Charity is dying. No problem: here’s crowdfunding to the rescue!
Does charity have a heart-attack?
As crowdfunding spreads, as donors and investors give their money for funding different projects and ideas, as online platforms, such as Kickstarter, Indiegogo and GoFundMe become more and more popular, as people seek investors online and no longer at huge expensive fund-raising events, charity has come to be seen as an endangered species.
But is it quite so?
I think it is downright panicky to say that crowdfunding is eating charity alive, and there will be no more of it. Well, charity projects are still in work, give it a search on Google, if you don’t believe me, and crowdfunding is not so much different from charity. In fact, it combines most of its principles.
Crowdfunding is not watching charity die. It’s there to keep it alive!
It is true that maybe people no longer give money in the traditional way they used to. Times change, people change, and so do their ways. I think that without the possibility of crowd funding, charity would’ve seen a slow death. So, now we have internet and charity combined! It couldn’t be more easy now to invest, help and support!
GoFundMe even introduced in 2010 another type of crowdfunding. I’m speaking of donation-based crowdfunding, by which people can raise money for injuries, accidents, healthcare costs or personal causes. Take a look at our [infographic] Top 5 crowdfunding platforms, if you wish to learn more about it.
I wouldn’t say charity is reduced to nothing by crowdfunding. Quite the opposite. Let’s see why.
GoFundMe is not the only platform making charity and crowdfunding embrace. As Joanne Fritz suggests there are so many platforms and startups in this domain that it is hard to keep up. GiveNow.com.au, GeeFunding and CharitySub are just some examples. Joanne Fritz shows her liking for small charities, on which CharitySub focuses. The organization “teams up with three charities each month” ( Read more…) and the donors give $5 each month, picking up the charity they want to receive their investment. What’s great about this project is that the users get a monthly giving, called a subscription.
What about the money?
Of course, when using a crowdfunding platform, such as Indiegogo or GoFundMe, you have to pay a fee. It’s not that much, for example Indiegogo will substract 4% for projects which met their goal and 9% for those which failed.
However, if you think of the money you can raise, that’s not such a huge sum to pay. Think only that in 2013 $5 billion was raised through global crowdfunding, of which 30% went to social causes. (Read more…)
A brilliant example is Zack Danger Brown‘s Potato Salad, which initially pledged for a $10 goal and raised $43,717 up till now. Read all about it in our article His idea of crowdfunding. A potato salad!
I think you’re quite convinced now that crowdfunding and charity are tight as thieves and wouldn’t commit murder. Are you? Well, leave us a comment below!