unless you wish to (but any third parties you are raising money for has to be verified before any money raised by you for them can be released to them by us).

The law firm carrying out the verification may charge you a fee for their verification services (we don't get any of this fee or receive a 'kickback' or commission from the firm for this), the amount charged will depend on where they are based and the level of services they offer. It is up to you to contact the firm you wish to use to find out what the fees are. See Verification Fees for more information. Once you are verified, you will not have have to go through verification again unless there was a specific reason to do so such as if you change your name, your bank account, etc.

QUICK START: pre-verification activity

You may not wish to pay for identity and authority verification until you have raised a sufficient amount of money first or you are raising money for a third party. This is why you are required to undergo verification only if you are raising money for yourself (or money is being raised for you) and only after the very first monetary amount is committed to you by a Giver, not before – i.e. you are free to actively raise money through our platform before you are verified but any money raised will only be released to you (or to the third party you are raising money for) after you (or the third party) are fully verified. While you remain unverified, potential Givers are informed that verification is pending (or is not required) and that any money they have committed to you is not at risk.


exclamation Collateral verification fees

If you are providing guarantees and/or security/collateral to ensure your fulfilment of specific pledges and undertakings that you make to potential Givers (e.g. that you will make a specific gift/donation on a specific date to a Giver, that you will carry out your stated social action fully and on time, etc); you may need to pay a fee (which may be quite substantial) directly to the law firm appointed by us to verify and confirm the guarantee and security/collateral verification and to carry out the requisite legal work. We will inform you as to what the fees may be in advance of appointing a firm; if you wish to proceed – the firm may require full or part payment in advance from you. Identity and authority verification is automatically included within the collateral verification process, so you don't have to do this separately.


exclamation Voluntarily converting non-binding pledges into legally binding ones

If you are seeking financial support through structured giving and/or offering financial rewards and gifts; to make it easier to attract support from the crowd and to demonstrate seriousness of purpose, you can (after making the relevant pledges) voluntarily convert your non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms.

The law firm carrying out this work for you may provide this service for free, others may charge a fee (we don't get any of this fee or receive a 'kickback' or commission from the firm for this), the amount charged will depend on where they are based and the level of services they offer. It is up to you to contact the firm you wish to use to find out what the fees are. See Legally Binding Commitments for more information.


Other fees or charges

There are no other fees or charges for ordinary use of our platform. There may, however, be certain other fees or charges that you may need to pay (to others, not to us) in exceptional situations, but we will inform you of what these are in advance. No fees or charges will be automatically applied without your express consent or pre-authorisation.


JOIN US in our campaign to get others to drop their fees and charges

We are doing this for free to benefit society and the environment, shouldn't they as well? [links to a section in our blog]


Go back to FAQs


How is Re-Give funded?


Our operational costs are funded entirely through the generosity of the public and also by various businesses and organisations through financial contributions, interest-free loans, tax-deductible donations, grants, endowments, bequests, gifts/legacies, etc (we do not have advertisements on our site and we do not sell your private and personal information for profit).

We are also supported through products, resources, services and professional expertise provided to us either on a very low cost or on a gratis/pro-bono basis. As an example, the prestigious, top-tier international law firm, Weil, Gotshal & Manges, provides us with legal advice and assistance on a pro-bono basis. Our aims and objectives are social, not commercial, which is why we don’t charge any fees and the reason why our supporters back us.

We need your backing to continue providing our services for free and to carry on helping people and organisations throughout the word to make a positive social and environmental difference in their community, society and across the world. 

Please therefore support us financially or in whatever way you can. Click the image below to see the many convenient and tax-efficient ways of supporting us.


Help Keep Re-Give Free
KCA Support Re-Give
Re-Give Trust

Tax Efficient Giving

If you require your donation to us to be tax-deductible, just send us an email to rgt@regive.org to let us know. Please quote your donation details (your name, the amount you donated, the method and date of donation) in the email. Once we confirm the details, we will ensure that the donation is received from you to us through our charitable organisation, Re-Give Trust, which is currently in the process of being registered in the USA as a 501(c)(3) non-profit organisation (IRS Federal ID Number: pending) and by the Charity Commission for England Wales as a Charitable Incorporated Organisation (Registered Charity Number: pending). Once your donation is received, Re-Give Trust will send you a confirmation of your tax-deductible donation by email.


Go back to FAQs


Does Re-Give do Interest-Free Loans or Peer-to-Peer Lending?


Our platform does not allow any lending or borrowing, but through Structured Giving, you can achieve a similar outcome:

If you have money (you are a Giver)

  • You can support others by giving them money now, as a gift/donation.

  • Receive up to the same amount of money later from those you support now, as a gift/donation.

If you need money (you are an Asker)

  • You can raise money from the global crowd now, as a gift/donation.

  • Pledge to give up to the same amount of money later to those who support you now, as a gift/donation.

Technical Considerations

Money is given and received now as a free, unconditional and independent gift/donation - not as a loan.

Money is given and received later under a gratuitous, honour-based (non-legally binding) pledge made by the Asker called a Social Bond, which is simply a freely and unconditionally made promise/commitment by the Asker to make a gift/donation to the Giver on a future date. However, an Asker has the subsequent option to voluntarily convert their social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

The word 'bond' in the phrase 'social bond' as used in our platform is not meant in the financial (investment/securities) sense. Within our platform: a social bond is not a 'financial' bond, it is not a promise of repayment of a loan, it is not a debt instrument nor an acknowledgement of a debt nor is it any form of debt security – and it is not related to any form or type of lending/borrowing or investment activity by any of the parties involved. Although in some instances the word ‘bond’ has a financial (investment/securities) connotation, it also has other well-known, well-defined and well-understood social, sociological and legal meanings as well, such as ‘connection’, ‘promise’ and ‘join’ (http://dictionary.cambridge.org/dictionary/british/bond) and it is in these other non-financial contexts that the word ‘bond’ is used by us in this platform.

If required: to assure Givers that the Asker intends to properly fulfil their social bond pledge, the Asker may voluntarily provide Givers with appropriate collateral in support of their pledge, which can be forfeited to Givers if the Asker reneges on (or fails to properly fulfil) the pledge. An Asker can only do this after they have voluntarily converted the relevant social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. We will only consider a social bond pledge as secured if the collateral offered is easily realisable. This collateral is not loan security as there is no lending or borrowing involved. 


Reciprocity based on gratitude

A social bond pledge is freely, unconditionally and independently made by an Asker to a Giver as an unrestricted act of reciprocity, after an Asker receives a gift/donation of money first from a Giver. The Asker does this as an act of gratitude for the Givers prior support of the Asker. Both Givers and Askers are free to determine what to give to each other as a gift/donation (along with its value).

Documentation and monetary values

For documentation and operational purposes, the Asker’s social bond pledge is made within a structured process so that our systems can generate the relevant documents for both parties. As part of this process, we automatically, autonomously and independently ensure that the monetary amount the Asker undertakes to donate to the Giver later (through their social bond pledge) is not less than the monetary amount the Giver donates to the Asker now. 


Is this not similar in economic effect to an interest-free loan?

It may give this impression at first glance, but the crucial, overriding distinctions here are that (1) a freely, unconditionally and independently made social bond pledge is not an enforceable, legal binding contract/agreement and that (2) it does not represent a loan as there is no lending or borrowing involved, as the Asker is not borrowing any money from the Giver and conversely, the Giver is not lending any money to the Asker.

When the Asker makes a separate monetary donation to the Giver at a later date, it is not a repayment of a loan made by the Giver, but an independent, stand-alone gift/donation, freely made by the Asker to the Giver, as appreciation for the Giver's prior support of the Asker.

In simple terms

The Giver makes a free, unconditional and independent gift/donation of money to the Asker for the Asker to carry out their objectives as detailed in their Ask (and does not want this money back or seek anything directly in return for this), and the Asker separately makes a free, unconditional and independent gift/donation of money later to the Giver as appreciation for the Giver's support (and does not want this money back or seek anything directly in return for this).

Legal and Regulatory aspects

The free, unconditional and independent giving and receiving of money on a gift/donation and non-legally binding pledge basis is not a controlled or regulated activity.

In both legal form and substance, and for regulatory clarification: both the Asker and the Giver are only making a free, unconditional and independent donation of something of value to each other, without expecting anything back from each other in return from each of their respective donations.

Risk and Due Diligence

Please see Risk Warning to fully understand the legal and financial risks involved and Risk and Due Diligence to see what we do in terms of mitigating risk and carrying out due diligence on Askers. 


For further information, see:

Social Bond - Secured | Unsecured

Structured Giving


Go back to FAQs


Does Re-Give do Equity Investments?


Our platform does not allow any investments to be promoted, offered or made, but through Structured Giving, you can achieve a similar outcome:

If you have money (you are a Giver)

  • You can support others by giving them money now, as a gift/donation.

  • Receive equity/shares in a company from those you support, as a gift/donation (US persons may not, however, receive equity/shares).

If you need money (you are an Asker)

  • You can raise money from the global crowd now, as a gift/donation.

  • Give equity/shares in a company to those who support you (other than US persons), as a gift/donation.

Technical Considerations

Money is given and received as a free, unconditional and independent gift/donation - not as a financial consideration (payment) for an investment - i.e. money is not exchanged for shares in a company.

Equity/shares in a company is given and received as a free, unconditional and independent gift/donation - not as a consideration for payment.

The commitment by the Asker to make a free, unconditional and independent gift/donation of equity/shares to a Giver is a gratuitous, honour-based (non-legally binding) pledge. However, an Asker has the subsequent option to voluntarily convert their equity/shares pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

The actual issue or transfer of equity/shares from one party to another is completed outside of our systems by the parties themselves, without our involvement. We are also not involved in any tax or legal matters relating to this. See: Issue or transfer of shares for more information. 


Reciprocity based on gratitude

Equity/shares in a company is freely, unconditionally and independently given by an Asker to a Giver as an unrestricted act of reciprocity, after an Asker receives a gift/donation of money first from a Giver. The Asker does this as an act of gratitude for the Giver's prior support of the Asker. Both Givers and Askers are free to determine what to give to each other as a gift/donation (along with its value).

Documentation

For documentation and operational purposes, the Asker’s gift/donation of equity/shares to a Giver is made within a structured process so that our systems can generate the relevant documents for both parties.


Is this not similar in economic effect to an equity investment?

It may give this impression at first glance, but the crucial, overriding distinctions here are that (1) a commitment by the Asker to make a free, unconditional and independent gift/donation of equity/shares to a Giver is not an enforceable, legal binding contract/agreement and that (2) this is not an equity investment as the Asker (the donor of the shares) does not sell the shares to the Giver (the recipient of the shares) and thus does not receive any payment (as consideration) from the Giver for the shares. Conversely, the Giver does not buy, subscribe for or underwrite the shares and thus does make any payments to the Asker for the shares.

When the Asker makes a separate donation of shares to the Giver, it is not delivery of something that has been paid-for or invested-in by the Giver, but an independent, stand-alone gift/donation, freely made by the Asker to the Giver, as appreciation for the Giver's prior support of the Asker.

In simple terms

The Giver makes a free, unconditional and independent gift/donation of money to the Asker for the Asker to carry out their objectives as detailed in their Ask (and does not want this money back or seek anything directly in return for this), and the Asker separately makes a free, unconditional and independent gift/donation of shares to the Giver as appreciation for the Giver's support (and does not want the shares back or seek money or anything else directly in return for this).

Legal and Regulatory aspects

The free, unconditional and independent giving and receiving of equity/shares in a company on a gift/donation and non-legally binding pledge basis is not a controlled or regulated activity. For US legal reasons, US persons cannot receive equity/shares. 

In both legal form and substance, and for regulatory clarification: both the Asker and the Giver are only making a free, unconditional and independent donation of something of value to each other, without expecting anything back from each other in return from each of their respective donations.

Risk and Due Diligence

Please see Risk Warning to fully understand the legal and financial risks involved and Risk and Due Diligence to see what we do in terms of mitigating risk and carrying out due diligence on Askers. 


For further information, see:

Equity | Shares (all stages)

Structured Giving


Go back to FAQs


What can I do for others?[ Back to Top ]


If you have what others need (e.g. money, resources, expertise, etc) and are willing to do something good for society and to help make the world a better place, you can directly support a multitude of independently and physically (in real-time and face-to-face) verified individuals, businesses and organisations throughout the world whose social actions, aspirations and proposals inspire you or which are in alignment with your personal or corporate ethos, values and objectives. You can do this using options that are best suited for you, simply browse the Asks to see if anything catches your imagination.


Go back to FAQs


What can others do for me?[ Back to Top ]


If you require money, resources, services, expertise, advice, etc or want to find partners for your project, initiative, venture or business or to sell your goods and services online - either for yourself or for a third party, then:

Whether you are a private individual, an entrepreneur, a group of people/consortium, a for-profit commercial/corporate company/business, a social enterprise, a charity/non-profit organisation, a start-up, newly or well-established, a small operation or a huge global multinational - you can use our platform to achieve your personal, business or social objectives by publishing an Ask and then promoting it as much as you can to drive the global crowd to it.

Due Diligence

You must, of course, abide by our Rules and once you successfully raise money through our platform for the very first time: be independently and physically (identity and authority) verified, in real-time and face-to-face, by a member of our global network of independent verifier law firms before any money you raise is released to you (there may be a fee charged by the verifier law firm, see here for details). If you are not raising any money (e.g. are using our non-financial services) or are raising money for a third party, then you don’t need to go through verification yourself unless you wish to (but any third parties you are raising money for has to be verified before any money raised by you for them can be released to them by us).

QUICK START

You can publish an Ask and start promoting it right away - literally within a  few minutes (the purpose must be lawful). If you are new, you can start to raise money now and verify your ID later (we will release any money you raise after you are verified). This lets you test out your ideas and proposals with the crowd to see how things go before you go through verification.

ACHIEVING SUCCESS

The success of your Ask will depend on how much you promote it (this is your responsibility, we don't promote your Asks) and how compelling your Ask is and a big part of that will be how inspiring and appealing the crowd thinks your social actions, aspirations and proposals are. The strength and quality of your Ask along with your offers and proposals to your potential supporters – combined with a big, well-executed promotional push in social and other media should give your Ask a very good chance of being successful.

Promotion

The more you promote your Ask via traditional and online methods (word-of-mouth, email, sms, Facebook, Twitter, Instagram, LinkedIn, etc), the more chance you will have of driving traffic to it and hitting your target.

Social Action

Social actions inspire the crowd to support those they ordinarily might not. If you are doing a social action (this is optional, although the crowd may be more inclined to support you if you do offer to carry out a specific, defined and verifiable social action), this is your opportunity to shine and wow the crowd and to convince them as to why it makes sense for them to support you. See Social Action for more info.

There are no limits or restrictions as to what you can do as a social action, except that it must be lawful. The social action can be something as small as someone picking-up litter every week in a neighbourhood or as big as a major global development programme by a multinational corporation benefiting millions of people in many countries or which reduces huge amounts of carbon dioxide.

Bear in mind that once committed to by you, it becomes legally binding on you to carry out your stated social action - i.e. you are obligated to carry it out, otherwise you may face legal or financial penalties (the Givers who support you may monitor and verify whether you have properly carried out your stated social action). Your commitment becomes effective as soon as the very first Giver makes a commitment to back an Ask published by you (within which you have detailed your social action commitment).

Independent Social Actions

Your Ask does not have to be about your social action, it can be totally independent of it. This means that your Ask can be for your own personal or business needs but your social action does not have to be related to that need. You can, for example, raise money from the crowd to complete your eduction (or to pay-off existing student loans), to buy a car for your personal use, to start or expand your business, etc. In return, you can offer to carry out a social action that may or may not be related to the reason for which you are raising the money.

"The Sky Is Not The Limit. Your Imagination Is"

Our suggestion about social actions is that if you're going to be thinking about what social actions to carry out, you might as well think big and bold because the better, the more achievable and inspirational your social action is and the more financial/socio-economic value it has, the more inspired the crowd may become become to support you. You can also give confirmed guarantees (verified by us) to back-up your social action commitment as this will give further confidence to the crowd to back your Ask.

...but make sure your social actions are achievable

We caution you to only offer to do something as a social action which you can fully and completely carry out properly and on time (either yourself or through third parties, see SaTx | Social Action Transfer and Exchange). Otherwise you might face various difficulties such as financial and legal consequences and a risk to your reputation on our platform (see SAR | Social Action Register), which may hinder your ability to secure support from the crowd in the future.

If you need inspiration or ideas regarding what social action to offer, here's a list of the Top 10 Social Actions [link coming shortly] as voted by the world’s public.

Social Bond

If you freely make an unconditional and independent (non-legally binding) pledge to make a gift/donation of money on a future date to those who support you now (this is called a social bond), you may get a better response from the crowd. You can also voluntarily convert your non-legally binding social bond pledge into a legally binding one without our involvement, either independently or by using a member of our global network of independent law firms and give confirmed security/collateral (verified by us) to back-up your social bond as this will give further confidence to the crowd to back your Ask. Please make sure you can meet your social bond pledge before making it. See Social Bond - Secured | Unsecured for more info.

Equity | Shares

If you are raising money for a company or a business, and can freely make an unconditional and independent (non-legally binding) pledge to make a gift/donation of equity/shares to those who support you now, you may get a better response from the crowd. You can do this at any stage: seed, start-up, growth or mature. You can also convert your non-legally binding equity/shares pledge into a legally binding one without our involvement, either independently or by using a member of our global network of independent law firms, as this will give further confidence to the crowd to back your Ask. Please make sure you can meet your equity/shares pledge before making it. See Equity | Shares (all stages) for more info.

Rewards and Gifts

To give your Ask a good chance of success, you should do everything else that you can to attract the support of the crowd. You can, for instance, offer a range of financial and non-financial rewards, gifts, benefits and incentives to those who support you. There are no limits or restrictions as to what you can offer, except that it must be lawful.

Bear in mind that once committed to by you, it becomes legally binding on you to deliver the rewards and gifts you offered - i.e. you are obligated to do so, otherwise you may face legal or financial penalties. Financial rewards and gifts are excluded from this (i.e. they are not legally binding), but you can subsequently, voluntarily make such pledges legally binding/enforceable without our involvement, either independently or by using a member of our global network of independent law firms. Your commitment becomes effective as soon as the very first Giver makes a commitment to back an Ask published by you (within which you have detailed your offers of rewards and gifts).

Please make sure you can deliver what you offer

We caution you to only offer rewards and gifts which you can fully and completely deliver properly and on time. Otherwise you might face various difficulties such as financial and legal consequences and a risk to your reputation on our platform (see Failboard), which may hinder your ability to secure support from the crowd in the future.

Fulfilment of your rewards and gifts pledge

We keep details of your rewards and gifts pledge for record keeping and notification purposes and once you have fulfilled your pledge, it is then up to the recipient Giver to confirm this by clicking the relevant indicator on their Account section on this platform. The same applies if you do not fulfil your pledge. We will not automatically consider your rewards and gifts pledge as fulfilled or not – unless the relevant Giver notifies us of this.

Voluntarily converting gratuitous, honour-based promises into legally binding ones

To make it easier to attract support from the crowd and to demonstrate seriousness of purpose, if you are seeking financial support through structured giving (social bond and equity/shares) and/or offering financial rewards and gifts, you can (after making the relevant pledges) voluntarily convert your non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms (some firms may provide this service for free, others may charge a fee). Givers may feel more confident, assured and safe in supporting you if you opt to voluntarily bind your pledges, whereas if you don't do this, you may find it harder to secure support from the crowd.

Leaderboards

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future. 

We have various list and registers that allows us to internally track the fulfilment of specific pledges and undertakings made by Askers along with their socio-economic value, real-life impact, etc – and to allow Askers the option to allow historical data about their pledges and undertakings to be made public on our site, allow prospective employers/partners/clients to verify an Asker’s claim that they carried out a specific pledge or undertaking, etc (this will look great on resumes, business & personal profiles, etc – but they will be even better when verified by us).

Both Askers and Givers can allow access to specific interested parties or make their pledges and undertakings data public. They can also join respective Leaderboards [link not live yet]: a top 10 list compiled under various metrics through which participating Askers can showcase the pledges and undertakings they've successfully fulfilled (and Givers can showcase those they backed/supported). This list will be published in other media as well – thus enhancing and amplifying the positive PR for participating Askers and Givers.

Outsourcing your campaign

If you need professional assistance in creating, publishing and promoting your Ask, consider outsourcing your campaign to our specialist partners (expert online campaign consultants). They might charge you a fee or come to a mutually beneficial arrangement with you. Find out more… [link not active yet]

So, let's get going: publish an Askstart promoting it and see what new horizons open up.


Go back to FAQs


Crowdsourcing[ Back to Top ]


Crowdsourcing is sourcing products, services, ideas, expertise, capital, content, resources, volunteers, workforce, etc from a large group of people and providers (i.e. the crowd) rather than from a few traditional sources/providers – either on a commercial or non-commercial basis. Examples of crowdsourcing include: research information, data crunching, use of specific resources/assets/skills/expertise, pro-bono/volunteers, land/building/office space, etc. Subject to our rules, you can crowdsource anything and everything through our platform for personal, enterprise or corporate purposes (either for yourself and/or for a third party) - without paying us any fees or charges.

Watch this video to understand more

Resources

Through our Resources channel, you can ask the crowd for (and give to the crowd) anything and everything (with the exception of money, which is under our crowdfunding service) - either on a commercial or non-commercial basis. Once a potential resource provider responds to your Ask (within which you have detailed your resource requirements), you and the resource provider work out the terms of moving forward directly between yourselves, without our involvement. If you need financial commitments from the resource provider, you either discuss this directly between yourselves (i.e. without our involvement) or do it through our crowdfunding service.

There are no restrictions or limitations regarding for what purpose you can secure or provide assets and resources, which can be tangible or intangible, free or paid-for or a mixture of all of these, except that the purpose must be lawful. The possibilities are endless.

Partnerships

Through our Partnerships channel, you can seek (and offer to become) partners for projects, business, ventures, endeavours, etc (no matter how large or small) – either on a commercial or non-commercial basis. Once a potential partner responds to your Ask (within which you have detailed your partnership requirements), you and the potential partner work out the terms of moving forward directly between yourselves, without our involvement. If you need financial commitments from the prospective partner, you either discuss this directly between yourselves (i.e. without our involvement) or do it through our crowdfunding service.

There are no restrictions or limitations regarding for what purpose you can seek or become a partner and what the terms of the partnership are, except that the purpose must be lawful. Again, the possibilities are endless.

Optional Social Action, Rewards and Gifts

Whatever you are crowdsourcing for, you can, optionally, offer to carry out a specific, defined and verifiable social action chosen by you, in return for the crowds support. If you are acting for a third party, then it is between you and the third party to determine who will carry out the social action. 

Although it is optional, the crowd may be more inclined to support you if you do offer to carry out a meaningful social action. The better, the more achievable and inspirational your social action is, and the more financial and socio-economic value it has, the more inspired the crowd may become to support you. See Social Action for more information.

You can also, optionally, offer rewards and gifts to potential Givers to attract their support. If you are acting for a third party, then it is between you and the third party to determine who will offer the rewards and gifts. See Rewards and Gifts for more information.

You can also combine social actions with rewards and gifts to make your Ask even more attractive to the crowd.


Go back to FAQs


Crowdfunding[ Back to Top ]


Crowdfunding is a sub-set of crowdsourcing, where a ‘crowd’ of people from across the world - often unknown to each other – each give money (often through an online platform) to an individual, business or organisation raising capital (through various methods) for a particular purpose. Subject to our rules, you can crowdfund for any purpose and for any amount in US Dollars ($), British Pound Sterling (£) and Euros (€) through our platform for personal, non-profit, enterprise and corporate purposes (either for yourself and/or for a third party) - without paying us any fees or charges.

 

Crowdfunding

Watch this video to understand more

Why use crowdfunding?

The crowdfunding model spreads the funding risk far and wide and is often a more successful route for raising capital than sourcing the full funding amount from a single (or a small number) of individuals, financial institutions or organisations. The advantages of crowdfunding are:

  • You can reach a wide international audience very quickly.

  • You can attract a lot of capital while you build-up your project, business or brand identity.

  • You can get a lot of valuable feedback on your project from the crowd.

  • You can turn those who fund you now into regular (or future) funders and customers.

  • You no longer have to rely on a few major funders, which will give you more flexibility.

  • You can increase greater public awareness of your project, business or brand identity by promoting your crowdfunding drive through social media.

What type of crowdfunding does Re-Give enable?

Our crowdfunding service is built from the ground up and optimised to be powerful, yet flexible. Our service enables you to utilise both General Giving and Structured Giving on fixed or flexible or event driven modes.

Through structured crowdfunding, you can offer and accept:

    greyTickThin25x26    Social Bonds - Secured | Unsecured (akin to loans)

    greyTickThin25x26    Equity | Shares (all stages)

Through general giving, you can make and receive:

    greyTickThin25x26    Donation, GrantsFinancial Contributions, Sponsorships, etc

Crowdfunding modes:

Fixed Ask

Also known as All-or-Nothing (AoN): this is where if the stated, target amount of money an Asker has set out to raise is not reached by the end date of the Ask, then they do not receive any of the money raised (in which case, all money committed by Givers to the Asker is sent back to each relevant Giver by us).

Closed Flexible Ask

Also known as Keep-it-All (KiA): this is where an Asker can keep whatever money they have raised by the end date of the Ask, irrespective of what the original target amount was. If the Asker subsequently has insufficient funds to meet their original objectives, then it is up to them to directly refund the relevant Givers.

Open Flexible Ask

Also known as Keep-as-you-Raise (KaR): this is where an Asker keeps whatever is raised on an on-going basis until they stop their campaign (either by the end date of the Ask or they don’t actually have a final end-date/deadline on the Ask and have a continuous campaign by continuously extending the end date). If the Asker subsequently has insufficient funds to meet their original objectives, then it is up to them to directly refund the relevant Givers

Event Driven Ask

A Giver can commit to either a fixed or flexible Ask but with the proviso that their money is released to the Asker only when a certain event related to the Ask or the Asker occurs (i.e. a particular milestone is reached, a certain activity has been carried out by the Asker, the Ask becomes fully funded, etc). 

If a Giver opts to do this (which they can do at the point of giving), our systems will hold their money in a separate virtual account and only transfer it to the relevant Askers Re-Give account when the event specified by the Giver occurs. To prevent the list of events becoming too long, we only have a certain number of events that are considered by both Askers and Givers as relevant – and we consider requests to add to this list.

Optional Social Action, Rewards and Gifts

Whatever you are crowdfunding for, you can, optionally, offer to carry out a specific, defined and verifiable social action chosen by you, in return for the crowds support. If you are acting for a third party, then it is between you and the third party to determine who will carry out the social action.

Although it is optional, the crowd may be more inclined to support you if you do offer to carry out a meaningful social action. The better, the more achievable and inspirational your social action is, and the more financial and socio-economic value it has, the more inspired the crowd may become to support you. See Social Action for more information.

You can also, optionally, offer rewards and gifts to potential Givers to attract their support. If you are acting for a third party, then it is between you and the third party to determine who will offer the rewards and gifts. See Rewards and Gifts for more information.

You can also combine social actions with rewards and gifts to make your Ask even more attractive to the crowd.


Go back to FAQs


Crowd Commerce[ Back to Top ]


The Free Global Online Marketplace

Crowd Commerce is next generation, multi-type online buying and selling for personal, non-profit, enterprise and corporate purposes, at both pre and post availability stages, on a fixed price (buy now), bid (forward auction) or reverse bid (reverse auction) basis. If you are selling something, you can do it as a one-off (selling one or more items) or you can have an extensive, fully developed online shop selling a range of goods and services on a global basis.

Subject to our rules, you can buy and sell anything and everything through our platform (either for yourself and/or for a third party), without paying us any fees or charges (this excludes taxes, which are your responsibility, and fees charged by others, e.g. delivery costs and card payment processor costs as these are, of course, beyond our control).

You might be new to online selling or a seasoned and well established major online retailer or brand with a presence on multiple platforms across the world: whoever or whatever you are, as we don't charge any transaction or listing fees, you can have a cost-free presence with us as well as on your own platform or on other platforms such as eBay or Amazon.

PayPal

We don't handle any financial transactions relating to our crowd commerce service, thus (at present) you must have a PayPal account to sell on our platform. This means that any money you receive for selling something goes directly to your PayPal account, not to us. If you don't have a PayPal account, you can open one here: PayPal Sign Up. You don't need a PayPal account to buy, click here for more info.

PayPal integration

We've made it easy for you to integrate PayPal in to your online selling process, and also to use PayPal to make payments for your purchases.

Payment and transaction disputes

All payment disputes are resolved by PayPal and all transaction disputes are resolved by the respective buyer and seller, not by us.

What type of crowd commerce does Re-Give enable?

Our crowd commerce service enables you to be flexible in the way you buy and sell products and services online as we cover most major types of eCommerce:

    greyTickThin25x26    Business-to-Consumer (B2C)

    greyTickThin25x26    Business-to-Business (B2B)

    greyTickThin25x26    Consumer-to-Business (C2B)

    greyTickThin25x26    Consumer-to-Consumer (C2C)

B2C  companies and organisations sell their products and services to consumers either on a fixed price, bid or reverse bid basis. Usually, B2C is open to everyone, so there is no need for anyone to log in to browse or buy. However, there may be instance where a log in may be introduced in general or for specific products or services on offer.

B2B  companies and organisations sell their products and services to other companies and organisations, often at wholesale volumes/quantities, either on a fixed price, bid or reverse bid basis. In most B2B environments, a log in is required as it will usually contain customer-specific pricing.

C2B  consumers sell their products and services to companies and organisations, which may have a particular need for them, either on a fixed price, bid or reverse bid basis. An example of this is when a photographer offers for sale stock images they created to companies looking for such images. An example of a reverse bid is when consumers name the price for a product or service they wish to buy from the provider.

C2C  consumers sell their products and services to other consumers either on a fixed price, bid or reverse bid basis. This may be a one-off sale of just one item or an extensive, fully developed online shop selling a range of goods and services.

An integrated and streamlined, end-to-end approach 

Imagine that you used our crowdfunding service to raise money to produce a product. You then used our crowdsourcing service to find the expertise and resources to help you to produce this product. You then used our crowd commerce service to buy the raw materials (either at retail or at wholesale prices) to produce your product. Then, when you were ready to sell your product, you started selling it through our crowd commerce service, directly to the global crowd.

By the time you reach the selling stage, you will have had a meaningful presence on our platform and a recognisable narrative of who you are, what you are doing and why - i.e. the crowd will know you and your product already, before you start selling it. All of this (along with any good social actions that you offer to carry out) will, ultimately, help to make selling your product easier.

Thus, from raising the money that you need, to finding the operational support and materials to produce your product to actually selling it: we enable you to integrate and streamline your approach to the crowd right from the start so that you have a better chance of success at every stage.

This integrated and streamlined, end-to-end approach means that you don't need to go all over the place to find what you need - as you can find and do most of what you need right here in one place, through our various services.

General crowd commerce

This is normal, day-to-day, online buying (shopping) and selling (retailing), either on a fixed price, bid or reverse bid basis.

Pre-Sale

Pre-Sale is when something is sold before its general availability. This can be as an exclusive or private sale to a select group of customers held before an advertised sale or as an open sale, targeted towards the general public. You can use our crowd commerce service to do either.

Pre-Pay

Pre-Pay is when something is paid-for before its general availability. This can be for various reasons, one of which may be because the product or service is yet to be produced or made available. This approach is often taken by individuals and organisations that do not yet have sufficient capital or demand to produce something which they think will sell, so they ask the crowd to pay for this 'something' in advance, typically in return for a reward. You can use our crowd commerce service to carry out Pre-Pay based sales for this and for other purposes as well.

Optional Social Action, Rewards and Gifts

Whatever goods and services you are selling to the crowd, you can, optionally, offer to carry out a specific, defined and verifiable social action chosen by you, in return for the crowds support. If you are acting for a third party, then it is between you and the third party to determine who will carry out the social action.

Although it is optional, the crowd may be more inclined to support and buy from you if you do offer to carry out a meaningful social action. The better, the more achievable and inspirational your social action is, and the more financial and socio-economic value it has, the more inspired the crowd may become to support and buy from you. See Social Action for more information.

You can also, optionally, offer rewards and gifts to potential Givers to attract their support. If you are acting for a third party, then it is between you and the third party to determine who will offer the rewards and gifts. See Rewards and Gifts for more information.

You can also combine social actions with rewards and gifts to make your Ask even more attractive to the crowd.


Go back to FAQs


General Giving[ Back to Top ]


General Giving is when something (e.g. money, resources, goods and services, shares in a company, etc) is freely and unconditionally given as a gift/donation (i.e. without expecting it back or anything else in return).

Non-financial general giving is under our Crowdsourcing services.

Financial general giving is under our Crowdfunding services, through which you can ask for and receive:

    greyTickThin25x26    Donations and Grants

    greyTickThin25x26    Financial Contributions

    greyTickThin25x26    Sponsorships

Donations and Grants

Charitable donations

Any non-profit organisation or charity that is properly registered within their country can seek charitable donations from the crowd (either for themselves and/or for a third party).

Any Asker can seek charitable donations on behalf of a registered non-profit organisation or charity, but we will release any money raised directly to the recipient non-profit organisation or charity after they are verified. The Asker does not need to go through the verification process themselves unless they wish to, although the crowd may be more inclined to support the Asker if they are verified.  

If the recipient non-profit organisation or charity already has an account with us and has passed verification, money will be released to them once the original Asker makes a request to us to do this. If they don't have an account with us, they will need to open an account and go through verification first before we can release any money to them. 

Grants

A grant maker can offer grants to any eligible person or organisation. If you are a grant maker, you can search for eligible recipients to match your grant making criteria and contact each prospective recipient directly to discuss the terms of your grant.

If you’re an Asker seeking grants (either for yourself and/or for a third party), you can stipulate this in your Ask.

Tax reliefs and deductions

If a donor or grant maker requires information from a registered non-profit organisation or charity they made a donation or grant to for tax relief and deductibility purposes, or vice versa (e.g. for GiftAid purposes) – the relevant parties provide this directly to each other.

Financial Contributions

Non-charitable donations

A financial contribution is a donation that is not made for charitable purposes. Therefore, it can be sought and given by any individual, business or organisation for any purpose, either for themselves and/or for a third party (the purpose must be lawful).

Sponsorships

Our Sponsorship channel enables Askers carrying out a sponsorship activity to raise money for any purpose and for any beneficiary, e.g. for an event, an individual, a business, an organisation – including registered non-profits and charities, etc.

An Asker raising money for third parties through sponsorship does not need to go through verification themselves unless they wish to, but any third parties the Asker is raising money for has to be verified before any money raised by the Asker for them can be released to them by us.

Once committed to by an Asker, it becomes legally binding on that Asker to carry out their stated sponsorship activity (i.e. they are obligated to carry it out), and the Givers who support the Asker monitor and verify whether the Asker has properly carried out their stated sponsorship activity (if they don't, the Asker may face legal or financial penalties). The Asker's commitment becomes effective as soon as the very first Giver makes a commitment to back an Ask published by the Asker (within which the Asker has detailed their sponsorship activity commitment). If the Asker is not subsequently able to carry out their sponsorship activity, then it is up to them to directly refund the relevant Givers.

Gifts, Benefactions, Endowments, Bequests, Legacies, etc

All financial gifts, benefactions, endowments, bequests, legacies, etc are either charitable (e.g. given to a registered non-profit organisation and are thus potentially tax efficient) or non-charitable (e.g. given to a for-profit company) and would be asked for and offered through the appropriate giving channels (i.e. charitable donations or financial contributions) as detailed above. All non-financial giving is under the appropriate crowdsourcing (i.e. resources) channel. 

Optional Social Action, Rewards and Gifts

Whatever you are seeking from the crowd, you can, optionally, offer to carry out a specific, defined and verifiable social action chosen by you, in return for the crowds support. If you are acting for a third party, then it is between you and the third party to determine who will carry out the social action.

Although it is optional, the crowd may be more inclined to support you if you do offer to carry out a meaningful social action. The better, the more achievable and inspirational your social action is, and the more financial and socio-economic value it has, the more inspired the crowd may become to support you. See Social Action for more information.

You can also, optionally, offer rewards and gifts to potential Givers to attract their support. If you are acting for a third party, then it is between you and the third party to determine who will offer the rewards and gifts. See Rewards and Gifts for more information.

You can also combine social actions with rewards and gifts to make your Ask even more attractive to the crowd.

Giving Anonymously

If a Giver wishes to do so, they can give any money or resources to an Asker anonymously. We do not publish the anonymous Giver's information anywhere on the platform unless we have prior consent from the Giver, however, we keep a record of the transaction for legal purposes.


Go back to FAQs


Structured Giving[ Back to Top ]


Structured Giving is general giving within an organised framework. On our platform, it applies to mutual, two-way giving, which is when something (e.g. money, resources, goods and services, shares in a company, etc) is freely and unconditionally given as a gift/donation (i.e. without expecting it back or anything else in return) by one party to another; and then the receiving party freely and unconditionally reciprocates by giving something as a gift/donation to the donor (again, without expecting it back or anything else in return).

This is how it works

  1. Askers from anywhere in the world seek something for a lawful purpose; which is freely and unconditionally given as a gift/donation by Givers from anywhere in the world.
  1. Then: as a gesture of gratitude to Givers for their support, Askers reciprocate by freely and unconditionally giving (or committing to give) something as a gift/donation either now or later to those Givers who support them now. This can be anything from money, resources, goods and services, shares in a company, etc.

You can give and reciprocate anything without any structural support from us. However, there are circumstances where you may need us to provide an organised framework for documentation purposes and to enable you to properly carry out your objectives. We provide two types of structured giving (click the links for more info):

    greyTickThin25x26    Social Bonds - Secured | Unsecured

A social bond pledge is freely, unconditionally and independently made by an Asker to a Giver as an unrestricted act of reciprocity, after an Asker receives a gift/donation of money first from a Giver. The Asker does this as an act of gratitude for the Givers prior support of the Asker. For documentation and operational purposes, the Asker’s social bond pledge is made within a structured process so that our systems can generate the relevant documents for both parties. As part of this process, we automatically, autonomously and independently ensure that the monetary amount the Asker undertakes to donate to the Giver later (through their social bond pledge) is not less than the monetary amount the Giver donates to the Asker now. To understand how a social bond pledge works in practice, see Does Re-Give do Interest-Free Loans or Peer-to-Peer Lending?


    greyTickThin25x26    Equity | Shares (all stages)

Our platform does not allow any equity investments to be promoted, offered or made. However, you can give and receive equity/shares in a properly constituted company as a gift/donation (other than to US persons). This is done within a structured process so that our systems can generate the relevant documents for both parties. To understand how this works in practical terms, see Does Re-Give do Equity Investments?


Non-legally binding

On our platform: pledges made by one party to another to give (as a gift/donation) money later (social bond) or equity/shares (i.e. activities based on structured giving) and all financial rewards and gifts are purely gratuitous, honour-based promises and are not legally binding contracts or agreements between the parties (i.e. any such pledges cannot be enforced in a court of law).

Voluntarily converting gratuitous, honour-based promises into legally binding ones

To make it easier to attract support from the crowd and to demonstrate seriousness of purpose, an Asker seeking financial support through structured giving and/or offering financial rewards and gifts can (after making the relevant pledges) voluntarily convert their non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms (some firms may provide this service for free, others may charge a fee). Givers may feel more confident, assured and safe in supporting an Asker who opts to voluntarily bind their pledges, whereas Askers who do not do this may find it harder to secure support from the crowd.

Documentation

When an Asker makes a gratuitous, honour-based social bond or equity pledge to a Giver, we automatically send a record of this pledge to both the Asker and the Giver (the ‘Ask’ itself contains records of any financial rewards/gifts). This record can then be used by a law firm to convert the (non-legally binding) pledge into a legally binding one. Givers can request a copy of any gratuitous pledges that have been converted into legally binding pledges directly from the Asker or they can contact us and we will put them in touch with the Asker or, if a member of our global network of independent law firms was used, the particular law firm that carried out the conversion work (from which they can request a copy). See Legally Binding Commitments for more information.


Go back to FAQs


Social Bond[ Back to Top ]


Social Bond

A social bond is simply a freely, unconditionally and independently made pledge by one party to make a gift/donation of money on a specific date to another party. 

Regulatory Clarification

Enforceability of commitments

A social bond pledge is a purely gratuitous, honour-based promise and is not an enforceable, legally binding contract/agreement (i.e. a social bond pledge cannot be enforced in a court of law). However, an Asker has the subsequent option to voluntarily convert their social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

What a social bond is not

The word 'bond' in the phrase 'social bond' as used in our platform is not meant in the financial (investment/securities) sense. Within our platform: a social bond is not a 'financial' bond, it is not a promise of repayment of a loan, it is not a debt instrument nor an acknowledgement of a debt nor is it any form of debt security – and it is not related to any form or type of lending/borrowing or investment activity by any of the parties involved.

The party making the social bond pledge (the Asker) does not want their donated money back from the party they donated to (the Giver) nor do they seek anything directly in return for this. The reason why they make the donation is social, rather than commercial (i.e they are interested in social and environmental returns, rather than financial ones).

The use and meaning of the word 'bond' in this platform

Although in some instances the word ‘bond’ has a financial (investment/securities) connotation, it also has other well-known, well-defined and well-understood social, sociological and legal meanings as well, such as ‘connection’, ‘promise’ and ‘join’ (http://dictionary.cambridge.org/dictionary/british/bond) and it is in these other non-financial contexts that the word ‘bond’ is used by us in this platform.

"My Word Is My Bond"

The old British maritime brokers' motto of “My Word Is My Bond” was used as a verbal promise and an assurance that whatever agreement was entered into would be honoured. The spirit and substance of this motto also applies in our use of the word ‘bond’ but where the verbal promise is replaced by a written one. 

Social Mutuality

The use of the word 'social' with the word 'bond': we recommend all Askers seeking something from the crowd (e.g. money, resources, etc) to carry out a specific, defined and verifiable Social Action chosen by the Asker, in return for the crowds support (if the Asker is acting for a third party, then it is between the Asker and the third party to determine who will carry out the social action).

An Askers pledge to donate/gift money to a Giver later and also to (optionally) do something by way of a social action to benefit society and the environment as well, is perfectly described by the phrase 'social bond': essentially because through these pledges, it connects and binds both the Asker and the Giver in a common, good and mutually beneficial social purpose - the betterment of society and the environment.


Social Capital + Social Investment

Social bonds help to build networks of connections between people and their values: enabling and encouraging mutually advantageous social co-operation, and makes available (green and social purpose) funds to achieve a combination of economic, environmental and social goals - locally, nationally and across the world. This is a unique combination of Social Capital and Social Investment in effective action.

Reciprocity based on gratitude

A social bond pledge is freely, unconditionally and independently made by an Asker to a Giver as an unrestricted act of reciprocity, after an Asker receives a gift/donation of money first from a Giver. The Asker does this as an act of gratitude for the Giver's prior support of the Asker. Both Givers and Askers are free to determine what to give to each other as a gift/donation (along with its value).

Documentation and monetary values

For documentation and operational purposes, the Asker’s social bond pledge is made within a structured process so that our systems can generate the relevant documents for both parties. As part of this process, we automatically, autonomously and independently ensure that the monetary amount the Asker undertakes to donate to the Giver later (through their social bond pledge) is not less than the monetary amount the Giver donates to the Asker now. 

Fulfilment of an Asker's social bond pledge

We keep track of an Asker's pledged donation payment date and the amount for record keeping and notification purposes. Although, all pledged payments should be made through our platform (i.e. via the Asker's Re-Give Account), it does not have to be and can be made outside of our platform through any lawful means. However, once the Asker makes their pledged donation payment and the relevant Giver confirms receipt – it is up to the Giver to physically indicate that they have received the payment by clicking the relevant indicator on their Account section on this platform. The same applies if the Asker does not make the pledged donation payment on the expected date. We will not automatically consider a social bond pledge as fulfilled or not – unless the relevant Giver notifies us of this.

To understand more about how a social bond pledge works in practice, see Does Re-Give do Interest-Free Loans or Peer-to-Peer Lending?


Restructured agreement

If an Asker requires additional time to enable them to properly fulfil their social bond pledge, they can contact the relevant Givers before the due date and request that their social bond agreement be restructured. This may include a change in the due date, a change in the amount offered, a part-payment now and balance deferred to another date, etc. A Giver can also contact an Asker to request a change in the agreement, such as a willingness to accept a lower amount, etc. All of this is negotiated and agreed between both parties, without our involvement. Once agreed, it is up to each party to make the pertinent facts known on the respective areas of our platform.

Risk Rating

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

We will soon be launching a process though which we will be able to give a risk rating to each social bond Ask. This will be based on a range of factors and will provide Givers with an idea of the risk level of a particular social bond Ask.

This would also be a very powerful tool for an Asker with very low risk ratings as they can use this to draw more support from the crowd. For Askers with higher risk profiles, a lower risk rating would be something to aim for and works towards (which can be achieved by fulling pledges on time, etc). 

What happens if an Asker does not fulfil their social bond pledge on time?

To understand what we do to help Givers seek redress from Askers, see:

Social Bond Risk Mitigation Measures

Breach of Terms and Legal Remedies

Risk and Due Diligence

Please see Risk Warning to fully understand the legal and financial risks involved and Risk and Due Diligence to see what we do in terms of mitigating risk and carrying out due diligence on Askers. 

If you are an Asker, please make sure you can meet your social bond pledge before making it

We caution you to only make a social bond pledge if you are absolutely certain that you can fully and completely meet properly and on time. Otherwise you might face various difficulties such as financial and legal consequences and a risk to your reputation on our platform (see Failboard), which may hinder your ability to secure support from the crowd in the future.

Secured (Guaranteed) Social Bond

If required: to assure Givers that the Asker intends to properly fulfil their social bond pledge, the Asker can provide Givers with appropriate collateral in support of their pledge, which can be forfeited to Givers if the Asker reneges on (or fails to properly fulfil) the pledge. An Asker can only do this after they have voluntarily converted the relevant social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. We will only consider a social bond pledge as secured if the collateral offered is easily realisable. This collateral is not loan security as there is no lending or borrowing involved. 

See: Optionally Secured/Guaranteed Pledges for more information about this.

Unsecured Social Bond

In many circumstances, an Asker may not wish to, or cannot, provide any collateral in support of their social bond pledge. This may be for a variety of reasons such as: they do not wish to voluntarily convert their social bond pledge into an enforceable, legally binding one, there is nothing easily realisable that can be provided as collateral, the amount pledged is not large enough to warrant collateral, the Asker has a clear track record of honouring their pledges, etc.

Although they are of higher risk in terms of the pledge not being legally binding, thus unenforceable or being fulfilled fully or in time: not all non-legally binding, unsecured social bonds are automatically high risk or suspect.

For instance: you may decide to make a donation to an Asker who is offering a high risk, non-legally binding, unsecured social bond pledge and who is a small rural farmer in a developing country because (1) the amount of money you are donating to this farmer is relatively small and thus you can afford to write-off this amount should the farmer be unable to fulfil their pledge fully on the agreed date and/or (2) the risk is worth it because of the social good your money is helping to engender by supporting this farmer.

Or, you may decide to make a donation to an Asker which is a very large organisation and which is offering a non-legally binding, unsecured social bond simply because of the scale of the social or environmental good they have committed to carry out and also because it is relatively low risk as there is very little probability of this Asker not fulfilling their pledge fully on the agreed date.

As a Giver, you may wish to consider all of these issues before making a decision regarding supporting an Ask related to an unsecured social bond.

How can I, as an Asker, make a social bond pledge when I don’t have any collateral?

You would accentuate the positives (your amazing social action proposal, etc) and be very clear and open about the negatives. Givers will usually see through any attempt to understate any risks, but may feel assured enough to support you if you tell them about all of the risks they may face if they support you. It will help significantly if you also detail how you will reduce and mitigate these risks. You can also, of course, voluntarily convert your social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. 

Remember, you can only exploit and take negative advantage of the crowds willingness to support you only once. Once you do – it will be very difficult for you to do so again. This is because once you renege on your commitments - there are several measures that can be taken by us and also by the crowd as well, that will prevent you from using our services fully and properly again. However...

If you fulfil all of your commitments on time and please the crowd - the world will be your oyster.

STAX (Social Bond Transfer and Exchange)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

Through our STAX (Social Bond Transfer and Exchange) service, you can try to find another person or organisation who you may be able to transfer your social bond pledge to (in return for payment or some other resources or services from them).


Go back to FAQs


Renewable Philanthropy[ Back to Top ]


The USP of Social Bonds

Some Askers will endeavour to raise money from the global crowd now (as a gift/donation) and pledge to give the same amount of money (as a gift/donation) later to those who support them now (i.e. they will offer a Social Bond). There are many benefits for Askers doing this, such as reaching their funding target quicker, raising larger amounts, etc.  

As a Giver, you may wish to consider financially supporting these social bond Asks because by doing so, you might get the opportunity to multiply the overall socio-economic impact of your money many times over, and above and beyond that which can be achieved through just general, non-structured giving.

Let your money do good, multiple times, over and over again

When you receive money pledged to you by an Asker you supported, you can give it again to the same or to another Asker, or spread-give it to a number of Askers - all under a social bond basis. You can repeat the process when you receive the money pledged by the Askers you just supported...and so on. 

In short, you can do good all over the world multiple times, over and over again, without giving any more than you originally did by accepting social bonds offered by those you support.

Is there a risk that that you will not receive money pledged by an Asker on the agreed date?

Yes there is, very few things are absolutely risk-free, but you can choose the risk level of those you wish to support, ranging from pledges that have been voluntarily converted into enforceable, legally binding ones by the Asker (without our involvement, either independently or through a member of our global network of independent law firms), legally bound pledges that have been fully secured (i.e. the Asker has provided easily realisable security/collateral or confirmed guarantees which has been verified by us through independent experts to back-up their social bond pledge) to high risk, non-legally binding/unenforceable, unsecured (e.g. when you accept such a social bond pledge, say from an Asker who is a rural farmer in a developing country, for a small amount of money which you can afford to write-off if the pledge is not fulfilled by this Asker).

A cascade of multiple, triple bottom line (TBL) impacts: profit, people and planet (economic, social and environmental)

Through a strategic and balanced use of social bonds, you will be able to:


    greyTickThin25x26    Support individuals, businesses and organisations throughout the world

            to change society for the better

    greyTickThin25x26    Benefit thousands of people by supporting multiple concurrent and consecutive

            social impact projects - locally, nationally and across the world

    greyTickThin25x26    Benefit the environment by supporting multiple clean‐tech and green projects

    greyTickThin25x26    Receive the same amount of money later, with which you can...

    greyTickThin25x26    Re-Give and do it all over again...and again….and again


Imagine if lots of Givers like you all over the world do this on a regular and sustained basis.

This is Renewable Philanthropy – On A Global Scale


Go back to FAQs


Equity | Shares[ Back to Top ]


Our platform does not allow any equity investments to be promoted, offered or made. However, you can give and receive equity/shares in a properly constituted company as a gift/donation (other than to US persons). This is done within a structured process so that our systems can generate the relevant documents for both parties. To understand how this works in practical terms, see Does Re-Give do Equity Investments?

Enforceability of commitments

The commitment by the Asker to make a free, unconditional and independent gift/donation of equity/shares to a Giver is a gratuitous, honour-based (non-legally binding) pledge. However, an Asker has the subsequent option to voluntarily convert their equity/shares pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

Issue or transfer of shares

We do not, as a platform, get involved in the process of issuing or transferring of shares from one party to another. If you are a Giver and wish to accept equity/shares in a company from an Asker as a gift/donation (and are not a US person), we will simply pass the relevant information to both you and the Asker to allow the gift/donation of shares by the Asker to you to be completed outside of our platform. Depending on applicable law, you may have to complete certain formalities and/or pay a nominal amount to the owner of the shares before you can receive shares (you would do this without our involvement and outside of our platform). You should take your own legal, financial, tax and other advice on this.

Fulfilment of an Asker's equity/shares pledge

We keep details of an Asker's equity/shares pledge to a Giver for record keeping and notification purposes and once the Asker fulfils their pledge to the Giver, it is then up to the Giver to confirm this by clicking the relevant indicator on their Account section on this platform. The same applies if the Asker does not fulfil their pledge. We will not automatically consider an equity/shares pledge as fulfilled or not – unless the relevant Giver notifies us of this.

Nominee services

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

Where appropriate, we may offer nominee services under a separate, properly regulated corporate entity.

This means that an Asker giving equity/shares as a gift/donation to a Giver, will issue or transfer the shares to the nominee entity, which will hold the shares for (and act on behalf of) the Giver to whom the actual gift/donation was made. This also means that an Asker would deal with a single entity relating to their gift/donation of equity/shares, rather than with many individual Givers (possibly hundreds for major Asks); which may be impractical or too time-consuming/expensive for the Asker. There may be a fee both Askers and Givers would need to pay the nominee service, this will be agreed between all parties on a case by case basis.

Tax schemes

In circumstances where shares are eligible for applicable tax schemes (such as SEIS/EIS in the UK), the Asker can state this on the respective areas of our platform and provide evidence for this – but we do not get involved in the process of how any such tax schemes are adhered to by either the Asker or the Giver.

We will not be deciding who is eligible or give any advice related to this. It is up to each Asker to determine that and to provide evidence of eligibility (on their Ask page) to the crowd, not to us. We will not check this or do anything related to this. We mention this on the site simply to inform Askers and Givers who are interested in this that they can get into this type of transaction through our site – but again, the actual issue or transfer of the shares and how the EIS, etc rules are adhered to is done offline by both parties without our involvement.

Independent Business | Project Plan Assessment

An Asker can pay to have their business or project plan independently assessed by our approved partners. This will provide Givers with an idea of the risk level and the also of the potential of a particular business or project. This is also a very powerful tool for an Asker with a very good assessment as they can use this to draw more support from the crowd. Askers with low assessments can work with the independent assessors to improve their plans, so it gives them a chance to be in a much stronger position before they publish their Ask and go to the global crowd for support. Details of our approved partners are here [link not active yet].

Risk and Due Diligence

Please see Risk Warning to fully understand the legal and financial risks involved and Risk and Due Diligence to see what we do in terms of mitigating risk and carrying out due diligence on Askers. 

If you are an Asker, please make sure you can meet your equity/shares pledge before making it

We caution you to only make an equity/shares pledge if you are absolutely certain that you can fully and completely meet properly and on time. Otherwise you might face various difficulties such as financial and legal consequences and a risk to your reputation on our platform (see Failboard), which may hinder your ability to secure support from the crowd in the future.


Types of Equity | Shares

Please note that the following information is provided in order for users to understand the meaning of certain types of equity/shares as referred to by other users on this platform. This information is not investment advice and should not be deemed as such and should not be relied upon as the basis for any financial decisions. We accept no liability for any losses or consequential loss incurred by any users acting upon this information.

Seed and Start-up Equity

Seed or start-up equity/shares are from very new, very early stage companies that either have not started to trade yet or are in the very early stages of their trading activity. Owners of these shares may offer them to attract financial or other support to enable them to start-up or to operate at the very early stages.

Growth Equity

Growth equity/shares are from companies that have started trading, are generating revenues (some also generate profits) and are on a growth trajectory. Owners of these shares may offer them to attract financial or other support to enable them to meet their growth objectives.

Mature Equity

Mature equity/shares are from established companies with fairly stable revenues, profits and operational practices. These companies are often competently managed and have reliable trading history. Owners of these shares may offer them to attract financial or other support to enable them to meet their operational objectives.


Go back to FAQs


Social Action[ Back to Top ]


social-actions

A social action is a specific act that results in a positive, beneficial outcome for society or the environment (or for both) at any level or scale – from local to worldwide.

There are no limits or restrictions as to what an Asker can do as a social action, except that it must be lawful. The social action can be something as small as someone picking-up litter every week in a neighbourhood or as big as a major global development programme by a multinational corporation benefiting millions of people in many countries or which reduces huge amounts of carbon dioxide.

"The Sky Is Not The Limit. Your Imagination Is"

If you are an Asker, our suggestion to you about social actions is that if you're going to be thinking about what social actions to carry out, you might as well think big and bold because the better, the more achievable and inspirational a social action is, and the more financial and socio-economic value it has, the more inspired the crowd may become to support you.

...but make sure your social actions are achievable

We caution you to only offer to do something as a social action which you can fully and completely carry out properly and on time (either yourself or through third parties, see SaTx | Social Action Transfer and Exchange). Otherwise you might face various difficulties such as financial and legal consequences (see below) and a risk to your reputation on our platform (see SAR | Social Action Register), which may hinder your ability to secure support from the crowd in the future.

Legally binding on the Asker

Once committed to by an Asker, it becomes legally binding on that Asker to carry out their stated social action - i.e. they are obligated to carry it out, otherwise the Asker may face legal or financial penalties (the Givers who support the Asker may monitor and verify whether the Asker has properly carried out their stated social action). The Asker's commitment becomes effective as soon as the very first Giver makes a commitment to back an Ask published by the Asker (within which the Asker has detailed their social action commitment).

Responsible party

If an Asker is acting for a third party, then it is between the Asker and the third party to determine who will carry out the social action. The Asker is the responsible party by default.

The option to carry out a social action

We recommend all Askers seeking something from the crowd (e.g. money, resources, etc) to carry out a specific, defined and verifiable social action chosen by the Asker, in return for the crowd's support. Although carrying out a social action is optional, the crowd may be more inclined to support the Asker if they do offer to carry out a social action. 

If an Asker is using our Sponsorship channel to raise money for a third party, then they can, if appropriate, opt to make their sponsorship activity as their social action.

Social actions of charities and non-profit organisations

Charities and non-profits usually have social actions already built-in to their DNA and day-to-day activities, so they don’t need to commit to any new social actions on top of their already built-in social actions unless they want to. If they don’t want to commit to any new social actions, they can just detail and accentuate their current/built-in social actions within their Ask page and user profile.

The three main types of social action

A social action can be of focused exclusively on the natural world (Environmental), or on people and society (Civil Society) or it can be a mix of both (Combined). 

Independent social actions

As an Asker, your Ask does not have to be about your social action, it can be totally independent of it. This means that your Ask can be for your own personal or business needs but your social action does not have to be related to that need. 

So, you can, for example, raise money from the crowd to complete your education (or to pay-off existing student loans), to buy a car for your personal use, to start or expand your business, etc. In return, you can offer to carry out a social action that may or may not be related to the reason for which you are raising the money.

For instance: if you are raising money to study or to pay off your student loans, you can offer free tuition to disadvantaged children in your local area as your social action. Or, if you are raising money to start or expand a business, you can do something totally unrelated to your business as your social action: perhaps you are an Accountant but will offer to paint your local school or community centre on a regular basis for the next two years, etc.

The effective financial value of social actions

An independent assessment and value measurement of a social action may give it a particular effective financial value (e.g. £10,000). This does not mean that the Asker's financial outlay in carrying out the social action is the same as its effective valuation (the outlay may be significantly lower or even higher), but it does give potential Givers an idea of the overall financial value of the social action they may wish to back.

If an Asker gets an independent valuation of their social action, they can state this in whatever way they deem appropriate on their Ask page, along with providing the evidence of the valuation. 

A social action is how an Asker can stand-out and attract the support of the crowd

Askers raise money for personal, non-profit, enterprise and corporate purposes and Givers consider many factors before they decide to support an Ask. However, one primary way an Asker can stand-out and attract support is by committing to carry out a great social action.

A social action is also how Askers that offer nothing extra (e.g. a reward, equity/shares on a mutual basis, etc) to potential Givers can attract support. For example: if you are a Giver and an Asker is seeking money, say for a personal reason such as buying a car, why would you consider giving money to the Asker for them to spend it on themselves unless they commit to doing something (as a social action) that you find really interesting?

As an Asker, if you are seeking money from the crowd and don't have much to offer to potential Givers, what can you offer to the crowd to attract those who will give you money other than committing to do something (as a social action) that your potential Givers will really like? It may be that the social action that you want to do is something you like doing anyway (e.g. if you like and are good at swimming, then teaching swimming to disadvantaged children, etc).

Benefiting society and the environment to benefit one's self

If you are not, ordinarily, a socially or environmentally minded person or organisation, the fact that you can get support from the global crowd if you do a good social action (whether you like doing it or not) means that you will endeavour to do a really great social action to attract the support that you need. For you, the social action that you committed to is a means to an end, a tool of self-interest but to the beneficiaries of your social action and to those Givers who support you, your motivation doesn't matter - they care more about the outcome of your social action, not why you are doing it.

Combining social actions with rewards and gifts

Along with social actions, Askers can also, optionally, offer rewards and gifts to potential Givers to attract their support. Again, once committed to by an Asker, it becomes legally binding on that Asker to deliver the rewards and gifts they offered - i.e. they are obligated to do so, otherwise they may face legal or financial penalties. Financial rewards and gifts are excluded from this (i.e. they are not legally binding), but you can subsequently, voluntarily make such pledges legally binding/enforceable without our involvement, either independently or by using a member of our global network of independent law firms. As with social actions, the Asker's commitment becomes effective as soon as the very first Giver makes a commitment to back an Ask published by the Asker (within which the Asker has detailed their offers of rewards and gifts). See Rewards and Gifts for more information.

Social action inspirations

Need inspiration or ideas regarding what social action to offer? Here's a list of the Top 10 Social Actions [link coming shortly] as voted by the world’s public.

Social Action Guarantee (SAG)

If required: to assure Givers that the Asker intends to properly fulfil their social action, the Asker can provide Givers with appropriate guarantees in support of their pledge (verified and confirmed by us), which can be called-upon by Givers if the Asker reneges on (or fails to properly fulfil) their social action. We will only consider a social action pledge as guaranteed if the guarantee offered can be easily called-upon.  

See: Optionally Secured/Guaranteed Pledges for more information about this.

A Little Money Goes A Long Way

Why should I, as a Giver, support an Asker with money for the Askers own personal or business purposes?

When looking at an Ask, as a potential Giver, you would consider many factors before deciding whether to support an Asker or not, and one of these is the Asker's proposed social action. This is because by funding a great social action, you enable the Asker to do potentially much more good than you might be able to do yourself with your own money.

For example: suppose you donate £100 to an Asker for a purely personal Ask, simply because you like the Asker's proposed social action. You consider the actual purpose for which the Asker is raising the money for as irrelevant - its the social action that matters to you.

You ordinarily cannot do a huge amount of good with £100, but suppose there are 1,000 other Givers doing the same thing as you (i.e. giving the Asker £100 each): now, the Asker gets £100,000 and as their social action, the Asker commits to doing £5,000 worth of social/environmental good every year for the next 3 years.

Thus, the total effective financial value of this particular social action (£15,000 over 3 years) is exponentially greater than your individual committed capacity of £100 (the same goes for each of the other Givers). In effect, by supporting the Asker (as a group), you have amplified your own respective, individual social impact by nearly 15,000%

This is the power of the crowd

Technical Considerations

Free to choose

As an Asker, you can choose what social action you wish to carry out and where, or state how the normal course of your activity consists of verifiable social actions and you detail your proposed social action in the relevant section of your Ask (if you have more than one Ask, you can offer a separate social action for each of your Asks, or the same social action for all of them).

As a potential Giver, you will need to be persuaded by the Asker, through the details they provide on their Ask page, that the social action they are committing to carry out is worthy enough for you to support them financially (there are, of course, other factors you will need to consider as well).

Monitoring the performance of social actions

As an Asker, if you offer to carry out a social action, you will (on your Ask page) provide details of how and when your social action will be completed and how it can be independently verified – and the onus to provide evidence of the full completion of a social action will be on you.

We do not undertake the task of verifying social actions. As a Giver, if you have supported an Ask based on its social action, it is your responsibility (and also that of all of the other Givers who have also supported the same Ask) to monitor and verify the social actions of the Asker you have supported. If you are not satisfied that the proposed social action has been carried out fully or properly, you can contact the relevant Asker directly to discuss the matter with them. It is also up to you to let us know if the social action pledge has been fulfilled or not by clicking the relevant indicator on your Account section on this platform. We will not automatically consider a social action pledge as fulfilled or not – unless you notify us of this.

Every Ask will have a Giver Group – and as a member of a group, you can choose from amongst all of the members of the group, a specific Giver who can volunteer to act as the ‘Social Action Monitor’ (SAM) for the group (i.e. on behalf of all other members of the group). If there is more than one volunteer for this role, all of the group's members can vote to select the best person for the role. The SAM can, if they wish, form a smaller group of volunteer Givers to help with the monitoring and verification (and can also take on the responsibility of notifying us of the fulfilment or not of the social action).

Example: social action verification

Here is an example of how a social action can be verified: if you are an Asker and you commit to, say, painting the local school (as your social action), then on your Ask page, you can state that this social action will be completed within a specific time period (e.g. 1 month) after you raise all the money you are hoping to raise and that once completed, you will upload before and after photos and also a letter of confirmation (that the social action/painting of the school has been carried out) from the school in question as your evidence that you have carried out your social action.

You can also state that this can be independently verified by the school itself and that your Givers can contact the school to seek independent verification of the completion of this social action after a particular date.

It will then be up to the Givers who supported this Asker to contact the school should they wish to carry out this verification. This can be done effectively by the SAM of the Giver Group on behalf of all of the other Givers.

Disputes

It is not our responsibility to verify social actions. If there is a dispute between Askers and Givers, we will put them in touch with each other so that the dispute can be resolved amicably.

Monitoring by independent third parties

Again, although it is not our responsibility to verify social actions, we may appoint third parties to carry out monitoring and verification of social actions on a specific or random basis.

What happens if an Asker does not carry out their stated Social Action?

An Asker is legally bound to fully carry out and complete their stated social action within their stated scope, time-scale and parameters. If they don’t fully and completely fulfil their commitments, then we can – on behalf of the majority of those who supported the Asker (based on an internal Giver's poll) - seek legal remedies to ensure that the social action is carried out to the full extent by the Asker.

In such a situation, the Asker will be financially liable for all related costs. In the example given above, the Asker will be liable for the costs of having the school painted fully and properly by a third party and may also be liable for the legal costs involved in getting the relevant court to order such an action. The Givers may also be entitled to additional financial compensation.

Moreover, on all of the affected Askers live Ask pages and user profile – we will include a prominent ‘Non-Performing’ note indicating that the Asker has reneged on their social action commitments. The Asker's non-performance can also be made clear in their reviews and ratings.

The consequence of all of this is that the Asker may find it extremely difficult to find new supporters for their Asks and could lose a huge amount of credibility with the wider public and with their current and potential employers, partners, associates or clients/customers.

In essence, for an Asker, the financial and credibility cost of not carrying out a social action could be orders of magnitude greater than actually carrying it out.

What happens if an Asker does not care about legal actions or losing their credibility?

See Non-performance for more information.

Rationale

All of this may seem rather draconian but we have an obligation to protect Givers from being inveigled by disingenuous Askers who commit to social actions that they never intend to carry out or properly fulfil. Also, we want to ensure that genuinely sincere Askers only commit to realistic and achievable social actions – not those that seem amazing but are, in reality, difficult to fulfil.

Disclaimer

We do not undertake to carry out any social actions ourselves and are not (and cannot be held) legally responsible for the carrying out (or failure to do so) of any social actions committed to by any Askers. It is the legal responsibility of each Asker to ensure that they carry out their stated social actions to the satisfaction of the Givers who support them.

SAR (Social Action Register)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future. 

Our SAR (Social Action Register) service allows us to internally track all stated social actions by all Askers along with their socio-economic value, real-life impact, etc – and to allow Askers the option to allow historical data about their social actions to be made public on our site, allow prospective employers/partners/clients to verify Askers claim that they carried out a specific social action, etc (great social actions will look great on resumes, business & personal profiles, etc – but they will be even better when verified by us).

Both Askers and Givers can allow access to specific interested parties or make their social action data public. They can also join the social action Leaderboard [link not live yet]: a top 10 list compiled under various metrics through which participating Askers can showcase the social actions they've carried out (and Givers can showcase those they backed/supported). This list will be published in other media as well – thus enhancing and amplifying the positive PR for participating Askers and Givers.

If the need arises, we may also publish a social action Failboard [link not live yet]. This would be a list of Askers who did not complete their social action commitments (the metric would be based on the number of Givers each Asker had support from). This list may be published in other media as well – thus causing significant negative PR for the relevant Askers.

Please note that we fully respect everyone’s privacy and thus we do not sell or allow anyone access to any data or information we hold about anyone on our systems nor do we publish any such information anywhere without the prior consent of the person or organisation who’s data or information we are dealing with (see Privacy for more information). However, in the case of the social action Failboard, we reserve the right to publicly name Askers who do not fulfil what they said they would and provide details of their non-performance and other relevant details, without their prior consent or advance notification.

SaTx (Social Action Transfer and Exchange)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future.

Through our SaTx (Social Action Transfer and Exchange) service, if you offer a social action which you cannot carry out yourself, you can invite others to do this for you either on a paid, unpaid or on some form of quid-pro-quo basis. You can place your requirements and terms on the SaTx section of our platform and those wishing to carry out your social action for you can get in touch with you. You can negotiate and agree terms, prices, payments, etc and once the work is completed by your 'SaTx Contractor', they can certify that your social action has been carried out.

Thus, through SaTx, businesses and people with specific skills and expertise can use their abilities to earn money; and for Givers who have money (or something of value) but neither the time nor the expertise to carry out their offered social action, to ensure that their social action is fully carried out. SaTx benefits all parties involved: Givers (who see the Asker they backed fulfilling their social actions), Askers (who fulfil their obligations to Givers) and SaTx Contractors (who get paid in some form or another for providing their services and utilising their abilities). Over time, we believe SaTx can help to create a lot of employment and small businesses across the world.

The potential combinations and possibilities are endless.....


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Risk and Due Diligence[ Back to Top ]


Due Diligence: Minimising Fraud and Misuse

Is giving or raising money through Re-Give safe?

It is as safe as we can possibly and reasonably make it, but we cannot give an absolute assurance or guarantee that it is. Very few activities are completely, 100% safe but risks can be generally and often significantly mitigated and reduced.

The financial safety of our users and the overall integrity of our platform is of paramount importance to us. We take fraud, money laundering, terrorist financing, etc extremely seriously and thus have implemented various robust online and offline KYC (Know Your Customer), AML (Anti-money Laundering), CFT (Combatting the Financing of Terrorism) and Anti-Fraud measures to minimise fraudulent or disingenuous activity. Some of these are:

Identity and Authority Verification

Physical, real-time, face-to-face identity and authority verification

As part of our due diligence process, we ensure that the identification and authority of every individual person, company and organisation successfully raising money through our platform for the very first time (either for themselves or by others for them) is independently and physically verified, in real-time and face-to-face, by a member of our global network of independent verifier law firms (there may be a third party fee associated with this). No money is released until verification is fully completed.

Exceptions

Anyone can raise money for a third party without the need to go through the verification process themselves (unless they wish to), as long as the actual intended recipient of the money is verified before any money is released to them by us. If the intended recipient is already registered with us and has passed verification, any money raised for them will go directly to them after a request is made to this effect by the original Asker. If they haven't registered with us, they will need to do so and go through verification before we can release any money to them.

Verification process

We have a network of independent law firms who are verified and validated by us and which together cover most parts of the world. Law firms in countries where the governmental regulation and supervision of law firms and individual lawyers may not be as robust as it may be in the UK, US and other similar countries are selected by us on the basis of their recognition by Chambers Global as being amongst the most respected in their country. In most cases, Askers choose which firm to be verified by, however in some instances, the choice is limited to perhaps just one or two firms in the entire country.

Click to see the Identity and Authority Verification Process instructions for Askers

Click to see the Identity and Authority Verification Process instructions for Law Firms (verifiers)

During the identity and authority verification process, pertinent details of each Asker (and if relevant, their formal authority to act on behalf of a company or an organisation; if a registered charity, their registration number, etc) is checked to the fullest extent necessary and only after all details have been examined and substantiated to the satisfaction of the law firm carrying out the checks will that firm confirm to us that the Asker has been verified. After this point, we can release any money to the verified Asker. We will send the Asker instructions regarding the verification process, what to bring with them to show the verifying law firm, etc.

If an Asker fails (or intentionally does not go through) identity and authority verification, all the money they have raised is returned to the corresponding Givers. If verification is successful, this will be made prominent on our platform so that the Asker can inform potential Givers that they have been verified. Givers will not ordinarily have to verify their identity unless they are required by law (this can be done through an online system quickly and easily).

Enhanced Due Diligence (EDD)

If an Asker cannot be fully verified by the law firm for any reason, the Asker will have the voluntary option to undergo Enhanced Due Diligence (EDD), which involves detailed background checking by a specialist firm. An Asker may opt to go though this process (particularly if they are raising large sums of money from the crowd) to demonstrate their probity to the crowd. 

Verification fees

The law firm (and the specialist EDD firm) carrying out the checks will ordinarily charge the Asker a fee for their verification services (the amount charged will depend on where they are based and the level of services they offer). It is up to the Asker to contact the firm they wish to use to find out what the fees are. We don't get any of this fee or receive a 'kickback' or commission from the firms for this.

QUICK START: pre-verification activity

An Asker might not wish to undergo verification until sufficient sums are committed to them by Givers or they are raising money for a third party. This is why Askers are required to undergo verification only if they are raising money for themselves (or money is being raised for them) and only after the very first monetary commitment from a Giver is confirmed by us, not before – i.e. the Asker is free to actively raise money through our platform before they are verified but any money raised will only be released to the Asker (or to their intended recipient) after they are (or the intended recipient is) fully verified. While an Asker remains unverified, potential Givers are informed that verification is pending (or is not required) and that any money they have committed to the Asker is not at risk.  

One-time process

While we reserve the right to ask for additional verification information about any of our users (whether Askers or Givers) at any time, including information which goes beyond the information requested by our verifier law firms, we do not expect to have to repeat verification unless we become aware that there has been a significant change in the circumstances of an Asker or more than three years have elapsed since the Asker was last verified.

Safety and Segregation of Users Money

Client bank accounts

We hold all money given by Givers to Askers in a separate Barclays UK client bank account for a minimum of 14-days from the day the money comes in to our client bank account (to allow Givers time to change their minds, to resolve fund transfer issues, etc.) and up to a maximum of 60 days (from the start of very first 14 day cooling-off period) to allow Askers in remote locations to get verified. If an Asker is not verified by end of day 60, then all money is returned to the corresponding Givers.

Accrued interest in our client bank account

All interest accrued during the 14-day period is donated by us at year end to a charity voted for by our users. What happens to the interest accrued during the 60-day period is up to the corresponding Givers – they can either opt to donate this to a charity of their choice or to receive it themselves.

Controlled, manual withdrawal

Once verified and after the 14-day cooling-off period for each incoming payment to an Asker from a Giver, an Asker can withdraw a particular sum of money by making a formal withdrawal request to us through the platform. Once checked and cleared, we make an electronic payment to the Asker’s verified bank account. We do this manually, no money is ever sent out by us automatically, and Askers cannot carry out a withdrawal directly themselves.

Event driven Ask funding

A Giver can commit to either a Fixed or Flexible Ask but with the proviso that their money is released to the Asker by us only when a certain event related to the Ask or the Asker occurs (i.e. a particular milestone is reached or a certain activity has been carried out by the Asker, the Ask becomes fully funded, etc).

If a Giver opts to do this (which they can do at the point of giving), our systems will hold their money in a separate virtual account and only transfer it to the relevant Askers Re-Give account when the event specified by the Giver occurs. To prevent the list of events becoming too long, we only have a certain number of events that are consider by both Askers and Givers as relevant – and we consider requests to add to this list.

Money raised for a third party

All money raised by an Asker on behalf of a third party will be held by our systems in a separate virtual account and we will only transfer money from this virtual account to the intended recipient's Re-Give Account (after they have been verified) when the original Asker makes a request for us to do this by choosing the relevant option on their own Re-Give Account page. The Asker will not have access to or any control over this virtual account.

Ringfenced protection

We are ringfenced so even if something were to happen to us, all money belonging to those who use our services will remain safeguarded and protected in the separate client bank account – and thus can be quickly and easily returned back to their source.

Enforceability of Commitments

Legally Binding Terms and Conditions

We believe that when an Asker is seeking money or resources from the crowd and makes commitments, promises, pledges, etc to carry out or do something in order to attract the support of the crowd, then it’s only fair and reasonable for that Asker to carry out what they promise. When Askers fulfil their promises, they build-up a tremendous amount of good will for the future, which will serve them well when they again need to seek money or resources from the crowd. It also gives Givers the confidence and the reassurance to back an Asker.

However, we cannot always rely on the inherent integrity of an Asker to fulfil their promises, as some, unfortunately, do try to take advantage of the good nature of some Givers by making promises which they know from the outset that they will not fufil even if they are easily able to do so. It is for this reason that our Terms and Conditions are legally binding on all Askers (and also for all of our other users as well). To clarify: with the exception stated below, all pledges and commitments made on our platform (such as social actions, non-financial rewards/gifts, etc) are legally binding agreements, enforceable by us or by any independent third party (which may or may not be an affected Giver) in a court anywhere in the world.

Exceptions

On our platform: pledges made by one party to another to give (as a gift/donation) money later (social bond) or equity/shares (i.e. activities based on our Structured Giving process) and all financial rewards and gifts are purely gratuitous, honour-based promises and are not legally binding contracts or agreements between the parties (i.e. any such pledges cannot be enforced in a court of law).

Voluntarily converting gratuitous, honour-based promises into legally binding ones

To make it easier to attract support from the crowd and to demonstrate seriousness of purpose, an Asker seeking financial support through structured giving and/or offering financial rewards and gifts can (after making the relevant pledges) voluntarily convert their non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms (some firms may provide this service for free, others may charge a fee). Givers may feel more confident, assured and safe in supporting an Asker who opts to voluntarily bind their pledges, whereas Askers who do not do this may find it harder to secure support from the crowd.

Documentation

When an Asker makes a gratuitous, honour-based social bond or equity pledge to a Giver, we automatically send a record of this pledge to both the Asker and the Giver (the ‘Ask’ itself contains records of any financial rewards/gifts). This record can then be used by a law firm to convert the (non-legally binding) pledge into a legally binding one. Givers can request a copy of any gratuitous pledges that have been converted into legally binding pledges directly from the Asker or they can contact us and we will put them in touch with the Asker or, if a member of our global network of independent law firms was used, the particular law firm that carried out the conversion work (from which they can request a copy).

LBR (Legally Binding Commitment Register)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future.

Askers who voluntarily convert their non-legally binding pledges and commitments into legally binding ones through a member of our global network of independent law firms will be automatically included in the LBR (Legally Binding Commitment Register) – which is our public register of all Askers who have voluntarily opted to have their pledges legally bound and made enforceable through law firms approved by us. Askers who are on the LBR can state this on their profile and Ask pages and Givers can check the LBR to help them make a more informed decision before supporting a particular Asker. See Legally Binding Commitments for more information.

Asker monitoring

We do not, ordinarily, monitor the off-line activity of Askers (i.e. whether they are fulfilling their commitments, social actions, etc). Instead, it is up to the individual Givers of each Asker to do this. Each Asker automatically has a Giver Group, members of which choose how to monitor the Asker. It is up to the Asker to provide the necessary information and means through which their Giver group can monitor and verify their activities. We will assist as much as reasonably possible in doing this. 

Optionally Secured/Guaranteed Pledges

An Asker has the option to provide guarantees and/or security/collateral to ensure their fulfilment of specific pledges and undertakings that they make to potential Givers, thus giving a considerable degree of confidence and assurance to Givers that these undertakings will be carried out fully and properly (because if they are not, Givers can seek appropriate restitution from the Asker by calling on the guarantee or security/collateral).

Guarantees and/or security/collateral can only be applied to pledges that are already legally bound and enforceable. With the exception of pledges relating to social bonds, equity/shares and financial rewards and gifts (which are honour-based promises and are not legally binding contracts or agreements), all other pledges and commitments made on our platform are, as per our Terns and Conditions, legally binding and are enforceable worldwide.

This means that pledges relating to social bonds, equity/shares and financial rewards and gifts cannot be guaranteed or secured unless the Asker first voluntarily converts the relevant non-bonding pledge into a legally binding one (without our involvement, either independently or by using a member of our global network of independent law firms). If an Asker does this, then not only will they make their relevant pledge independently legally binding, but also independently secured or guaranteed as well – thus providing Givers with an enhanced assurance.

A specialist law firm (from our global network of verifier law firms) will be appointed by us to verify and confirm the guarantee and security/collateral and to carry out the requisite legal work, in accordance with the local law of where the guarantee is from and/or the security/collateral is legally held, to ensure that the guarantee can be called-upon and/or the security/collateral realised by us or by our agent if required. If the guarantee cannot be fully verified and confirmed or easily called upon; and/or the security/collateral cannot be fully verified and confirmed or is not easy realisable - it will be rejected by us.

Identity and authority verification is automatically included within the collateral verification process, so an Asker does not have to do this separately.

Separate consolidated charge holding entity

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

Askers have the option to provide guarantees and security/collateral directly to specific Givers. However, where an Asker provides this on a general basis: confirmed and verified guarantees and security/collateral will be held by us on behalf of Givers under a separate non-profit corporate entity.

This means that an Asker providing such guarantees and security/collateral will just have a single guarantee agreement or charge on their assets relating to their secured pledge, rather than many (possibly hundreds for major Asks); which may be impractical for the Asker to manage.

Collateral verification fees

Askers offering guarantees and/or security/collateral may need to pay a fee (which may be quite substantial) directly to the law firm appointed by us to verify and confirm the guarantee and security/collateral verification and to carry out the requisite legal work (this would also include costs relating to holding guarantees and charges by the separate entity). We will inform the Asker as to what the fees may be in advance of appointing a firm; if the Asker wishes to proceed – the firm may require full or part payment in advance from the Asker.

Click to see a list of our global network of verifier law firms (link not active yet). Please note that this network is currently in the process of being fully developed.

Breach of Terms and Legal Remedies

If any of our users are in breach of our Terms and Conditions, we may take action to protect our own position and we will put the relevant users in touch with each other so that they can resolve any dispute between each other amicably. Givers can request a copy of any gratuitous pledges that have been converted into legally binding pledges directly from the Asker or they can contact us and we will put them in touch with the Asker or, if a member of our global network of independent law firms was used, the particular law firm that carried out the conversion work (from which they can request a copy). We will not be involved or assist in any dispute between users except to this extent.  

All financial transactions are between the parties involved and we are not party to any contracts arising from them. Enforcement is the responsibility of users.

Non-performance

What happens if an Asker deliberately reneges on their pledges, obligations or commitments?

One-time opportunity

An Asker can only exploit and take negative advantage of your (and the crowds) willingness to support them only once. Once they do – it will be very difficult for them to do so again. This is because once an Asker reneges on their commitments – there are several measures that can be taken by us and also by the crowd as well, that will prevent an Asker from using our services fully and properly again.

Non-performance notice

As soon as a Giver formally notifies us that an Asker they have an agreement with has reneged on a commitment (e.g. a social action, social bond pledge, delivery of rewards, etc) and we are able to confirm this, then unless the Asker comes to a new restructured agreement with the Giver or properly fulfils their reneged commitment within 14 days past the notification date, we may temporarily or indefinitely mark all or some of the Askers live Asks and/or their user profile on their Re-Give Account as ‘Non-Performing’ (i.e. the Asker has not fulfilled what they said they would).

If this happens, the only way a ‘Non-Performing’ mark on an Asker's live Asks and/or their user profile on their Re-Give Account can be removed is if (1) they actually fulfil the commitments they reneged on, or (2) the affected Givers (to whom the relevant commitments were made) agree to the ‘Non-Performing’ mark being removed even if the Asker does not fulfil their commitments, perhaps because the Asker cannot do this for genuine reasons, or they have come to a restructured agreement with the Asker, or (3) due to exceptional reasons, we believe that the removal of the ‘Non-Performing’ mark is appropriate.

We will only do this on a case-by-case basis as we don’t want to penalise honest mistakes and only when appropriate – e.g. when Askers make a habit of reneging on their commitments. Our monitoring algorithms will alert us to possible cases where a ‘Non-Performing’ mark is probably appropriate. We will then contact the relevant Asker to determine what their intention is regarding their commitments. We will also contact the affected Givers. We will then act accordingly based on the information we receive from both the Asker and the Givers.

In exceptional circumstances, an Asker may be partially or fully suspended, we will consider these on a case-by-case basis as well and be guided on our actions relating to suspensions and reinstatements by the affected Givers and Askers and by our own internal assessments.

Negative ratings and reviews

An Askers non-performance can be made clear in their Reviews and Ratings.

Failboard

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future.

If the need arises, we may publish a list of Askers who fail to keep their pledges and commitments (whether legally binding or not) on various categorised lists called a Failboard. This would be lists (compiled under various metrics) of Askers who did not complete their pledges and commitments. This list may be published in other media as well – thus causing significant negative PR for the relevant Askers.

Please note that we fully respect everyone’s privacy and thus we do not sell or allow anyone access to any data or information we hold about anyone on our systems nor do we publish any such information anywhere without the prior consent of the person or organisation who’s data or information we are dealing with (see Privacy for more information). However, in the case of the Failboard, we reserve the right to publicly name Askers who do not fulfil what they said they would and provide details of their non-performance and other relevant details, without their prior consent or advance notification.

Difficulty in attracting new support

The above measures mean that an Asker that reneged will find it extremely difficult to attract any new Givers to support them, and any Givers who do support such an Asker will do so knowingly that the Asker has a history of not fulfilling their pledges, obligations or commitments.

Suspensions

If an Askers live Asks or their Re-Give Account is partially or fully suspended (there are various situations under which this can happen, e.g. non-fulfilment of a social bond pledge), the Asker will not be able to use our platform again to raise money or resources from the crowd unless (1) they actually fulfil the commitments they made, or (2) the affected Givers (to whom the relevant commitments were made) agree to the reinstatement even if the Asker does not fulfil their commitments, perhaps because the Asker cannot do this for genuine reasons, or they have come to a restructured agreement with the Asker, or (3) due to exceptional reasons, we believe that reinstatement is appropriate.

Risk Assessment

Please note that at present, some of the services mentioned below are not active yet. Some are still in development and are outlined here for illustrative purposes only. We intend to offer these services in the future. When fully operational, some of these services will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide the relevant service.

Individual risk and due diligence information

Each Ask page on our platform has the relevant risk and due diligence information associated with both the Asker and the Ask itself, thus allowing you to make an informed decision before committing to an Ask. However, please bear in mind that the risk and due diligence information we provide is only a guide and is not guaranteed by us in any way.

Asker ratings and reviews

An Askers activity and historical performance can be reviewed and rated by actual Givers who support the Asker. There will, of course, be a certain amount of moderation involved as we don’t want an Asker to be unfairly rated, however in general – this will give you and other potential Givers an idea of whether the Asker can be relied upon to fulfil their pledges, obligations and commitments.

Voluntarily converting gratuitous, honour-based promises into legally binding ones

To make it easier to attract support from the crowd and to demonstrate seriousness of purpose, an Asker seeking financial support through structured giving and/or offering financial rewards and gifts can (after making the relevant pledges) voluntarily convert their non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms (some firms may provide this service for free, others may charge a fee). Givers may feel more confident, assured and safe in supporting an Asker who opts to voluntarily bind their pledges, whereas Askers who do not do this may find it harder to secure support from the crowd.

Optionally secured/guaranteed pledges

Askers have the option to provide guarantees and/or security/collateral to ensure their fulfilment of specific pledges and undertakings that they make to potential Givers, thus making these undertakings not just legally binding (voluntary in the case of pledges relating to social bonds, equity/shares and financial rewards and gifts), but also independently secured or guaranteed as well (see Optionally Secured/Guaranteed Pledges for more details).

SAR (Social Action Register), LBR (Legally Binding Commitment Register), Leaderboards and Failboards

An Askers activity and historical performance will also be tracked by us (some, such as the SAR, LBR and Leaderboards, will be opted-into by users - whilst others, such as the Failboards, will be automatic) and can be reviewed by Givers to help them make a more informed decision before supporting a particular Asker. Again, there will, of course, be a certain amount of moderation involved as we don’t want an Asker to be listed in a board or register which they don't belong to, however in general – this will give you and other potential Givers an idea of whether the Asker can be relied upon to fulfil their pledges, obligations and commitments.

Risk Rating (Social Bond)

There will also be our internal Risk Rating service for social bonds which Givers can also refer to. See Risk Rating for more information.

Reserve Fund

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

We will soon be launching a reserve fund for selected Askers to become members of. Member Askers will pay a certain percentage (e.g 10%) of what they raise from the crowd into the fund as a contribution, which will meet the financial costs of any pledges which a member has made but is unable to meet themselves for genuine reasons. A Giver who accepts a pledge from a member Asker can have a degree of confidence that the pledge they have accepted will be met either by the Asker or by the reserve fund.

The reserve fund will be run by members for members with us acting only as the custodian of the fund. Individual payout and membership acceptance decisions will be made by members and any member who leaves the scheme can take back their contribution. 

Universal Insurance

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

We will soon be launching a universal insurance scheme for selected Askers to become members of. Insurance will be provided by an external firm and member Askers will pay the requisite premiums. The insurance will meet the financial costs of any pledges which a member has made but is unable to meet themselves for genuine reasons. A Giver who accepts a pledge from a member Asker can have a degree of confidence that the pledge they have accepted will be met either by the Asker or by the insurance. 

The insurance scheme will be run by members for members with us acting only as a non-participating intermediary between the members and the insurance company. Individual payout and membership acceptance decisions will be made by the insurance company.

Strengths and Weaknesses

The ratings, reviews, various registers and boards, the reserve fund, universal insurance, optional binding of gratuitous pledges and optional security/guarantees are all powerful systems and tools for an Asker because when prospective Givers see that this Asker has fulfilled all of their pledges, obligations and commitments, or have the means to fulfil them fully and properly – they will be more inclined to support this Asker, no matter how big or complex the Ask itself is. Conversely, an Asker with no positive presence on these systems or who are not using these tools effectively may find it difficult to attract support.

Risk Appetite Variation

General Giving

There are no financial risks in giving a gift/donation, grant, financial contribution, sponsorship, etc to an Ask as you give the money knowing you will not get it back. However, the risk is in how your money is used by the Asker and to what extent. The individual risk and due diligence information on the relevant Ask can help you to decide what these risks are and whether these are acceptable to you. You can also contact the Asker directly to ask questions or to negotiate specific terms for your support. 

Social Bond

If you are a Giver and wish to accept a social bond from an Asker, then along with the risk of how your money is used by the Asker and to what extent; there is a specific financial risk to you in that the social bond pledge made by the Asker may not be fulfilled fully or in time. A social bond pledge is also not legally binding (i.e. it's unenforceable) unless it is subsequently, voluntarily converted into an enforceable, legally binding one by the Asker without our involvement, either independently or through a member of our global network of independent law firms.

You can, therefore, reduce your financial risk by choosing the level of risk that is acceptable to you; ranging from pledges that have been voluntarily converted into enforceable, legally binding ones by the Asker, legally bound pledges that have been fully secured (i.e. the Asker has provided easily realisable security/collateral or confirmed guarantees which has been verified by us through independent experts to back-up their social bond pledge) to high risk, non-legally binding/unenforceable, unsecured (e.g. when you accept such a social bond pledge, say from an Asker who is a rural farmer in a developing country, for a small amount of money which you can afford to write-off if the pledge is not fulfilled by this Asker).

Each social bond Ask page on our platform has the relevant information related to whether it is secured or unsecured. If secured, then there is pertinent information relating to how it is secured, etc.

Enforceability of commitments

A social bond pledge is a purely gratuitous, honour-based promise and is not an enforceable, legally binding contract/agreement (i.e. a social bond pledge cannot be enforced in a court of law). However, an Asker has the subsequent option to voluntarily convert their social bond pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

Risk Rating (Social Bond)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

We will soon be launching a process though which we will be able to give a risk rating to each social bond pledge. This will be based on a range of factors and will provide Givers with an idea of the risk level of a particular social bond.

This would also be a very powerful tool for an Asker with very low risk ratings as they can use this to draw more support from the crowd. For Askers with higher risk profiles, a lower risk rating would be something to aim for and works towards (which can be achieved by fulfilling pledges on time, etc). 

Documentation and monetary values

For documentation and operational purposes, the Asker’s social bond pledge is made within a structured process so that our systems can generate the relevant documents for both parties. As part of this process, we automatically, autonomously and independently ensure that the monetary amount the Asker undertakes to donate to the Giver later (through their social bond pledge) is not less than the monetary amount the Giver donates to the Asker now. 

Restructured agreement

If an Asker requires additional time to enable them to properly fulfil their social bond pledge, they can contact the relevant Givers before the due date and request that their social bond agreement be restructured. This may include a change in the due date, a change in the amount offered, a part-payment now and balance deferred to another date, etc. This is negotiated and agreed between both parties, without our involvement. Once agreed to, it is up to each party to make the pertinent facts known on the respective areas of our platform. 

Equity | Shares

If you are Giver and wish to accept a equity/shares in a company from an Asker as a gift/donation, we will simply pass on the relevant information to both you and the Asker to allow the gift/donation of shares by the Asker to you to be completed outside of our platform. It is up to you (and each relevant party) to seek appropriate legal, financial, tax and any other technical advice relating to this. 

Enforceability of commitments

An equity/shares pledge is a purely gratuitous, honour-based promise and is not an enforceable, legally binding contract/agreement (i.e. an equity/shares pledge cannot be enforced in a court of law). However, an Asker has the subsequent option to voluntarily convert their equity/shares pledge into an enforceable, legally binding one without our involvement, either independently or by using a member of our global network of independent law firms. See Legally Binding Commitments for more information.

Independent Business | Project Plan Assessment

An Asker can pay to have their business or project plan independently assessed by our approved partners. This will provide Givers with an idea of the risk level and the also of the potential of a particular business or project. This is also a very powerful tool for an Asker with a very good assessment as they can use this to draw more support from the crowd. Askers with low assessments can work with the independent assessors to improve their plans, so it gives them a chance to be in a much stronger position before they publish their Ask and go to the global crowd for support. Details of our approved partners are here [link not active yet].

Tax schemes

In circumstances where shares are eligible for applicable tax schemes (such as SEIS and EIS in the UK), the Asker can state this on the respective areas of our platform (and provide evidence for this) – but we do not get involved in the process of how any such tax schemes are adhered to by either the Asker or the Giver.

Social Bond Risk Mitigation Measures

Financial control

If required by applicable law, we have the ability to freeze any money an Asker might have in their Re-Give Account, review where their money has come from and return the money to the respective Giver or to the relevant authorities. This allows us to minimise instances of fraud, money laundering, etc and/or where there is clear evidence that an Asker has made their social bond pledge disingenuously. We will only do this on a case-by-case basis as we don’t want to penalise honest mistakes and only when appropriate.

Reserve Fund | Universal Insurance payout

Please note that these services are not active yet. They are still in development and are outlined here for illustrative purposes only. We intend to offer these services in the future. When fully operational, they will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide the relevant service.

If an Asker is a member of the reserve fund and/or the universal insurance scheme and they have included the affected Ask within these schemes, then you may receive a full or partial payout from either or both of these schemes.

Suspension of an Askers live Asks and/or Re-Give Account

If an Asker does not make their social bond payment by the due date and the affected Giver formally notifies us of this, then unless the Asker comes to a new restructured agreement with the Giver or makes their social bond payment to the Giver within 14 days past the notification date, we may temporarily or indefinitely suspend all or some of their live Asks and/or their Re-Give Account so that they cannot be seen by the public. The Asker will not be able to use our platform to raise any further money from the global crowd or for any other purpose from that point on until we reinstate their suspended Asks or Re-Give Account.

If an Asker is partially or fully suspended for not making their social bond payment, the only way their suspended Asks or Re-Give Account can be reinstated is if (1) they actually make the relevant social bond payment that was due, or (2) the affected Givers (to whom the relevant social bond payment was due) agree to the reinstatement even if the Asker does not make the social bond payment due to them, perhaps because the Asker cannot do this for genuine reasons, or they have come to a restructured agreement with the Asker, or (3) due to exceptional reasons, we believe that reinstatement is appropriate.

We will only do this on a case-by-case basis as we don’t want to penalise honest mistakes and only when appropriate – e.g. when Askers make a habit of missing their social bond payments, yet have live social bond Asks, etc. Our monitoring algorithms will alert us to possible cases where suspension is probably appropriate. We will then contact the relevant Asker to determine what their intention is regarding their payment obligations. We will also contact the affected Givers. We will then act accordingly based on the information we receive from the Asker and the Givers.

There are other situations under which an Asker can be partially or fully suspended, e.g. not fulfilling their social actions, not delivering rewards that they offered, etc. We will consider these on a case-by-case basis and be guided on our actions relating to suspensions and reinstatements by the affected Givers and Askers and by our own internal assessments.

Anti-Fraud Measures

All of our user’s financial information is held in separate, offline databases, where they are stored in a proprietary custom built encryption system; and of course, online traffic to and from our platform is encrypted using the strongest possible SSL algorithms.

All of our user’s credit and debit card information is held by our payment processor partner, Stripe, not by us. Stripe has its own highly secured means of keeping this type of information safe: https://stripe.com/help/security

There are other measures implemented throughout our systems and operational processes and although all of these measures in combination may not completely eliminate fraud or misuse, we believe that it will minimise this as much as possible. We continuously strive to improve and strengthen our security and anti-fraud measures and processes and to implement new procedures and strategies to ensure that our users are protected as much as reasonably possible.

Protecting Your Privacy

We respect your privacy and take protecting it extremely seriously. Please be assured that we do not give access to or sell, lease, rent, share or give away your email address or any of your other private and personal information to anyone, unless you give us consent or we are required to do so by law.

All communications you receive from us will be from us and not from any of our partners or associates. We will do this by default, unless you specifically allow us to pass on your details to a trusted third party or unless we are required by law to disclose your details to another party.

We will only use your information to the extent that we need to carry out our services, which may involve trusted third parties using some of your information to effectively do this (e.g. credit and debit card payment processors, identity verifiers, etc); but they will not use your information for any other purpose and will not communicate directly with you for marketing purposes.

We are a non-profit organisation funded by the general public and do not make money by selling our users private and personal information

Our operational costs are funded entirely through the generosity of the public and also by various organisations through financial contributions, interest-free loans, tax-deductible donations, grants, endowments, bequests, gifts/legacies, etc (we do not have advertisements on our site). We are also supported through products, resources, services and professional expertise provided to us either on a very low cost or on a gratis/pro-bono basis. Our aims and objectives are social, not commercial, which is why we don’t charge any fees and the reason why our supporters back us - and the reason why we do not (and will not) sell your private and personal information for profit.

Please click the link below to see our Privacy and Cookie Policy (opens as a downloadable PDF in a separate window). 

Re-Give's Privacy and Cookie Policy

Our Risk Disincentive

We are not commercially driven, we do not profit from any transactions on our platform and we are independently, voluntarily funded by the public. We do not, therefore, need to churn transactions or constantly generate deal flow in order to function effectively, and we do not have any financial or commercial incentives to allow any activity that could be construed as risky or which could impair or damage the integrity and credibility of our platform and systems.

Our guiding principle is that (irrespective of whether you are a Giver or an Asker) you decide what you want to get out of us by using our services.

There is nothing in it for us, just the satisfaction that we are helping bring people, businesses and organisations together for a common good: the betterment of society and the environment. We just make sure that you have the reassurance you need that it is all honest, decent and truthful.

In keeping with our open, equal opportunity and level playing field for all nature and besides carrying out the previously described due diligence and implementing appropriate risk mitigation measures where and when appropriate and except in matters relating to risk and past performance; we do not vouch for or prefer any Ask or Asker over another or make any judgements about which Ask or Asker is better or worse than another in any aspect.

We let you and the global crowd decide this.  

  Risk Warning and Legal Disclaimer

Although we do whatever is possible to ensure that an Asker is genuine; there are no absolute guarantees that they are, that they will not fail to fulfil their pledges and undertakings (e.g. their social actions, to give you a donation of money or equity/shares on the agreed date, etc) or that they will not put the money they raised to full, proper and lawful use.

Each Ask page on our platform has the relevant risk and due diligence information associated with both the Asker and the Ask itself, thus allowing you to make an informed decision before committing to an Ask. However, the risk and due diligence information we provide is only a guide and is not guaranteed or indemnified by us in any way.

Moreover, any information contained on this platform should not be deemed by you as constituting legal or financial advice and should not be relied upon by you as the basis for any financial decisions which you may subsequently make. We accept no liability for any losses or consequential loss incurred by you acting upon any information contained on this platform.

Therefore, if you are considering supporting an Ask, it is absolutely essential that you consider carefully the information the Asker has provided about themselves and their Ask on this platform – including their pledges, rewards, social bond collateral, etc – and that you seek professional advice if you need to regarding your own financial and legal suitability for supporting an Ask, before you commit to giving any money to the Asker. If you still wish to support the relevant Ask, then:

  • Always give money you can afford to be without - do not put yourself in financial peril.
  • Always bear in mind that anything offered to you as a reward may not materialise at all on the agreed date or on any occasion after and even if it did, it may not be what you expected, anticipated or been led to believe (that you will receive) and may be substantially lower in value, quality, quantity or amount than you expected. Moreover, it may be extremely difficult for you to seek full redress from the other party.
  • We want you to enjoy the experience of helping others in a common cause: the betterment of society and the environment, but we do not want you to take financial risks that you may not be able to afford, so please be careful.

Financial Regulation

  • Regulatory disclaimer: our services are not controlled or regulated by any financial regulatory authorities anywhere in the world, such as the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA) in the UK or the Securities and Exchange Commission (SEC) in the USA. This is because we do not carry out or provide any controlled or regulated activity (for instance, as defined under the UK Financial Services and Markets Act 2000) on this platform: the free, unconditional and independent giving and receiving of money, equity/shares and/or financial rewards and gifts on a gift/donation (and unenforceable, non-legally binding) basis is not a controlled or regulated activity and thus, we do not require any authorisations to do this from any financial regulators. This means that if you do suffer a financial loss due to an agreement you made or an understanding you had with another user of this platform, you will not be able to rely on or have any recourse to any government compensation schemes such as the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) in the UK, or on any other similar consumer protection schemes in other countries.

Social Bond

  • If an Asker pledges to give you money as a gift/donation at a later date, then the Asker may not do this at all on the agreed date or on any occasion after and even if the Asker does, the amount may be substantially lower than you expected. Also remember that a social bond pledge is not a legally binding contract or agreement (i.e. it cannot be enforced in a court of law). However, if the Asker subsequently converts their pledge into a legally binding one, then it may be enforceable. Please seek appropriate, independent legal advice on this matter before accepting any social bond pledges.
  • Although through our STAX (Social Bond Transfer and Exchange) service (which is not available yet), you can try to find another person or organisation who you may be able to transfer your social bond pledge to (in return for payment or some other resources or services from them) – it does not mean that you will be able to do this within a reasonable period of time or receive the full amount pledged to you by the original Asker. You may only get some or even nothing at all of the total amount that you were originally expecting to receive from the original Asker.

Equity | Shares

  • If an Asker pledges to give you equity/shares in a company as a gift/donation, then the relevant equity/shares may have a financial value significantly lower than you may have expected, anticipated or been led to believe. The financial value may even possibly go down to zero (thus resulting in a complete loss) at some point in the future and it may be extremely difficult for you to sell what you received from an Asker or to secure a fair and reasonable price privately or on the open market within a reasonable period of time even if you are able to sell. Also remember that an equity/shares pledge is not a legally binding contract or agreement (i.e. it cannot be enforced in a court of law). However, if the Asker subsequently converts their pledge into a legally binding one, then it may be enforceable. Please seek appropriate, independent legal advice on this matter before accepting any equity/shares pledges.

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Legally Binding Commitments | LBR[ Back to Top ]


On our platform: pledges made by one party to another to give (as a gift/donation) money later (social bond) or equity/shares (i.e. activities based on our Structured Giving process) and all financial rewards and gifts are purely gratuitous, honour-based promises and are not legally binding contracts or agreements between the parties (i.e. any such pledges cannot be enforced in a court of law).

All other pledges and commitments made on our platform (such as social actions, non-financial rewards/gifts, etc) are legally binding agreements as per our Terms and Conditions, enforceable by us or by any independent third party (which may or may not be an affected Giver) in a court anywhere in the world.

Voluntarily converting gratuitous, honour-based promises into legally binding ones

To make it easier to attract support from the crowd and to demonstrate seriousness of purpose, an Asker seeking financial support through structured giving and/or offering financial rewards and gifts can (after making the relevant pledges) voluntarily convert their non-legally binding, gratuitous, honour-based pledges and commitments into legally binding ones without our involvement, either independently or by using a member of our global network of independent law firms (some firms may provide this service for free, others may charge a fee). Givers may feel more confident, assured and safe in supporting an Asker who opts to voluntarily bind their pledges, whereas Askers who do not do this may find it harder to secure support from the crowd.

Deed Poll: physically signed, witnessed, executed and delivered

One of the ways in which you can voluntarily convert your gratuitous, honour-based promises into legally binding ones is through the use of a specific legal instrument in English Law called a Deed Poll, which is enforceable in most legal jurisdictions of the world. A Deed Poll legally binds the person who signs it in the presence of a witness to a particular course of action as detailed in the Deed Poll document. Below is a Deed Poll template which you can use (click to download and edit). You are advised to seek appropriate legal advice if required before formally signing a Deed Poll document.

Deed Poll Template (MS Word .doc)

Documentation

When an Asker makes a gratuitous, honour-based social bond or equity pledge to a Giver, we automatically send a record of this pledge to both the Asker and the Giver (the ‘Ask’ itself contains records of any financial rewards/gifts). This record can then be used by a law firm to convert the (non-legally binding) pledge into a legally binding one. Givers can request a copy of any gratuitous pledges that have been converted into legally binding pledges directly from the Asker or they can contact us and we will put them in touch with the Asker or, if a member of our global network of independent law firms was used, the particular law firm that carried out the conversion work (from which they can request a copy).

Click to see a list of our global network of law firms who can assist with converting gratuitous, honour-based promises into legally binding ones (link not active yet). Please note that this network is currently in the process of being fully developed.

Legal status of pledges on our platform

TYPE OF PLEDGE PLEDGE INFORMATION STATUS ON OUR PLATFORM (T&C) VOLUNTARILY CONVERTIBLE BY ASKER
TO LEGALLY BINDING (ENFORCEABLE)
SOCIAL BOND SENT TO ASKER & GIVER NON-LEGALLY BINDING/UNENFORCEABLE YES *
EQUITY/SHARES SENT TO ASKER & GIVER NON-LEGALLY BINDING/UNENFORCEABLE YES *
FINANCIAL REWARD/GIFT DETAILED ON ASK PAGE NON-LEGALLY BINDING/UNENFORCEABLE YES *
SOCIAL ACTION DETAILED ON ASK PAGE LEGALLY BINDING AND ENFORCEABLE NOT NECESSARY
NON-FINANCIAL REWARD/GIFT DETAILED ON ASK PAGE LEGALLY BINDING AND ENFORCEABLE NOT NECESSARY
* Converted by Asker without our involvement, either independently or by using a member of our global network of independent law firms
LBR (Legally Binding Commitment Register)

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future.

Askers who voluntarily convert their non-legally binding pledges and commitments into legally binding ones through a member of our global network of independent law firms will be automatically included in the LBR (Legally Binding Commitment Register) – which is our public register of all Askers who have voluntarily opted to have their pledges legally bound and made enforceable through law firms approved by us. Askers who are on the LBR can state this on their profile and Ask pages and Givers can check the LBR to help them make a more informed decision before supporting a particular Asker. 

Failboard

Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes. We intend to offer this service in the future. 

If the need arises, we may publish a list of Askers who fail to keep their pledges and commitments (whether legally binding or not) on various categorised lists called a Failboard [link not live yet]. This would be lists (compiled under various metrics) of Askers who did not complete their pledges and commitments. This list may be published in other media as well – thus causing significant negative PR for the relevant Askers.

Please note that we fully respect everyone’s privacy and thus we do not sell or allow anyone access to any data or information we hold about anyone on our systems nor do we publish any such information anywhere without the prior consent of the person or organisation who’s data or information we are dealing with (see Privacy for more information). However, in the case of the Failboard, we reserve the right to publicly name Askers who do not fulfil what they said they would and provide details of their non-performance and other relevant details, without their prior consent or advance notification.


Contact[ Back to Top ]


Email

We respond faster and more effectively via email: info@regive.org

Please email us anytime and we will endeavour to get back to you as soon as we possibly can.


Social Media: Facebook, Twitter, etc

Please click here for our Social Media details.


Telephone

Can you call someone at Re-Give?

We don’t have phone support, but please don’t take this as a lack of interest in helping you. Many of the answers to your question can be found in this page but if you still need help after reviewing this content, please send us an email. However, if you still wish to call us (and please only call us if you absolutely need to), our number is: 0044 (0)844 288 3160. We are only available by telephone during our office hours, which are 9am to 5pm UK time.


Visiting us

You are more than welcome to visit us anytime during our office hours (9am to 5pm UK time). Our address is below (all official post for us should be sent to this address).


Our registered address

Re-Give Global
Holly House
220 New London Road
Chelmsford
Essex
England
CM2 9AE


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Help | User Guides[ Back to Top ]


Content coming shortly

User Guides

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Case Studies

Student Funding

Enabling students all over the world to get new funds, repay their current student loans, receive financial contributions, grants, sponsorships, etc from the global crowd.

A student can can also make a social bond pledge. A social bond from a student can be unsecured or secured (either by assets they have or by assets belonging to family or friends). In return for the crowds support, students must do something good for society or the environment through legally binding social actions.

We believe that this may resonate with the global crowd as individuals, businesses and organisations can fund students who are studying within the same area of interest (e.g. engineering, banking, IT, media, law, accountancy, etc). One of the many reasons why a potential Giver could do this is to build-up goodwill and to generate good publicity (i.e. the Giver can say that they fund students who help to better and strengthen their community, society and the environment - it’s a powerful message for a Giver to use for their CSR and publicity purposes).

Social Impact (SROI)

Content coming shortly


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The Art Of The Ask[ Back to Top ]


An Ask is a request to the crowd for something. You create and publish an Ask by following a few simple steps, you then put in the relevant information to make sure that your Ask makes sense both to you and to those who will read it (i.e your potential backers), and then you publish it. After that, you promote it as much as you can to get people to visit your Ask and to support you (we give you the means to do this easily through social media integration). 

How to do a great Ask

Content coming shortly


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Beta Notice[ Back to Top ]


Current Release Stage: Public Beta

Please be aware that this website platform is currently in the course of development, is subject to change and is being made available to the public on a beta basis. Not all of the features listed on the website (some of which are detailed in grey text) are yet operational or available to users and there may be elements of this website that look or behave differently than generally expected. Re-Give accepts no liability for any aspect of this website which is not yet operational or which requires further development. Click here for more information.


News[ Back to Top ]


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Hot of the press

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Social Media

Like and Rewteet our Tweet. Follow us on Twitter

Share and Like our Facebook post

Re-Give | Welcome To Our WorldRe-Give announces the launch of the world’s first free, non-profit, non-commercial,...

Posted by Re-Give on Tuesday, 25 August 2015

Connect with Re-Give on LinkedIn

Follow our company page on LinkedIn



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Press | Media[ Back to Top ]


For press and media enquiries only, please email:

Re-Give | Media Team

press@regive.org

Media Kit

Community[ Back to Top ]


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Community

Content coming shortly

Forums

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Giver Groups

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Corporate Social Responsibility (CSR)[ Back to Top ]


Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. With some models, a firm's implementation of CSR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law". The aim is to increase long-term profits through positive public relations, high ethical standards to reduce business and legal risk, and shareholder trust by taking responsibility for corporate actions. CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others. Read more...

Watch this video to understand more

Re-Give Foundation[ Back to Top ]


The Re-Give Foundation is a division of Re-Give Global and is the channel through which we directly do what we can, do what is possible, to assist those in need and those whose activities benefit society.

The Re-Give Prize and the Re-Give Global Social Impact Fund (GSI) are programmes of the foundation.

If you have any questions related to the Re-Give Foundation, please email us.


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Re-Give Global Social Impact Fund (GSI)[ Back to Top ]


Content coming shortly


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RAMP | Re-Give Affiliate Network, Marketing and PR[ Back to Top ]


Use RAMP at regive.org

RAMP (Re-Give Affiliate Network, Marketing and PR) is a free, dedicated, in-house service that connects Askers with marketing and PR service providers throughout the world (who may charge fees for their services). It's primarily geared towards Re-Give's Private Affiliate Network, which allows Re-Give Askers to directly leverage the global crowd through RAMP affiliates to find people, companies and organisations all across the world who may be potential backers for the Askers crowdsourcing, crowdfunding and crowd commerce Asks. Here's how it works for a RAMP affiliate:

PRIVATE AFFILIATE NETWORK


RAMP at regive.org


How do you get started as a RAMP affiliate?

It's quick, easy and simple - and doesn't cost you any money (it's absolutely free) and you don't need any experience, special skills or knowledge. Just open a Re-Give Account and don't forget to check your email for your account verification email from Re-Give. Then, check your email and personal RAMP page regularly to see offers from Askers who wish to pay you to promote their Ask. If you have any questions or queries, or need any help, please email us and we will get back to you as soon as we possibly can.


Get Started


More about RAMP

Through RAMP, you (and anyone, from anywhere in the world) can earn a commission on a ‘paid-on-results’ (affiliate marketing) basis by promoting the Asks you want to by simply sending your contacts (friends, family, colleagues, associates, acquaintances, etc) a unique link/encoded images (generated by RAMP for the Ask you are promoting) via messaging, texting, social media, email, word of mouth, etc. It's open to all and you don't need a website or blog to do this, you can just send or give your unique link/encoded images to your contacts, along with some encouragement for them to Give to (or engage with) the Ask or to transact with the Asker. If you have a website, blog, social media page, etc - you can display/publish/post the unique link/encoded images on there as well.

You get 100% of what the Asker pays you in commissions (for crowdfunding Asks, this is guaranteed by Re-Give)

We don't keep anything as a fee or commission (i.e. we don't charge any overrides, management fees, etc). It's very easy and there are no costs involved for you or anyone to do this. You get paid by the Asker on whatever basis agreed upon by the Asker and yourself; this can be recurring, one-off, fixed, percentage, bid, scaled, etc. Do this many times and you could make a substantial amount of money on a regular basis doing what you normally/usually do everyday such as use social media, chat with your friends, family, etc.

How crowdfunding commission payments are guaranteed by Re-Give

All monies raised by Askers through crowdfunding come through us and we hold the money for a minimum of 14 days for cooling-off and anti-fraud purposes. This means that (if the Asker agrees, which they would need to in order to use RAMP) we can retain and hold any agreed commissions, thereby guaranteeing that any commissions due to a RAMP affiliate will be paid directly by us to them.

Why Askers use RAMP

All of our services are completely free to use, as we don’t charge any fees or commissions; whereas most other platforms (from crowdfunding to online shopping/e-Commerce portals) charge an average fee/commission of anything from 5% to 15% upwards, which makes their users less likely to use affiliate marketing because of the additional commission costs involved. Re-Give Askers, however, don’t pay any fees or commissions to it and thus have the option to pay a similar amount (which they would have paid as a fee/commission to other platforms) as a commission to a RAMP affiliate to promote their campaigns – but only on a ‘results’ basis, thereby reducing capital risk.

Using RAMP also generates a great deal of publicity and PR for an Ask, as the RAMP affiliates promote the Ask, often with positive and encouraging commentary, through their network of social media and general contacts. This saves a great deal of money for an Asker in terms of generating PR buzz and exposure, something which would ordinarily might have a significant up-front cost.

As an Asker, how do you use RAMP to promote your Ask?

Just select the RAMP option and fill-in the short form when you create your Ask, immediately after publishing it or at any time from your Account management page.


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Our Partners[ Back to Top ]


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A special thanks to our benefactors

We have been (and are currently) supported by a number of individuals and organisations throughout the world, some of whom (for privacy reasons) have opted no to be listed on our benefactors page. Here is a list of those of our benefactors who have opted to be listed.

To all of our benefactors: our sincere gratitude to you for your help and support.


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Re-Pay | Zero Fee Online Payments, Transfers, Exchange and Remittance[ Back to Top ]


Please note that this service is not active yet. It is still in development and is outlined here for illustrative purposes only. We intend to offer this service in the future. When fully operational, it will be provided through a third party partner which is fully and properly authorised and regulated by the appropriate authorities to provide this service.

Re-Pay

Through our Re-Pay service:

  • You can make free (zero fee), instant and unlimited: payments, transfers, exchange and remittance to anyone with a Re-Give Account, anywhere in the world.

  • If you use a card to upload money into your Re-Give Account to pay or transfer/remit funds to someone with a Re-Give Account, we will not charge you any transaction or processing fees, except the mandatory Interchange fees charged by your card issuer (which we have no control over). You can link as many verified cards and bank accounts as you like to your Re-Give Account to allow you to make as many payments and transfers/remits as you want.

  • If you pay or transfer/remit funds to someone with a Re-Give Account in a currency other than yours (at the moment, we currently support US Dollars [$], British Pound Sterling [£] and Euros [€] but are working to support all major currencies), we will not charge you any transaction, processing or brokerage fees or commissions or add any margins to the exchange rate – and the moment you request the transaction, it will only be carried out at the London Forex Interbank (spot, real mid-market) exchange rate.

  • Once you've received payments/transfers or had funds remitted to you from someone with a Re-Give Account, you can either manually withdraw your money when you want to or set-up an automated, regular withdrawal facility which will allow your money to be sent to wherever you want (pre-verified by us) on a frequency chosen by you. You would have to pay any costs associated with any withdrawals that may be charged by the banks or any other third parties involved (we do not charge you any withdrawal fees).

The purpose behind Re-Pay is to provide the least cost route for our users to transact, pay, receive and send money to each other, no matter where they are in the world. Its purpose is not to generate revenues for us, hence we don't charge any fees. Re-Pay is not cost free for us to provide as there are a lot of administrative elements, user servicing, tech systems and back-end processes involved (for which we have to pay fees and charges to banks and other third parties). However, we endeavour to absorb these costs fully ourselves so that we can provide Re-Pay to our users for free (or at the very least, at the lowest possible cost).


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Security | SSL[ Back to Top ]


Norton-Trust-Seal-Symantec

This website is protected with one of the most trusted and secure SSL certificates: Symantec Secure Site Pro with EV

This features Extended Validation (EV), the green address bar, and the Norton Secured Seal, the most recognized trust mark on the Internet. Secure Site Pro with EV also offers one of the strongest SSL encryption with vulnerability assessment and malware scanning to help defend this site against attacks.


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Imagination. Ignited[ Back to Top ]


The world is waiting for you, ignite your imagination and see what you can accomplish through Re-Give



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