GoFundMe Milestone: Surpassed $3 Billion Raised on Crowdfunding Platform

Money

Earlier this week, GoFundMe announced it has surpassed $3 million in funds raised from more than 25 million donors through its global crowdfunding platform. Speaking about the milestone, the GoFundMe team explained:

“GoFundMe’s giving community has come together to support those who need help time and again, including raising more than $11 million for those affected by the Louisiana floods and $7.8 million for the victims of the Pulse shooting in Orlando. Viral campaigns likeChicago’s Fidencio the Paleta Man and Memphis’s Chauncy’s Chance drew generosity from donors around the world and inspired dozens of similar campaigns to changes the lives of others.”

The funding portal stated that this milestone comes on the heels of record-breaking campaigns which includes delivering help to educators and their classrooms, families affected by illness or disaster, and community members in need. Some of the latest campaigns that have been dedicated to the victims of Hurricane Matthew. It was noted at the time:

As we all continue to help those affected by Hurricane Matthew, here’s an overview of how we ensure every dollar gets to the right person. We deploy proprietary technical tools and have multiple processes in place to verify the identities of campaign organizers and intended recipients of campaign funds, also known as beneficiaries. We also use other measures on par with the financial services industry in order to prevent misuse. In addition to these technical tools, our dedicated team of experts work around the clock to vet campaigns and investigate anything suspicious. When members of our giving community of more than 25 million users see something that’s not right, they tell us and we look into it.”

Sponsored Links by DQ Promote

Send this to a friend