Is GoFundMe trustworthy?
Is GoFundMe Legit? With over $9 billion raised from more than 120 million donations, GoFundMe offers users a proven and legitimate platform for fundraising. … We also work to ensure that all donations are delivered securely to the right person.
Does GoFundMe charity take a percentage?
Free: there is a 0% platform fee and only an industry-standard payment processing fee of 1.9% + $0.30 per donation. Donors have the option to tip GoFundMe Charity to support our business. If a charity receives a donation of $100, they will net $97.80. … Learn more about pricing here on GoFundMe Charity.
Does GoFundMe go straight to the charity?
The GoFundMe organizer doesn’t handle the money; instead, funds are sent directly to the charity by PayPal Giving Fund. Learn more about charity withdrawals here. … The GoFundMe Organizer, or assigned beneficiary, can request to refund a single donation, multiple donations, or to refund all donations.
Should I use GoFundMe charity?
For individuals looking to start a fundraiser to support their favorite nonprofit or charity, using GoFundMe is the best option. For a nonprofit looking to reach their donor base and run different fundraising campaigns, GoFundMe Charity is the best choice for their situation.
Is it safe to give GoFundMe my SSN?
There is a privacy issue with your SSN for Americans to consider. You cannot withdraw money from GoFundMe if you do not provide the platform with your Social Security number. The reason for this involves the responsibilities you have for taxes on the money.
What happens to GoFundMe money if goal not reached?
What if I don’t reach my goal? … Reaching your goal is not required. With GoFundMe, you keep each and every donation you receive. Your campaign will be able to accept donations even after your goal is reached.
Do you have to pay taxes on GoFundMe?
Donations made to personal GoFundMe fundraisers are generally considered to be “personal gifts” which, for the most part, are not taxed as income in the United States. Additionally, these donations are not tax deductible for donors.
Does GoFundMe charge to withdraw?
GoFundMe doesn’t charge a platform fee so campaign organizers can start and run fundraisers without any cost. … Campaign beneficiaries receive all money raised minus the transaction fees. Donors also have the option to leave GoFundMe a tip.
What is better than GoFundMe?
GoFundMe Alternatives: The Top 16+ Best Fundraising Sites
- Double the Donation.
What is not allowed on GoFundMe?
Promotions on the GoFundMe Platform: You are not permitted to offer any contest, competition, reward, give-away, raffle, sweepstakes or similar activity (each, a “Promotion”) on or through the GoFundMe Services.
How do I get money from my GoFundMe to charity?
The GoFundMe organizer can withdraw the funds to their own bank account, invite someone else to withdraw, or send the funds to an affiliated business or organization. The GoFundMe organizer doesn’t handle the money; instead, funds are sent directly to the charity by PayPal Giving Fund.
Do I have to use my real name on GoFundMe?
GoFundMe fundraisers must be tied to a single individual, and they must have their full name appear on the fundraiser. The organizer of the GoFundMe fundraiser cannot be anonymous; we have this policy in place to promote transparency. … To change your name: Sign in to GoFundMe here.