Market News Latest Tops GoFundMe in The Crowdfunding Industry by Offering Tax Deductions to Donors

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August 03
20:14 2021 Tops GoFundMe in The Crowdfunding Industry by Offering Tax Deductions to Donors is currently leading the industry as the only non-profit crowdfunding site designated by the IRS to provide tax write-offs to people that make donations. This means that when people make donations to individual campaigns on, their taxes are lower. While GoFundMe may have topped the industry for a while, they have not been able to incorporate this into their services. With this feature, is not only changing the game in the industry but also making crowdfunding as meaningful as possible for donors as well as people who receive donations.

Crowd fundraising has been gaining immense popularity and global recognition for its number of positive impacts and social benefits. Originally, the idea was a good move for humanity to help each other but businessmen and entrepreneurs have used the medium to enrich themselves. however stands out from the lot as the only non-profit crowdfunding site in the USA that allows donors to give to a person’s campaign and receive a tax deduction. The crowdfunding site remains firm in its decision to be non-profit and transparent and therefore ensures that managers and directors do not earn any compensation from Unlike GoFundMe and other crowdfunding sites, publishes the salaries of all executives.

While other sites like GoFundMe allow contributions to political parties and to pay for vacations, campaigns on are strictly for legitimate human needs that affect people’s lives. People can raise funds for many different purposes including paying for medical bills, medicine, food, housing, rent, emergency travel, security, safety, amongst others. They work strictly in line with their mission which is to encourage the Christian value of helping others in need by providing an easy and secure platform through which those in need can share their stories while those making donations receive tax deductions. allows recipients to share their campaigns on their social media so that more people can donate. Recipients can choose to receive funds from three options provided while donors receive tax deduction letters immediately through email when they make donations. To keep the site in line with the mission of helping only people who are legitimately in need, does not accept campaigns for any political parties, politicians, illegal drugs, prostitution, gambling, communism, socialism, Marxism, or any organization that supports these activities and/or beliefs.

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