Terms and Conditions

Effective Date: December 10, 2024

 

1. Introduction

Welcome to GroWorth Trust (“we,” “us,” “our”), a Public Benefit Organization (PBO) registered in South Africa (PBO Number: 930082699, Income Tax Reference No: 0845998251). These Terms and Conditions (“Terms”) govern your use of our website located at https://groworth.io (“Website”) and your interactions with us regarding donations and funding.

By accessing or using our Website, you agree to comply with and be bound by these Terms. If you do not agree with any part of these Terms, please do not use our Website.

 

2. Acceptance of Terms

By making a donation or funding through our Website, you acknowledge that you have read, understood, and agree to be bound by these Terms. These Terms apply to all users of the Website, including donors, contributors, and visitors.

 

3. Donations and Payments

3.1. Donation Methods

We accept donations and funding through various payment methods, including but not limited to:

  • Fiat Currencies: South African Rand (ZAR) via credit/debit cards and Instant EFT.
  • Cryptocurrencies: Including Bitcoin and other supported digital currencies.

3.2. Payment Gateways

To facilitate secure and efficient transactions, we utilize the following payment gateways:

Each payment gateway has its own set of terms and privacy policies, which you are encouraged to review.

3.3. Cryptocurrency Donations

Donations can be made using cryptocurrencies such as Bitcoin. By choosing to donate via cryptocurrency, you acknowledge the inherent risks associated with digital currencies, including price volatility and security concerns. All cryptocurrency donations are treated as assets and may be subject to valuation at the time of donation for tax purposes.

 

4. Use of Donations

All donations and funding received through our Website are used to support GroWorth Trust’s mission, including but not limited to:

  • Developing and maintaining the Linkedio service for SMEs.
  • Funding community movements, employment opportunities, support systems, and improvement programs.
  • Enhancing community economies through trade facilitation and economic empowerment initiatives.

As a PBO, GroWorth Trust reinvests all profits from donations and funding back into community and SME projects, ensuring sustainable growth and development.

 

5. Donation Receipts and Tax Compliance

5.1. Tax-Deductible Donations

GroWorth Trust is approved under Section 18A of the Income Tax Act No. 58 of 1962. Donations made to GroWorth Trust are tax-deductible for donors, subject to the following conditions:

  • Eligibility: Only bona fide donations qualify for tax deductions. Donations must be voluntary and free from any direct consideration or substantial benefits provided to the donor.
  • Receipt Requirements: All tax-deductible receipts issued by GroWorth Trust will include the following information:
    • Reference number (PBO Number: 930082699)
    • Date of the receipt
    • Name and address of GroWorth Trust
    • Name and address of the donor
    • Amount or nature of the donation if not in cash
    • Certification that the receipt is issued for the purpose of Section 18A and that the donation will be used exclusively for approved activities
    • Unique receipt number
    • Nature of the donor (e.g., individual, company)
    • Donor identification type and country of issue (if applicable)
    • Identification or registration number of the donor (if applicable)
    • Income tax reference number of the donor (if available)
    • Contact number of the donor
    • Electronic mail address of the donor
    • Trading name of the donor (if different from the registered name)

Receipts must be issued in the year when the donation is received and are subject to annual review by SARS.

5.2. Compliance Obligations

GroWorth Trust is committed to maintaining compliance with all relevant tax laws and regulations. Donors are encouraged to consult with their tax advisors to understand the tax implications of their donations.

 

6. Data Protection and Privacy

6.1. Compliance with POPIA

GroWorth Trust complies with the Protection of Personal Information Act (POPIA) to ensure the protection of your personal information. Our Privacy Policy, available here, outlines how we collect, use, store, and protect your data.

6.2. Data Collection

When making a donation or funding through our Website, we may collect the following personal information:

  • Name
  • Address
  • Contact information (email, phone number)
  • Donation amount and method
  • Payment details (handled securely by payment gateways)

6.3. Data Usage

Your personal information is used solely for processing donations, issuing tax-deductible receipts, and communicating with you about GroWorth Trust’s initiatives and updates. We do not sell or share your data with third parties without your explicit consent, except as required by law.

6.4. Data Security

We implement robust security measures to protect your personal information from unauthorized access, disclosure, alteration, or destruction. All transactions are processed through secure payment gateways with encryption protocols to safeguard your financial data.

 

7. Intellectual Property

All content on the GroWorth Trust Website, including text, graphics, logos, images, and software, is the property of GroWorth Trust or its content suppliers and is protected by South African and international copyright laws. Unauthorized use or reproduction of any material from the Website is prohibited without prior written consent from GroWorth Trust.

 

8. Limitation of Liability

GroWorth Trust strives to ensure that the information on our Website is accurate and up-to-date. However, we do not guarantee the completeness, accuracy, reliability, or suitability of the information provided. By using our Website and making donations, you agree that GroWorth Trust shall not be held liable for any direct, indirect, incidental, or consequential damages arising from your use of the Website or from any transactions conducted through it.

 

9. Refund Policy

Donations made to GroWorth Trust are considered final and non-refundable. We encourage donors to ensure the accuracy of their donation amounts and information before completing the transaction. In exceptional cases, such as technical errors, GroWorth Trust reserves the right to issue refunds at its sole discretion.

 

10. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of South Africa. Any disputes arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the South African courts.

 

11. Changes to Terms and Conditions

GroWorth Trust reserves the right to modify or update these Terms at any time without prior notice. Any changes will be effective immediately upon posting on the Website. It is your responsibility to review these Terms periodically. Continued use of the Website after any changes constitutes your acceptance of the revised Terms.

 

12. Contact Information

If you have any questions, concerns, or require further information regarding these Terms and Conditions, please contact us at:

GroWorth Trust

Email: funding@groworth.io

Address: [Insert Physical Address Here]

Phone: [Insert Contact Number Here]

 

13. Disclaimers

  • Third-Party Links: Our Website may contain links to third-party websites or services that are not owned or controlled by GroWorth Trust. We are not responsible for the content, privacy policies, or practices of any third-party sites or services.
  • No Endorsement: The inclusion of any links or references to third-party services does not constitute an endorsement or recommendation by GroWorth Trust.
  • Affiliate Disclaimers: If applicable, disclose any affiliate relationships in compliance with South African advertising standards.

 

14. Entire Agreement

These Terms constitute the entire agreement between you and GroWorth Trust regarding your use of the Website and supersede all prior agreements and understandings, whether written or oral, relating to the subject matter herein.

 

By using our Website and making a donation, you agree to these Terms and Conditions. Thank you for supporting GroWorth Trust and our mission to empower communities and SMEs through the Linkedio service.