Press and organization facts
Everything on this page is checkable. The figures carry the batch references they came from, so you can trace them rather than take our word for it.
The organization
- Legal name
- Financial Aid & Resilience Organization Inc.
- Status
- 501(c)(3) public charity Ruling date 1 December 2025. No fiscal sponsor.
- EIN
- 30-1450336
- Incorporated
- Delaware, United States
- Leadership
- Richard Johnston, Executive Director and Co-Founder Valerio Criscimanna, Director and CTO Mollie Drew, Director, client onboarding and finance
- Where we work
- Fully remote. Programs in the United States.
What FARO does
FARO helps nonprofits put money directly into people's hands. We provide the technology and the program administration for delivering financial aid on restricted prepaid Visa cards, so an organization that needs to get funds to people quickly does not have to build a card program from scratch.
It took nine months to build this with a bank: approval, compliance, controls, test cards, funding flows. We did that once. Organizations working with us inherit it, and you still complete your own bank due diligence, including identity checks on the people who control your organization.
What it costs
We charge $10 for a physical card and $7.50 for a virtual one. Reloads are free for the card's two-year life. There is no set-up fee, no monthly fee, no transaction fee, no minimum, no dormancy fee and no unload fee.
The money is always yours. Taking it off a card costs nothing. We are writing the return into the agreement. Cards carry no fees for the person holding them: no monthly fee, no inactivity fee, no ATM fee, no foreign exchange fee.
We are a nonprofit. We charge what the card costs us and nothing else.
Boilerplate
For use at the end of an article or a release.
Financial Aid & Resilience Organization Inc. is a 501(c)(3) public charity, EIN 30-1450336, incorporated in Delaware. FARO provides the technology and program administration that lets nonprofits deliver financial aid on restricted prepaid cards, charging what the cards cost and taking no percentage of the aid distributed. More at wearefaro.org.
Logos
Contact
Richard Johnston, Executive Director and Co-Founder. Use our contact form and we will reply.
If you need a figure we have not published here, ask. If we cannot show you where it came from, we will say so rather than give you the number.