Donor terms

Draft. This page is a working draft and has not yet been reviewed by counsel. It describes how Zeroed is designed to work; the final terms will be posted here before the first gift is accepted.

These terms cover gifts made through the Zeroed app and website, operated by Zeroed Corporation, a 501(c)(3) nonprofit, EIN 43-2919794 (the "Charity").

1. Loads are gifts

When you add money to your giving balance ("load"), you make an irrevocable charitable contribution to the Charity of the full load amount at that moment. The Charity issues a receipt for that gift. You retain no ownership of, and no right to a return of, loaded funds.

2. Your balance is an advisory preference

Your giving balance records your preferences for how the Charity applies your gift among verified bills. The Charity retains full discretion and control ("variance power") over all contributed funds and will honor your preferences whenever the chosen bill remains eligible. If a bill becomes ineligible (withdrawn, paid by another source, expired, or found not to meet our standards), the Charity will apply those funds to other verified bills through the pool.

3. Undirected balances

Any balance you have not directed to a bill within 12 months of the load is applied by the Charity to the pool, which funds verified bills by urgency. You will be notified before this happens.

4. Payments go to creditors

The Charity pays creditors (utilities, medical providers, courts, lenders, collection agencies) directly on a recipient's behalf. The Charity never transfers funds to a recipient. The Charity does not guarantee that any specific bill will be funded or paid, or that a creditor will accept payment, and may redirect funds under section 2 if a payment cannot be completed.

5. Fees, tips and operations

At load time you may choose to cover payment-processing fees and to add a tip; both are part of your gift and appear on your receipt. A portion of each load also supports the Charity's operations. The split is published monthly on the financials page.

6. Refunds

Because loads are completed gifts, they are not refundable, except where a load was made in error by the Charity or its payment processor (for example a duplicate charge), in which case contact [email protected] within 60 days.

7. Receipts and tax treatment

Receipts are issued by the Charity at load time and summarized annually. Whether a gift is deductible depends on your circumstances; consult a tax professional. No goods or services are provided in exchange for gifts. Points, levels and badges have no cash value and are not goods or services.

8. Daily limits and confirmation

To protect donors, gives above a stated amount require confirmation and the Charity applies daily limits. Large loads may be held briefly for review.

9. Conduct

You agree not to use Zeroed to harass, identify, contact or locate any recipient, or to attempt to send money to any person outside the app.

10. Changes

The Charity may update these terms; the date at the top of this page changes when it does. Continued use after a change is acceptance of the new terms.