Financial Safeguards

At AmeriGives, we never take ownership of your money, never commingle accounts, never profit from a float and never use a third-party charity to disburse funds. Instead, we use a non-interest bearing, positive pay trustee account in your company’s name. Your company wires money to the account only after you approve a voucher, then we disburse the money to the charities listed on the voucher, usually within 24 hours.

The non-interest bearing account remains at a zero balance until your company approves a voucher payout for a specific payout period (typically every month or quarter). At this time, your company wires the exact amount of funds needed to disburse for that specific payout period.

Within 2 business days of receiving the wire transfer (usually within 24 hours), AmeriGives prepares the checks and mails them directly to the recipient organizations listed on the approved voucher report. For added security, checks are always mailed out the same day they are prepared.

Our positive pay feature adds an extra layer of protection against fraudulent activity. Prior to a charity being able to cash a check, our bank compares the check to our list of check numbers, recipients and amounts before allowing the funds to be deducted from your account. In addition, each check is branded with your company’s logo and information about the individual donor, so that recipient organizations know exactly where the generous donation came from.

AmeriGives’ clients always have the option of maintaining their own bank account and performing their own account reconciliation, or maintaining their own bank account and having our staff perform account reconciliation. However it is important to note that more than 90% of our clients – including some of the largest financial institutions in the country – utilize our financial services.

Most importantly, we handle all of our accounting functions internally and do not outsource any of our services. On a monthly basis, our company sends out comprehensive bank reconciliation statements to all of our clients. And for added security, your company can request secure online access to the bank account to check activity at anytime 24/7, at no additional cost.