Omaze offers an online service that allows users can give to charities and have the chance to win various prizes and experiences. It’s an innovative method for raising funds. As per the website, its users have raised over 150 million dollars and have supported more than 350 charities. These charities are located across the globe. These charities are major credited non-profit organisations like UNICEF, After-School All-Stars, Julia’s House, Product Red as well as Make-A-Wish Foundation.
Donations aren’t necessary to be entered into a contest but they do earn you extra contest entries, as well as other benefits. The contestants can choose which cause they’d like to contribute to. Each contest has its own unique prize, from luxurious cars to once-in-a-lifetime experiences.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick review. After, you’ll want to read the rest of our article for a more comprehensive review of Omaze.
What is the process behind Omaze function?
Is Omaze Donation Tax Deductible
Omaze believes that everyone deserves the opportunity to be a part of fundraising. Traditionally, charitable organizations usually relied on fundraisers where only the rich and famous were invited to. Omaze set out to open up auctions for charities with its unique fundraising method. This means that everyday people can make a donation to the charity they choose for as low as $10.
You have two options to participate. The first is through donating or taking part for free. You are able to participate in any contest with no donation and you’ll earn extra entries based on how much you contribute. The higher your donation will result in more prizes you’ll win.
To donate, go to “Enter Now” from the Experience or Prize page on the website. Then choose a donation amount and follow the steps to provide your information. You may donate as many times as you like. There is however an upper limit on entries that is dependent on the prize.
To enter for free visit the Experience or Prize page on the website. Click on the “enter without contributing link” and follow the steps. You will need to accomplish a form. Upon submitting the form, you will receive a specific amount of entries. You can submit the form as many times as you’d like, however, the form has a limit on entries. Entry limit.
Omaze has been criticized regarding its contribution to charity. donation goes to the charity. In the case of expensive prizes, about 10-15 percent of the donation goes to charity. The company has replied with the statement that 10% an impressive amount. The remaining donation is used to cover expenses for marketing and operational costs to ensure that they are running. It is important that people are encouraged to donate because of the attractive prizes.
For prizes with lower costs The company says that 60% of the money goes to charity.
Donations made on the site are directly donated into Charities Aid Foundation America (CAF America). It’s a non-profit organization which has partnered with Omaze in making fundraising easy, safe, and effective. CAFA utilizes donations to help fund grants for charitable organisations.
Omaze offers a variety of incredible prizesthat they refer to as Experiences. These prizes include luxurious cars and dream homes, the chance to meet your favorite celebrity, or a once-in-a-lifetime journey.
Here are some examples of the previous and current prizes that are offered by Omaze:
- A chance to be the owner of an enviable multimillion dollar Miami dream house
- A vacation in Japan specifically designed for you
- An unforgettable safari and stay at Giraffe Manor in Kenya
- A chance to be the first to win two seats on 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
- Chance to win luxurious cars and a variety of other vehicles
Omaze offers constantly new promotions and attractive prizes. Check their website to view more prizes , including the prize information. It also provides previous prizes and the winners. For contests that have been held previously you can also view the amount that the charity has received.
Who was the person who started Omaze?
Omaze was founded in 2012 in 2012 by Ryan Cummins and Matt Pohlson. The website says that they got the idea after they attended an auction benefitting charity. The item up for bidding was their dream experience including a basketball game as well as dining together with Magic Johnson. But, the bidding was to the point that they were outbid. The prize raised only $15,000.
The two couldn’t figure out the reason why a prize of this magnitude only raised a small amount for a great cause. They also felt that this fundraising model was limited to those who are wealthy. They felt that extraordinary experiences like this should not be accessible only to a small number of wealthy individuals.
Then they came up with an innovative method of fundraising that would be available to a large amount of people.
The fundraising will be accessible online, so everyone could take part. It wouldn’t take a lot of funds to participate this event, which could make it easier for more people to participate and raise more money in support of the organization.
They also believe that charitable organizations ought to feel more comfortable advertising on this platform since it’s for a great cause. Their platform allows charities to communicate with a larger market in a way that is appealing to raise more funds.
Is Omaze legit?
While the company has faced some criticism, it appears that they’re actually legitimate. As of now, they’ve raised more than $100 million for charity and have given out prizes to the participants in accordance with their promises. A lot of big-name celebrities have also been a part of the campaign and lobbied on behalf of the organization.
Many winners have also spoken about the prizes they have won. Some are also featured on Omaze’s official Omaze Youtube channel.
Omaze is also certified by The Better Business Bureau with an A+ rating. Is Omaze Donation Tax Deductible
Since it’s a for-profit organization, Omaze takes around 20% of the donations. Imagine you want 100% of your donations going to a non-profit. In this scenario, you could consider donating direct to the nonprofit or charity instead. However, the fun part of Omaze is the fact that it allows you to get to contribute while simultaneously you can be awarded a fantastic experience. This makes it a great attraction to a wider range of people. If you’re looking for unique experiences Then Omaze is a great chance.
Cost and Price Plans
Omaze lets you make donations for just $10. When the amount of donation increases, the proportion of entries will also increase, and the amount equivalent to 1 entry decreases. For example, a $150 donation equals 2000 entries, which means 1 entry per 7 cents donated. Is Omaze Donation Tax Deductible
Here are the amounts for donations that are equivalent to the number of entries:
- $10 = 20 entries
- $25 = 125 entries (most popular option according to the website)
- $500 = $50 entries
- $1200 = $100
- $150 = 2000 entries
According to Omaze their business, it takes approximately 12% to 20% of net earnings. These funds are used to cover operating expenses, including marketing, content creation, and processing fees for payments. About 60%-80% of the funds are donated to charities.
To be more precise, here’s how it differs between non-celebrity prizes and celebrity prizes. For the prizes of celebrities, which are typically cheaper, 60percent of donation goes to the charity, while 25% goes to Omaze. For more expensive prizes like vacations, cars or cash, 15percent of money is donated to charity, while 65%-75% goes to Omaze.
Omaze currently does not offer refunds since the money is donated to charitable causes. If you do have any questions about your transactions it is recommended to contact Customer Service as soon as possible.
Customer Service Contact Info
If you have queries, issues, or complaints. In that case you can submit them directly to their website through using the Support Center and Submit a Request link. You can also access details and frequently asked questions in the Support Center.
Omaze is an online platform for fundraising which allows users to make donations to charities with the possibility to win prizes that are unique as well as experiences. It’s a legitimate company that has been operating for several years now. It has assisted numerous charities to achieve their goals through raising money for them. The unique fundraising method lets everyone have the chance to gain unforgettable experiences that will last a lifetime.
Omaze is a new method to make a donation to charity. It has however, been the subject of a lot of criticism for how much money actually goes to charity. It’s understandable, since Omaze is a business, so it’s a for-profit company. If your intention is to simply donate to a charity and make sure all proceeds go to them, then donate straight to your charity. But if you’re interested in one of Omaze’s fabulous prizes, then donate through Omaze instead. It’s a win-win situation since you have the chance to be the winner of a prize and also donate to a worthy cause.
FAQS Is Omaze Donation Tax Deductible
Where is Omaze where is it based?
Omaze is based in Los Angeles, California.
Can my tax-deductible contribution be deducted?
All Omaze donations are made through Charities Aid FoundatAmerica ion (CAFA). Since CAFA is a US charity, all donations made by US donors through the Omaze platform can be tax-deductible as long as the law allows. However, if your donation is made in conjunction with an experience-based perk that is worth more than the perk will be subtracted. For example, if you make a donation of $100 and receive an experience worth $75, your tax-deductible donation will be $25.
Do you know of any Omaze frauds?
While Omaze is being attacked by many people online as a fraud, the company is totally authentic. They can raise funds for the charities involved and also award participants according to the promises. To ensure your security ensure that you donate your money through the authentic Omaze website only. Verify if the website is genuine or not prior to making a donation of your money.
What are the odds of winning?
The more you donate the more likely you are of winning, as a greater donation equals a more significant amount of entries. But, you are able to take part without contributing and still be eligible for a certain number of entries.
What is the process to confirm a winner?
Once the contest has closed the winner will be randomly chosen using an encrypted and secure random number generator. Following the random drawing process Omaze’s team finishes the confirmation of the winner. There are more information about the procedure through their official website.
How do they reach them and to announce winners?
An Omaze representative will notify potential winners via email. The potential winner has 24 hours to reply to the initial email. The Omaze can respond with a planned video call as well. After a winner is been confirmed and responded to their initial emails, they will need to sign paperwork sent to them through the Events Team as part of the process of confirming the winner.
Note that Omaze will never contact the winners through social media. Instead, it will contact them by email.
How does Omaze earn money?
Omaze is a non-profit company. Omaze receives a 20% fee on net raises from their campaigns. To ensure they stay functioning this amount is used to cover the operational expenses like advertising, content creation, and payment processing fees.