Kaleidoscope’s full-service disbursement platform makes it easy to distribute and track money awarded to recipients. Leverage Kaleidoscope’s industry-leading technology to make awarding and disbursing payments a seamless and positive experience, while eliminating the administrative burden from your team.
Kaleidoscope builds an Award Acceptance form that is sent directly to students to gather their information, like student IDs and addresses. We serve as students’ point of contact and are here to answer questions and guide them through the acceptance process.
Collection of Funds
We will create a dedicated account for the disbursement of your organization’s funds, which is updated and reconciled daily.
Payments can be processed via wire, ACH, check, Stripe and on a virtual Kaleidoscope Pre-Paid Debit Card. Our team verifies all data provided by students on their Award Acceptance forms, and we track and verify the receipt and use of funds.
Kaleidoscope works with entities across the spectrum, and we will work with your unique program needs to ensure all taxable events are recorded and reported accurately.
Why disburse your funds with Kaleidoscope?
Make Decisions on Your Timeline
You can trigger disbursements at any time. Once you hit send, our team will verify all information is correct and promptly send payments to applicants.
Enhanced Applicant Experience
Applicants appreciate receiving funding through a secure direct bank transfer and having an experienced team guide them through the process.
Keeping up-to-date on the status of your disbursements can be a challenge. Kaleidoscope generates easy-to-understand reporting to ensure you’re able to access the financial information your organization needs.
More Time for Your Mission
Let us manage the collection of information, follow-up with students, tax forms and other admin work so you can focus on your organization’s mission.