GOFUNDME is a crowdfunding platform that allows people in some but
not all countries to raise money for events ranging from life events
such as celebrations and graduations to challenging circumstances like
accidents and illnesses. From 2010 to 2017, over $3 billion was
raised on the platform for over 2 million individual campaigns. The
company is based in
San Diego , California.
* 1 History
* 2 Business model
* 3 Employment
* 4 Notable projects
* 5 See also
* 6 References
* 7 External links
The company was founded in May 2010 by Brad Damphousse and Andrew
Ballester. Both had previously founded Paygr which is a website
dedicated to allowing members to sell their services to the public.
Damphousse and Ballester originally created the website under the name
"CreateAFund" in 2008 but later changed the name to
making numerous upgrades to the features of the website.
headquartered in San Diego, California.
GoFundMe is the biggest crowdfunding platform responsible for raising
over three billion dollars since its debut in 2010.
over one hundred forty million dollars in donations per month. In 2016
GoFundMe made one hundred million dollars in revenue. In June 2015,
it was announced that Damphousse and Ballester had agreed to sell a
majority stake in
Accel Partners and Technology Crossover
Ventures. Damphousse and Ballester stepped down from the day-to-day
oversight of the company. The deal valued
GoFundMe at around $600
million. In January 2017,
CrowdRise . Day-to-day
operations were handed over to Rob Solomon and David Hahn. Rob Solomon
(former Groupon President) serves as chief operating officer. David
Hahn, former LinkedIn head of product, serves as the chief operating
officer. Ballester remains on the board of directors and holds an
undisclosed stake in the company.
A screenshot of a
GoFundMe crowdfunding campaign illustrating
its set goal.
GoFundMe allows users to create their own website to describe what
they are raising money for. During this process, members can describe
their fundraising cause, the amount they hope to raise, and upload
photos or video. Once the website is created,
GoFundMe allows users
to share their project with people through integrated social network
links (Facebook, Twitter, etc.) and email. People can then donate to a
user’s cause through the website using a debit card or credit card
and track the progress of their funding. Those who donate can also
leave comments on the website in support of the project. GoFundMe
generates revenue by automatically deducting a 5% fee from each
donation users receive. If the user receives no donations, then no
charge is made. This 5% fee allowed Damphousse and Ballester to run
the company without outside capital. In addition to the 5% that
GoFundMe deducts from each transaction,
WePay collects 2.9% and $0.30
GoFundMe is unique to crowdfunding in that they are not an
incentive-based crowdfunding website. Although they do allow projects
that are meant to fund other projects for musicians, inventors, etc.,
the business model is set up to allow for donations to personal causes
and life events such as medical bills.
GoFundMe also has a special
section dedicated solely to users who are trying to raise money to
cover their tuition costs. One of the most notable tuition projects
involved helping a user raise $25,000 to pay out of state tuition to a
PhD program after that user was selected among 125 applicants into
GoFundMe targets Social Media platforms to create awareness for
Daniel Pfeiffer in 2015 as the
communications and policy chief. Pfeiffer originally served as an
advisor to president Obama. Pfeiffer’s job is to help campaigns
breakout by sharing them on social media. This helps create a spike in
donations for good causes.
GoFundMe announced that the site would no longer support
legal defense funds on their platform. The news came after the site
suspended funding for the defense of
Sweet Cakes by Melissa , a bakery
that was fined for refusing to bake a cake for a same-sex wedding.
GoFundMe has received several awards including best workplace in
technology 2017, best workplace in giving back 2017, best small and
medium companies in the bay area 2017, and best medium workplace in
GoFundMe has a notable give back program where employees pick a
campaign that inspires them.
GoFundMe then donates 1,000 dollars to
that campaign. In 2015,
GoFundMe gave back more than half a million
GoFundMe employees receive 600 dollars a year for a wellness
program benefit. This money can be used for gym memberships, gym
equipment, spa’s, and dietary needs.
GoFundMe matches 401k’s up to
GoFundMe has designed their office with open floor plans
to build a collaborative work environment.
Emily Scott's Dream 2014 Sochi
Emily Scott created this project to fund her trip to the 2014
Winter Olympics . The funds helped her get to Sochi to represent the
US on the women's speed skating team .
000000002013-04-12-0000April 12, 2013
Bucks for Bauman
This project was created for Jeff Bauman after he lost both legs
during the 2013
Boston Marathon bombings
Boston Marathon bombings .
000000002013-04-16-0000April 16, 2013
Celeste speak:none">000000002013-04-16-0000April 16, 2013
Build Barbara Garcia a Home
After losing her home during the
2013 Moore tornado in Oklahoma,
Barbara Garcia was shocked to discover her dog among the wreckage in a
live news interview. Moved by her story, Erin DeRuggiero of
Minneapolis created this fund to build her a new home.
000000002013-05-21-0000May 21, 2013
Support Officer Wilson
$183,259 of $250,000 (as of August 27, 2014)
A page was set up to solicit donations in support of Ferguson,
Missouri , police officer Darren Wilson, who in self-defense shot and
killed Michael Brown . Because of the controversial issues involved,
many of the attached comments were considered highly racist and
000000002014-08-27-0000August 27, 2014
$131,796 of $200,000 (as of May 27, 2015)
Nominally a legal defense fund for Louis Daniel Smith, who faced
criminal charges in relation to him selling "MMS" (Miracle Mineral
Supplement ). On May 27, 2015 Louis Daniel Smith was found guilty of
fraud and other charges. On May 31, 2015 the mmsdefensefund was
removed from GoFundMe, (an archived copy is available).
000000002014-12-17-0000December 17, 2014
$2,025,540 (as of January 5, 2016)
Saving Eliza is a campaign about Eliza O'Neill started by Eliza’s
father Glen. Eliza is a 5-year-old girl diagnosed with Sanfilippo
Syndrome. Sanfilippo Syndrome is a form of Childhood Alzheimer's. Over
37,100 donors have made contributions. The campaign is funding
research to stop the terminal and rapidly degenerative disease in
Saving Eliza stood until 2016 as the most ever raised on
GoFundMe for a single campaign.
000000002015-04-18-0000April 18, 2015
Support The Grimmie Family
$192,396 (as of June 26, 2016)
Christina Grimmie was shot while signing
autographs after a concert at
The Plaza Live in
Orlando, Florida , and
later died of complications due to injuries. Grimmie's talent agency,
LH7 Management, created a fund for the Grimmie family to assist in
their time of need.
000000002016-06-11-0000June 11, 2016
Support Victims of Pulse Shooting
This fundraiser was created by
Equality Florida to help the victims
of a nightclub shooting in Orlando, Florida. This Campaign has
raised five million dollars more than the next largest campaign. Over
90,000 people have contributed to this campaign.
donated 100,000 dollars and waived every transaction fee for this
campaign. currently holds the record for the largest amount raised
for a single cause on GoFundMe.
000000002016-06-12-0000June 12, 2016
* Internet portal
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Alexa Internet . Retrieved August 14,
* ^ A B C Bloomberg Businessweek. "Moneymaking Ideas". Archived
from the original on June 24, 2012. Retrieved June 16, 2012.
* ^ "How to fundraise". Gofundme.com. Retrieved April 30, 2012.
* ^ West, Adam (24 April 2017). "
GoFundMe — How the World’s
Largest Social Fundraising Platform Has Garnered $3B in Donations for
Worthy Causes in 125 Countries". BadCredit.org. Retrieved 18 August
* ^ "Financia tus proyectos con donaciones". cnnexpansion.com (in
Spanish). May 20, 2012. Retrieved June 16, 2012.
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For Local Buying And Selling". Tech Crunch. Retrieved June 16, 2012.
* ^ Create A Fund. "Big News: CreateAFund Has Joined Forces With
GoFundMe". Archived from the original on June 22, 2012. Retrieved June
Crowdfunding Web Watch 2012. "Soliciting Donations From
Individuals". Retrieved June 21, 2012.
* ^ "How
GoFundMe Has Created A Three Billion
Digital Safety Net".
* ^ "
GoFundMe Founders to Reap a Fortune in Buyout". Wall Street
Journal. Retrieved June 26, 2015.
* ^ "
CrowdRise to expand to fundraising for
charities". Tech Crunch. Retrieved January 10, 2017.
* ^ "A group of investors is buying GoFundMe". Business Insider.
Retrieved June 10, 2017.
* ^ Thrillist. "Go Fund Me". Retrieved June 16, 2012.
* ^ "Can I donate using PayPal?".
Help Center. Retrieved
January 31, 2016.
* ^ "Does it cost anything?". GoFundMe. February 5, 2015.
* ^ A B
* ^ Daily Crowdsource. "Raising Money For Medical Expenses".
Retrieved June 21, 2012.
* ^ Daily Crowdsource. "Kickstart Yourself? Not So Fast!".
Retrieved June 21, 2012.
* ^ New York Times (June 2, 2012). "It’s Not Billions, Bit It Can
Help Rescue An Artist". The New York Times. Retrieved June 21, 2012.
* ^ USA Today (September 13, 2011). "Web Pleas
Help Immigrants Pay
For College". Retrieved June 16, 2012.
* ^ Hatchet, Ketih. "No, Kim Davis, You Can\'t Beg for Money on
GoFundMe". Yahoo News. Retrieved September 5, 2015.
* ^ http://reviews.greatplacetowork.com/gofundme
* ^ Posnanski, Joe (January 27, 2013). "Emily Scott\'s Olympic
dream embodied in father\'s love, strangers\' kindness". NBC.
Retrieved February 25, 2014.
* ^ Whiteside, Kelly (February 4, 2014). "U.S. speedskater\'s dream
supported by crowdfunding fans". USA Today. Retrieved February 25,
* ^ Bradford, Harry (April 20, 2013). "Jeff Bauman, Boston Marathon
Bombing Hero, Receives Over $360,000 In Online Donations". The
Huffington Post. Retrieved January 17, 2014.
* ^ Kuruvilla, Carol. "Friends use crowdfunding to collect more
than $1 million for Boston Marathon victims\' medical expenses". Daily
News. New York. Retrieved January 17, 2014.
* ^ Thorpe, Devon. "
Crowdfunding for Boston Marathon Victims Shows
Support from Around the World". Forbes. Retrieved January 17, 2014.
* ^ Moskowitz, Eric. "Marines bring hope to Marathon attack
victims". The Boston Globe. Retrieved January 17, 2014.
* ^ Fox, Zoe (May 30, 2013). "Internet Raises Money for Tornado
Victim Reunited With Dog on TV". Mashable. Retrieved February 25,
* ^ Grenoble, Ryan (June 26, 2013). "Barbara Garcia, Who Found Dog
In Oklahoma Tornado Rubble, Receives Outpouring Of Donations". The
Huffington Post. Retrieved February 25, 2014.
* ^ "Understanding GoFundMe’s Policies: Misinformation and the
‘Support Officer Darren Wilson’ Fundraising Campaign". GoFundMe.
GoFundMe. September 2, 2014. Retrieved December 1, 2014.
* ^ "Seller of "Miracle Mineral Solution" Convicted for Marketing
Toxic Chemical as a Miracle Cure".
* ^ "
Help Daniel Defend His Freedom by MMS Defense Fund -
GoFundMe". GoFundMe.com. Archived from the original on May 28, 2015.
* ^ GoFundMe
* ^ "All-Time Most Successful
* ^ Peters, Mitchell. "Christina Grimmie\'s Manager Creates
GoFundMe Account For Late Singer\'s Family". Billboard . Retrieved
June 11, 2016.
* ^ Chiu, Melody. "Selena Gomez\'s Stepfather Creates GoFundMe
Account to Raise Money for Christina Grimmie\'s Family: \'The Only
Worry I Want Them to Have at This Point is That of Recovery\'". People
. Retrieved June 11, 2016.
* ^ Whitten, Sarah. "More than $1.6 million raised for Orlando
shooting victims on GoFundMe".
CNBC . Retrieved June 13, 2016.
* ^ Wattles, Jackie. "
GoFundMe campaign raises more than $1.3
million for Pulse shooting victims".
CNBC . Retrieved June 13, 2016.
* ^ Orlando
GoFundMe campaign sets record