Omaze offers an online service that allows users can give to charities and get a chance to win various prizes and experiences. It’s a unique method of fundraising. According to the company, the users have raised over 150 million dollars and supported more than 350 charities. These charities are located across the globe. These charities are renowned non-profit organizations like UNICEF, After-School All-Stars, Julia’s House, Product Red, along with Make-A-Wish Foundation.
Donations aren’t required to enter a contest, but they earn extra contest entries as well as other perks. The contestants can choose which charity they want to donate to. Every contest comes with its own unique prize, from luxurious automobiles to unique experiences.
Before you go on, you may want to watch this video by The Entrepreneur on YouTube that gives a quick review. After, you will want to read the rest of our article for a more comprehensive review of Omaze.
What is the process behind Omaze work?
Omaze Rounds Of Financing
Omaze believes that everyone should have the chance to take part in fundraising. In the past, charitable organizations typically 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 everyday people can make a donation to the charity of their choice for as low as $10.
Two ways to participate. The first is through donating or participating for no cost. It is possible to enter any contest without donating however you will earn extra entries depending on the amount you contribute. The more you donate, the more prizes you’ll win.
To donate, simply click “Enter Now” from the Experience or Prize page on the website. Then choose a donation amount and follow the directions to fill in your details. You can donate as many times as you like. There is however an upper limit on entries which varies based upon the amount of prize.
To enter for free visit the Experience or Prize page on the website. Click on the “enter without contributing link” and follow the instructions. You’ll be required to complete the form. When you submit the form, you will be awarded a certain number of entries. You may submit the form multiple times as you want, however, the form has a limit on entries. Entry limit.
Omaze has been criticized regarding how much of the money goes toward the actual charity. In the case of expensive prizes, around 10-15 percent of the proceeds go to the charity. The company has stated to say that 10% is an impressive amount. The remainder of the money will be used to pay operational and marketing costs to continue to run the business. The most important thing is that people are motivated to contribute due to the attractive prizes.
For less expensive prizes, the company reports that 60 percent of the donation is given to charities.
Donations made through the website are directly donated into Charities Aid Foundation America (CAF America). It’s a public charity which has joined forces with Omaze in making fundraising easy, safe, and effective. CAFA makes use of donations to pay grants to charitable organizations.
Omaze offers a variety of amazing prizes, which they refer to as experiences. The prizes include luxury cars, dream homes, the opportunity to get to know your favourite celebrity or have a unique trip.
Here are a few examples of the past and current prizes offered by Omaze:
- Chance to win an enviable multimillion dollar Miami dream home
- A trip to Japan curated just for you
- An unforgettable safari as well as a stay at Giraffe Manor in Kenya
- A chance to win 2 seats for one of the very first Virgin Galactic flights to space
- An exclusive meet and meet and greet with Dwayne “The Rock” Johnson
- A luxurious vacation to a wellness retreat in Thailand
- First class plane tickets to any destination in the world.
- Chance to win luxurious cars and a variety of other vehicles
Omaze has a constant stream of exciting new campaigns and prizes. You can check their website to view additional prizes and details. Also, you can view previous prizes and the winners. For previous contests, you can also see how much the charity has received.
Who started Omaze?
Omaze was founded at the end of 2012 through Ryan Cummins and Matt Pohlson. As per the site, they had the idea when they went to a charity auction. The item up for bidding was their ideal experience which included a basketball match and dining together with Magic Johnson. However, the bidding went so high that they were outbid. The prize raised just $15,000.
The two couldn’t figure out why such a huge prize only raised a tiny amount for a good cause. They also thought that the fundraising model was limited to wealthy people only. They believed that amazing experiences like this should not be accessible only to a select group of wealthy individuals.
They decided to create an entirely new method of fundraising that could be available to a large number of people.
This fundraising would be available online, so anyone could participate. People wouldn’t need an enormous amount of funds to participate, which would make it easier for more people to participate and raise more funds to support the cause.
They think that charities can feel more confident about advertising on this platform since it’s for an excellent cause. The platform lets charities communicate with a larger audience in an attractive way to raise money.
Is Omaze legit?
Although the company has received some criticism, they appear that they’re legitimate. As of now, they’ve raised over $100 million for charity , and have distributed the prizes to the participants in accordance with their promises. Numerous famous personalities have also supported and advocated for the platform.
Many winners have also spoken regarding the prize they received. Some are also featured on their Official Omaze Youtube channel.
Omaze is also certified with The Better Business Bureau with an A+ rating. Omaze Rounds Of Financing
Because it’s a not-for-profit company, Omaze takes around 20 percent of donations. Suppose you want 100% of your donations to go to the non-profit. If that is the case, you might consider donating direct to the nonprofit or charity instead. But the best thing with Omaze is the fact that it allows you to get to contribute while at the same time getting to get a great experience. This makes it appealing to a broader number of people. If you’re interested in once-in-a-lifetime experiences Then Omaze is a fantastic opportunity.
Cost and Price Plans
Omaze lets you donate for just $10. If the amount you donate increases, the percentage of entries increases and the value of one entry decreases. For example $150 is equal to 2000 entries, which is 1 entry per 7 cents given. Omaze Rounds Of Financing
Here are the donations amounts that are equivalent to the amount of entry entries
- $10 = 20 entries
- $25 = $25 = 125 entries (most popular option according to the website)
- $50 = 500 entries
- 100$ = 1200 entry
- $150 = 2000 entries
According to Omaze their business, it takes around 12%-20% of the net profits. This is used to cover operational costs, such as advertising, content creation, and payment processing fees. A majority of the funds are donated to charities.
To be more precise This is how it differs between celebrity prizes and non-celebrity prizes. For the prizes of celebrities, which are typically more affordable, 60% of the donation goes to the charity, while 25 percent is given to Omaze. For higher-end prizes, like automobiles, vacations or cash fifteen percent of donation is donated to charity, while 65%-75% goes to Omaze.
Omaze currently doesn’t provide refunds as the donations are for 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 doubts, questions, or complaints. In that case you can send them directly to their website via using the Support Center and Submit a Request link. You can also find details and frequently asked questions on the Support Center.
Omaze can be described as an internet-based fundraising platform that allows people to donate to charitable organizations with the possibility to win exclusive prizes as well as experiences. Omaze is a legitimate business that has been operating for several years now. It has helped numerous charities achieve their goals by raising funds for them. Its unique fundraising strategy gives everyone the opportunity to experience amazing once-in-a-lifetime experiences.
Omaze is a different method to donate to charity. However, it’s received a lot of critiques regarding how much actually goes to charity. But, this is understandable as Omaze is a commercial enterprise and is a non-profit organization. If your intention is to simply donate to an organization and ensure that the entire amount goes to them, then donate straight to your charity. But if you’re interested in the amazing prizes offered by Omaze make sure to donate via Omaze instead. You get the chance to win a prize while donating to a worthy cause.
FAQS Omaze Rounds Of Financing
Where is Omaze where is it based?
Omaze is based at Los Angeles, California.
Is my contribution tax-deductible?
All Omaze donations go to Charities Aid FoundatAmerica ion (CAFA). Since CAFA is a US charity and all donations made by US donors via the Omaze platform are tax-deductible in the amount the law permits. However, if your donation comes with an experience perk that is worth more than the experience perk will be deducted. If you give $100 and receive a perk worth $75, then your tax-deductible donation is $25.
Are there any Omaze scams?
While Omaze is being criticized by many people online as a fraud but the business is authentic. They are able to raise funds for the charities involved and award participants as promised. To protect yourself be sure to give your money to the Omaze official Omaze site only. Double-check to see if the site is legitimate or not before donating your money.
What are the chances of winning?
The more you donate, the higher your chances of winning, as a greater donation equals a greater amount of entries. But, you are able to take part without contributing and still be eligible for a specific amount of entries.
How do they confirm the winner?
When the contest has ended, a potential winner is randomly chosen using an encryption-secure cryptographically secured randomly generated number generator. After the random draw process Omaze’s team will complete the confirmation of the winner. More details on the process on their website.
How do they reach them and announce winners?
An Omaze representative notifies the potential winner via email. The winner is given 24 hours to respond to the email sent. The Omaze could respond with a planned video call as well. Once a potential winner has responded to and confirmed their initial emails, they will need to complete the form provided through the Events Team as part of the process of confirming the winner.
Please note Omaze does not reach out to winners via social media. Instead, it will contact them by email.
How does Omaze earn money?
As a for-profit organization, Omaze is able to collect a 20% fee on net raises generated by their campaigns. To ensure that they are functioning the fee is used to cover operating expenses, including advertising, content creation and processing fees.