Question 1

How does *spotfund NIL fundraising work?

Accepted Answer

Our team works with you to understand your NIL strategy and goals, figure out the best *spotfund services to activate in order to help you raise funds from fans, then we build your fundraising page(s) for you. Whether it's a sweepstakes for a Unique Fan Experience, selling tickets to an event, running a major donor match campaign, or organizing a competitive group fundraiser we build it for you. You then receive a link to fundraising page and share your campaign far and wide. After working with 100+ NIL Collectives, we've gathered best practices for sharing your link across dozens of distribution channels. You'll also have access to a shared real time fundraising dashboard that details things like: donor name, email address, phone number, how much they contributed, how they found your fundraiser if they came in from a referral or sharelink, total dollars raised for individual campaigns and total dollars raised across all *spotfund NIL campaigns. That data can be ported into your CRM.

Question 2

Are there fees to get started raising NIL funds on *spotfund?

Accepted Answer

Getting started with *spotfund is free! We don't make money until you make money.

Question 3

Do we have to build the NIL fundraising page ourselves or does *spotfund help with that?

Accepted Answer

*spotfund's NIL business provides white-glove service, with our own creative and development teams available to designs images, cut videos, and build the page so all you have to do it provide the prizing details and campaign timeline, let us do the dirty work, then share the link once we're built the fundraising page for you.

Question 4

Does *spotfund accept Apple Pay and Google Pay?

Accepted Answer

Of course we do! Users can now donate with the simple click of a button

Question 5

How do we track donations &/or contributions to our NIL Collective?

Accepted Answer

You'll have access to a shared, real-time dashboard created and maintained by *spotfund that allows you to see each donation / contribution to your campaign, the name of the donor, their email address, where they were referred from (if the donation came from a *spotfund sharelink), the dollar amount, any UTM tracking parameters, the total dollars raised for each campaign, and the total dollars raised across all of your *spotfund campaigns.

Question 6

Are contributions to NIL campaigns tax deductible for fans / alumni / sweepstakes entrants?

Accepted Answer

It depends. For profit NIL crowdfunding donations are not tax deductible for donors. Only donations to verified 501(c)(3) NIL nonprofit campaigns can be considered for a donor tax deduction. This will clearly be stated on the campaign and on the donation email receipt.

Question 7

Can we run a major donor Match Campaign?

Accepted Answer

Yes! NIL clients leverage major donor gifts to incentivize retail donors to double their impact. As you get commitments from major donors earmarked for NIL we build match campaigns with specific dollar goals and timebound deadlines to drive urgency amongst fans and alumni.

Question 8

Can we add donations that we receive offline to our *spotfund campaign metrics?

Accepted Answer

Yes. You can record donations that you have received outside of *spotfund so your campaign page reflects your complete fundraising total. From your dashboard, find your active campaign and click Update >> Add offline donation. Or, simply call, email or text the *spotfund team and we will input the offline donation for you.

Question 9

Can we install a *spotfund donation button / widget on our own NIL website?

Accepted Answer

Yes, the *spotfund web development team can design and install multiple versions of a donation widget for ongoing 'evergreen' giving and/or specific campaigns on your website.

Question 10

How do we get the NIL funds raised into our bank account?

Accepted Answer

It's super easy to link your bank account or to invite a beneficiary via your dashboard. Request your payout at any time and receive funds next business day. Nonprofit donations are automatically sent to the receiving nonprofit monthly.

Question 11

What level of service and access to *spotfund's leadership team will we have?

Accepted Answer

Your NIL Collective will be set up with a group SMS with *spotfund's CEO, CTO and CSO so you can text questions, real time edits during campaigns and urgent needs.

Question 12

Does *spotfund provide digital marketing services to help us gain awareness for our collective and individual NIL fundraisers?

Accepted Answer

Yes, we have extensive experience helping collectives architecture and execute successful digital marketing campaigns to consistently deliver 100%+ ROAS (Return On Ad Spend)

Question 13

How can I share a *spotfund NIL fundraising campaign with one click?

Accepted Answer

Click the SHARE button to quickly share to Facebook, Instagram, X, email, text, WhatsApp and LinkedIn with one tap. Need to share elsewhere? Copy the share URL and paste anywhere!

Question 14

Can we launch group fundraisers where multiple teams raise money individually for the same NIL collective and all donations are aggregated on the main NIL team page?

Accepted Answer

Yes! One of the best examples of *spotfund group fundraising is the Miss America Scholarship Organization, whom we've worked with for years. Each contestant launches her own fundraiser each year and all dollars aggregate on the main Miss America group page.

Question 15

Can we run a fundraiser with multiple beneficiaries splitting the NIL dollars raised?

Accepted Answer

Yes, *spotfund has built technology that allows for fundraising on a single campaign to be split amongst multiple beneficiaries (e.g. a for profit and a nonprofit, or multiple sports withing an NIL Collective) and we can disburse the funds directly to multiple bank accounts with one click.

Question 16

Does *spotfund handle the legal indemnification for sweepstakes?

Accepted Answer

Yes, *spotfund has already cleared no purchase necessary sweepstakes in all 50 states, so you won't need to do any legal work to gain approval to run campaigns from coast to coast.

Select Partners

Setting the standard in
NIL Fundraising

🏆 #1 Rated on Trustpilot

100+ NIL Collectives

$50M+ raised

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Common NIL Fundraising Questions

Select Partners

Setting the standard in
NIL Fundraising

🏆 #1 Rated on Trustpilot

100+ NIL Collectives

$50M+ raised

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Common NIL Fundraising Questions

Elevate your NIL
fundraising game.

Elevate your NIL
fundraising game.

Select Partners

Setting the standard in NIL Fundraising

🏆 #1 Rated on Trustpilot

100+ NIL Collectives

$50M+ raised

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Common NIL Fundraising Questions

Select Partners

Setting the standard in NIL Fundraising

🏆 #1 Rated on Trustpilot

100+ NIL Collectives

$50M+ raised

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Social Sharing Tools

Team Fundraisers

Embed Donation Widgets

Text To Donate

Common NIL Fundraising Questions

Elevate your NIL fundraising game.

Elevate your NIL fundraising game.

Setting the standard in
NIL Fundraising

Setting the standard in
NIL Fundraising

Elevate your NIL
fundraising game.

Elevate your NIL
fundraising game.