The Mondego Fund
Transparency & Accountability
saves lives
Every day, social media is awash with scammers posing as animal rescues, looking for cash donations. There are even reports of animals being injured on purpose to convince people to make a donation.
To save lives, we need to demand more transparency and accountability. That’s why, at KindBunch, we have a real-time public ledger, available to everyone, showing exactly how much money is being raised and how much money is being donated and to whom.
We want to be part of the solution. Not the problem.
how it works
The Mondego Fund Ledger
Welcome to our Fund Ledger – a public log of all transactions in our platform. We make this ledger available for all to see because the Animal Welfare sector needs transparency. This platform was built to help save lives. It is not for profit.
So, here is how it works – below, in the pink box, you can see exactly how much is available in the Fund at this very moment.
We run a simple shop – we take money from the business community, then distribute it throughout our community members, who, in turn, donate their credits to animal rescues of their choice.
We charge a specific fee per service, which is donated to the Mondego Fund, and then distributed to verified animal rescues in our Appeals Directory. Every dime is accounted for on this public ledger.
We raise money from the business community. For example, when a business adds a listing to our directory, 100% of their listing fee is deposited in the fund. You can track all payments made in the “Incoming payments” tab.
Learn more about how we raise money with the business community:
As a member, you earn credits from the fund just by interacting in our community. And, each day, you can donate your earnings to any animal rescue you wish. You can track the funds you raise right here, under the “My Wallet” tab, or, directly in your account from your Account Wallet.
Mondego was my boy, who passed in August 2021 at 14 years of age. I wrote about him in the About Us page and his memory will be kept alive on this profile.
Track your own points ledger from your wallet on your profile.
For each payment, we charge a 10% handling fee that we add in our Admin Fund. This money covers costs incurred in the running of this platform, like gateway fees, hosting costs, tech support, tools, marketing, etc. All these payments are accounted for below under “The Admin Wallet”.
Admin & moderators work on a volunteer basis. We do not take salaries or charge personal expenses.
We cannot register as a not-for-profit because when a business registers in our platform, they are paying for a service. Although we distribute that money to animal rescues, the business receives a service in exchange for the money they pay us. In other words, by law, we are a service provider.
Since the platform is so big, we have designed a simple point system for business owners to work with KindBunch.
Business members are people who wish to be part of the community because they have something to promote – a product, a brand or a service.
In exchange for our attention, we charge them a fee per month. This fee is deposited in the Mondego Fund and it is then distributed among the community members, who can then donate to the rescue of their choice.
Each month, we publish a PDF on this page that will include every payment we receive.
We raise money from :
- Our Ad Network (visible to members only)
- Business memberships in our community
- Listings in our Business Directory
- Bookings in our Business Directory
A log of all donations made by members to appeals. Our members earn points for each interaction in the community, like sharing photos, leaving comments, etc. Each day, each member can donate the points they earn to any animal rescue they wish to support.
Each of those donations will be logged here.
On the left column you’ll find the donor. On the right-hand column, you’ll find who the donation was made to.
To view the donations you have made, login to your account in the Appeals directory to find your donations log in the dashboard.
Each month, we publish here the logs of all withdrawals made by the animal rescues you donated your points to. It is thanks to your support that rescues can work to save more lives.
For animal rescues, withdraw your earnings directly into your Paypal account from your wallet on your dashboard. You’ll need a verified Paypal account. Once set, you can start withdrawing.
Below, you can see how you earn points.
As long as there are funds available, you will be rewarded for your activity in the community. If the fund is empty, you will not receive any point.
Exchange rate : 1 point = €1 (EURO) or approx. US$1.
| Instance | Amount | Limit |
|---|---|---|
| Points for adding new forum post | 0.0001 | No limit |
| Points for new comment | 0.0001 | No limit |
Admin holds 10% over all payments received by this platform. This money will cover gateway fees charged by Paypal /Stripe. Additionally, this money will be used to cover costs of hosting this platform – hosting, storage, CDNs, tech support, tools, marketing, etc.
From our official launch date, all costs incurred will be listed in our monthly expenditure PDF available for members to review.
For now, costs have been covered privately by me, the KindBunch admin and developer. As admin, I don’t take a salary or any other personal expense from the fund. If you like the work I’m doing at KindBunch, my pack will be very grateful for any snacks you donate to them. More about me and my pack here.
Got a question?
If in doubt, just ask.