is an American for-profitcrowdfundingplatform that allows people to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses.From 2010 to 2017, over $5 billion was raised on the platform for over two million individual campaigns and 50 million donors.For personal campaigns in the US, Canada, the United Kingdom, Australia, France, Germany, Ireland, Italy, the Netherlands, and Spain, GoFundMe is a free platform.The company is based inRedwood City, California, with offices inSan DiegoandDublin, and with operations inFranceSpainGermany, Italy and the United Kingdom.
The company was founded in May 2010 by Brad Damphousse and Andrew Ballester. Both had previously founded Paygr which is a website dedicated to allowing members to sell their services to the public.7Damphousse and Ballester originally created the website under the name CreateAFund in 2008 but later changed the name to GoFundMe after making numerous upgrades to the features of the website.89GoFundMe was founded inSan Diego, California.10
GoFundMe is the biggest crowdfunding platform, responsible for raising over $5 billion since its debut in 2010. GoFundMe receives over $140 million in donations per month. In 2016 GoFundMe made $100 million in revenue.11In June 2015, it was announced that Damphousse and Ballester had agreed to sell a majority stake in GoFundMe toAccel Partnersand Technology Crossover Ventures. Damphousse and Ballester stepped down from the day-to-day oversight of the company. The deal valued GoFundMe at around $600 million.12In January 2017, GoFundMe acquiredCrowdRise.13GoFundMes leadership team includes Rob Solomon (CEO), Hoang Vuong (COO & CFO), Raquel Rozas (CMO), Chi-Chao Chang (CTO), and Daniel Gordon (VP of Trust, Policy, and Communications).14Ballester remains on the board of directors and holds an undisclosed stake in the company.15
GoFundMe allows users to create their own website with which they raise money.3During this process, members can describe their fundraising cause and the amount they hope to raise, and upload photos or video.16Once the website is created, GoFundMe allows users to share their project with people through integrated social network links (Facebook, Twitter, etc.) and email. People can then donate to a users cause through the website using a debit card or credit card17and track the progress of their funding. Those who donate can also leave comments on the website in support of the project. If the user receives no donations, then no charge is made.18Payment processors collect 2.9% and $.30 from each GoFundMe transaction.19
GoFundMe is unique to crowdfunding in that they are not an incentive-based crowdfunding website. Although it does allow projects that are meant to fund other projects for musicians, inventors, etc., the business model is set up to allow for donations to personal causes and life events such as medical bills.202122GoFundMe also has a special section dedicated solely to users who are trying to raise money to cover their tuition costs.3One of the most notable tuition projects involved helping a user raise $25,000 to pay out-of-state tuition to a PhD program.23
GoFundMe targets social media platforms to create awareness for campaigns, and encourages individual users to promote their fundraiser onsocial mediathroughout a campaign. According to a 2018 report by GoFundMe based on past campaign data, a donor sharing a campaign on social media results in $15 of donations on average, while any share of a campaign on social media, regardless of whether the user donated to the campaign, results in $13 of donations on average.24GoFundMe hiredDaniel Pfeifferin 2015 as the communications and policy chief. Pfeiffer previously served as an advisor to President Barack Obama and left the company in 2017.25
In 2015, GoFundMe announced that the site would no longer support legal defense funds on their platform. The news came after the site suspended funding for the defense ofSweet Cakes by Melissa, a bakery that was fined for refusing to bake a cake for a same-sex wedding.26As of November2017update, GoFundMes terms and conditions allow for campaigns for certain kinds of legal defense.27
In November 2017, GoFundMe announced that it will no longer charge a 5% fee per donation for US, Canada, and UK individual campaigns, and instead rely upon tips left by donors to support the website.6The processing fee for online credit card payments will still apply to donations.28
GoFundMe has received several awards including best workplace in technology 2017, best workplace in giving back 2017, best small and medium companies in the bay area 2017, and best medium workplace in 2016. GoFundMe has a notable give-back program where employees pick a campaign that inspires them. GoFundMe then donates $1000 to that campaign. In 2015, GoFundMe gave back more than $500,000. GoFundMe employees receive $600 a year for a wellness program benefit. This money can be used for gym memberships, gym equipment, spas, and dietary needs. GoFundMe matches 401k contributions up to six percent. GoFundMe has designed their office with open floor plans to build a collaborative work environment.29
GoFundMe has stated that they are the leader in online medical fundraising.30One in three campaigns is intended to raise funds for medical costs, with about 250,000 campaigns for a total of $650 million in contributions each year.3031This is attributed, in part, to failures in theUnited States healthcare systemin which GoFundMe is used to bridge the gap.3032
Rob Solomon (CEO) has commented on this, saying that When we started in 2010, it wasnt purposefully set up and built to be a substitute for medical insurance. We werent ever set up to be a health care company and we still are not. But over time, people have used GoFundMe for the most important issues they are faced with.31In a 2019 interview, he further adds that the large medical fundraising is the result of severe problems in the healthcare system in the United States, stating that The system is terrible […] there are people who are not getting relief from us or from the institutions that are supposed to be there. We shouldnt be the solution to a complex set of systemic problems.33
$25,000,120 of $1 billion (as of 7July2019
Created with the goal of building a wall as private citizens to inhibit illegal entry along theU.S.-Mexico border.
$448,357 of $500,000 (as of 17January2019
Created to support former FBI agentPeter Strzokwith his legal costs and lost income after he was fired by the FBI on August 10, 2018.
$11,163,623 US ($15,185,400 Canadian dollars) (as of 19April2018
Created to support the victims and families of theHumboldt Broncos bus crash. The staff of GoFundMe got in contact with the president of the Humboldt Broncos as they work out how to distribute the money.
This fundraiser was created to support theMarch for Our Livesdemonstration, set to take place on March 24, 2018. Created following theStoneman Douglas High School Shootingby student Cameron Kasky, he states on the page that the funds would be used for organizing the march and everything left over would go to the fund set up for the victims.
This officialStoneman Douglas High School Shootingfundraiser was created by Broward Education Foundation to help the victims families, survivors and those impacted by the horrific tragedy on February 14, 2018 inParkland, Florida. GoFundMe waived its platform fees and donated $50,000 towards the campaign.
$24,205,400 of $24.5 million (as of 18January2019
TIMES UPLegal Defense Fund will provide subsidized legal support to women and men who experienced sexual harassment, assault, or abuse in the workplace and while in pursuit of their careers.
$172,471 of $10,000 (as of 17June2018
Created to support William Osman, a content creator onYouTubewhose house was burnt down by theThomas Fireon December 4, 2017. A considerable amount of the total funds raised were donated Osmans fans.
This fundraiser was created by Kate McClure, Mark DAmico, and Johnny Bobbitt Jr., in order toswindle people. Their fictitious story was that Bobbitt, a homeless veteran, spent his last $20 to assist McClure on the highway when her car ran out of the gasoline. Widely reported in the US and internationally, it exceeded its goal by 4000% but when they began publicly squabbling for the money, an investigation was launched and all three were arrested and charged withtheft by deception.
$11,874,100 of $15,000,000 (as of 12April2018
This fundraiser was created bySteve Sisolakof theClark County Commissionto help the victims ofa mass shootingfrom theLas Vegas StripinParadise, Nevada.
Fundraising organized by Puerto Rican college students living in the United States to help with Puerto Ricos recovery afterHurricane Mariastruck the island.
Stefn Karl Stefnsson, actor best known for his role ofRobbie Rottenin the childrens television showLazyTown, announced in September 2016 that he had been diagnosed withbile duct cancer.
In the following month,Julianna Rose MaurielloandChloe Lang, the two actresses ofStephaniein the same show, created a fundraiser to help Karl with his cancer by offering him a year of healing and rest. The GoFundMe page was then popularized throughInternet memesand parodies ofWe Are Number One,
a song performed by Robbie Rotten in the series.
This fundraiser was created byEquality Floridato help the victims of anightclub shootingin Orlando, Florida.
Over 90,000 people have contributed to this campaign. GoFundMe headquarters donated $100,000 and waived every transaction fee for this campaign.
American singer-songwriterChristina Grimmiewasshotwhile signing autographs after a concert atThe Plaza LiveinOrlando, Florida, and later died of complications due to injuries. Grimmies talent agency, LH7 Management, created a fund for the Grimmie family to assist in their time of need.
Saving Elizais a campaign about Eliza ONeill started by Elizas father Glen. Eliza is a 5-year-old girl diagnosed withSanfilippo syndrome, a form of childhood Alzheimers. Over 37,100 donors have made contributions.
The campaign is funding research to stop the terminal and rapidly degenerative disease in children.
$131,796 of $200,000 (as of 27May2015
Nominally a legal defense fund for Louis Daniel Smith, who faced criminal charges in relation to him selling MMS (Miracle Mineral Supplement). On May 27, 2015, Smith was found guilty of fraud and other charges.
On May 31, 2015, the mmsdefensefund was removed from GoFundMe (an archived copy is available).
$183,259 of $250,000 (as of 27August2014
A page was set up to solicit donations in support ofFerguson, Missouri, police officer Darren Wilson, whoshot and killed Michael Brown. Because of the controversial issues involved, many of the attached comments were considered highly racist and inflammatory.
After losing her home during the2013 Moore tornadoin Oklahoma, Barbara Garcia was shocked to discover her dog among the wreckage in a live news interview. Moved by her story, Erin DeRuggiero of Minneapolis created this fund to build her a new home.
This project was created for Jeff Bauman after he lost both legs during the 2013Boston Marathon bombings.
Celeste and Sydney Corcoran were both victims of theBoston Marathon bombing. Sydney suffered severe injuries as a result of being hit with shrapnel, and Celeste lost both legs below her knees. This campaign page was created for their ongoing rehabilitation.
Emily Scottcreated this project to fund her trip to the2014 Winter Olympics. The funds helped her get to Sochi to represent the United States on the womensspeed skating team.
Bloomberg Businessweek.Moneymaking Ideas. Archived fromthe originalon June 24, 2012
Why GoFundMe: Most Trusted Free Fundraising Platform.
Paygr Looks To Combine Facebook And PayPal In A Marketplace For Local Buying And Selling. Tech Crunch
Create A Fund.Big News: CreateAFund Has Joined Forces With GoFundMe. Archived fromthe originalon June 22, 2012
Crowdfunding Web Watch 2012.Soliciting Donations From Individuals
Adams, Susan.Free Market Philanthropy: GoFundMe Is Changing The Way People Give To Causes Big And Small.
How Crowdfunding Platform GoFundMe Has Created A Three Billion Digital Safety Net.
GoFundMe Founders to Reap a Fortune in Buyout.
GoFundMe acquires CrowdRise to expand to fundraising for charities. Tech Crunch
Can I donate using PayPal?. GoFundMe Help Center
Does it cost anything?. GoFundMe. February 5, 2015.
GoFundMe introduces a 0% platform fee for personal campaigns Charity Digital News.
Daily Crowdsource.Raising Money For Medical Expenses
Daily Crowdsource.Kickstart Yourself? Not So Fast!
New York Times (June 2, 2012).Its Not Billions, Bit It Can Help Rescue An Artist.
USA Today (September 13, 2011).Web Pleas Help Immigrants Pay For College
Chastain, Rilee.Live from IFC 2018: The social fundraising data report for nonprofits.
Former Obama advisor Dan Pfeiffer leaves GoFundMe. Axios. October 3, 2017.
Hatchet, Keisha.No, Kim Davis, You Cant Beg for Money on GoFundMe.
Guglielmi, Jodi.Times Up: How to Request Legal Assistance from the Movements Defense Fund.
Lunden, Ingrid.GoFundMe drops 5% Platform Fee for U.S. personal campaigns, adds tips.
McClanahan, Carolyn (August 13, 2018).People Are Raising $650 Million On GoFundMe Each Year To Attack Rising Healthcare Costs. Forbes.
Cerullo, Megan (January 30, 2019).Their twins medical costs total $750,000 each. They and thousands of others are counting on GoFundMe. CBS News.
Sisler, J. (January 9, 2012). Crowdfunding for medical expenses.
Baker, Sam (January 17, 2019).People are increasingly turning to GoFundMe for medical bills and the companys own CEO realizes thats a huge indictment of the US healthcare system.
Cummings, William (August 17, 2018).GoFundMe page for fired FBI agent Peter Strzok raises $325,000 in one day.
Laskowski, Chelsea (April 9, 2018).Humboldt Broncos fund among 5 highest-ever GoFundMe campaignsCBC News
Click here to support March for Our Lives organized by Cameron Kasky.
People have raised $280,000 for a homeless man who lent a woman his last $20.
CNN, Alaa Elassar, (December 8, 2017).Homeless veteran who received thousands in donations now paying it forward.
Murray, Kelley (September 7, 2018).Homeless veteran will get the $400,000 owed to him from GoFundMe campaign.
Neuman, Scott (September 7, 2018).Police Raid Home Of New Jersey Couple Who Raised $400,000 For Homeless Man.
Romo, Vanessa (November 15, 2018).New Jersey Couples GoFundMe Campaign To Help Homeless Man Was Predicated On A Lie
We Are Number One Meme: Why Do People Keep Remixing A Childrens Show Song?.
Whitten, Sarah.More than $1.6 million raised for Orlando shooting victims on GoFundMeCNBC
Wattles, Jackie.GoFundMe campaign raises more than $1.3 million for Pulse shooting victimsCNBC
Chillag, Jackie Wattles and Amy (June 14, 2016).Orlando GoFundMe campaign sets record.
Peters, Mitchell.Christina Grimmies Manager Creates GoFundMe Account For Late Singers Family.
Chiu, Melody.Selena Gomezs Stepfather Creates GoFundMe Account to Raise Money for Christina Grimmies Family: The Only Worry I Want Them to Have at This Point is That of Recovery
Seller of Miracle Mineral Solution Convicted for Marketing Toxic Chemical as a Miracle Cure.
Help Daniel Defend His Freedom by MMS Defense Fund GoFundMe.
Understanding GoFundMes Policies: Misinformation and the Support Officer Darren Wilson Fundraising Campaign.
Fox, Zoe (May 30, ternet Raises Money for Tornado Victim Reunited With Dog on TV.
Grenoble, Ryan (June 26, 2013).Barbara Garcia, Who Found Dog In Oklahoma Tornado Rubble, Receives Outpouring Of Donations.
Bradford, Harry (April 20, 2013).Jeff Bauman, Boston Marathon Bombing Hero, Receives Over $360,000 In Online Donations.
Kuruvilla, Carol.Friends use crowdfunding to collect more than $1 million for Boston Marathon victims medical expenses.
Thorpe, Devon.Crowdfunding for Boston Marathon Victims Shows Support from Around the World.
Moskowitz, Eric.Marines bring hope to Marathon attack victims.
Posnanski, Joe (January 27, 2013).Emily Scotts Olympic dream embodied in fathers love, strangers kindness. NBC
Whiteside, Kelly (February 4, 2014).U.S. speedskaters dream supported by crowdfunding fans.
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This page was last edited on 12 July 2019, at 00:11