Help with a charity seminar

Yanik,

Sounds like a very worthy cause. I don't have any experience w/ such an event, but a couple thoughts come to mind.

Regarding the merchant account, perhaps you could get a local business (i.e., co-sponsor) to use their account (legal?), with them paying the merchant "discount" as their donation. And/or, work with a local bank (i.e., co-sponsor #2) to set up an escrow account to hold all donations. When the surgery has been performed, all bills are paid directly from the escrow account to the hospital.

I'm certain the bank or a lawyer could best advise on how that might be set up.

Best of "luck" with it all...

Regards,
Chris

> Hey guys,
> Wanted to see if anyone had some insight or
> could
> point me in the right direction.

> I'm considering putting on a 1-day 'Wealth
> Building' seminar where 100% of the profits
> would help a local Russian boy, named Max,
> who
> needs $100,000 in medical care.

> This child has a rare disease “Cruson's
> syndrome (craniofacial dysostosis.)”
> And if he doesn't receive surgery he will
> die.
> The family does not have insurance to cover
> this
> treatment.

> I don't want to handle payments coming in
> and
> dealing with merchant account issues since
> 100%
> of the money is going to this child so I'd
> rather
> not have a merchant % taken out before it
> gets
> to Max.

> I don't have time to set myself up a
> non-profit
> organization so I thought about working with
> a
> local charity - but I want them to make sure
> 100%
> of the money goes strictly for this child.
> Also, I want to see the money
> go directly for his care and not to his
> family.

> Another thought was a donor-directed charity
> fund
> however I'm not sure this is what I want.

> Any ideas, thoughts, etc are most welcome!

> Thanks so much,
> Yanik