The NPO PROGRAM gives a company the opportunity to contribute to a nonprofit organization by donating its non-performing receivables. The program enables a company to significantly increase its overall level of giving to the NPO without expending extra funds.

Benefits to the Nonprofit Organization:

Opportunity for current donors to expand their giving

New entry point for non-donors

Adds a new dimension to a current fund-raising drive or campaign

Participation in the program is simple and requires very little employee time and effort. A company has a portfolio of "bad debt" available to donate to a nonprofit group. The Corporate Donor or NPO contracts with Poseidon Capital Funding to liquidate the bad debt portfolio. Poseidon Capital Funding facilitates the sale of the portfolio and presents the donated funds to the NPO.


Frequently Asked Questions
How great is the potential financial benefit for a nonprofit organization?
It's a verifiable fact that there are billions of dollars of dab debt lying absolutely dormant in basements, file cabinets, computer discs and closets across the nation. There is a tremendous opportunity for an NPO to benefit from the nonprofit organization program.

What kinds of debt are eligible to be donated?
Any debt that is legally collectable.

What size of bad debt portfolio can be donated?
$500,000 and higher

What is the risk for the Nonprofit Organization that receives the donation?
None. The NPO simply accepts the cash gift. Extra care is taken to protect the public image of the organization.

What is the risk for the donor?
None. There is total contractual indemnification for the donor.

Is a charitable contribution deduction applicable?
No. To avoid any legal conflicts, accounts should be 100% charged-off prior to donation.

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