What is iKokua?
How iKokua work's in a nutshell:
- Sellers post tangible goods on iKokua.com to be sold in a virtual auction, choosing a local nonprofit to benefit from the sale.
- Buyers browse, shop and make purchases in this online environment.
- After the auction, sellers and buyers make arrangements between themselves to convey items purchased. Items that don’t sell remain with sellers, or can be reposted later. iKokua emails sellers verification of their donations (considered in-kind) for IRS tax deductions.
- Nonprofits benefit at no cost to themselves. iKokua forwards 95 percent of sale proceeds to them, while keeping just 5 percent for handling and processing.