NEW YORK (AP) — GoFundMe crowdfunding campaigns have generated $30 billion since 2010, the fundraising platform announced Tuesday, as younger generations look beyond institutions to make their donations.
GoFundMe, a privately held, for-profit company, has annually released the total amount raised on its crowdfunding platform since its founding, but hasn't published a breakdown of funds raised in an individual year.
Part of that growth includes GoFundMe's acquisition of Classy in 2022, which is an online platform that facilitates giving to nonprofit organizations.
It's not yet clear how much giving through a crowdfunding campaign has supplanted giving to nonprofit organizations, Soskis said, in part because data about crowdfunding is less public.
Other platforms also facilitate online crowdfunding, besides GoFundMe.
Persons:
GoFundMe, Tim Cadogan, GoFundMe's, Gen, Indiana University Lilly, “, we’ve, ” Cadogan, hasn't, Cadogan, “ That’s, Damar, ’ ”, Margaret Richardson, Hamlin, —, Benjamin Soskis, It's, Soskis, ” Soskis, it's, Meta, ”
Organizations:
Indiana University, Indiana University Lilly Family School of Philanthropy, Associated Press, Buffalo Bills, Corporate, Hamlin, M’s, Urban Institute, Nonprofit, IRS, Facebook, Associated, Lilly Endowment Inc, AP
Locations:
U.S, Uvalde , Texas, ecommerce, GoFundMe