Classy
Is This Your Business?2.0
2.0
Author: Kaitlyn Short
LAST UPDATED: June 27th, 2019
Stay Classy is a crowdfunding platform for social impact organizations raising funds to affect change in the world. Their main goal is to create a platform that makes fundraising easy for churches, non-profit organizations, charities, foundations, schools, and others seeking funds for causes ranging from educational advancement to health programs. Since its beginning in January 2011, Stay Classy has helped fund more than 1,500 organizations with over 130 million dollars in funds. Their platform gives social impact organizations the ability to make meaningful connections with potential donors.
Top Ranked Companies
The Good
- Model type
- Fund type
- Maximum allowed raise
- Deadlines
- Receiving funds
- Administrative work options
Model Type
Classy operates on a Personal Donation model. This crowdfunding platform allows users to run three different types of campaigns-including donation, peer to peer, and ticketed & registration events. Organizations also have the ability to run a campaign for specific projects or hold a year-round fundraiser allowing continuous donations to a campaign with no time limit.Fund Type
In addition to offering flexible fee options, Classy uses a "Keep What You Raise" fund type. This gives the fundraiser the ability to keep what they have raised even if they fall short of their goals.Maximum Allowed Raise
Classy's 'Keep what you raise" fund type allows organizations to keep whatever funds acquired with no minimum fundraising requirement. There are no detailed deadlines or goal requirements, giving fundraisers maximum flexibility.Deadlines
With Classy, you can create campaigns with or without an end-date. If you choose to campaign without an end-date, it's considered what Classy calls "Open-ended" or "Rolling". Open-ended (or "rolling") campaigns allow your supporters to donate all-year-round. They can do this by creating personal fundraising pages, hosting a 3rd-party ticketed event or just making a donation. This option is unique among crowdfunding platforms and is perfect for non-profit organizations or a business who wants to take ongoing donations through their website or other online platforms.Receiving Funds
Once your campaign ends or if it is open-ended, the funds donated to you are transferred in real time as they come in. This is another unique feature that Classy offers that users will like. Most crowdfunding platforms take at least 24 hours to 3 days to transfer funds-even if it is electronic transfer. If you need your money right away, Classy makes this possible.Administrative Work Options
All of your donor and fundraiser data is stored safely in your Classy account. You are provided a suite of reports that can be sorted, filtered and exported. Each campaign that you create on Classy will also have its own set of corresponding reports and analytics. You can even add custom fields to fundraiser registration and donation forms to collect additional information about your supporters. Classy is also designed to be plugged right into your website. You can add a Donate /Fundraise Now button to your organization's website or build a custom micro-fundraising site with progress bars. In addition, Classy is able to integrate your website with the following applications:- Salesforce
- MailChimp
- Authorize.Net
- PayPal
- DonateDouble
- WePay
The Bad
- Fees
Fees
Classy offers straightforward service with flexible pricing, simplifying the crowdfunding process. Classy offers 3 different start up packages ranging from $0 to $1,499 for organizations to choose from based on their needs:- $0 for startup with 5% transaction fee
- $499/month with 2% transaction fee
- $1,499/month with 1% transaction fee
The Bottom Line
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Karl Andersson Rockville, MD
Overprized cold call driven company. Do not engage if you are smaller charity. It's not worth your precious funds.
7 years ago
Kathie Bowman Lakeside, CA
Very overprized. They seem to be a cold call driven company. Do recommend engaging if you are smaller company. It's not worth your funds or time
6 years ago
