- Patent Title: Automatically inserting an identifier into an item record using a web interface in embedded code on a website associated with a nonprofit entity, and generating, using the identifier, an impact statement communicating a value in charitable goods and/or charitable services
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Application No.: US16829829Application Date: 2020-03-25
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Publication No.: US10853850B1Publication Date: 2020-12-01
- Inventor: Raymond J. Gary, Jr.
- Applicant: iDonate LLC
- Applicant Address: US TX Plano
- Assignee: iDonate LLC
- Current Assignee: iDonate LLC
- Current Assignee Address: US TX Plano
- Agency: Haynes and Boone, LLP
- Main IPC: G06Q30/02
- IPC: G06Q30/02 ; G06Q40/04
Abstract:
A system and method of processing, within a single procedure, cash equivalents and fix assets from any disposition class. The method includes identifying the benefactor and asset to be donation. Once identified, the asset is classified into one of three disposition classes. The disposition classes are used to determine the value for valuing. Once the value is determined, an impact statement is generated. Depending on the disposition class, the item is either converted to funds directly or through an intermediary. Once the item is converted to funds, the funds are transferred to the identified benefactor.
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