Deep Dive: Determining the fund for a Personal or Corporate Karma donation
Figuring out where your donation goes and how it’s being used is probably your next question and luckily, it’s a very easy one to answer.
Each of the five funds supported by Karma donations is fueled by expenses incurred under a related MCC or merchant category code. When expenses import from your credit card, the MCC code is included in the details. Depending on the MCC of your expense, the Karma donation associated with that expense goes to one of the corresponding funds below.
Here’s a quick breakdown
MCC is Hotel -- when paying for your lodging, your Karma donation goes towards the Homes fund which supports someone to trying to end the cycle homelessness and isolation.
MCC is Airlines, Commuter, Gas, Rental, or Taxi -- when paying for your trip, your Karma donation goes towards the Climate fund which focuses on carbon offsetting and fighting climate change.
MCC is Groceries or Meals -- when paying for your meal, your Karma donation goes towards the Hunger fund which helps feed indebted school-children denied a daily meal.
MCC is Utilities, Mail, or Services -- when paying for your business services, your Karma donation goes towards the Reentry fund which assists ex-incarcerated individuals to break the cycle of recidivism.
MCC is Goods or Uncategorized -- when paying for your supplies, your Karma donation goes towards the Youth fund which helps kids who age out of the system reconnect with foster parents over a family meal.