Is GoFundMe A Nonprofit? How Much Profit Do They Take?

GoFundMe is a nonprofit fundraising platform that helps people garner capital for a cause or a project. It’s beyond a mission that aids people to help each other. Whether it is a need, a medical emergency, or a cause that someone is passionate about, GoFundMe has always supported its fundraisers.

Is GoFundMe a non profit?

GoFundMe is a nonprofit fundraising organization that provides immediate or long-term relief to those affected by a disaster or a natural calamity, while other funding can also be raised like educational and initiatives come out from someone’s passion. 

GoFundMe fees for nonprofits

In the US there are no fees to initiate or manage a fundraiser. GoFundMe doesn’t charge a fess, but it does have transaction fees that are deducted from each donation received. Also, charity donors can tip GoFundMe but it is not requisite.

A transaction fee of 2.9% + 0.30¢ is automatically deducted from each donation, so you never have to worry about paying a bill.  

It covers the costs of credit and debit charges, safely delivering donations, and helps us offer more ways to donate—through credit, debit, PayPal, Apple Pay, or Google Pay. This is the only fee deducted on GoFundMe to cover all your fundraising needs.

gofundme.com

GoFundMe charges for the transaction fees

Gofundme deducts a minimal transaction fee per donation. A transaction fee of 2.9%+ 0.3 cents is automatically deducted from each donation. This makes the whole process easy because you need not worry about paying a bill. When setting up a GoFundMe account, it’s important to remember that the more successful your campaign is, the more likely you will be to receive more donations. 

How to get the best donations?

A story needs to be woven to make your donors or investors donate their money. You should know how to paint a picture through your story to easily compel the donors. The whole description or the story should answer when, where, why, and how so that the donors would never be left in a doubt.

If you want to be benefitted from a nonprofit fundraising platform like GoFundMe then you need to know how to write a captivating fundraising proposal. Here are a few pointers that you should keep in mind while writing a fundraiser proposal. 

Tips to craft a story to start your GoFundMe fundraiser

•  Highlight the details of your project by weaving each word into a beautiful story.
• Answer basic queries like who is the beneficiary, or in what ways the funds will be used.
• Explain your relationship with the beneficiary.
• Give a perfect cost breakdown of funds for better clarity.
• Research about fundraisers similar to yours and follow the guideline which they have followed.
• Never forget to add headlines and subheads in your fundraiser description to make it more decipherable or readable.
• Writing a detailed description with the usage of powerful words can help you receive more donations.
• Now you too can start raising a fund on GoFundMe and spread awareness for a cause you are passionate about. 

Check this sample campaign by the Nerdettes, a robotics team from Alabama to raise travel expenses to go to the First Tech Challenge World Championships.

Thus, starting a fundraiser is very simple with GoFundMe. All you have to do is write a crisp and detailed story. You don’t even have to pay a fee for starting your fundraiser. All you will have to pay is a very minimal transaction fee which will be deducted on its own after receiving a donation from the donor.