How does DreamFund work?

General

What is DreamFund™?

Whether you are 16 or 60, DreamFund.com’s crowdfunded savings platform helps you fundraise and save the money you need for life-changing experiences, meaningful causes, and awesome purchases.

Will strangers fund my CrowdFunding Dream?

While the promise of crowdfunding is to bring in money from strangers, the reality is that the people in your circles of family, friends, community, etc. are the most likely to support you first. That’s why we have built all of our creation and sharing tools to help you activate those people through email and social posts that will inspire them to give to your Dream. Follow that with social media marketing tools that pre loaded with messages for you to share with your crowd to make raising funds even eaier!

How does DreamFund Work?

It’s easy to get started and fun to become successful with DreamFund.

  1. Create Your Page: Tell the story of your Dream in words and pictures so people know how and why to give.Make Your Promise: Publicly state how you’ll use the money and add rules that make sense for your Dream.
  2. Make Your Promise: Publicly state how you’ll use the money and add rules that make sense for your Dream.
  3. Share Your Dream: Choose your circles and use our “smart” social marketing tools to know what to say and when and where to say it.
  4. Receive Funds: It’s easy and safe for your Funders to give by credit card on a one time or recurring basis.
  5. Save and Spend: Keep your money with DreamFund for as long as you want, earn interest, and request withdrawals whenever you are ready.

Who uses DreamFund?

Anyone who wants to fundraise or save money for something important to them. Whether you want to crowdfund money for yourself, your friends, your family, your community, or a charity, the DreamFund platform gives you the tools you’ll need to succeed.

Can kids use DreamFund too?

DreamFund is the first family-friendly crowdfunding and savings platform. Teenagers between the ages of 13-17 can use the site with adult approval. Those 12 and under have to Dream with a parent.

What types of Dreams do people create on DreamFund?

DreamFund is home to all sorts of crowdfunding Dreams. Whether you are raising money for medical expenses, financing a new creative project or small business venture, making a donation to your favorite charitable organization, saving for an amazing trip, paying for education, or pooling money for a group expense... we’re set up to help you succeed.

What does Crowdfunded Savings mean?

The idea of crowdfunding is pretty simple – it means a bunch of people contributing small amounts of money to help build a larger pool of money to cover expenses for something. At DreamFund we don’t just help you get money through crowdfunding, we help you grow it by opening a DreamFund Savings Account for each of your Dreams and paying interest on the money in your accounts. That way you can keep the money safe and growing until you are ready to spend it. We call that crowdfunded savings.

Why do people contribute to a Dream?

People give to Dreams for a wide array of reasons. They believe in the person behind the Dream or the cause it will benefit. They want to give back to their communities. They want to be involved with a cool new idea. In all of these cases, giving makes people feel good because they get to help others’ Dreams come true. And most people are happy to give to something important you are working towards once they know about.

With DreamFund’s rules and controls and FDIC-Insured savings account, the people who might give also know it’s safe.

How do you make your money? I mean, you guys have to eat.

Simply put, we make money when you do. We are working super hard to give you the advice and tools you need to promote your Dream to your circles of friends, family, and community and make it easy for them to give. So when they contribute some money, we’ll charge a small crowdfunding fee. And if it’s your Dream, we never charge you a crowdfunding fee for your own deposits into your account. Ever. Just the credit card fees that the processors charge us. More details on all this later.

How does DreamFund protect against fraud?

The DreamFund community is based on honesty and transparency, and we expect all of our Members to act in that way. Because we are focused on saving and raising money for and from friends, family, and community, any fraud would be a violation of personal trust.

To support that philosophy, we have built controls into DreamFund’s platform to help ensure that the money raised on our site will be used as intended. Every Dream comes with a social contract in the form of our Dreamer’s Promise™, and Dreamers (the person running the Dream) can choose to add additional rules, such as requiring Sponsor approval on all withdrawals, rules restricting where the money can be spent, and even having the withdrawal check made out directly to a designated organization or business. For more, view our Terms of Use.

How do I contact support?

It’s easy to get help from DreamFund. Just fill out our support form and the DreamSquad will return your message as soon as possible. 

For Dreamers

Why use DreamFund?

DreamFund combines crowdfunding and online savings to make it easy to raise, save and spend money for your Dreams, whatever they are. It only takes minutes to get started. It’s free to set up a Dream, and you earn interest on the money you raise. We provide awesome marketing tools for your Dream and make it easy to know what’s going on with the Dream Dashboard and what to do next with our Dream Boosters. Simply put, whether your Dream is 2 months or 20 years long we give you the tools and advice to help you get the money you need.

What types of Dreams do people create on DreamFund?

DreamFund is home to all sorts of Dreams. Whether you are raising money for medical expenses, financing a new creative project or business venture, making a donation to your favorite charitable organization, saving for an amazing trip, paying for education, or pooling money for a group expense... we’re set up to help you succeed.

How do I know what to say to get people to visit and fund my Dream?

Whether you are just getting started or deep into your Dream, we’ll help you with what to say and where to say it every step of the way. Whenever you log in to DreamFund, there will be Dream Boosters telling you what you can do today to drive action on your Dream based on your Dream type and what you have or have not done recently.

Why should I add a Sponsor to my Dream?

Having a Sponsor makes people more likely to give in two primary ways. First, it inspires confidence among potential Funders that their money will be used appropriately because someone is keeping an eye on how you spend it. Second, it increases the size of your circles by adding your Sponsor’s network to your Dream and encouraging your Sponsor to promote your Dream to their friends, family, and community as well.

What’s with all the rules?

Every Dream is different, and that means the relationship between you and your Funders is always going to have different requirements. We want to let you make the Dream work for you while also working hard to ensure that your Funders are treated with respect and honesty. That’s why we’ve built in optional spending controls, fundraising tools, and more to help you create the Dream that works for you and your Crowd. If you change a rule or Sponsor during the course of the Dream, DreamFund will notify all of your Funders directly. Read how each rule works below.

How long does a Dream run?

The length of a Dream is completely in your control and totally depends on your goals. From short-term projects lasting just weeks to long-term goals like a college fund or retirement savings, we let you Dream for as long or as short as you want. If you choose to run and All or Nothing Dream, where credit cards are not charged until your target amount is reached, the Dream length is limited to 90 days.

Is my money safe?

Absolutely. Funds contributed to your Dream are put in a DreamFund savings account and are FDIC-insured to the maximum extent allowed by law. We keep our legal team busy by making sure we operate within the rules and regulations that you would expect from a bank.

If I don’t reach my goal, do I still get my money?

That’s up to you. We have two types of Dreams for you to choose from, our standard Dreams and “All or Nothing” Dreams. We believe that you shouldn’t be left with nothing or forced to pay higher fees just because you didn’t get to 100% of your goal. And once you receive funds, your money is your money, as long as it’s spent within the rules of the Dream.

What is an “All or Nothing” Dream?

An “All or Nothing” Dream means that your Funders’ credit cards are only charged if you reach 100% of your goal amount by your target date. This type of Dream is designed for short-term fundraising – 90 days or less - and/or when you can’t live your Dream without the complete amount. For example, if you are launching a new product and need 100% of the money to build it.

All or Nothing Dreams lower the risk for your Funders because they know you’ll get enough to make their gift worthwhile. They also inspire fast funding. Deadlines are amazing things.

You can make your Dream an All or Nothing Dream by turning on the rule during the creation or edit process.

What is a DreamFund savings account?

Whenever one of your Dreams receives funds they are deposited into an FDIC-insured, interest-bearing savings account. Your money can stay in this account for as long as you want and you can see your account balance, fees, interest, and statements within Mission Control or your Dream savings page.

How long does it take to get my money from DreamFund?

When you submit a withdrawal request to take money from your DreamFund account, your money typically will be delivered within 2-10 business days, depending on any regulatory or compliance issues. If your Dream requires Sponsor approval for your spending and withdrawals, there may be a slight delay while the approval process takes place.

How do I choose my “Circles”?

Every Dream has a different "Circle." In some cases you’ll want to tap into the broader community, in others you may only want to reach out to close friends and family. The power is in your hands to choose the right privacy settings and sharing strategy to reach your circles. We’re here to help.

How do I control who can see my Dream?

When you create your Dream, you can set privacy settings for your Dream. You can change this setting at any time.

  • Public: For maximum crowdfunding exposure. Anyone on the Internet can find and access your Dream though search engines or our site’s search feature.
  • Anyone with the link: Anyone who has the link can access the Dream. We will not include your Dream in our site search results or on search engines.
  • Private (Coming soon): Only people you put on an authorized list can access your Dream. Sign-in required.

How do I communicate with my “Circles”?

We’ve developed personalized marketing tools to help you gather support and funds from your circles. Your Dream Boosters will tell you what to do next while you can easily send out messages from the Share page. It’s simple to choose a type of message (e.g., announcing your Dream, celebrating a milestone, asking for funds instead of birthday or holiday gifts), select your networks (Email, Facebook, and/or Twitter) and get the word out without ever leaving DreamFund.

Can I edit my Dream after it is published?

Yes. If it is an All or Nothing Dream, you cannot change the target amount, target date, or the rules. Any changes to the rules for a standard Dream or naming a new Sponsor will trigger a notification to your Funders.

Are my contacts safe from SPAM emails?

We hate SPAM – the food and the marketing practice! When you add your contacts to DreamFund, you are making it easier to send invitations and updates to your circles through our website. Your contacts are yours, and we won’t directly send email to your contacts unless we get their permission through their own use of DreamFund. View our Privacy Policy

Why should I connect DreamFund to my Facebook and Twitter accounts?

Connecting to your social networks makes it easier to share your Dream from within DreamFund using our pre-written messages and to find other people in your network who are also using DreamFund. If you choose not to authorize DreamFund to post on your behalf, you can always manually share your Dream Page on whatever network you choose.

How long does it take to create a Dream?

Dream creation takes just minutes, and you can add to or edit your Dream after it has been published.

How many Dreams can I run at once?

You can run as many Dreams at a time as you want on DreamFund. While you don’t want to tire out your circles by asking for help all the time, there’s no reason you can’t have a short term Dream like a charity walk going at the same time as a college fund.

Does DreamFund promote my Dream for me?

In some cases we will feature a Dream on our website or in our emails; however, the biggest driver of your success will be your own sharing via email and social networks using our awesome sharing tools.

How much does DreamFund cost?

DreamFund is free for the Dreamer. When you succeed, we succeed. That means when you raise money from other people we take a small percentage. For Basic Members, we charge a crowdfunding fee of 5%. For DreamFund Prime Members, we charge a 2.5% crowdfunding fee. There is also a credit card processing fee of 2.9% plus .30 per transaction that we pass along. See our entire fee structure here.

How does a Prime membership work?

With a DreamFund Prime membership you can cut your crowdfunding fees in half (among other great benefits) for you and four additional people of your choosing. If you're raising more than $4000 a year, the savings from Prime covers it’s cost.

How old do I need to be to create a Dream?

Currently, you must be 13 or older to create a Dream on DreamFund. Stay tuned though, DreamFund will soon be available for Dreamers of all ages!

If I am under 18, how does my DreamFund Savings Account work?

When a child under 18 has money with DreamFund those funds are kept in a custodial account in the name of both the child and the adult who has agreed to be the Sponsor of the Dream and custodian of the DreamFund Savings account. All funds deposited in this account irrevocably become the owned property of the minor beneficiary but are to be managed for the minor’s benefit by a legal custodian of the assets until the minor reaches legal age as determined by applicable state law.

Can I offer Rewards to Funders of my Dream?

Yes! Currently, we have a built in Rewards platform to help you add, promote, and track Funder Rewards. Please note that DreamFund isn’t responsible for the fulfillment of Reward; that’s between you and your Funders.

Can I raise money for a charity?

Yes, we love charitable Dreams! One of the first things we will ask you when you create a Dream is who will get the money raised. If you choose a charitable organization you can enter them name right there. For charitable Dreams, all withdrawals are sent directly to the charity. Note: for the time being, donations to Your Dream will not be tax deductible for your Funders.

How can gifts to my Dream be tax-deductible for Funders?

If the beneficiary of your Dream is a registered 501(c)(3) non profit organization, we will set up the associated DreamFund Savings account in that organization’s name and lock the “Pay to the Order of…” rule so that we will only make withdrawal checks payable to that organization.

I work for a charitable organization, can DreamFund be my fundraising platform?

Yes, absolutely! We’ll just need to gather your official Tax ID as part of the Dream creation process. We can also help you set up a peer-to-peer fundraising template that your supporters can use to raise money on your behalf using messages and images you’ve created. We may even be able to help you promote your Dream, just shoot us an email.

Does DreamFund issue donative letters for tax-deductible Dreams?

Yes! 5 days after we receive payment on a Dream that benefits a registered 501(c)(3) non profit organization a donative letter will be issued to the funder.

Can non-charitable organizations use DreamFund?

Certainly. You can create a Dream and associated savings account under your personal name and use a screen name and image that makes it clear that you are an organization, not just a single person. In some cases, we may need additional information from you to correctly set up your account and confirm that you are an authorized representative of the organization.

How do you handle my personal information?

DreamFund will never sell, rent, or loan any personal information that you give us. It’s that simple and clear. But you can read more here.

What is your security policy?

You’re trusting us with the money for your Dreams, so we take security very seriously. Simply put, we aspire to meet and exceed industry standards. Read more.

Why do you need my Social Security Number or Tax ID Number?

To set up a savings account in your name and to pay interest on the money you raise, we’re required to comply with numerous regulations. As part of that process, we need to verify your personal information by asking select questions and collecting your Social Security number. We take privacy very seriously and will never share any of your personal information unless legally required to.

I live outside of the United States, can I run a Dream on DreamFund?

Unfortunately we can only have Dreamers living in the United States right now. Check back though, we’re going to make DreamFund available across the globe over time.

For Funders

How do I know my money will be used as intended?

We have built controls in the DreamFund platform to help ensure that the money raised on our site will be used as intended. Every Dream comes with a social contract in the form of our Dreamer’s Promise, and Dreamers (the person running the Dream) can choose to add additional rules such as requiring Sponsor approval on all withdrawals, limiting where the money can be spent, and even having the withdrawal check made out directly to a designated organization or business. The DreamFund community is based on honesty and transparency, and we expect all of our Members to act in that way.

Note: If a Dreamer changes the rules or Sponsor of a Dream, all Funders will be sent a notification in case they want to request a refund based on the change.

Can I contact the Dreamer with questions?

If you have questions relating to any Dream, you can contact the Dreamer by clicking the “Contact the Dreamer” button on the Dream Page (just below the main image). We strongly encourage, but can’t require, that people respond promptly to any inquiries. For Dreamers who are minors, a copy of any message will be sent to the parent/guardian.

Is my transaction safe?

As a financial institution we take security very seriously. All of the funds deposited into our Dreamers’ accounts are FDIC insured to the maximum extent permitted by law. We have numerous data protection systems in place for taking and sending payments and only partner with third-party processors who are recognized as being safe and secure.

What’s with all the rules?

Every Dream is different, and that means the relationship between a Dreamer and their Crowd is always going to have different requirements.

We want to let you make the Dream work for the Dreamer while also doing our best to ensure that all Funders are treated with respect and honesty. That’s why we’ve built in optional spending controls, fundraising tools, and more to help Dreamers create a Dream that works for them and their Crowd. If a rule or a Sponsor is changed at any time during the course of a Dream you funded, you will receive a notification from DreamFund. Read how each rule works.

What does a Sponsor do?

Sponsors can play a critical role in overseeing the mission and promotion of a Dream. In some cases, the Sponsor approves every withdrawal request to ensure the money is being used as intended. In others, Sponsors help promote the Dream and drive success. And still in others, Sponsors act as a coach to the Dreamer, helping improve the Dreamer’s message and keeping their Crowd informed.

A Dreams says that the money goes to charity, how do I know my money will actually go to the designated charity?

If the beneficiary of your Dream is a registered 501(c)(3) non profit organization, we will set up the associated DreamFund Savings account in that organization’s name and lock the “Pay to the Order of…” rule so that we will only make withdrawal checks payable to that organization.

Is my contribution tax-deductible?

Most contributions to Dreams on DreamFund are not tax-deductible, unless the Dream is being run in a specific manner by a registered 501(c)(3) organization. If you have questions about eligibility, please contact your tax advisor or the person running the Dream.

How do I start my own Dream?

It only takes a few minutes to start a Dream. Just click on the “Start a Dream” button at the top of the Page, answer a few questions, and start sharing with the world.

How do I contact support?

It’s easy. Just fill out our support form, and the Dream Squad will return your message as soon as possible. 

How do you handle my personal information?

DreamFund will never sell, rent, or loan any personal information that you give us. It’s that simple and clear, but you can read more here.

Does DreamFund issue donative letters for tax-deductible Dreams?

Yes! 5 days after we receive payment on a Dream that benefits a registered 501(c) (3) non profit organization we will issue a donative letter to the funder.

Are refunds available?

On any Dream where the “Refunds Allowed” rule is turned on, a Funder can request a refund from the Dreamer if the Dreamer has changed their goal, the rules of a Dream, etc. The Dreamer must approve your refund request for the transaction to be processed and may incur fees. Note that any gift given to a minor can’t be refunded. For more information, read our Terms of Use.

Why should I become a DreamFund Member?

Becoming a DreamFund Member allows you to easily track all of the Dreams you’ve supported, and create recurring gifts to fund a Dream. It also makes it easy to set up your own Dream Page and start chasing your own Dreams. And, a basic membership is always free!

For Sponsors and Parents

What does a Sponsor do?

As a Sponsor, you play a critical role in overseeing the mission and promotion of a Dream. In some cases, Sponsors approve every withdrawal request to ensure the money is being used as intended. In others, Sponsors help promote the Dream and drive success. And in others Sponsors act as a coach to the Dreamer, helping them improve their message and keep their circles informed.

Sponsors have full access to a Dream, can add updates, share with their own networks, and review all Dream activity and results. If the Dreamer is under 18 you will also serve as the legal custodian for the UGMA/UTMA DreamFund Savings Account.

For the legalese around being or having a Sponsor, please read here.

How do I accept or decline my role as Sponsor?

Once you login to your DreamFund account (you may need to create an account first) you can review the Dream and accept or deny the role.

I’m not sure I want to Sponsor a Dream, what should I do?

Sponsoring a Dream can be a major or minor commitment, depending on the circumstances. If you’re unsure, we recommend having a conversation with the Dreamer to make sure you are on the same page about your role and the goals of the Dream.

Why do you need so much information for me to sponsor a child’s Dream?

By signing on as the Sponsor of a Dream for a child between the ages of 13-17, you are becoming the custodian on their DreamFund Savings account and will approve all withdrawal requests. Like any bank account, that requires you to complete a few questions so we can protect against fraud. It’s in the best interest of the child.

How does a savings account for a child work on DreamFund?

When a child under 18 has money with DreamFund those funds are kept in a custodial account in the name of both the child and the adult who has agreed to be the Sponsor of the Dream and custodian of the DreamFund Savings account. All funds deposited in this account irrevocably become the owned property of the minor beneficiary but are to be managed for the minor’s benefit by a legal custodian of the assets until the minor reaches legal age as determined by applicable state law.

If you are uncertain if donating to an UTMA/UGMA account is an appropriate choice for you, DreamFund encourages you to seek independent legal, tax, investment and/or estate-planning advice.

I am not the Dreamer’s parent, how do I complete the W-9 form?

You’ll need to contact the Dreamer or their parent to gather all of the necessary information for the W-9 form. This is just one of the ways that we strive to ensure all tax laws are being followed and protect against Dreamer fraud.

Are my contacts safe from SPAM emails?

We hate SPAM – the food and the marketing practice! When you add your contacts to DreamFund, you are making it easier to send invitations and updates to your Crowd through our website. Your contacts are yours, and we won’t directly send email to your contacts unless we get their permission through their own use of DreamFund. View our Privacy Policy.

Why should I connect DreamFund to my Facebook and Twitter accounts?

Connecting to your social networks makes it easier to share the Dream your Sponsor from within DreamFund using our pre-written messages and to find other people in your network who are also using DreamFund. If you choose not to authorize DreamFund to post on your behalf, you can always manually share your Dream Page on whatever network you choose.

How much does DreamFund cost?

DreamFund is free for the Dreamer. When they succeed, we succeed. That means when money is raised from other people we take a small percentage. For Basic Members, we charge a crowdfunding fee of 5%. For Prime Members, we charge a 2.5% crowdfunding fees. See our entire fee structure here.

How does a Prime membership work?

As a Sponsor, you’ll automatically become a Basic DreamFund Member. With a DreamFund Prime membership you cut your crowdfunding fees in half on your own Dreams (among other great benefits) and can add up to four additional people of your choosing to get the same deal. If you or one of your associated Members is raising over $4000 a year, the savings from Prime covers its cost. See our entire fee structure here.

Membership, Fees, and Savings

What is a Prime membership?

You can upgrade your membership at any times to a DreamFund Prime membership which gives you access to lower fees and other great benefits. With a DreamFund Prime membership your crowdfunding fees are cut in half for your Dreams and the Dreams of four additional people.

What does DreamFund Prime cost?

DreamFund Prime costs $99 annually, which means if you and/or your Associated Prime Members are raising a total of $4000 or more a year, the savings from Prime covers its cost. See our entire fee structure here.

What is an Associated Prime membership?

DreamFund Prime Members can add up to 4 Associated Prime Members to their account from their membership page in Mission Control. Associated Prime Members get all of the benefits of a Prime Member without paying any additional fee. For as long as the primary Prime Member maintains their status, so does the Associated Prime Member.

How do I pay for my Prime membership?

Upgrading to Prime is easy. Just click on “Upgrade” in your Mission Control or membership page and choose how you’d like to pay for your annual membership – by card or out of one of your existing DreamFund Savings accounts. Your membership will renew automatically on an annual basis using the payment method you selected.

How do I cancel my Prime membership?

We don’t think you’ll want to cancel Prime, but if you do just contact support and we’ll take care of it for you. Even if you cancel, you and your Associated Prime Members will keep all the benefits of Prime until your annual membership expires.

How do crowdfunding fees work?

Dreamers are never charged a crowdfunding fee for contributions to their own Dream. Ever. For everyone else, each contribution made to a Dream is charged a small crowdfunding fee. For Dreams from Basic Members, the fee is 5% of each contribution. For Dreams from Prime and Associated Prime Members, the fee is 2.5% of each contribution.

What interest rate do I get on my DreamFund savings account?

We work with our banking partners to pay you market-rate interest on your account. You can see our latest interest rate here.

How does FDIC pass-through Insurance work?

Our banking partners provide pass-through insurance of up to $250,000 of the money raised in your Dream. So, if something happens to DreamFund that money is 100% safe.

How do I get my monthly statements and tax forms for each of my accounts?

On a monthly basis we will send you an email with a notification that your statement is ready. You can always find this information in the Savings section of Mission Control. On an annual basis tax forms will be sent via email and can be accessed through the Savings section of Mission Control.

How do I withdraw my money?

To request a withdrawal from your account, click the “Withdraw Funds” button on your Savings page then complete the form. When you submit a withdrawal request to take money from your DreamFund account, your money typically will be delivered within 2-10 business days, depending on any regulatory or compliance issues. If your Dream requires Sponsor approval for your spending and withdrawals, there may be a slight delay while the approval process takes place.

What happens if I don’t complete my account information?

By law, we are required to verify your identity before we can set up an account in your name. If you don’t complete your “Know Your Customer” account information within 30 days of your first funding we have to return the money to your Funders. If your Dream is an “All or Nothing” Dream then we will not charge your Funders’ cards until you complete your account information, even if you hit your goal amount.

How do you calculate available balance?

Your available balance is a total of cleared funds minus withdrawals and fees, plus interest. The withdrawal availability of any account balance may be subject to further restrictions depending on the rules for any given Dream.

What are all of the fees?

You can see our entire fees for Basic, Prime, and Associated Prime Members here.

About Rules

DreamFund has a number of optional rules designed to increase each Dream’s effectiveness and help Funders feel confident that their money will be used as intended. Below is a description of each of our rules and why they may be useful.

The "Allow Refund Requests" Rule

Definition: This Dream allows refunds requests.

Why allow refunds?

Allowing refund requests helps add to the power of your Promise, so people know that if a Dreamer changes their plans or mission for whatever reason they can potentially get their money back.

  • Refunds may be to an individual, selected Funders, or everyone.
  • Refunds are minus any associated fees. We’ll show you the math.
  • This rule is not allowed for Dreamers under 18 based on legal regulations.
  • All decisions concerning refunds are at the sole discretion of the Dreamer.

The “All or Nothing Dream” Rule

Definition: Funder credit cards will not be charged until the Target Dream Amount is reached or surpassed before the Target Date is passed.

Why go All or Nothing?

This kind of Dream lowers the risk for Funders because they know that the Dreamer will get enough money to make their gift worthwhile and be able to fulfill any associated Reward. It also inspires fast funding. Deadlines are amazing things.

  • The completion date has to be 90 days or fewer from the Publish date on an All or Nothing Dream.
  • Funders’ credit cards are not charged until your Dream reaches 100% of the goal. Every gift after that is charged right away.
  • If you do not reach 100% of the goal by the Target Completion Date, your Funders will be notified and no one will be charged.
  • Once funds have entered your account they will be deposited into a DreamFund savings account to earn interest until you are ready to withdraw them.

The “Spending Requires Sponsor Approval” Rule

Definition: With this rule, the Sponsor must approve all spending/withdrawals for this Dream.

Why require Sponsor Approval?

Funders will feel even better about supporting a Dream if there is someone else helping make sure the money is spent as intended. Each withdrawal request includes a description of how the money will be used and is subject to approval.

  • Your Sponsor’s job is to make sure that every withdrawal keeps your Promise to your Funders.
  • You must have a named Sponsor to use this rule.
  • More details are available in Our Terms of Use.

The “Pay to the Order Of…” Rule

Definition: This rule means that the money raised in a Dream only be withdrawn in a check with the name of a specific payee named in the Dream. This rule is locked on for Dreams where a registered 501(c)(3) is the beneficiary and in other cases where the Dream template is controlled by a DreamFund partner.

Why use this rule?

It’s what we call fraud-protected fundraising. Basically, your funders will feel more confident and perhaps be more likely to give if they know that you can’t just take the money and run. You’ll actually use it as intended.