Is that "80%" figure by count of percentage of the $14MM raised, or by count of number of donations? There could be a reasonably significant difference as far as how that's interpreted...

I think it would have to be 80% of the donations, not 80% of the $14M.

40,000 donations * .8 * $100 is only $3.2M. And they where talking about donation of $100 or less.