Image of Richard Branson at the Virgin Money Giving launch party

Virgin to the rescue? It’s possible but we’ll need your help

by El

March 17th Update: If you’re short of time, you’ll be pleased to hear that BMyCharity have been rescued. Give A Brick would still love Sir Richard Branson to sponsor us to move across to his Virgin Money Giving model (and if you’re reading this Sir Richard, please get in touch. We’d love to hear what you think) and you can read our update on the situation here.

Regular readers will remember my sadness and frustration last week when I shared with you the news that BMyCharity would be closing for business at the end of the month. As is often the case when talking about bad news, a great conversation took place. It was suggested that we look again at the model offered by Virgin Money Giving and just this afternoon, we were pointed in the direction of EveryDayHero.co.uk who have no monthly fee or set up fee but charge 4.75% on every donation. I tried telephoning the office to find out more before writing this post but unfortunately missed them for today. I’ll try again tomorrow and keep you posted ;)

In the meantime, despite the no set up fees or monthly fees of EveryDayHero.co.uk, there is a better option: Virgin Money Giving.

A thought process evolved over the course of the conversation in the comments section and here’s where we’ve ended up:

Virgin Money Giving are a non-profit organisation. They charge no monthly fee. Instead, they charge a one time set up fee of £100+VAT and 2%+bank charges on every donation. Assuming somebody somewhere can have a little word in Richard Branson’s ear, they could be the knight on white charger. Because Virgin Money Giving are non-profit, it would unrealistic to expect them to be able to afford what I’m about to propose in the next paragraph. However, a little bird told me that Richard Branson is very charitable and he has a few quid ;)

Having read on their own blog how keen Virgin Money Giving are to support BMyCharity fundraisers, I’m calling on the overall boss of Virgin Money Giving to be equally as supportive to all BMyCharity charities. Maybe I’m living in cloud cukoo land but I believe that with the financial backing of Richard Branson, Virgin Money Giving could waive the set up fee for all BMyCharity charities who choose to transfer over to Virgin Money Giving.

Why would they do that?

BMyCharity had a one time set up fee of £150+VAT. Having already used the bricks of 150 kind people in order to make use of the online sponsorship pages, I’m not happy right now to use another 100 bricks in order to allow us to work with Virgin Money Giving. I literally get excited every single time someone gives a brick. Every single pound that is donated is celebrated over. As a team of dedicated volunteers working from home on our own equipment, Give A Brick has no admin costs. In fact, the £150 we paid to set up with BMyCharity was the first time we used your bricks for anything other than directly supporting our first project. Now do you begin to understand why it hurt so much to read that they were folding?

There are were three main players in this arena: Just Giving, Virgin Money Giving and BMyCharity. Just Giving are the pros. They charge £20 each month and take 7% commission on donations. They are the least charity friendly in terms of money in the charity pot. Virgin Money Giving are the new kids on the block. They only launched late last year and are still trying to prove they have muscle. BMyCharity have lost their muscles and are bowing out.

According to their website, BMyCharity has 300 charities on it’s books. If Virgin Money Giving were to invite all these charities to use their services (with no set up fee) that would give Virgin a much bigger share of the charity pot. It wouldn’t be bad publicity either ;) On their home page, Virgin Money Giving have a video that talks about Virgin as liking to take business and shake it up a little. Gifting in all the charities let down by BMyCharity would certainly give the fundraising arena a good shake up ;)

How much will it cost?

Using BMyCharity’s figure of 300 charities, each needing a £100 fee waived, that gives us a figure of £30,000. That’s no small change. I understand that completely, really I do. £30,000 added to the GAB coffers would be enough for us to start and complete the penultimate phase of our first project. However, I also understand that to successful folks in business, £30,000 is really just a drop in the ocean. Some really successful business people could afford to waive the fees of 300 charities and give enough bricks to finish the entire first project. (If you know some really successful business folk, feel free to ask them to Give A Brick ;) )

How can this be achieved?

The only way that Richard Branson is going to give £30,000 to Virgin Money Giving for the purposes of gifting in 300 charities is if enough people ask him. That’s where you come in ;) He’s a Twitter user for starters (albeit not a regular, daily tweets type user) so that’s one way to start. Virgin Money Giving are also on Twitter so by all means start talking to them too.

On the Virgin website, there is a place where you can ask Richard a question. If enough people started asking him about this, somebody somewhere would have to talk to him about it would they?! You need to register before asking a question so if you’re short of time, be warned.

How else can we bring this to the attention of Sir R? I need your help and ideas. This has always been the case with Give A Brick: lots of individuals coming together to make a difference. What can you do to help right now?

{ 14 comments… read them below or add one }

Eleanor
Twitter:
March 15, 2010 at 10:29 pm

As a fascinating aside, I left a comment on the Virgin Money Giving blog post about BMyCharity and according to the permalink for my comment, it is comment number 30. Why is that fascinating? Go and read the other comments and come back and tell me what you think. ;)

Reply

Paul
Twitter:
March 15, 2010 at 11:28 pm

Eleanor,

I’ve Tweeted @richardbranson; we’ll see if we get a response. Good luck.

Regards

Paul
Paul´s last blog ..Special People My ComLuv Profile

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Eleanor
Twitter:
March 16, 2010 at 1:03 am

Thanks Paul. I appreciate your help :)

Reply

Heather March 15, 2010 at 11:30 pm

Aw damnit, there was me thinking I was so clever going and finding him on Twitter… then I read the last section. Doh.
Heather´s last blog ..Webcomic: The Mayans Day 2 My ComLuv Profile

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Eleanor
Twitter:
March 16, 2010 at 1:04 am

lol You make me laugh every time. I just really appreciate you finding him and for tweeting. Keep it up ;)

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Heather March 16, 2010 at 1:07 am

I really did go and look too lol, but oh well – least he’s aware. :)
Heather´s last blog ..Webcomic: The Mayans Day 2 My ComLuv Profile

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Eleanor
Twitter:
March 16, 2010 at 12:15 pm

I’m not sure he is yet. It doesn’t look like he visits Twitter as regularly as you and I ;)
Eleanor´s last blog ..Give A Brick community video My ComLuv Profile

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Matthew Needham March 16, 2010 at 7:53 am

Eleanor this is a great idea and I will be tweeting and commenting on your behalf

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Eleanor
Twitter:
March 16, 2010 at 1:04 pm

Brilliant. Many thanks for your support Matthew :)

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James Potter March 16, 2010 at 11:40 am

Hi Eleanor,

We have taken some immediate steps to help charities and have streamlined our registration process for those of you moving across from Bmycharity. This means that if you register with us today we will have you up and running in just a few days – helping to ensure that you don’t miss out on any fundraising at this key time.

As a not-for-profit business we do all we can to keep our fees as low as possible. Our £100+VAT set up fee literally covers the cost of putting each charity live on our website – this is a one off charge and you don’t have to pay us a subscription each month. We believe this is the fairest way to charge because it costs us the same to set up each charity, regardless of size and we believe it would be unfair on other charities using Virgin Money Giving to waive our set up fee for those moving across from Bmycharity.

Once you are up and running on our website we charge a 2% transaction fee on donations (you mention in your blog this would be 20p on a £1 donation – in fact it’s just 2p) and we don’t charge anything to collect Gift Aid for you (we currently have a fantastic 87% people ticking the Gift Aid box). So, for each £1 donation to Give A Brick you would receive £1.10 net of all fees and with Gift Aid added.

This link shows how our fees work http://www.virginmoneygiving.com/giving/popup/how-fees-affect-a-donation.jsp

We would be delighted if Give A Brick used our website for fundraising and we would love to help such a great cause.

James
Virgin Money Giving

Reply

Eleanor
Twitter:
March 16, 2010 at 12:29 pm

Hi James,
Many thanks for your comment. I understand completely why you need the £100+VAT fee. BMyCharity had one (although theirs was £50 more) so we’re not adverse to paying for your service.

However, because we are still such a small charity, to find another £117.50 on top of the £172.50 we have already paid is going to be hard to justify to our trustees. I know your hands are tied since you too are non-profit. That is why I am very keen to bring this to the attention of Sir Richard. It would be fabulous publicity for him and yourselves if he could offer to underwrite the £117.50 for any BMyCharity registered charity who chooses to switch to your service.

Just Giving are pushing hard for BMyCharitie’s custom. They are offering to fast track charities and engaging in dialogue to try and justify why it’s worth paying the monthly fee to use their service. If your organisation could secure the 300 BMyCharity charities onto your system, that would be massive.

Other than talking about this all over Twitter and at various related blogs, I personally don’t know what else I can do to at least give Sir Richard the opportunity to say no. That’s why I contacted you via Twitter since I hoped that as an organisation under his Virgin umbrella, somebody somewhere might have the means to talk to him about this.

In the meantime, thank you again for taking the time to get in touch. I appreciate it and I really hope something can be arranged so that Give A Brick can use your service because it looks great. Given the benefit of a time machine, we would do things differently when it came to setting up with a sponsorship company but hindsight is a lovely thing ;)

Eleanor
Eleanor´s last blog ..Give A Brick community video My ComLuv Profile

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Terence Hayward March 16, 2010 at 12:55 pm

Hi Eleanor – Good luck with your approach to Sir R – he’s a philanthropic man so he might like your suggestion.

I have an alternative proposition for those clients of BmyCharity who value the ability to be able to brand their own pages and create event pages and fundraising pages that do not all look the same. Everyday Hero cannot match Virgin’s 3.5% including credit card fees in the long-term (much higher on small donations such as £1 or £2 incidentally) but we can offer a 3 month transitional membership of EverydayHero on the same terms that charities would get if they signed up with VMG – ie. 3.5%.

Remember, as you rightly say above, we have no registration fee or monthly charges so this represents a significant saving in upfront fees. We can also arrange for a bulk upload of fundraisers details which will give active fundraisers a new page so that there is no interruption to their fundraising activity. I am confident that I can prove, in the 3 month period, that our approach, which puts the charity brand and messaging first, (similar to BmyCharity) actually raises you more money and pushes up the average donation thereby making it far better value for money than Virgin anyway.

With no upfront costs is there anything to lose? Once we get to the end of the 3 months those who have signed up will be offered the opportunity to transfer to our normal terms or can depart without further commitment.

We currently have around 850 clients and we are the market leader in Australia. We work with charities, trusts and NFPs of all shapes and sizes. If anybody wants to contact me directly then they can; by email at terry@everydayhero.co.uk or you can get my phone number by visiting http://everydayhero.co.uk/contact/contact_us

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Alex
Twitter:
March 16, 2010 at 1:16 pm

I retweeted with a message to Sir Richard Branson. Spreading the word!
Alex´s last blog ..Are you trying to be New Coke? My ComLuv Profile

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Eleanor
Twitter:
March 16, 2010 at 1:28 pm

That’s brilliant. Many thanks for your support Alex. We need to keep this up until he next goes on Twitter. This way we’re bound to get his attention. Today is a good day for social media. It will be an even better day when he reads this post and says yes ;)

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