GoFundMe is an American for-profit 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.
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19 Facts About GoFundMe
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Damphousse and Ballester originally created the website under the name "CreateAFund" in 2008 but later changed the name to GoFundMe after making numerous upgrades to the features of the website.
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In March 2017 GoFundMe became the biggest crowdfunding platform, responsible for raising over $3 billion since its debut in 2010.
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GoFundMe receives over $140 million in donations per month and made 2016 $100 million in revenue.
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GoFundMe is unique to crowdfunding in that the company is not an incentive-based crowdfunding website.
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GoFundMe has a special section dedicated solely to users who are trying to raise money to cover their tuition costs.
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In 2015, GoFundMe announced that the site would no longer support legal defense funds on their platform, 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.
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8.
In June 2019 GoFundMe terminated a $3 million fund raising for an Australian rugby player, Israel Folau, to finance a court case to appeal his multi-million dollar dismissal.
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In January 2022, GoFundMe refused to release the CA$5 million funds raised for Freedom Convoy 2022.
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10.
In May 2022, GoFundMe announced the acquisition of non-profit donation site Classy.
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11.
GoFundMe has received several awards including Best Workplace in the Bay Area 2017 and Best Medium Workplace in 2016.
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GoFundMe has a notable give-back program where employees pick a campaign that inspires them.
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GoFundMe employees receive $600 a year for a wellness program benefit.
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14.
GoFundMe has designed their office with open floor plans to build a collaborative work environment.
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15.
GoFundMe has described itself as the "leader in online medical fundraising".
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GoFundMe waived its platform fees and donated $50,000 towards the campaign.
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17.
GoFundMe headquarters donated $100,000 and waived every transaction fee for this campaign.
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18.
On February 4,2022, GoFundMe announced the fundraiser had been removed from the platform for violating terms of service, specifically "violence and other unlawful activity".
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19.
GoFundMe initially stated that $9 million in donations from the fundraiser would be redistributed to "credible and established charities" and would only be refunded upon application, subject to a two-week time limit.
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