Charity Crowdfunding Platform Profits By Helping Others

If charity begins at home, GoFundMe is a great example of that.

With over $3 billion raised from more than 25 million donors since it started in 2010, quick and dirty math suggests that its owners have pulled in more than $150 million at 5% per $1 raised.

Fast Company calls it the biggest crowdfunding platform on earth. It caters “not just people looking for funds for themselves, but the proverbial Good Samaritan” who wants to help others in need.

Good doing well by staying non-partisan.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Tax and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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