American Friends of The Ocean Cleanup, Foundation

Donation Terms and Conditions

1. DEFINITIONS

  1. American Friends of The Ocean Cleanup (“AFTOC”) is a non-profit non-stock Delaware corporation and public charity under the U.S Internal Revenue Code sections 170(c)(2)(b) and 501(c)(3) respectively.
  2. Goal: AFTOC is committed to preserving and protecting the natural ocean environment for the benefit of the public including (i) promoting and funding the environmentally friendly, large-scale and efficient extraction of waste from oceans, seas, rivers and other waterways; and (ii) promoting and funding the environmentally friendly recycling of such waste.
  3. Donation: any asset, including any monetary amount, cryptocurrency and stocks, donated by a Donor to AFTOC, by means of electronic authorization through the website of AFTOC or otherwise.
  4. Donor: a natural or legal person who donates, has donated or will donate a Donation to AFTOC.

2. APPLICABILITY

  1. These Terms and Conditions apply to every Donation. By making a Donation, the Donor agrees to be bound to these Terms and Conditions.
  2. AFTOC uses the personal data of each Donor to process its Donation. AFTOC will not share this personal data with third parties beyond what is set out in the Privacy and Cookie Notice on the website and in compliance with applicable laws.

3. DONATIONS

    1. By making a Donation, a Donor agrees that AFTOC can use such Donation domestically or internationally, at its own discretion, but only within the scope of the Goal. Donations may be transferred in full or in part to other foundations, institutions, and/or other third parties, domestically or internationally, to the extent AFTOC has reasonably assured itself that such Donations will be used within the scope of the Goal. A portion of the Donations will be used for administrative costs.

    (a) With specific regard to Donations in cryptocurrency or stocks, these shall be automatically liquidated upon receipt, with the proceeds being converted to cash. However, AFTOC reserves the right to reconsider and adjust its strategy regarding cryptocurrency and stock donations in the future.

    1. A Donation is irrevocable.
    2. Recurring monthly Donations can be cancelled upon request by the Donor, by contacting us through our website contact form.
    3. AFTOC will provide a Donor with a donation confirmation for single donations of at least $250. For Donations under $250, a donation confirmation will be made available upon request, by contacting us though our website contact form.
    4. Donations to AFTOC, including those made in cryptocurrency and stock, are generally tax-deductible to the extent allowed by law in the United States. With regard to Donations in cryptocurrency or stocks, there may be additional considerations. It is advised to consult with a local tax professional for more details regarding potential tax deductibility. For other countries, please also check with your local tax adviser regarding tax deductions of charitable contributions to AFTOC.

4. FINAL PROVISIONS

  1. AFTOC reserves the right to amend these Terms and Conditions at any time.
  2. All disputes and controversies arising out of or relating to a Donation(s), these Terms and Conditions, or the relationship between Donor and AFTOC shall be fully and finally resolved under the Commercial Arbitration Rules of the American Arbitration Association in front of a sole arbitrator. The place of arbitration shall be New York, New York. The language of the arbitration shall be English.
  3. New York law applies to a Donation(s) and these Terms and Conditions and governs the relationship between a Donor(s) and AFTOC.