# Destination Imagination Team Fundraising and Finances | HCB

> Let your Destination Imagination team take tax-deductible donations through a 501(c)(3), and pay for tournaments and Global Finals with team debit cards.

## Who it's for

Destination Imagination Team Managers: the parents and teachers who handle a team's money, at every level from Early Learning to University.

## What HCB gives a DI team

- **Access to 501(c)(3) nonprofit status** through fiscal sponsorship by The Hack Foundation (Hack Club), without starting a nonprofit. Donations are tax-deductible, and online donors get an emailed receipt automatically.
- **A donation page** to share or embed, with an optional goal like a Global Finals budget. Teams can also take Tap to Pay donations with the HCB mobile app.
- **Team debit cards** that draw from the team's balance. Members order their own card, with a spending allowance a Manager sets.
- **Reimbursements** to parents by bank transfer or mailed check, each saved with its receipt.
- **Receipts in one place**, with weekly reminders for card purchases that are missing one.
- **Roles:** Managers, Members, and Readers. Finances are public by default and can be made private.

## What it costs

HCB is free to open, with no setup, legal, or monthly fees, and teams only pay when money comes in: one simple fee of 7% of incoming money, like donations, grants, and deposits. On a $100 donation, $93 goes to the team. There are no card, transaction, or credit card processing fees, and no fee on refunds.

Running more than one team? Each account is free to open. We suggest one account per team to keep budgets separate, or one shared account if the teams share most costs.

## How to apply

Apply at https://hcb.hackclub.com/applications/new?ref=destination-imagination. Teams can apply any time of year. Applying takes about 5 minutes, and applications are reviewed within a few business days, so teams aiming for Global Finals should apply before their Affiliate Tournament rather than waiting until they qualify. HCB is also used by more than 2,000 _FIRST_® teams.

Questions: hcb@hackclub.com.

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