GoFundMe

GoFundMe

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Updated Jan 09, 2020 at 08:41AM EST by Y F.

Added Oct 03, 2017 at 03:48PM EDT by Matt.

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About

GoFundMe is an online crowdfunding platform used to raise money for personal projects, necessities and life events, ranging from healthcare costs and charity projects to graduations. Similar to Kickstarter.



History

On May 10th, 2010, Brad Damphousse and Andrew Ballester founded GoFundMe, originally based on the idea "CreateAFund" the two had in 2008. Since its launch, GoFundMe has raised more than $4 billion, receiving more than that $140 million in donations per month and more tahn 40 million donors. The site has raised money on more than 2 million individual campaigns.[1]

News Coverage

Numerous news outlets have covered GoFundMe and its various projects, including The New York Times,[2][3] CNN,[4] The Atlantic[5] and more.

Social Media Presence

On February 9th, 2010, GoFundMe launched their Twitter [6] account, garnering more than 580,000 followers in seven years.

On April 16th, 2012, GoFundMe's Facebook [7] page launched. Within five years, the page has received more than 1.1 million likes and follows. Additionally, the company's Instagram [8] account has more than 22,000 followers.

Features

A GoFundMe account can be set up for free either through the user's email address or Facebook account. On the sign-up page, the company lays out its fees, requiring 5% for each donation and a processor fee of 2.9% + $.30 per donation.[9] Once signed in, users can start a fundraiser. The website walks through four steps, including creation, sharing, accepting donation, and results.[10]


Step One eYour Fundraising Campaign There's no easier way to share your story and attract support. Step Two Share with Family and Friends Our built-in connections to Facebook, Twitter & Email make sharing a breeze. Step Three Easily Accept Donations Receive your money by requesting a check or bank transfer. Step Four Enjoy the Results Make changes, post updates and send thank-you notes from your dashboard.

GoFundMe breaks the projects down into different categories, including education, medical, charity, emergencies, animals, memorials, volunteer, sports, wishes, competitions, newlyweds, faith, travel, creative, community, events, business and family.

Highlights

Top Grossing Projects

The top-funded campaign on GoFundMe went towards the project Support Victims of Pulse Shooting. Started on June 12th, 2016, the campaign raised more than $7.8 million. With more than 90,000 people contributing to the campaign, GoFundMe waved transaction fees for the campaign.[11]

On October 3rd, 2017, CNN[14] reported that a GoFundMe launched for the mass shooting in Las Vegas collected more than $3.2 million in less than 48 hours, making it the second most successful campaign in the site's history.

Healthcare Costs

On Jun 15th, 2017, Quartz[12] reported that $930 million of the $2 billion raised between 2010 and 2016 went health-related causes. Bloomberg[13] said, "Crowdfunding platforms such as GoFundMe and YouCaring have turned sympathy for Americans drowning in medical expenses into a cottage industry."

Traffic

According to Alexa,[15] GoFundMe has a global rank of 1,372 and a United States rank of 379 as of October 2017.

Search Interest

External References

Recent Videos 1 total

Recent Images 29 total


Top Comments

Timey16
Timey16

I mean, $3 million is amazing an all…

…but isn't it kinda sad that GoFundMe has to be used to pay for the Healthcare of Americans in need in the first place? That the money was raised is something to be proud of… that it HAD to be raised in the first place should not be something to be proud of.

+7

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