What is donation-based crowdfunding?

Donation-based crowdfunding offers groups of individuals the opportunity to donate money to causes and projects they care about in order to help such projects succeed.

They are typically used for not-for-profit projects, social enterprises, personal causes or community based programmes but can also be used for business projects and startup fundraising, particularly ones that appeal to personal interests and/or concerns e.g. climate tech.

Most donation-based crowdfunding platforms require crowdfunds to meet certain criteria and requirements before being accepted onto the platform.

Popular donation-based crowdfunding sites include GoFundMe, Chuffed, Classy, Fundly and FundRazr.

If you’ve spotted any inaccuracies in this post, please let us know. We want to make sure we are offering the most update to date and accurate information. Feedback is always welcome.

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