Crowdfunding websites propose that many small donations really do add up to successful amounts for charities. The proof is in the statistics: Fundly.com has raised over $233M, Razoo.com $73M and GiveZooks.com $49M, of those who report their totals. How effective are these platforms on the individual cause level?
On Crowdrise, the Foundation for Antarctic Research has realized its goal of raising $10K and actually overshot it by $3K for its “Save the Emperor Penguins on Snow Hill” project. On Razoo, the New Life Academy Educational Foundation Inc. has also overshot its goal of raising $100K for its FUEL “Faith-Driven Education” program. On Fundly, a private project to raise funds for a woman’s young husband who had a stroke leaving his children without an income earner, the “Medical Fund for Scott Lavigne,” has realized its goals of raising $10K.
Examples of typical crowd funding presentations on CrowdRise follow:
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