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Overview

Launched in May 2010 and based in San Diego, CA, GoFundMe has quickly become the #1 crowdfunding website in the world for personal causes and life-events. Hundreds of thousands of people have raised over $260M for the things that matter to them most. GoFundMe users can choose to create a) Personal Donation Campaigns, b) Charity Fundraising Campaigns or c) All-or-Nothing Crowdfunding Campaigns.

The service operates in the U.S., Canada, Australia, The U.K. and in E.U. countries that use the Euro as their currency. Having received no outside capital or investment, GoFundMe answers only to its users! GoFundMe charges a 5% fee on all transactions. Unlike other sites, we do not increase our fee on campaigns that fail to reach their goal.

Key Points

  • GoFundMe users have raised $260M from over 3M donors!
  • #1 crowdfunding website for personal causes (by a lot). GoFundMe is now a top '564' website
  • $30M+ is raised each month by tens of thousands of users.
  • Personal campaign donations come mostly from family & friends, not strangers.
  • GoFundMe charges a 5% fee on all campaigns. The fee remains the same if the goal is not reached.
  • Unprecedented customer service email response times of 5 minutes or less!
  • View our list of the Top 10 Crowdfunding Websites here.

Top 5 Media Questions

  • What is GoFundMe all about?
    The beauty of GoFundMe is that it allows campaign organizers to invite others to take part in their story. Just as we share parts of our lives on Facebook, we also want to share our dreams, pursuits, celebrations and challenges online with crowdfunding. People will always be eager to support others they care about. GoFundMe removes the physical barriers traditionally associated with receiving financial support from the people in our lives.

  • How much does it cost to use GoFundMe?
    GoFundMe operates on only a 5% fee deducted from each donation received. Very few organizations can claim they help as many people on such a small percentage of gross payment volume. While GoFundMe is a for-profit company, let's see how our operating costs measure up against some famous charities dedicated to helping others: Red Cross (7.7%), Susan G. Koman for the Cure (17.8%) Wounded Warrior Project (44.8%).

    In short, GoFundMe is an incredibly efficient and effective way to provide financial support to those you care about most. Not only can donors give in an extremely targeted way, but more money goes directly to the intended recipients than other organizations can claim.

  • Why does GoFundMe have to charge 5%?
    GoFundMe has major operating expenses like any popular internet service including technology, infrastructure, payroll & benefits for our dedicated team of employees. We have purposely created a business model that allows users to sign-up and launch their campaign for free. Visitors to our users' campaigns are greeted with a frustration-free giving experience, void of advertisements and other distractions - helping our users raise even more money.

  • How does GoFundMe guarantee the authenticity of every campaign?
    With hundreds-of-thousands of campaigns, it's not feasible for GoFundMe to investigate the claims stated by each campaign organizer. Rather, we provide visitors with the tools to make an informed decision as to who they choose to support. While GoFundMe and its payment partners do provide a number of safeguards to deter fraud, we must insist that visitors follow the advice stated on each and every campaign. "Only donate to people you personally know & trust." For more information, please visit: http://www.gofundme.com/safety

  • What are the most popular ways people use GoFundMe?
    The top 5 areas of usage on GoFundMe are 1) Medical 2) Educational 3) Volunteerism 4) Personal Emergencies and 5) Sports & Teams. That said, the categories listed on our homepage reflect how GoFundMe is used to cover the costs associated with the 'long-tail' of everyday life.

History

In 2008 Brad Damphousse wanted to save up for a vacation. Frustrated that savings accounts were so difficult to open online, he decided that a web-based 'social' savings account - one that allowed others to make deposits - would be more fun. That idea sparked the journey that would eventually result in one of the world's most successful crowdfunding platforms.

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