Omaze offers an online service that allows users can make donations to charities and get a chance to be the winner of various prizes and experiences. It’s an innovative approach to fundraising. According to the company, the users have raised more than 150 million dollars, and have benefited more than 350 charities. The charities are spread across the globe. They are the most reputable non-profit organizations such as UNICEF, After-School All-Stars, Julia’s House, Product Red as well as Make-A-Wish Foundation.
Donations are not required to be entered into a contest but they do earn you extra contest entries as well as other perks. The contestants can choose which charity they would like to donate to. Every contest comes with its special prize, ranging from luxury cars to once-in-a-lifetime experience.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick review. Afterward, you will want to read the rest of the article for a more comprehensive review of Omaze.
What is the process behind Omaze function?
Is A Donation To Omaze Tax Deductible
Omaze believes that every person should have the chance to take part in fundraising. Traditionally, charities relied on fundraisers where only the rich and famous could attend. Omaze wanted to democratize charity auctions through its unique fundraising method. It allows everyday citizens to donate to the charity they choose starting at just $10.
You have two options to participate. The first is through donating or taking part for no cost. You can enter any contest without donating however you will earn extra entries depending on the amount you contribute. The greater your donation is, the more prize entries you’ll receive.
To donate, simply go to “Enter Now” from the Experience or Prize page on the website. Choose a amount to donate and follow the instructions to provide your information. You can make donations as often as you like. However, there is an upper limit on entries that is dependent what prize you win.
For a chance to win for free, go to the Experience or Prize page on the website. Click the “enter without contributing link” and follow the instructions. You’ll be required to complete the form. Upon submitting the form, you will receive a particular number of entries. The form can be submitted as many times as you like, but again the form has a limit on entries. entry limit.
Omaze has faced criticism over what percentage of donation goes to the charity. For expensive prizes, only around 10-15 percent of the money is donated to charity. The company has replied to say that 10% is still a significant amount. The remainder of the money will be used to pay the costs of marketing and operations to keep them running. The most important thing is that people are encouraged to give because of attractive prizes.
For less expensive prizes, the company reports that 60 percent of the donation goes to charity.
Donations made on the site directly go into Charities Aid Foundation America (CAF America). It’s a public charity that has partnered with Omaze to make fundraising simple, safe, and effective. CAFA utilizes donations to help fund grants to charitable organisations.
Omaze offers a variety of incredible prizes, which they call Experiences. These prizes include luxurious cars and dream homes, a chance to meet your favorite celeb, or a once-in-a-lifetime journey.
Here are some examples of the previous and current prizes offered by Omaze:
- Chance to win an enviable multimillion dollar Miami dream home
- A trip to Japan specifically designed for you
- A memorable safari experience and stay at Giraffe Manor in Kenya
- The chance to get 2 seats for one of the first Virgin Galactic flights to space
- A private meet and meet and greet featuring Dwayne “The Rock” Johnson
- A luxurious vacation to a wellness resort in Thailand
- First-class plane tickets to anywhere in the world
- A chance to win luxury cars and a variety of other vehicles
Omaze has a constant stream of new campaigns and enticing prizes. You can check their website to see additional prizes and details. It also provides previous prizes and the winners. For contests that have been held previously, you can also see the amount the charity received.
Who started Omaze?
Omaze was launched on the 12th of December 2012, by Ryan Cummins and Matt Pohlson. The website says that they had the idea after attending an auction for charity. The item that was up for auction was their ideal trip: a basketball game and dinner together with Magic Johnson. But, the bidding was so high that they were outbid. The prize ended up raising just $15,000.
The two didn’t understand the reason why a prize of this magnitude only raised a small amount for a great cause. They also felt that this fundraiser was only available to those who are wealthy. They thought that incredible events like this should not be available only to a select group of wealthy people.
Then they came up with a new kind of fundraising, which would be available to a more significant variety of people.
This fundraiser would be made available online, so anyone could participate. It wouldn’t take an enormous amount of cash to participate and make it easier for more people to participate and to raise money for the charity.
They also believe that charitable organizations should feel better about advertising on this platform because it’s an important cause. Their platform allows charities to connect with a wider market in a way that is appealing to raise money.
Is Omaze legit?
Although the company has received some criticism, they appear that they’re legitimate. So far, they have raised over 100 million dollars for charity and have awarded the prizes promised to participants. Numerous famous personalities have also supported and advocated to the program.
A number of winners have also talked regarding the prize they have received. They are also featured on Omaze’s Omaze channel. Omaze Youtube channel.
Omaze is also certified with Omaze is also accredited by Better Business Bureau with an A+ rating. Is A Donation To Omaze Tax Deductible
As a non-profit corporation, Omaze takes around 20% of the donations. Suppose you want all your contributions to go to the non-profit. In this situation, you may think about donating directly to the non-profit organization or charity instead. But the best thing about Omaze is the fact that it allows you to have the chance to do something positive and, simultaneously you can be awarded a fantastic experience. This makes it very appealing to a broader number of people. If you’re interested in once-in-a-lifetime experiences and experiences, then Omaze is a fantastic chance.
Cost and Price Plans
Omaze allows you to donate just $10. If the amount you donate increases, the proportion of entries also increases, and the equivalent for 1 entry decreases. For instance, a $150 donation equals 2000 entries, which means 1 entry per 7 cents that are donated. Is A Donation To Omaze Tax Deductible
Here are the amounts for donations that are equivalent to the number of entries:
- $10 = 20 entries
- $25 = 125 entries (most sought-after option according to the site)
- $500 = $50 entries
- $1200 = $100
- $150 = 2000 entries
According to Omaze, their company takes about 12%- 20% of net profits. The money is used to fund expenses for operations, like marketing, content creation, and payment processing fees. A majority of the money goes to charities.
To be more precise This is how it differs between non-celebrity prizes and celebrity prizes. For celebrity prizes, which are typically more affordable 60percent of prize is given to charities and 25 percent is given to Omaze. For more expensive prizes like cars, vacations or cash 15percent of money is donated to charity, while 65%-75 percent goes to Omaze.
Omaze currently does not offer refunds since the money is donated to charitable causes. If you do have any concerns about your transactions, you should contact Customer Service as soon as possible.
Customer Service Contact Info
Suppose you have any questions, concerns or issues. In this case you can send them directly to their website through using the Support Center and Submit a Request link. You can also access information and find frequently asked questions in the Support Center.
Omaze can be described as an internet-based fundraising platform which allows users to make donations to charities to be eligible to win unique prizes and experience. It’s a legitimate organization that has been running for a number of years. It has assisted numerous charities to achieve their goals through making donations for them. Its unique fundraising strategy gives everyone the opportunity to enjoy unforgettable experiences that will last a lifetime.
Omaze is a different method to make a donation to charities. However, it has received criticism for how much money actually goes to charity. It’s understandable, since Omaze is a business and is a non-profit organization. If your goal is to donate money to an organization and ensure that 100% goes to them, then you can donate direct to charity. If you’re interested in the amazing prizes offered by Omaze make sure to donate via Omaze instead. It’s a win-win since you get the chance to win prizes while also contributing to a great cause.
FAQS Is A Donation To Omaze Tax Deductible
Where is Omaze based?
Omaze is based in Los Angeles, California.
Is my contribution tax-deductible?
All Omaze donations go through Charities Aid FoundatAmerica ion (CAFA). Because CAFA is an US charity and all donations made by US donors via Omaze are tax-deductible. Omaze platform are tax-deductible to the extent the law permits. However, if your contribution comes with an experience reward, the value of the perk will be reduced. If you give $100 and get an experience worth $75, your tax-deductible donation is $25.
Are there any Omaze frauds?
While Omaze is being criticized by numerous people online as a scam, the company is totally legit. They can raise funds for charities and also award participants according to the promises. To ensure your security be sure to make your donation through the official Omaze web site. Verify if the website is genuine or not prior to making a donation of your money.
What are the chances of winning?
The more you donate, the higher your chances of winning because a larger donation equals a larger amount of entries. However, you can still enter without contributing to qualify for a specific amount of entries.
How do they confirm the winner?
When the contest has ended, a potential winner is randomly drawn via an encryption-secure cryptographically secured random number generator. After the random drawing process Omaze’s team will complete the winner confirmation process. You may view more details on the process at their site.
How can they get in touch with them? the winners?
An Omaze representative will notify the potential winner via email. The potential winner has up to 24 hours to respond to the initial email. The Omaze can contact them with an scheduled video call as well. After a winner is been confirmed and responded to the initial email, they need to sign paperwork sent to them through an Events Team as part of the process of confirming the winner.
Do note Omaze won’t contact winners via social media. Instead, it will contact them by email.
How does Omaze make money?
As a for-profit organization, Omaze receives a 20% fee on net increases from their campaigns. To ensure they stay operating, this fee can be used to fund operational costs, such as advertising, content creation and processing fees for payments.