How we cover costs
Creating and operating The Good Registry comes with the costs of website development, hosting, maintenance, administration, marketing and community engagement.
We deduct 10% towards operating costs from the total donations made each month before paying out donations to your selected charities.
There are two parts to these costs:
-
Card processing/transaction fees (paid to our payment service provider Stripe).
-
Cost recovery for administration and management costs, including the ongoing development, hosting and maintenance of The Good Registry website, processing and record keeping for payments to charities, receipting, auditing, user support, marketing and community engagement.
-
The 10% is deducted from total funds donated to each charity, after we’ve aggregated all of their donations. The total amount donated to the charity, and the amount they will receive after the 10% deduction, is clearly and transparently communicated to each recipient charity when payments are made.
We are not making a profit yet, but when we do, we will reduce the administration fee (our aim is to get it to 5%, over time), and we will always reinvest at least 51% of any profit that we do make to do more good.
Our Business Model
The Good Registry is a social enterprise: a business, with a social-good purpose at our heart. We exist to simplify giving and do good. That goodness is two fold: as well as helping good causes, we’re helping to reduce waste.
All donations to The Good Registry are handled by our registered charitable trust (CC54846). The Good Registry Trust receives your donations and and then pays forward donations to your chosen charities, less the service fee.
A New Zealand registered company, The Good Registry Limited, provides all of the technology, marketing and administration to sustain and grow our community and our platform, and levies the administration fee that covers those costs.
