Minimum/maximum donation and allocation amounts
Minimum donation amount
At CHIMP, a donation is any addition of money into the CHIMP system; this includes donations to charity, Giving Groups/Campaigns and additions to your CHIMP Account. The minimum donation amount is $5 because the processing fees imposed by financial service corporations render donations below $5 financially unviable.
If you have a CHIMP Account, there is no minimum account balance that you need to maintain. We want to empower you to give on your terms.
Maximum donation amount
The maximum amount for credit card donations is $9,999 per transaction. This is the standard limit imposed by Canada's anti-money laundering laws. Multiple and consecutive credit card donations of $9,999 are permitted. There is no limit when making donations by cheque or publicly traded securities.
Minimum and maximum allocation amount
One of the benefits of using a CHIMP Account is the ability to add funds to your account now and receive an immediate tax receipt, while waiting to transfer the funds from your account at a later date. Transferring money from an account in CHIMP (post-tax receipt) to a charity, Giving Group/Campaign, or to another person, is called an allocation. Below are the minimum and maximum allocations possible on CHIMP:
|Allocations Sent Min Allocation Max Allocation|
|To Charity $5 $1,000,000,000|
|To Giving Group/Campaign $1 $1,000,000,000|
|To a Friend $1 $1,000,000,000|