Is Virgin Money Giving closing?

Is Virgin Money Giving closing?

After 12 years of supporting charities and fundraisers, Virgin Money Giving closed in November 2021. In that time, over 20,000 charities and more than a million fundraisers have raised over £1 billion.

Why is Virgin giving closing?

Virgin Money Giving has been closed because its parent company – Virgin Money – is no longer prepared to pay for a service that doesn’t pay for itself.

How much does Virgin Money Giving take?

Virgin Money Giving (VMG) will waive its platform fee on all donations until the end of lockdown. The platform will will not charge its fee, which is normally set at 2%, on all donations and fundraising activity from 18 April.

What does Virgin Money sponsor?

Virgin Money will close its online fundraising platform on 30 November when its partnership with the London Marathon comes to an end. The website, Virgin Money Giving, was created as part of the company’s sponsorship of the London Marathon, and the final event sponsored by Virgin Money takes place in October.

Does JustGiving charge a fee?

We deduct the payment processing cost on each donation of 1.9% + 20p. If the donation is made is a currency other than GBP, the processing fee becomes 2.9% + 20p….What fee do you take from my donation?

Is Virgin Money Giving a charity?

Since 2009, for example, VMG has supported more than 20,000 charities and raised more than £900 million. Alongside JustGiving, VMG was one of the most recognisable platforms in the UK charity sector. The closure of VMG raises questions about the future of online fundraising platforms.

Does JustGiving make a profit?

Profits at the online fundraising platform JustGiving more than doubled in 2019 after it recorded double digit growth in charity sign-ups, latest figures show. The company’s accounts for 2019 show it recorded a profit of nearly £9.4m, a £5.6m increase on the previous year.

Does JustGiving take a percentage?

We no longer have a 5% fee on each donation, instead, we now ask donors to add a small contribution on top of their donation to help keep us running and improving.

How long has Virgin Money sponsored the London marathon?

The platform, which was established when the Virgin Money bank began sponsoring the marathon in 2009, is set to close next month after the sponsorship deal comes to an end. In a statement, it said that marathon runners had raised a total of £237.3m for charity through Virgin Money Giving over the past 12 years.

Does JustGiving take a cut?

Who is Virgin Money Giving owned by?

CYBG plc
In June 2018, Virgin Money agreed to a takeover by CYBG plc which was completed in October 2018. Virgin Money was merged into Clydesdale Bank plc on 21 October 2019, continuing as a trading name and operating under Clydesdale Bank plc’s banking licence.

Is JustGiving secure?

Once on the JustGiving platform, payment card data is encrypted and securely stored in our dedicated hosting facilities at our data centre. Donors also receive a donation receipt via email as soon as they’ve made a donation, so they know their donation reached their chosen charity successfully.