SYSTEM AND METHOD FOR MANAGING TARGETED DONATIONS AND GIVING

• US 20080015980A1
• Filed: 08/17/2006
• Published: 01/17/2008
• Est. Priority Date: 07/11/2006
• Status: Abandoned Application

• Current Assignee: I-Donated, LLC
• Original Assignee: I-Donated, LLC
• Inventors: Sesek, Robert (Bob), Pereira, William L., Pereira, W. Cord
• Application Number:
  US11/465,400
• Publication Number:
  US 20080015980A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A system and method provides organizations and donors with the ability to transact targeted donations and gifts, which may include property, services and anything of value that can be sold, preferably in an online marketplace. When the item is sold, cash proceeds can flow to the beneficiary organization through an agent of the donor. The system allows for the donor to find and select a target beneficiary for funds generated by the sale of property, which may include the organization, campaigns, sub-campaigns and individual member accounts. The system allows beneficiary organizations to authorize, create and manage their own target beneficiary accounts for the organization, campaigns, sub-campaigns and individual member accounts.

Claims

1. A method for managing donations comprising:

establishing a primary beneficiary account for each of a plurality of beneficiary organizations;

presenting the beneficiary organizations with an interface that enables the beneficiary organizations to create a plurality of beneficiary sub-accounts within their corresponding primary beneficiary account;

listing donated property as being for sale on behalf of a donor without accepting title to the donated property; and

depositing at least some of the proceeds from the sale of the donated property into one or more beneficiary sub-accounts designated by the donor.

2. The method of claim 1, wherein each of the plurality of beneficiary organizations is a non-profit organization.

3. The method of claim 1, wherein at least one beneficiary organization is a for-profit organization.

4. The method of claim 1, wherein at least some of the beneficiary sub-accounts comprise campaign sub-accounts, program sub-accounts, or member sub-accounts.

5. The method of claim 1, wherein enabling the beneficiary organizations to create a plurality of beneficiary sub-accounts comprises providing one or more generic hierarchical tree templates that can be used by the beneficiary organizations to simplify the process of account setup and management.

6. The method of claim 1, further comprising enabling one or more third parties to provide a value-added service to increase the value or salability of the donated property.

7. The method of claim 1, further comprising offering rewards to donors as an incentive to encourage donation activity.

8. A method for distributing the proceeds from the sale of donated property comprising:

establishing one or more beneficiary accounts for each of a plurality of beneficiaries, wherein at least one beneficiary account comprises a target amount;

receiving the proceeds from the sale of property sold by a donor; and

donating the proceeds from the sale of the property to a plurality of beneficiary accounts based on one or more customized rules created by the donor for distribution of the proceeds,

wherein at least one of the customized rules defines a sequence for distributing proceeds to the beneficiary accounts based on their associated target amounts.

9. The method of claim 8, wherein the property is sold in an online marketplace.

10. A method for reporting donation transactions, comprising:

receiving donated property from a donor;

providing a first receipt to the donor at the time the donated property is received, the first receipt indicating the estimated fair market value of the donated property;

selling the donated property in an online marketplace; and

determining whether the selling price of the donated property differs from the estimated fair market value by more than a selected threshold amount and, if so, providing the donor with a second receipt indicating the selling price of the donated property.

11. The method of claim 10, wherein the selected threshold amount is greater than zero.

12. A method for managing donations comprising:

receiving a cash donation from a donor, as well as donated property to be sold in an online marketplace;

transferring at least a portion of the cash donation to a designated beneficiary;

selling the donated property in the online marketplace; and

refunding to the donor at least a portion of the proceeds from the sale of the donated property.

13. The method of claim 12, wherein the online marketplace comprises an online auction marketplace.

14. A method for promoting donation activity comprising:

making donated property available for sale;

notifying potential purchasers of the donated property that the proceeds from the sale of the donated property will benefit one or more designated beneficiaries; and

enabling the potential purchasers to make a donation targeted to the one or more designated beneficiaries or to other beneficiaries.

15. The method of claim 14, wherein making the donated property available for sale comprises listing the property in an online marketplace.

16. The method of claim 14, wherein making the donated property available for sale comprises displaying the property in a physical store.

17. A method for targeting donations to specific beneficiaries, comprising:

establishing an account for one or more beneficiary organization members;

presenting a donor with an interface that enables the donor to target the proceeds from the sale of donated property to a selected account associated with a specific beneficiary organization member;

receiving the proceeds from the sale of the donated property sold in an online marketplace; and

depositing at least some of the proceeds from the sale of the donated property into the account selected by the donor.

18. The method of claim 17, wherein the online marketplace comprises an online auction marketplace.

19. The method of claim 17, wherein the donated property is sold by the donor in the online marketplace.

20. The method of claim 17, wherein the donated property is sold by a selling agent in the online marketplace.