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CrowdRise is the largest online fundraising platform for raising charitable donations. It was founded in 2009 by power couple Edward Norton and Shauna Robertson, and Robert and Jeffrey Wolfe: founders of the outdoor apparel brand Moosejaw.
Although CrowdRise focuses on non-profit causes, it´s certainly a for-profit company. And a successful one at that. Such is the case that in 2014, the Detroit-based Company received $23 million in funding from Bezos Expeditions, CAA Ventures, Fred Wilson and Index Ventures.
How Does CrowdRise Work?
CrowdRise makes it easy for people and organizations to fund great causes. Just set up a profile, create a fundraiser and share your passion with others. The fees are among the lowest in the business and there are no goal requirements or campaign deadlines.
What Fees And Commissions Does CrowdRise Charge?
Setting up a fundraiser is free. Once you start getting money, CrowdRise will keep 3%. This includes credit card fees. This is less than most fundraising platforms. Typically fundraisers charge 3% to 5% plus credit card fees, which often brings up the total cost to 8%.
What Makes CrowdRise Better Than Other Crowdsourcing Companies?
Fundraising platforms for good causes is a competitive business to be in. CrowdRise has succeeded in creating a profitable business plan that has attracted deep pockets. This are advantages that differentiate CrowdRise:
- No goal requirements
- No campaign deadlines
- Simple fee schedule
- Only 3% (sometimes less) of donations go toward fees
- Credit card fees included in the platform fee.