FAQ - For Potential Donors
What is crowdfunding?
It is the action of raising a reasonable amount of funds from a large number of small donations. These gifts are usually obtained from friends and social networks with the objective to raise funds for one unique cause or project.
How is iFundMac.ca different from other micro funding sites?
• All contributions to any of the projects listed are charitable donations and will receive an official tax receipt from McMaster University.
• There are no fees associated with iFundMac.ca
– for example, if you give $100, the entire amount will go to fund your chosen project.
• All gifts will support McMaster University projects and help advance research, teaching and learning.
What happens if the project is unsuccessful?
If the project does not reach its goal and the amount raised is not of use to the project, the funds raised will be rolled up into a general fund in the same area of interest. For example, if a specific Student Bursary project doesn’t reach its goal, the gifts will go towards the general Student Bursary Fund.
Is my information secure?
Yes. McMaster University complies with all CRA (Canada Revenue Agency) Rules
Can I contribute anonymously?
Yes. You can always opt to make your gift anonymously.
Will the amount of my gift be published/displayed?
The amount of your gift will be added to the total dollars raised towards a certain project’s goal but no names will be listed.
Can I pay by cheque?
Although it is encouraged to use our safe and secure on-line portal to make the donation, we understand that some individuals prefer to use other methods. If you would prefer, you can send a cheque specifying the project you would like to support and including your home address for your charitable tax receipt to:
1280 Main Street West
Hamilton, ON L8S 4K1
Who should I contact if I have more questions?
Please email [email protected]
or call the Alumni Advancement Office at 905-525-9140 ext. 24224.
Is there a limit amount I can donate using the on-line portal?
McMaster University offers a safe and secure website for financial transactions of all sizes. Therefore, there is no upper limit to the system.
What if I want to give to a different McMaster priority or make an ongoing pledge or tribute gift?
McMaster University’s main giving web site www.givetomcmaster.ca
accepts a variety of gifts and contributions to any of McMaster’s charitable funds. Simply go to givetomac.ca
for other options or call 905-525-9140 ext. 24224 for further details.