GoFundMe says $30 billion has been raised on its crowdfunding and nonprofit giving platforms

By THALIA BEATY
Associated Press

NEW YORK (AP) — GoFundMe crowdfunding campaigns have generated $30 billion since 2010, the fundraising platform announced Tuesday, as younger generations look beyond institutions to make their donations. Tim Cadogan, GoFundMe’s CEO, said 150 million people have either sent or received money through the platform to date. Gen Z and millennial donors, as well as those who are not married and those who are less religious, are more likely to give through crowdfunding than to traditional nonprofits, according to a 2021 report by the Indiana University Lilly Family School of Philanthropy. GoFundMe, a privately held, for-profit company, has grown quickly since 2019, when it reported a total of $9 billion in cumulative gifts.