Cancellation and refund

Payment terms

Funding Sources: Live and Lead Foundation often rely on diverse funding streams, including donations, grants, sponsorships, or government aid. Payments may come through multiple channels like online platforms, checks, direct transfers, or fundraising events.

Project-Centric Payments: Funding for Live and Lead Foundation might be project-specific, disbursed based on project milestones or predetermined goals.

Accountability and Transparency: Maintaining transparent financial practices is crucial. Live and Lead Foundation provides detailed financial reports to ensure accountability and build trust among donors.

Regulatory Compliance: Adhering to legal and regulatory norms concerning financial transactions, tax exemptions, and reporting is imperative.

Grant and Contractual Agreements: Live and Lead Foundation may receive grants or contracts from various entities. Payments adhere to terms and conditions specified in these agreements, with strict compliance to reporting guidelines.

Financial Management: Sound financial practices such as budgeting, planning, and internal controls are adopted to ensure efficient fund utilization.

Operational Expenses: Payment policies cover staff salaries, operational costs, administrative expenses, and overheads, while emphasizing the core mission’s financial support.

 

Refund policy:

Refunding Donations: Live and Lead Foundation often establish policies to address donor requests for refunds. These provisions are contingent upon factors such as the donation’s nature—whether it was a one-time contribution or a recurring gift—and any specific conditions communicated during the donation process.

Eligibility Criteria: Live and Lead Foundation might specify circumstances under which refunds could be considered. These could include cases of inadvertent donations, transactional errors, or specific conditions outlined in the foundation’s policies.

Refund Procedures: The policy may delineate the steps for donors to request refunds, such as reaching out to the Live and Lead Foundation designated department, furnishing pertinent transaction details, and supplying necessary documentation to facilitate the refund process.

Timelines for Refunds: Live and Lead Foundation might establish a timeframe for processing refund requests. This timeline could cover acknowledging requests, assessing their validity, and completing the refund transaction.

Exceptions and Discretion: Refund policies may outline exceptional situations where refunds might not be viable due to donation nature or legal restrictions. Live and Lead Foundation may reserve the right to exercise discretion in such cases.

Transparency and Communication: Emphasizing transparent communication in the refund process, the policy aims to keep donors informed about their refund requests’ status.

Compliance and Documentation: Live and Lead Foundation prioritize adherence to legal and regulatory frameworks concerning donation refunds. This includes maintaining accurate records of refund transactions and documenting refund-related communications as outlined in the policy.”