What is the most money donated on GoFundMe?
The Official George Floyd Memorial Fund ($14.7 million) GoFundMe has said the campaign received the highest number of donations ever on the site, with more than 500,000 people in 140 countries donating, at an average of $29 per donatio.
What’s the most money ever raised on GoFundMe?
April. America’s Food Fund becomes the largest GoFundMe of all time, raising over $44 million to help people struggling with food insecurity due to COVID-19.
Do you get to keep all the money from GoFundMe?
With GoFundMe, you keep each and every donation you receive. Your fundraiser will be able to accept donations even after your goal is reached.
What percentage does GoFundMe keep?
Yes. GoFundMe is a for-profit company. On fundraisers for individuals or businesses 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.
How many GoFundMe are successful?
For the first three years, the median campaign goal held steady at $10,000 before dipping to $7, and then $5,. Success rates fell as well with 16.8% of campaigns achieving their goals in 2016, 15.6% in 2017, 15.8% in 2018, 12.8% in 2019, and 7.8% in 2020.
Do you have to pay taxes on GoFundMe money?
Donations made to personal GoFundMe fundraisers are generally considered to be “personal gifts” which, for the most part, are not taxed as income in the United States. Additionally, these donations are not tax deductible for donors.
How much does GoFundMe make a year?
GoFundMe was founded in San Diego, California. In March 2017 GoFundMe became the biggest crowdfunding platform, responsible for raising over $3 billion since its debut in 2010. The company receives over $140 million in donations per month and made 2016 $100 million in revenue.
Does GoFundMe take 30 %?
2. How do the fees work? A transaction fee of 2.9% + 0.30¢ is automatically deducted from each donation, so you never have to worry about paying a bill.