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GoFundMe has described itself as the "leader in online medical fundraising". [29] One in three campaigns is intended to raise funds for medical costs, with about 250,000 campaigns for a total of $650 million in contributions each year.
GoFundMe allows users to create online fundraising pages where both their personal networks and benevolent strangers can help cover large costs with collective gifts.
GoFundMe campaigns have generated $30 billion since 2010, the company announced in February. In times of need, people turn to the community — and GoFundMe — for support. How it works
The proliferation of such campaigns reflects "the way people have been struggling with prices that have risen over the past few years," GoFundMe CEO Tim Cadogan told CBS MoneyWatch.
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The audience can support journalism projects by donating sums of money, or other resources, through popular crowdfunding websites such as GoFundMe and Kickstarter. [2] In the early 2010s, there were a variety of crowdfunding sites that only supported journalistic endeavors, but many are since retired due to conflicts of interest, such as Spot.us .
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Cadogan began his career as a consultant at the Boston Consulting Group [4] and McKinsey & Company. [6] He then became Vice President of Search at Overture (formerly GoTo.com) which was subsequently acquired by Yahoo!. [7]
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