We are committed to putting our Foundation and Charity partners first. We donate a minimum of 75% of the net proceeds to our Foundation and Charity partners, and 100% of any successful bid over $500.00. As of February 2023, we have donated over 12,500,000 to our Charity partners, which represents over 80% of net proceeds on a program to date basis.
The participating charities do not incur any direct expenses, risks or liabilities with Funding Innovation programs. The Funding Innovation art easel program provides the charities we support with a comprehensive, turnkey fundraising solution!
The CRA has ruled that with the average print valued at $500, and the successful bidder having received tangible goods, the purchase is not eligible for a tax receipt. If the amount paid by the successful bidder is 125% over the declared value of $500 (or $625), then upon request, the charity is permitted to issue a tax receipt to the successful bidder for the amount over $500. You can learn more here.
Every print that is featured by Funding Innovation is fully licensed. Our suppliers hold multiple product licenses to produce major sport, music and traditional art images. Funding Innovation only sells Canadian made framed prints of the highest quality that properly reflect the value of the charity brands we are fortunate enough to represent. Every print comes with a 100% satisfaction guarantee.
Yes. According to CRA guidelines, which can be found here, as Funding Innovation is not a charity and the successful bidders are receiving tangible goods, we are required to charge Federal and Provincial tax on all items we sell.
A new print is featured on every easel every two weeks and anyone can complete a bid. At the end of each two-week period, all bids are collected and sent to our head office in Burlington Ontario. Our call centre team begins by calling the highest successful bidder first. On occasion, a print that was featured on one easel may not have received any bids. At that time we look to another easel that featured the same print, and charity which may have received multiple bids to find a home for the print. As we are trying to raise as much as possible for the charities we support, in cases such as this, multiple prints will be sold.
A Funding Innovation representative will contact you by telephone or email to congratulate you and make arrangements for payment and delivery.