FuneralFundMe has the shortest withdrawal processing time in the industry.
Get your money fast, when it’s needed most.
No. FuneralFundMe will only release campaign funds once a campaign has ended.
Fundraisers for funeral expenses are paid out to the funeral home providing the service.
For campaigns that are not for funeral expenses (medical bills, surviving family, financial crisis resulting from the death of a loved one etc.) you will follow the steps below:
- First, log into your FuneralFundMe account.
- Go to ‘my dashboard’ at the bottom of the drop-down menu to the left of the screen.
- On the ‘my dashboard’ page, click the green button at the top left that says ‘withdraw funds’.
- Fill out all necessary form information for bank transfer or, click request mailed check in the orange box.
- At the bottom of the page, click the submit button and a withdrawal request will be sent to our administrators.
- If you have trouble with any of these steps, contact our support team.
Most donations made on FuneralFundMe are not considered tax-deductible. However, donations made to a certified charity are tax-deductible. Check with your tax professional if you are unsure.
Donations made to FuneralFundMe campaigns are usually considered to be “personal gifts” which, for the most part, are not taxed as income.
However, there may be case-specific instances where the income is taxable (depending on amounts raised, use of funds, etc.), so we recommend that you maintain adequate records of donations received and consult a tax professional to be sure. FuneralFundMe will not report your donations as income at the end of the year, or issue any tax documents. Because every situation is different and tax rules can change from time to time, we’re unable to give any tax advice.
Direct to bank transfers generally take 2-4 business days after your withdrawal request is submitted. Mailed checks usually take between 7-10 days to receive.
Sometimes people surprise us with their generosity. In that case, that’s great for you!
Funeral homes always provide families with an itemized price list for the services required. If your campaign is a funeral fund, set up so the funds go directly to that cause- anything in excess of the amount the funeral home priced their services at will be returned to the surviving family.
In the instance that the campaign is for something other than funeral services, the beneficiary of that campaign will receive all funds collected for their cause up to, and beyond any goal amount they originally had on the campaign. You are never penalized for missing or surpassing a funding goal.