A new report released on #GivingTuesday shows that crowdfunding is rapidly becoming a major way that American’s give back to their community.
The report, issued by GoFundMe, shows that donations on the crowdfunding platform alone totaled $1.09 billion, which puts crowdfunded giving on par with donations to the top 10 of America’s largest charities.
“The disruption in the charitable giving space is happening person-to-person, community-to-community, and it’s tectonic. What’s most exciting is that it has created an entirely new way for people to respond to the needs around them.”
- $1.09 billion in donations in the last year on GoFundMe alone puts crowdfunded giving alongside the top 10 largest American charities
- Charitable giving grew 7.1% overall in 2014, according to Giving USA, while GoFundMe, the world’s largest crowdfunding platform, is growing in the triple digits
- 70% of people would take action after seeing a friend’s social media post about making a donation according to a Red Cross survey
- Sharing a GoFundMe campaign on Facebook increases donations by 350%
Check out the report’s infographic below.
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