Pledgix One Terms & Conditions

Pledgix One lets individuals and organizations raise funds under the charitable umbrella of Pledgix Charitable Fund Inc., a New York nonprofit corporation exempt under Section 501(c)(3). Because donations are made to the Fund itself, campaigns in this program operate under the strict fiscal-sponsorship rules below — in addition to the General Terms & Conditions. Every Pledgix One campaign creator must accept these Terms at campaign creation; acceptance is recorded permanently.

1. The Fiscal Sponsorship Relationship

These Pledgix One Terms & Conditions (the "Pledgix One Terms") are a binding agreement between the person or organization creating or operating a Pledgix One campaign (the "Creator," "you") and Pledgix Charitable Fund Inc. (EIN 42-2469202), a New York State nonprofit corporation exempt under Section 501(c)(3) of the Internal Revenue Code (the "Fund"), together with Pledgix LLC (EIN 42-2101964), which operates the technology platform (together, "Pledgix," "we," "us").

A Pledgix One campaign is a fiscally sponsored fundraising project: donations made through the campaign are charitable contributions to the Fund — not to you. The Fund receives, holds, and controls all donated funds and may, in its discretion, make grants or disbursements to or for the benefit of the campaign's stated charitable purpose. You are not an agent, employee, partner, or representative of the Fund, and you may not represent yourself as one, or as a 501(c)(3) organization, at any time.

Variance power. You acknowledge and agree that the Fund retains complete, absolute, and unconditional discretion, control, and legal ownership over all funds raised through a Pledgix One campaign, including the unilateral right — without your consent — to modify, restrict, or redirect the use of any funds to another purpose or beneficiary consistent with the Fund's charitable mission if, in the Fund's sole judgment, the campaign's purpose becomes impossible, impracticable, unlawful, or inconsistent with the Fund's tax-exempt status. This variance power is a condition of every donation and of your participation in the program.

2. Relationship to the General Terms

The Pledgix Terms & Conditions and Privacy Policy are incorporated into these Pledgix One Terms and continue to apply to your use of the Platform. If these Pledgix One Terms conflict with the General Terms with respect to a Pledgix One campaign, these Pledgix One Terms control. Acceptance of these Pledgix One Terms is recorded permanently (document identifier, version, timestamp, accepting user, and IP address) when you create a Pledgix One campaign, and that record is conclusive evidence of your agreement.

3. Eligibility, Application & Verification

Participation in Pledgix One is a privilege extended at the Fund's sole discretion. To be eligible for approval and payouts, you must complete the compliance process, which includes:

Submitting truthful, complete identity and verification documents on request — including government-issued photo ID and supporting documentation of the campaign's stated need (e.g., a physician's letter, clergy or communal letter, utility bill, invoices, or equivalent evidence).
Passing the Fund's compliance review, which may include identity verification, sanctions and watch-list screening, and review of the campaign's purpose and content.
Keeping all submitted information current and promptly notifying us of any material change in circumstances.

Approval may be granted, denied, conditioned, or revoked at any time, with or without stated reason. Campaigns may accept donations while under review, but no payout will be made before approval, and funds raised by a campaign that is ultimately rejected will be handled under Sections 13 and 16.

4. Charitable Purpose Restrictions

Every Pledgix One campaign must serve a purpose consistent with Section 501(c)(3) — charitable, religious, or educational — as determined by the Fund. Campaigns for personal circumstances (for example, medical expenses, hardship relief, or celebration-related needs such as wedding costs for a family in need) are permitted only where they meet the Fund's charitable criteria, including demonstrable financial need and consistency with the Fund's exempt purposes. You must not use a Pledgix One campaign for:

Private benefit or inurement beyond the approved charitable purpose — funds may not be diverted to unrelated personal enrichment.
Political campaign intervention of any kind, or lobbying activity.
Business ventures, investments, loans, or anything commercial in substance.
Any unlawful purpose, or any purpose involving sanctioned persons or jurisdictions.

The Fund's determination of whether a purpose qualifies — at approval and at any time afterward — is final and binding.

5. Evidentiary Proof on Demand

The Fund may, at any time and for any reason — before approval, during the campaign, or after disbursement — demand documentary proof of the need described in the campaign, of your identity, and of how disbursed funds were or will be used (including receipts, invoices, bank records, and third-party attestations). You must provide the requested proof within ten (10) days of the request (or the shorter period the Fund specifies). Failure to provide satisfactory proof is grounds for immediate freeze of funds, suspension or termination of the campaign, denial of payouts, and clawback of amounts already disbursed.

6. Compliance Review & Approval Status

Each Pledgix One campaign moves through a compliance pipeline — pending documents, documents submitted, in review, and then approved, action required, or rejected. These statuses are contractual states:

Approved means the Fund has approved the campaign for payouts subject to these Terms, the reserve, and any campaign-specific conditions communicated to you. Approval is revocable.
Action required means you must supply additional information; the campaign and its funds may be restricted until resolved.
Rejected means the campaign does not meet the Fund's criteria; donations stop, and funds are handled under Sections 13 and 16.

The Fund may re-open review of any approved campaign at any time, including in response to donor complaints, chargeback activity, media reports, or regulator inquiries.

7. Rolling Reserve & Fund Holds

Rolling reserve. The Fund withholds a rolling reserve of ten percent (10%) of each donation's proceeds, held for a period of three (3) to six (6) months from the date of the donation (as determined by the Fund based on campaign risk), to cover potential chargebacks, refunds, disputes, and processor reversals. Reserve amounts are released on the schedule the Fund sets, net of any amounts applied to losses.

In addition to the rolling reserve, the Fund may:

Apply a payout hold period after approval before disbursements begin.
Increase the reserve percentage or extend the hold period for elevated-risk campaigns, with notice.
Freeze any or all funds during an investigation, compliance re-review, chargeback spike, or evidentiary demand under Section 5.

No interest is paid on held or reserved funds.

8. Fees

A platform fee of zero percent (0%) to five percent (5%) of each donation applies to Pledgix One campaigns, as configured for your campaign and shown in your dashboard, plus payment-processing fees charged by the payment processors. All fees are deducted from donation proceeds before reserve and payout calculations. You assume one hundred percent (100%) liability for these fees: they are earned when each donation is processed, are non-refundable, and remain payable (and may be offset against held funds, reserves, or future proceeds, or invoiced to you directly) even if a donation is later refunded, reversed, or charged back, or if the campaign is suspended or terminated.

9. Payouts & Disbursements

Disbursements from a Pledgix One campaign are discretionary grants from the Fund in furtherance of the approved charitable purpose — they are not wages, contract payments, or amounts to which you have an automatic entitlement. Payouts:

Are initiated only after compliance approval, expiration of applicable hold periods, and the Fund's review of each payout.
Are made only to payout methods you have registered and we have verified (bank transfer, check, or approved electronic payment).
May be issued, in the Fund's absolute discretion, as a grant in an amount up to — but in no event exceeding — the campaign's net proceeds (gross proceeds less platform and processing fees, the rolling reserve, and any offsets for chargebacks, refunds, or amounts you owe). No formula, calculation, dashboard display, or course of dealing creates an entitlement to any particular payout amount, or to any payout at all.
Have no guaranteed timing; the Fund determines the schedule of disbursements.

You must use disbursed funds solely for the approved purpose and must retain records of use for at least four (4) years, producing them on demand under Section 5.

10. Chargebacks, Refunds & Clawback

You are strictly and fully responsible for all chargebacks, payment disputes, reversals, and refunds on your campaign, including all associated processor fees and penalties, regardless of fault. Such amounts are recovered first from the rolling reserve and held funds, then from future proceeds, and — where those are insufficient — you must repay the shortfall within ten (10) days of demand. If funds were disbursed for a campaign later found to be untruthful, ineligible, or misused, the Fund may claw back the disbursed amounts in full, and you agree to repay them on demand.

11. Tax Matters

Because donations are made to the Fund, the Fund issues donor acknowledgments and tax receipts under its own name and EIN (42-2469202). You must not issue charitable receipts, promise any donor a tax deduction beyond what the Fund provides, or describe yourself as tax-exempt.

Amounts disbursed to you or for your benefit may constitute taxable income to you. You bear sole and absolute responsibility for your own tax obligations arising from the campaign — including income tax, self-employment tax, and any information-reporting consequences — and for consulting your own tax professional. Neither the Fund nor Pledgix LLC provides tax, legal, or accounting advice, and you agree that any IRS or state tax liability, penalty, or excise tax attributable to your campaign or your use of funds is your responsibility under Section 15.

12. Truthfulness, Anti-Fraud & Misuse of Funds

You hold absolute liability for the truthfulness of your campaign's claims. Every statement in your campaign — the story, the need, the beneficiary, the photos, and the intended use of funds — is your representation, made to the Fund and to every donor. A material misstatement or omission is a fraud on the Fund and its donors.

Misrepresentation, diversion of funds from the approved purpose, fabricated needs, identity fraud, or any other misuse will result in any or all of the following, at our sole discretion and without prior notice:

Immediate freeze of all funds and suspension or termination of the campaign and your accounts.
Forfeiture of pending payouts and clawback of prior disbursements.
Refunds to donors or redirection of funds under the variance power.
Referral to law enforcement, regulators (including the New York Attorney General's Charities Bureau), and payment networks, and cooperation with any resulting investigation or prosecution.

The Fund may audit any campaign at any time, and you agree to cooperate fully, including granting access to records evidencing the use of funds.

13. Freeze & Termination — Absolute Rights of the Fund

To protect its 501(c)(3) status, the Fund holds the absolute and unconditional right, exercisable at its sole discretion, immediately and without prior notice, to: (a) freeze any funds; (b) pause, suspend, or terminate any campaign; (c) deny or reverse any payout; and (d) terminate your participation in the Pledgix One program — whenever the Fund determines, in its sole judgment, that a campaign or Creator does not strictly meet its tax-exempt criteria, presents legal, tax, regulatory, or reputational risk, or has violated these Terms. The Fund's exercise of these rights is final and is not a breach of any obligation to you.

If a campaign is terminated or a Creator is disqualified, the Fund will apply any held funds — after fees, reserves, offsets, and any donor refunds the Fund elects to make — to such charitable purpose or purposes as the Fund determines in its sole and absolute discretion, in accordance with its variance power. The Fund has no obligation to select a purpose similar or related to the campaign's original purpose. You have no claim to funds so applied.

Dormant Campaigns

If, for a period of six (6) consecutive months, a campaign has no payout activity, or the Creator is unresponsive to the Fund's communications, the Fund reserves the right to declare the campaign dormant. Upon declaring a campaign dormant, the Fund may reallocate all remaining funds held for the campaign to the Fund's general charitable purposes under its variance power, without further notice to, or consent from, the Creator or any donor. You have no claim to funds so reallocated.

14. Your Representations & Warranties

You represent, warrant, and covenant, on an ongoing basis, that:

All information and documents you provide are truthful, accurate, complete, and not misleading, and all campaign content will remain so.
The campaign's purpose is lawful and funds will be used solely for the approved purpose.
You are at least 18 years old, are not listed on any OFAC or other sanctions list, and are not acting on behalf of any person who is.
You will not represent yourself as the Fund, as a 501(c)(3) organization, or as authorized to bind either Pledgix entity.
You will comply with all laws applicable to you, including tax and (where you solicit directly) charitable-solicitation laws.

15. Indemnification

You will defend, indemnify, and hold harmless Pledgix Charitable Fund Inc. and Pledgix LLC, and their respective directors, officers, trustees, employees, volunteers, and agents, from and against any and all claims, damages, losses, liabilities, judgments, settlements, penalties, fines, excise taxes, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your campaign, its content, and the truthfulness of its claims; (b) your use or misuse of donated or disbursed funds; (c) any donor claim, refund demand, chargeback, or dispute; (d) any tax claim, IRS or state examination, penalty, or excise tax attributable to your campaign or conduct; (e) any claim that your campaign jeopardized the Fund's tax-exempt status; and (f) your breach of these Pledgix One Terms or violation of law. This obligation survives termination. We may assume the exclusive defense of any indemnified matter, and you agree to cooperate fully.

16. Records, Audits & Public Disclosure

The Fund is subject to public-reporting and regulatory obligations, including IRS Form 990 filings and New York charities regulation. You agree that campaign information — including amounts raised, grants made, and campaign identity — may be included in the Fund's filings, disclosures, and registrations, and may be shared with auditors, regulators, and the Fund's professional advisors. You will cooperate with any audit, examination, or regulatory inquiry concerning your campaign, and will retain your own records of fund use for at least four (4) years.

17. Effect of Termination; General Provisions

Upon termination of a campaign or of your participation: donations stop; pending payouts are suspended pending final review; fees, offsets, clawbacks, and reserves are settled; and remaining funds are applied under the variance power (Section 13). Sections concerning variance power, fees, chargebacks and clawback, tax matters, truthfulness, indemnification, records, and dispute resolution survive.

These Pledgix One Terms are governed by New York law, and disputes are resolved by binding AAA arbitration in New York with a class-action waiver, as set out in Section 22 of the General Terms, which applies equally here (with the Fund as an intended beneficiary of that provision). We may update these Pledgix One Terms; material changes will be announced at least 30 days in advance where practicable, and continued operation of a Pledgix One campaign after the effective date is acceptance. Notices: contact@pledgix.com, or Pledgix Charitable Fund Inc., 10 Willow Dr., Suffern, NY 10901, United States.

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