GoFundMe is a crowdfunding platform that allows people 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 $5 billion was raised on the
platform for over two million individual campaigns and 50 million
donors. For personal campaigns in the US, Canada, and the UK,
GoFundMe is a free platform. The company is based in Redwood City,
California, with offices in San Diego,
California and Dublin, Ireland,
and operations in France, Spain, Germany, and the UK.
2 Business model
4 Notable projects
6 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.
GoFundMe was founded in San Diego, California.
GoFundMe is the biggest crowdfunding platform, responsible for raising
over $5 billion since its debut in 2010.
GoFundMe receives over $140
million in donations per month. In 2016
GoFundMe made $100 million in
revenue. In June 2015, it was announced that Damphousse and
Ballester had agreed to sell a majority stake in
GoFundMe to Accel
Partners and Technology Crossover Ventures. Damphousse and Ballester
stepped down from the day-to-day oversight of the company. The deal
GoFundMe at around $600 million. In January 2017, GoFundMe
acquired CrowdRise. GoFundMe's leadership team includes Rob
Solomon (CEO), Hoang Vuong (COO & CFO), Raquel Rozas (CMO),
Chi-Chao Chang (CTO), and Daniel Gordon (VP of Trust, Policy, and
Communications). Ballester remains on the board of directors and
holds an undisclosed stake in the company.
GoFundMe allows users to create their own website with which they
raise money. During this process, members can describe their
fundraising cause and 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. If the
user receives no donations, then no charge is made. Payment
processors collect 2.9% and $.30 from each
GoFundMe is unique to crowdfunding in that they are not an
incentive-based crowdfunding website. Although it does 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.
GoFundMe targets social media platforms to create awareness for
Daniel Pfeiffer in 2015 as the
communications and policy chief. Pfeiffer previously served as an
advisor to President Barack Obama and left the company in 2017.
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.
As of November 2017, GoFundMe's terms and conditions allow for
campaigns for certain kinds of legal defense.
In November 2017,
GoFundMe announced that it will no longer charge a
5% fee per donation for US, Canada, and UK individual campaigns, and
instead rely upon tips left by donors to support the website. The
processing fee for online credit card payments will still apply to
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 $1000 to that
campaign. In 2015,
GoFundMe gave back more than $500,000. GoFundMe
employees receive $600 a year for a wellness program benefit. This
money can be used for gym memberships, gym equipment, spas, and
GoFundMe matches 401k contributions up to six percent.
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 United
States 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.
000000002013-04-16-0000April 16, 2013
Celeste & Sydney Recovery Fund
Celeste and Sydney Corcoran were both victims of the Boston Marathon
bombing. Sydney suffered severe injuries as a result of being hit with
shrapnel, and Celeste lost both legs below her knees. This campaign
page was created for their ongoing rehabilitation.
000000002013-04-16-0000April 16, 2013
Build Barbara Garcia a Home
After losing her home during the
2013 Moore tornado
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, Smith was found guilty of fraud and
other charges. On May 31, 2015, the mmsdefensefund was removed
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, 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 children. Until 2016,
Saving Eliza held the record for the most ever raised on
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
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 $5 million more than the next largest campaign. Over 90,000
people have contributed to this campaign.
donated $100,000 and waived every transaction fee for this
000000002016-06-12-0000June 12, 2016
Las Vegas Victims' Fund
$11,136,932 of $15,000,000 (as of October 22, 2017)
This fundraiser was created by
Steve Sisolak of the Clark County
Commission to help the victims of a mass shooting from the Las Vegas
Strip in Paradise, Nevada.
000000002017-10-02-0000October 2, 2017
Paying it Forward
This fundraiser was created by Kate McClure to help Johnny Bobbitt Jr,
a homeless veteran who spent his last $20 to assist McClure after her
car ran out of gas on
Interstate 95 in Philadelphia, Pennsylvania.
Bobbitt saw her on the side of the road and walked to the nearest gas
station and came back with a can of gasoline. The campaign exceeded
its goal by 4000% and later updated to assist additional homeless
people. The story was widely reported in US and international
000000002017-11-10-0000November 10, 2017
$21,289,250 (as of March 23, 2018)
This fundraiser is now GoFundMe's largest ever. TIME'S UP Legal
Defense Fund will provide subsidized legal support to women and men
who experienced sexual harassment, assault, or abuse in the workplace
and while in pursuit of their careers.
000000002017-12-20-0000December 20, 2017
March for Our Lives
$2,244,136 (as of February 23, 2018) (currently ongoing)
This fundraiser was created to support the March for Our Lives
demonstration, set to take place on March 24, 2018. Created following
the Stoneman Douglas High School Shooting by student Cameron Kasky, he
states on the page that the funds would be used for organizing the
march and everything left over would go to the fund set up for the
February 18, 2018
Stoneman Douglas Victims' Fund
$2,083,806 (as of February 23, 2018)
Created for the victims of the Stoneman Douglas High School Shooting.
GoFundMe waived its platform fees and donated $50,000 towards the
campaign. The funds raised from this campaign would go towards the
victims and their families.
February 15, 2018
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