A New Way to Give Back: GoFundMe Joins Forces with LinkedIn for Good (2024)

FAQs

Should you post a GoFundMe on LinkedIn? ›

Additionally, LinkedIn's user base is highly engaged, making it more likely that they will take action when they see a post or message related to your fundraising campaign. With its many advantages, fundraising via LinkedIn is a smart choice for any organization looking to expand its reach and raise more money.

Even if you don't reach your goal, you can withdraw every cent, minus the transaction fees. This is unlike other donation platforms that take an all-or-nothing approach, meaning you can only receive the donations if you reach your target. It's free to sign up and start a campaign on GoFundMe.

When people don't feel a personal connection to your fundraiser, they're less likely to donate. The key to fixing this is by sharing personal stories or testimonials that highlight the impact of your cause.

How much does GoFundMe charge for a $100 donation? GoFundMe, a for-profit company, applies a 2.9% payment-processing fee for each donation and an additional 30 cents per donation. To illustrate, if a campaign raises $1,000 through ten donations of $100 each, GoFundMe would collect approximately $32.

BetterWorld. BetterWorld tops the list of GoFundMe alternatives for several reasons. The first reason is its flexibility. In addition to hosting a crowdfunding campaign, you can also do a variety of other fundraisers, including online auctions, giveaways, peer-to-peer fundraising events, and monthly giving arrangements ...

What raises the most money on GoFundMe? ›

Use social media. Social media is one of your most important fundraising tools. Use your social networks to spread awareness among family, friends, and even strangers. Whether you choose TikTok, Instagram, or even NextDoor, it will help reach as many potential donors as you can.

Sales Prohibited on the Platform: You are not permitted to offer any good or service in exchange for a Donation on the Platform. Data Retention: You acknowledge that GoFundMe has no obligation to you to retain data relating to any account or Fundraiser after the conclusion of a Fundraiser.

In general, we recommend starting small. People are more likely to give to your cause if they feel they can make a measurable difference. If your fundraiser goal is $50,000, people might feel like their $30 donation won't have a significant impact.

Reaching your goal is not required. With GoFundMe, you keep each and every donation you receive. Your fundraiser will be able to accept donations even after your goal is reached. Once the goal is reached, the progress meter on your fundraiser will show that you have received more than your goal amount.

GoFundMe is a for-profit company. It charges a 2.9% payment-processing fee on each donation, along with 30 cents for every donation. That means if a campaign raised $1,000 through 10 donations of $100 each, GoFundMe would collect about $32.

If the money raised on GoFundMe is for a personal cause, such as medical expenses or home repairs, it is typically considered taxable income. However, if the money is raised for a charitable cause, it may not be subject to taxes.

If you raised money through a crowdfunding platform for personal causes, such as to get help with a medical bill or to source money for an educational goal, those funds are generally considered a gift and thus not taxable — as long as the people who donated did not receive anything as an incentive for donating.

If you are receiving Social Security Disability Insurance (SSDI) benefits, a crowdsourcing campaign will have no affect on your benefits. There are no financial restrictions around gifts or fundraising.