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That makes it possible to raise money for unexpected expenses, medical bills, and other issues that might normally drive someone toward bankruptcy. Individuals can start a campaign for virtually any purpose as well. Then they could use their social platforms, digital networking, and other forms of outreach to encourage almost anyone in the world to make a donation.Ĭompanies are not the only ones who can raise money on this site. When the site became a reality in May 2010, people could put up a campaign which allowed them to raise money for a specific cause. The process of GoFundMe is rather simple. GoFundMe made it possible to reach out online to raise these funds without the administrative expenses of hosting an event.

Non-profits would use these ideas to help them meet their budgetary needs.

Companies would often run fun events, like concerts, auctions, or competitions that would help them to raise money for charitable organizations. Crowdfunding transformed the ways that we raise money for specific causes.