Donations Policy

Sportrack donations policy

Electronic Payments for Sportspeople

Sportrack is committed to supporting sports and athletic initiatives through our donation program. This policy
outlines our approach to accepting and allocating donations within our network.

Donation Allocation

Donations received by Sportrack will be allocated according to the following 60/40 rule:

40% Corporate Social Responsibility: Companies committed to Sustainable Sports Careers are involved in promoting social inclusivity and access to the Sportrack Network, thereby increasing brand awareness in less supported careers.
20 % Partnerships: Sports institutions are open to participating in European Programs for Gender Equality, Inclusion and Sports Accessibility. The Sportrack Network is developing small and large-scale programs.
40% Product: The remaining portion will be invested in product development and improvement to enhance our users’ sports experience.

Key Principles

Revenue Channel: Donations are considered an important revenue stream for Sportrack, separate from Sports Credits Generation.
Commitment to Sports: All donations will be used to further our commitment to supporting and developing sports within our network.
Transparency: We will maintain clear records of all donations and their allocation.
No Sports Credits: Donations do not result in the generation or distribution of Sports Credits to donors.

Donation Process

Acceptance: Sportrack accepts donations from individuals, corporations, and foundations aligned with our mission.
Methods: Donations can be made online via credit/debit card, PayPal, or through direct bank transfers.
Recognition: Donors will be acknowledged according to their preference, with options for anonymity.

Use of Funds

Corporate Social Responsibility and Partnerships (60%)

Advertising campaigns to promote sports events and initiatives.
Social media marketing to increase engagement and reach.
Sponsorship of local sports teams and events.
Development of promotional materials.

Product (40%)

Enhancement of Sportrack’s digital platforms.
Development of new features to improve user experience.
Research and innovation in sports technology.
Maintenance and upgrades of existing sports facilities

Reporting

Sportrack will provide an annual report detailing the use of donation funds, ensuring transparency and accountability to our donors and stakeholders.

By implementing this donation policy, Sportrack aims to create a sustainable revenue channel that supports our commitment to sports while balancing marketing efforts and product development.