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Gofundme has reached a staggering milestone, with a total of $30 billion raised on the platform.
This is a remarkable achievement, considering the platform was founded just over a decade ago in 2010.
The $30 billion milestone is a testament to the power of crowdfunding and the generosity of people around the world.
Gofundme's rise to success can be attributed to its user-friendly interface, which makes it easy for anyone to create a campaign and share it with others.
GoFundMe News
GoFundMe is a community-powered fundraising platform that has made it safe and easy for anyone to give and get help. It has a strong track record of raising millions of dollars for various causes.
GoFundMe has launched new features such as Profiles, which is a new approach to sharing and supporting loved ones. This feature was launched in November 2024.
In 2024, GoFundMe raised over $100 million for Hurricanes Helene, a significant amount that demonstrates the platform's impact. The funds were raised through the efforts of many individuals and organizations.
GoFundMe has also partnered with Meta to launch a first-of-its-kind integration to raise more for causes. This integration was launched in October 2024.
GoFundMe.org has released its Fiscal Year 2024 Annual Report, which highlights the platform's achievements and challenges. The report provides valuable insights into the platform's performance.
GoFundMe has expanded its services to new regions, including Puerto Rico, where it launched in August 2024. This expansion aims to provide more people with access to fundraising opportunities.
GoFundMe has also introduced new payment methods, including DAFpay, which is a partnership with a leading financial institution. This new payment method was introduced in June 2024.
In addition to these developments, GoFundMe has been involved in various high-profile fundraising campaigns, including the one for the family of a teenager with cancer, which reached a target of £100,000.
Recent GoFundMe Stories
GoFundMe has been making headlines with its innovative ways to support those in need. Over $100 million was raised on GoFundMe for Hurricanes Helene in October 2024.
In November 2024, GoFundMe launched Profiles, a new approach to sharing and supporting others. This feature allows users to create a profile and share their story, making it easier for others to donate and show support.
The platform has also been in the news for its collaborations with other organizations. In October 2024, GoFundMe and Meta launched a first-of-its-kind integration to raise more funds for good causes.
GoFundMe has been a lifeline for many communities affected by natural disasters. In August 2024, the platform launched in Puerto Rico, providing a vital fundraising tool for those affected by the island's frequent hurricanes.
A GoFundMe campaign was set up to help a family who lost their home in a fire. The musician, Kevin Hufnagel, launched the campaign to help him recover from the damages done to his work and possessions.
In addition to these efforts, GoFundMe has also been in the news for its community-driven initiatives. In August 2024, GoFundMe.org released its Fiscal Year 2024 Annual Report, highlighting the platform's commitment to supporting those in need.
GoFundMe has also been a source of inspiration for many people. In July 2024, athletes competing at the Paris Games used the platform to raise funds for their training and equipment.
Liverpool was named the most generous city in the UK after a GoFundMe campaign raised over £100,000 for the city's library, which was torched during riots.
$30 Billion Raised on Crowdfunding and Nonprofit Platforms
In 2020, $30 billion was raised on crowdfunding and nonprofit platforms, a staggering figure that highlights the power of online fundraising.
This total is a significant increase from the previous year, demonstrating the growing popularity of crowdfunding as a way to support causes and individuals in need.
According to recent data, the majority of these funds were raised on platforms like GoFundMe, which has become a household name.
GoFundMe's success can be attributed to its user-friendly interface and the ability to create campaigns for a wide range of purposes, from medical expenses to community projects.
The platform's focus on transparency and accountability has also contributed to its popularity, allowing donors to see exactly how their money is being used.
As a result, GoFundMe has become a go-to resource for people seeking to make a difference in their communities and beyond.
GoFundMe
GoFundMe has been making waves in the fundraising world, with some impressive numbers to back it up. Over $100 million was raised on GoFundMe for Hurricanes Helene, a testament to the platform's ability to bring people together in times of need.
GoFundMe has also been expanding its reach, launching in Puerto Rico in August 2024. This move aims to provide a platform for those affected by natural disasters to receive support and aid.
In terms of user experience, GoFundMe has made some notable changes, including the launch of Profiles, a new approach to sharing and supporting causes. This feature allows users to create a profile and connect with others who share similar interests and values.
The platform has also been making headlines for its partnerships, such as the one with Meta, which launched a first-of-its-kind integration to raise more funds for causes. This collaboration aims to increase the impact of fundraising efforts and bring in more donations.
GoFundMe has also been in the news for its annual reports, with GoFundMe.org releasing its Fiscal Year 2024 Annual Report in August 2024. This report highlights the platform's achievements and provides insights into its growth and development.
In terms of user generosity, GoFundMe has revealed that Liverpool is the most generous city in the UK, with a notable response to a fundraising campaign in Southport. This highlights the impact that a single community can have when coming together to support a cause.
The platform has also been used to raise funds for a wide range of causes, from natural disasters to medical expenses. For example, a family of a teenager with cancer was able to reach their £100,000 target, bringing hope and relief to those affected.
Frequently Asked Questions
How much does GoFundMe take on a $100 donation?
GoFundMe takes 2.9% + $0.30 on a $100 donation, totaling $3.20 in fees. This leaves $96.80 for the fundraiser.
What are people using instead of GoFundMe?
People are turning to Givebutter, a free fundraising platform with no platform fees or subscriptions, as an alternative to GoFundMe
Does the person get all the money from GoFundMe?
No, the person receiving funds will receive all funds raised minus transaction fees deducted by GoFundMe. They can review these fees under the "Breakdown" portion of their GoFundMe account.
Do I have to pay taxes on a GoFundMe?
No, donations to personal GoFundMe fundraisers are generally not considered taxable income in the US. However, tax implications may vary depending on individual circumstances
Sources
- https://www.gofundme.com/c/newsroom
- https://www.standard.co.uk/topic/gofundme
- https://newnoisemagazine.com/news-gorguts-guitarist-kevin-hufnagel-launches-gofundme-after-house-catches-fire/
- https://www.8newsnow.com/news/business/ap-business/ap-gofundme-says-30-billion-has-been-raised-on-its-crowdfunding-and-nonprofit-giving-platforms/
- https://kffhealthnews.org/news/article/gofundme-health-care-funding-hospitals-surprise-bills/
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