We transfer funds to your bank account via electronic fund transfer (EFT). Visit the My Fiscal Sponsorship page to set up electronic fund transfer.
The My Fiscal Sponsorship Page Highlighting "Release Funds"
Before we can release funds to your bank account, you'll need to complete our EFT Sign Up form and provide us a copy of a voided check. Your bank account must be in the United States in order to receive electronic fund transfers from Fractured Atlas.
Please also note that we cannot accept temporary or starter checks as documentation of your bank account. The check must include your account and routing numbers as well as confirmation of the account holder name and address.
If you do not have a check to void or you only have starter checks available, we'll require a bank-issued document complete with contact information instead. A copy of a checking account statement which includes the account holder name, your address and account number should suffice. We can accept a letter from the bank with the account number, routing number, account holder name, and address as well.
After you've sent your EFT information to Fractured Atlas and received confirmation from us by email that it's been set up, you can request funds from the fund release request form.
Funds may be requested seven (7) days after donated funds are received and processed by Fractured Atlas. Contributions and grant money donated for your sponsored project are held in a restricted fund until they are needed and requested for project-related expenses.
All funds for the purposes of your project are held by Fractured Atlas so that we may maintain discretion and control over how funds are used. Until funds are released, funds are held by Fractured Atlas so that we can ensure that all funds are used for charitable purposes in accordance with our 501(c)(3) nonprofit status. All funds released must be spent on project-related expenses within 90 days of release.
An electronic fund transfer will take one (1) to three (3) business days to show up in your bank account once the request for funds is approved by Fractured Atlas.