Large Pharma Matches Crowdfunding Donations

Large pharmaceutical company Johnson & Johnson has been supporting a global public health crowdfunding website for the past two years.

The CaringCrowd platform raises money from the public that is matched by J&J up to $250 per person per project with a total project max of $150,000. J&J has contributed a reported $118,000 to date.

The platform does not charge a fee to organizations who raise money there and they use Stripe to keep processing costs lower.

It won a People’s Choice award at the SXSW Interactive Innovation Awards in Austin last year.
http://medcitynews.com/2017/06/jjs-global-health-crowdfunding-website-caringcrowd/

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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: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, technology and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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