By in Technology

Have you ever used "crowdfunding"?

You may have noticed that crowdfunding sites such as GoFundMe and Crowdrise are increasing in popularity. A few years ago, I was invited to teach some mental health seminars in Africa, but the sponsoring organization didn't fund the trip. I used GoFundMe to cover some of my expenses. Last night, I saw something on Facebook that shocked me, though: one of my friends (employed, management level, middle aged) was crowd funding for general maintenance on his car. It would have never occurred to me to ask my friends to help cover everyday expenses unless I was in an emergency situation. What do you think? Would you crowdfund?

Yes, for a charitable purpose.

3 votes / 23% 3 votes / 23 %

Yes, for medical expenses.

0 votes / 0% 0 votes

Yes, for a nonmedical emergency expense.

0 votes / 0% 0 votes

Yes, for a nonemergency or recreational expense.

0 votes / 0% 0 votes

No, but would for limited purposes.

7 votes / 53% 7 votes / 53 %

No, but Id consider it for anything.

1 votes / 7% 1 votes / 7 %

No, Id never consider it.

2 votes / 15% 2 votes / 15 %
This poll has received 13 vote(s) so far.

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Comments

JeanC wrote on February 7, 2015, 4:25 PM

I have used it a couple of times to try and raise a bit of money to buy new equipment for my businesses, tho with not too much success. Mostly because I tend to not like to be too forward about things *blush* which kinda defeats the the purpose I guess LOL! But for car repairs and ordinary things like that, no.

DWDavisRSL wrote on February 7, 2015, 5:29 PM

I've never used it but if I had a project I believed would be worth someone investing in I might try it.

Began1988 wrote on February 7, 2015, 8:27 PM

I would use it to raise money for a charity and possibly for medical expenses (we all know how expensive that can be).

I did build a campaign with GoFundMe for the animal rescue I wanted to start, no luck. People really don't want to donate so much to charities when they aren't 501c3.

BrenndaMarie wrote on February 8, 2015, 6:49 AM

I have never heard of such site befoe

nbaquero wrote on February 9, 2015, 5:58 PM

msBiz I would consider it for a particular project, like the one you described, but not for a personal need.

MsBiz wrote on February 10, 2015, 11:35 AM

I agree. I feel like my personal needs are mine to take care of alone. Worst case scenario (like emergency car repairs), I would rather borrow a few hundred dollars from my family or a very close friend.

MsBiz wrote on February 10, 2015, 11:36 AM

I'm sorry you weren't able to make any money from it. emoticon :sad: Are you pursuing a 501(c)(3)?

MsBiz wrote on February 10, 2015, 11:38 AM

It can be a really cool site if you have a project in an area that's close to your friends' hearts. If it's something off-the-wall, it doesn't seem to work well.

MsBiz wrote on February 10, 2015, 11:40 AM

I feel the same way about being to forward. I don't want to annoy or burden anyone with my projects, even if they are charitable or benefit others. My husband thinks I should set up a campaign for my nonprofit, but all my friends and family know what I do. I feel like they should choose to donate without prodding emoticon :winking:

Began1988 wrote on February 10, 2015, 8:16 PM

I was actually invited to be co-director of another rescue :) Since I've joined them we have been incorporated and this past Sunday we applied for our 501c3 status (we're hoping to know within 2 - 3 weeks)! :) My own rescue may be in my future, but for now I'll stick with this one! :)

MsBiz wrote on February 11, 2015, 10:06 AM

That's awesome! I wish you the best; it's such a great cause. Just a warning, though: my tax exempt status took 7 months! The IRS really drags their feet sometimes.

j2jworkz wrote on February 11, 2015, 12:17 PM

I have looked at and am considering gofundme for a very niche international aid project in conjunction with a non profit I volunteer for.

MsBiz wrote on February 11, 2015, 3:28 PM

I wish you the best of luck with it. My fundraiser did pretty well, despite only promoting it modestly. I think it helps to have the framework of an established nonprofit.

Began1988 wrote on February 11, 2015, 7:21 PM

Thanks! The lady who helped us apply got did her own and got approved in 2 1/2 weeks. She also helped another rescue and they were just approved in a few weeks. I don't know if she knows a trick, but hopefully it works out that way for us too! :)

allen0187 wrote on February 11, 2015, 10:19 PM

I would definitely use crowd funding to support a charitable institution but I'd never use it for personal use. That is absurd in my opinion.

MsBiz wrote on February 12, 2015, 10:14 AM

I agree. I can't think of any situation in which I would use it for my personal expenses. After I posted this, I saw another person doing the same thing--asking for $2,000 for car maintenance. Let's hope this isn't going to become a new trend.

nbaquero wrote on February 13, 2015, 7:28 AM

MsBiz Exactly, family and friends should be able to help us on those situations. Crowfunding is for other type of causes.