Facebook is eliminating all payment transaction fees on donations made to nonprofits, Facebook CEO Mark Zuckerberg announced at the company’s second annual Social Good Summit in New York.

The new measure is one of several announced during the one-hour keynote session on Wednesday that could make Facebook a more useful, cost-effective way to crowdsource support for fundraising initiatives and organizations.

Facebook’s decision to absorb all transaction costs — and ensure that 100 percent of donations through Facebook payments to nonprofits reach the intended donations — could be a boon for many organizations in the development sector.

“The idea here is that we want to double down on helping to support communities recovering from disaster and to support the causes we want to support,” Zuckerberg told a crowd of about 300 people inside a converted warehouse space in downtown Manhattan.

Read the full article about Facebook ending fees on donations to NGOs by Amy Lieberman at Devex International Development.