Omaze offers an online service where people can donate to charitable causes and get a chance to be the winner of various prizes and experiences. It’s a unique crowdfunding method of raising money. According to the company, its users have raised more than 150 million dollars, and have benefited more than 350 charitable organizations. These charities are located across the globe. They are the most reputable non-profit organizations like UNICEF, After-School All-Stars, Julia’s House, Product Red and Make-A-Wish Foundation.
Donations aren’t required to be entered into a contest but they earn extra contest entries, as well as other benefits. The contestants can choose which charity they want to donate to. Every contest comes with its own unique prize, from luxurious cars to once-in-a-lifetime experiences.
Before you continue, you may want to watch this video by The Entrepreneur on YouTube that gives a quick overview. After, you will want to read the rest of our article for a more comprehensive review.
What is the process behind Omaze function?
Company Profile Of Omaze
Omaze believes that every person deserves the opportunity to participate in fundraisers. Traditionally, charitable organizations usually relied on fundraising events that only the wealthy and famous were invited to. Omaze was founded to make charity auctions through its unique fundraising model. This means that everyday people can make a donation to the charity they choose starting at just $10.
There are two ways you can enter. You can donate, or participating for no cost. It is possible to enter any contest for free, but you earn additional entries based on how much you give. The greater your donation will result in more prize entries you’ll get.
To donate, simply click “Enter Now” from the Experience or Prize page on the website. Select a donation amount and follow the directions to fill in your details. You are able to make donations as often as you’d like. There is however an upper limit on entries which varies based upon the amount of prize.
To enter for free To enter for free, visit the Experience or Prize page on the website. Select the “enter without contributing link” and follow the steps. You’ll be required to complete a form. Upon submitting the form, you will receive a particular number of entries. You may submit the form at any time you like, but again the form has a limit on entries. entry limit.
Omaze has faced criticism regarding what percentage of prize is actually going to charity. In the case of expensive prizes, around 10-15 percent of the money is donated to charity. The company has responded to say that 10% is a significant amount. The remaining donation is used to pay for the costs of marketing and operations to ensure that they are running. It is important that people are encouraged to contribute due to the attractive prizes.
For less expensive prizes, the company reports that 60 percent of the donation goes to charity.
Donations made through the website directly go to Charities Aid Foundation America (CAF America). It’s a non-profit organization which has partnered with Omaze in making fundraising easy as well as safe and efficient. CAFA uses donations to fund grants for charitable organizations.
Omaze provides a range of incredible prizes, which they refer to as Experiences. These prizes include luxurious cars, dream homes, the chance to meet your favorite celebrity and a once-in-a lifetime travel experience.
Here are some examples of the past and current prizes that are offered by Omaze:
- A chance to be the owner of the multimillion-dollar Miami dream home
- A vacation in Japan specifically designed for you
- A memorable safari experience as well as a stay at Giraffe Manor in Kenya
- An opportunity to win 2 seats for one of the first Virgin Galactic flights to space
- An exclusive meet and meet and greet with Dwayne “The Rock” Johnson
- A luxurious vacation to a spa resort in Thailand
- First class tickets on planes to anyplace in the world.
- A chance to win luxury vehicles and other vehicles
Omaze has a constant stream of new campaigns and enticing prizes. Check their website to see more prizes , including the prize details. Also, you can view previous prizes and winners. For contests that have been held previously you will also be able to see the amount that the charity has received.
Who came up with Omaze?
Omaze was created in 2012 through Ryan Cummins and Matt Pohlson. As per the site, they had the idea after attending an auction for charity. The auction item was their ideal trip which included a basketball match and dinner with Magic Johnson. However, the bidding went so high that they were outbid. The prize ended up raising only $15,000.
They couldn’t comprehend why such a big prize only raised a small amount for a great cause. They also thought that the fundraiser was only available to wealthy people only. They felt that extraordinary experiences like this should not be accessible only to a few wealthy people.
So they decided to develop a new kind of fundraising that would be accessible to a significant amount of people.
This fundraising would be available on the internet, which means that everyone can take part. Participants wouldn’t require an enormous amount of cash to participate this event, which could increase participation and to raise money in support of the organization.
They also believe that charitable organizations ought to feel more comfortable advertising on the platform, since it’s a great cause. Their platform allows charities to communicate with a larger audience in an attractive way to raise funds.
Is Omaze real?
While the business has been the subject of some criticism, they appear that they’re legitimate. As of now, they’ve raised more than 100 million dollars for charity and have awarded the prizes promised to participants. A lot of big-name celebrities have also endorsed and advocated for the platform.
Many winners have also spoken regarding the prize they have won. They are also featured on Omaze’s Omaze channel. Omaze Youtube channel.
Omaze is also accredited as a member of The Better Business Bureau with an A+ rating. Company Profile Of Omaze
Because it’s a not-for-profit company, Omaze takes around 20% of the donations. Suppose you want 100% of your donations to be donated to a non-profit. If that is the situation, you may consider donating direct to the nonprofit organization or charity instead. The best part about Omaze is that you get to make a difference while at the same time you can get a great experience. This makes it very appealing to a broader number of people. If you’re interested in once-in-a-lifetime experiences, then Omaze is a great chance.
Cost and Price Plans
Omaze lets you make donations for as low as $10. When the amount of donation increases, the percentage of entries increases and the equivalent for 1 entry decreases. For example, a $150 donation equals 2000 entries, which is 1 entry for every 7 cents donated. Company Profile Of Omaze
Here are the donation amounts in the same amount, with the equivalent number of entries:
- 10$ = 20 tickets
- $25 = 125 entries (most sought-after option according to the site)
- $50 = 500 entries
- $100 = 1,200 entries
- $1000 = 2000 entries
According to Omaze, their company takes about 12%- 20% of net earnings. This is used to cover operational costs, such as advertising, content creation and processing fees for payments. Around 60%-70% of money goes to charities.
For a more precise understanding, here’s how it differs between the celebrity and non-celebrity prizes. For celebrity prizes which are generally more affordable 60percent of money is given to charities and 25 percent goes to Omaze. For higher-end prizes, like automobiles, vacations or cash, fifteen percent of donation goes to charity and 65% to 75 percent is given to Omaze.
Omaze currently doesn’t offer refunds because the donations are for charitable causes. However, if you encounter any concerns about your transactions You should get in touch with Customer Service as soon as possible.
Customer Service Contact Info
If you have doubts, questions or issues. In that case, you may submit them directly to their website through the Support Center and Submit a Request link. There is also a wealth of information and answers to frequently asked questions in the Support Center.
Omaze can be described as an internet-based platform for fundraising that lets people donate to charities with the possibility to win exclusive prizes and experience. Omaze is a legitimate business which has been in operation for several years now. It has helped various charities reach their goals by raising money for them. The unique fundraising method gives everyone the chance to gain amazing once-in-a-lifetime experiences.
Omaze is a different method to donate to charities. However, it’s received a lot of critiques regarding how much actually is donated to charities. However, it’s understandable since Omaze is a business, so it’s a for-profit organization. If you’re looking to donate money to a charity and make sure the entire amount goes to them, then donate direct to charity. But if you’re interested in one of Omaze’s amazing prizes you can donate to Omaze instead. It’s a win-win situation since you have the chance to win prizes while also contributing to a great cause.
FAQS Company Profile Of Omaze
Where is Omaze located?
Omaze is headquartered at Los Angeles, California.
Does my contribution count as tax-deductible?
All Omaze donations are made through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity, all donations made by US donors through the Omaze platform are tax-deductible in the amount the law permits. However, if your donation is accompanied by an experience perk then the value of the perk will be subtracted. For example, if you make a donation of $100 and get an experience perk of $75, your tax-deductible contribution is $25.
Do you know of any Omaze scams?
Although Omaze is being criticized by a lot of people on the internet as a fraud but the business is authentic. It can raise money to benefit the organizations involved and reward participants in accordance with their promises. To ensure your security be sure to donate your money through Omaze’s official Omaze website only. Check to make sure the site is legitimate or not prior to donating your money.
What are the chances of winning?
The more you give the more likely you are of winning since a higher donation equals a greater number of entries. However, you can still enter without contributing to qualify for a certain number of entries.
What is the process to confirm the winner?
Once the contest has closed after the contest has ended, a winner could be randomly drawn via an encryption-secure cryptographically secured random number generator. After the random drawing process Omaze’s team will complete the process of confirming winners. You may view more details about the process on their website.
How do they reach them and to announce winners?
An Omaze representative informs potential winners via email. The winner is given 24 hours to reply to the initial email. The Omaze can contact them with an scheduled video conference as well. If a winner has confirmed and replied to an initial message, they will need to complete the form provided through The Events Team as part of the winner confirmation process.
Note Omaze won’t contact winners via social media. Instead, it will contact them by email.
How does Omaze earn its money?
Omaze is a non-profit company. Omaze receives a 20% fee on net increases from their campaigns. To ensure that they are up and running this amount is used to cover operational costs, such as advertisements, content creation, and payment processing fees.