With an estimated growth of 1,000% in 5 years, it’s no wonder the crowdfunding industry is getting attention.
This month the media has been abuzz with coverage on donation crowdfunding – campaigns that collect funds without being required to provide anything in return. People are asking: how is this phenomenon affecting fundraising at charitable organizations?
The Agenda with Steve Paikin: Charity Goes Viral. As we see more personal crowdfunding, questions are raised about why we give, how the funds are distributed and what we expect of the role of community and the state in supporting one another. The Agenda takes a look the state of charitable giving in the age of disruptive technology.
This thought-provoking discussion on The Agenda features our President & CEO Bruce MacDonald alongside Caroline Riseboro, Association of Fundraising Professionals Board Member & Senior Vice-President, Marketing & Development, CAMH Foundation, Daryl Hatton, Founder & CEO at FundRazr.com, Sabrina Nicosia, National Marketing Director at RaiseHope.org, Mark Blumberg, partner at Blumberg Segal LLP, and Marina Glogovac, President & CEO of CanadaHelps.
Global News: Proliferation of crowdfunding campaigns could hurt registered charities. On crowdfunding sites, like kickstarter.com or indiegogo.com, you can find people asking for money to help start a business, to pay for trips or even to pay off personal debt. But some experts say important charities are finding it difficult to compete for donations among more questionable causes.
Toronto Star: Crowdfunded donations for Elijah’s family prompt new questions. Outpouring of generosity after the tragic death of 3-year-old Elijah Marsh hints at the issues raised by “flash philanthropy.”
(CKNW AM) AM980 Vancouver: Crowdfunding doesn’t take a bite out of nonprofits. From GoFundMe to Indiegogo, people in need have been appealing directly to donors for a helping hand. So is crowd funding taking a bite out of donations to nonprofit organizations?