FUNDRAISER TERMS AND CONDITIONS
By submitting a Fundraiser Request, Powerhouse Fundraising and Organization identified enter into the following Fundraiser Agreement for the purpose of providing a Fundraising Program designed to facilitate the Organization’s fundraising efforts.
Powerhouse agrees to:
1. Provide program materials, envelopes, order forms, and pay for production and printing costs.
2. Obtain necessary merchant discounts for the discount product, if applicable.
3. Use its best efforts to assist the Organization with its fundraising efforts.
4. To train and provide the Organization with proper materials to conduct the fundraiser.
School/Organization agrees to:
1. Allow Powerhouse to operate the designated fundraising program within their School or Organization. The Organization will use their best efforts to sell the product provided at the specified price.
2. Retain any funds raised collected by organization until the last day of the fundraiser, at which time the Organization will pay all amounts collected from the sale of the product minus the Organization’s profit percentage. Alternative arrangements can be made outside of this agreement for the holding and management of funds by either Powerhouse or a third-party (i.e. MoneyDolly, LLC).
3. The Organization confirms that it is not under a contractual obligation to participate in a competing non-Powerhouse program for the fundraising product that the Organization is purchasing from Powerhouse.
4. The Organization agrees to return to Powerhouse all unsold or unused fundraising product at the conclusion of the program.
5. The Organization agrees that Powerhouse may engage in fundraising activities with other organizations at the same time and with the same merchants, products, and programs. Powerhouse may distribute fundraising products to other groups to recoup costs after above agreements have been fulfilled or in the event that the program is not carried out.
6. The Organization acknowledges that neither the products requested on this form nor the preferred kick-off date are confirmed at the time of submission. All requests are subject to availability and must be confirmed or may be modified by a Powerhouse representative. Should there be any changes to the products or dates communicated after this form's submission, such alterations will not affect the validity of the remaining provisions of this contract. Furthermore, any products selected as replacements will be priced in accordance with the terms specified in this contract.
Product Pricing and Profit Allocation:
Unless otherwise recorded between the parties in the "notes" section of this form or in written communication between the parties, the retail pricing of product(s) and profit allocation will be as follows for each chosen and agreed upon product:
| Product |
Retail Price/unit |
Profit to group (of gross) |
| Discount products, including traditional plastic and digital discount cards, PowerPasses, coffee samplers, or other sellable products featuring discount offers |
$20-$30 |
Starts at $14/unit sold. At each 500 unit increments of sold product by group, profit per unit increases by $1 retroactively
|
|
Cookie dough
|
$26 |
40% |
|
Digital ship-to-home products, including catalog collections via the MoneyDolly app and any custom non-discount products via MoneyDolly app
|
$5-$50 |
40% |
|
Donations, only as collected via the MoneyDolly app
|
Various |
80% |
|
Other
|
Various |
40% |
Duration, Term, and Termination:
1. Powerhouse and the Organization agree that Powerhouse Fundraising shall be the exclusive provider for the fundraising term listed above.
2. If, for any reason, the Organization cannot perform the fundraiser, the Organization will reimburse Powerhouse for production costs using the following calculations: 25% X Units Ordered X Price/Unit. Organization agrees that this reflects costs associated with the fundraising program and it is a reasonable approximation of actual damages to Powerhouse.
ELECTRONIC SIGNATURES
The term "electronic signature" means any electronic symbol or process associated with this Agreement, made by, executed or adopted by a person with the intent to sign the record, in accordance with the provisions of applicable local, state, federal, or international law governing electronic signatures. This Agreement and any documents to be exchanged between the parties may be executed and delivered in electronic form. Merchant agrees that the electronic signatures, whether digital or encrypted, of the parties included in this Agreement are intended to authenticate this writing and to have the same force and effect as manual signatures. Merchant hereby waive any rights they may have to object to the form of execution by digital or electronic means. Each party agrees that any data, documents, and communications exchanged under this Agreement may be transmitted or communicated electronically and that such electronic communications shall be as legally binding as if in written paper form, provided they are kept in the form of verifiable records that accurately reflect the information in the communication, and remain accessible for later reference.