Credit-Card Company Waives Fee on Donations

October 2, 2008 | Read Time: 1 minute

The Capital One Financial Corporation will cover the transaction costs for charitable gifts that its credit-card holders make through the company’s new giving site, allowing the total amount donated to go to the donor’s chosen charity.

Typically, when contributors use credit cards to make their gifts, up to 5 percent of the amount goes toward covering transaction costs.

The new giving site is a partnership between Capital One and Network for Good, an organization in Bethesda, Md., whose online-giving site allows donors to support any charity in the United States.

To get there: Go to https://www.capitalone.com/give.

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About the Author

NICOLE WALLACE

Features Editor

Nicole Wallace is features editor of the Chronicle of Philanthropy. She has written about innovation in the nonprofit world, charities’ use of data to improve their work and to boost fundraising, advanced technologies for social good, and hybrid efforts at the intersection of the nonprofit and for-profit sectors, such as social enterprise and impact investing.Nicole spearheaded the Chronicle’s coverage of Hurricane Katrina recovery efforts on the Gulf Coast and reported from India on the role of philanthropy in rebuilding after the South Asian tsunami. She started at the Chronicle in 1996 as an editorial assistant compiling The Nonprofit Handbook.Before joining the Chronicle, Nicole worked at the Association of Farmworker Opportunity Programs and served in the inaugural class of the AmeriCorps National Civilian Community Corps.A native of Columbia, Pa., she holds a bachelor’s degree in foreign service from Georgetown University.