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Wednesday
Jun242009

How Unused Gift Cards Can Support Nonprofits

Do you have a pile of gift cards stuffed in an old draw? Chances are they will probably lie around for a while and the next thing you know, they expired. It’s hard to believe, but approximately $40 billion in unused gift cards is sitting in US kitchen and sock drawers, an average of $400 per household. What a huge waste of money.

Plastic Jungle, a company that sells, buys, exchanges, and donates gift cards agrees and recently started to raise money for nonprofits by encouraging people to donate their unused gift cards to DonorsChoose.org and other nonprofits. Here’s how it works.

Web visitors can list gift cards for sale on Plastic Jungle, or cash in cards with a minimum balance of $25 directly for up to 85% of the card balance. Users exchange their unwanted or partially used gift cards and donate the cards with a minimum balance of $10 to benefit a list of nonprofits or DonorsChoose.org, a really cool organization that connects people to public school classrooms in need. As a donor, you choose which project you would like your donation to support.

Plastic Jungle is also starting to expand their nonprofit outreach efforts to raise money for additional organizations. Sound interesting? Contact them for more info.

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Reader Comments (2)

Also keep in mind the new credit card laws that Obama passed in May. Specifically,

Limits Fees on Gift and Stored Value Cards: The act enhances disclosure on fees for gift and stored value cards and restricts inactivity fees unless the card has been inactive for at least 12 months.

From here: http://www.whitehouse.gov/the_press_office/Fact-Sheet-Reforms-to-Protect-American-Credit-Card-Holders/

-habeyhl
(Follow me on Twitter - @habeyhl)
June 24, 2009 | Unregistered Commenterhabeyhl
Great idea, thanks for this tip!
August 16, 2009 | Unregistered Commentergratis downloaden

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