in the program, (ii) elects the amount of donation from the owner’s deposit or shares, and (iii) designates an entity described in section 170(c) to receive the donation, and (B) the financial institution or money market fund makes, directly or through a qualified aggregator, a contribution of the amount elected under subparagraph (A)(ii) to the entity designated under subparagraph (A)(iii). (2) Qualified aggregator (A) In general The term qualified aggregator means an organization— (i) which is described in section 501(c)(3) and exempt from tax under section 501(a), and (ii) the purpose of which is to facilitate charitable contributions under a qualified program by aggregating contributions from deposits and funds and payments to entities designated to receive such payments. (B) Administrative costs An entity shall not fail to be treated as a qualified aggregator solely because the entity retains a portion of contributions from deposits and funds to cover its administrative costs if the qualified aggregator provides in advance a notice of— (i) its intent to retain a portion, and (ii) the method to be used to calculate the amount to be so retained. (C) Special rule regarding status to receive charitable contributions A program shall not fail to be described in paragraph (1) merely because the ultimate recipient of a contribution is ineligible to receive charitable contributions so long as the qualified aggregator and the financial institution or money market fund (as the case may be) made an initial good faith determination that contributions to recipients under the program would be qualified under section 170(c) to receive charitable contributions. For purposes of the preceding sentence, a financial institution or money market fund may rely upon the representation of the qualified aggregator that the organizations to which distributions will be made qualify under section 170(c) to receive charitable contributions. (d) Other definitions For purposes of this section— (1) Deposit The term deposit means any