Can I Receive The Proceeds Into Personal Bank Account?

Short Answer

Yes, but we highly recommend using the organization's bank account for direct payment.

Recommended Approach

Direct to Organization

• Funds go straight to the non-profit organization

• Maximum transparency

• Clear audit trail

• Immediate benefit to the organization

• Simplifies accounting and reporting

Alternative Option

Personal/Business Account

If you choose to use your personal or business account:

• You become responsible for:

  • Transferring funds to the organization

  • Proper disbursement of proceeds

  • Maintaining records

  • Tax implications

  • Demonstrating transparency

• Must ensure timely transfer to organization

• Should keep clear records of transfers