122: The Best Way to Pay: Pairing Business and Nonprofits to Fund Missions - Interview with Will Black, CEO of Sharing the Credit

<p>Join me on the Fast Track to Grant Writer: <a href= "https://www.teresahuff.com/vip">www.teresahuff.com/vip</a></p> <p> </p> <p dir="ltr"><strong>How Can We Fund Our Nonprofit?</strong></p> <p dir="ltr">Nonprofits are always on the lookout for more money, especially unrestricted funding. And as a nonprofit strategist, I’m always on the lookout for ways to help them find it. That’s where today’s guest comes in.</p> <p dir="ltr">When I heard about Will Black and his team at <a href= "https://mpro.sharingthecredit.com/appointly/appointments_public/form/202CF004-BF8C-4D3A-85DE-C28414A9159D"> Sharing the Credit</a> last year, I knew I had to find out more about this and see if it’s a good resource to share with you. </p> <p dir="ltr">Turns out, it’s not simply a good resource; it’s brilliant.</p> <p dir="ltr">I’ve had the pleasure of meeting Will in person and getting to know his team. Y’all, this is completely legit. Nonprofits and businesses everywhere need to know about this!</p> <p><strong> </strong></p> <p dir="ltr"><strong>Unrestricted Funding for Nonprofits; Savings for Businesses</strong></p> <p dir="ltr">Every time we go to a business, be it a physical store or online, and use our debit or credit card, the business is charged a transaction fee. Everyone knows that. That’s the boring part. </p> <p dir="ltr">What you may not know is that ONE of those fees that is built in by Visa/MasterCard doesn’t go to Visa, and it doesn’t go to MasterCard; it goes back into the system. It goes to a bank. BUT instead of going to a bank, it can legally go to a 501. A non-profit. Ta-DA!</p> <p><strong> </strong></p> <p dir="ltr"><strong>Sharing the Credit Saves Money and Funds Nonprofits</strong></p> <p dir="ltr">For example, Will Black and his Sharing the Credit team approached a successful car dealership that did $1 million in revenue each month. The dealership’s manager asked if there was any way they could better help their charity.</p> <p dir="ltr">Enter Sharing the Credit. Will’s team reviewed the dealership’s statemen