Crowdfunding2019.info
Crowdfunding harnesses the power of social networks and the internet to give people the means to raise funds, help others overcome hardship, and meet aspirational goals. With crowdfunding, you can help a friend or help an entire community. You can do everything from pay for your own surgery to fulfill a student’s dream of attending college—and so much more.
If you’ve ever found yourself wondering, “What is crowdfunding,†or, “What are the benefits of crowdfunding?†then keep reading. We’ll answer your questions about crowdfunding and give you tips on how to bring in donations.
The rise of crowdfunding
In recent years, crowdfunding has transformed the traditional fundraising landscape, breaking down barriers between those in need and those available to help them. Crowdfunding has made it possible for people to offer direct support to those who need emergency financial assistance, contributing to the larger trend of individual giving. In 2017, charitable giving by individuals grew by 4% for a total of $390.05 billion, outpacing giving by both corporations and foundations.
People often turn to crowdfunding when they can’t afford the rapidly increasing cost of medical care, or when they lack insurance to cover major medical procedures. Some sobering facts about medical costs:
- 40% of Americans can’t afford to spend $400 when faced with an emergency.
- The retail cost for 267 brand name prescription drugs widely used by older adults has risen by an average of 8.4%.
- Annual out-of-pocket medical expenses in the US have risen to $486 billion, or an average of $1,400 per person.
- 66% of people surveyed said that planning for out-of-pocket costs is both the biggest challenge and most stressful part of healthcare management.
(From GoFundMe.com)
Learn about the newest crowdfunding Platform at https://crowdunding2019.info