Monthly transfer policy
By the 10th business day
Amounts committed during a calendar month will normally be transferred to that period’s featured beneficiary no later than the 10th business day of the following month.
Open books
Paid.
Committed.
Donated.
Goodbid commits 50% of each leaderboard purchase subtotal, excluding taxes, to nonprofit donations. We publish the beneficiary and proof when each monthly transfer is completed.
Initial transparency state
No donations have been completed yet.
Goodbid has not selected a featured beneficiary. Beneficiaries and donation records will be published here as they are selected and paid. No nonprofit partnership, endorsement, or sponsorship is implied.
Three distinct states
- PaidMoney a brand paid Goodbid for promotional leaderboard placement, including any separately calculated tax.
- Committed50% of the purchase subtotal, excluding taxes, that Goodbid has promised to donate.
- DonatedCommitted money that Goodbid has actually transferred to the beneficiary.
Donation history
Monthly records & proof
Committed amounts become “donated” only after the actual transfer is recorded.
No donations have been completed yet
Beneficiaries and donation records will be published here as they are selected and paid.
A precise note on tax.
Brands purchase promotional placement from Goodbid. The 50/50 split applies to the purchase subtotal excluding VAT and other taxes. Processing fees are paid from Goodbid’s share and never reduce the nonprofit commitment.
Read the initial terms