One nation topped GoFundMe’s listing of most beneficiant nations for the third yr in a row — and it is not the U.S.
It was another turmoil year for many around the world, and one country has shown itself to be a generous supporter of those in need. For-profit fundraising platform GoFundMe found Ireland topped the list of the most generous countries in the 2021 fundraising report.
Donors in Ireland donated most of the money per capita on GoFundMe, where individuals can quickly set up fundraising calls for everything from college classes to helping with disaster recovery. All they need, according to the GoFundMe website, is a photo, a “shareable” story, and a verifiable bank account.
This year, for the third year in a row, Ireland is the most generous country on GoFundMe’s list. The United States, Canada, the United Kingdom, and Australia were the other most generous countries on a per capita basis.
According to the report, the most generous person on GoFundMe made 434 donations in 2021. GoFundMe did not disclose which country this person lives in or the total amount of money they donated. The fastest growing fundraising categories in 2021 were “Newlyweds and Animals,” GoFundMe said.
““We’ve turned hard-to-see headlines into meaningful help when it really mattered.””
“We’ve turned hard-to-see headlines into meaningful help when it came down to it,” GoFundMe said in the report. One of the standout moments of the past year was March 28, 2021 when a fundraiser for the medical treatment of a British baby with leukemia raised more than 100,000 donations and raised more than £ 1 million in 24 hours. The child died in April.
Medical bills are a common reason people turn to GoFundMe. More than a quarter (26.7%) of fundraisers created on the platform between 2010 and 2018 were related to healthcare-related expenses, according to a study published on JAMA Open Network in 2021.
The platform’s users also rallied in 2021 to tackle the rise in violence and hate crimes against Asian Americans and Pacific Islanders, raising more than $ 7 million through a variety of fundraisers around the world, the GoFundMe said -Gift Report.
It’s free to start a fundraising page on GoFundMe, but the company takes some of the funds raised. GoFundMe charges a 2.9% transaction fee plus 30 cents per donation for fundraising on behalf of individuals or companies in the United States. The beneficiaries receive the total amount donated minus these fees.
The platform provides a guarantee to donors, and if the funds they donated are misused by the recipients, they can request a refund.
There is also a separate GoFundMe charity
The platform also hosts larger fundraising drives connected with celebrities that raise money for other charities. Donations for these fundraisers go to GoFundMe.org, a separate nonprofit that works with the for-profit fundraising platform GoFundMe.
GoFundMe.org then distributes these donations to other charities. One such fundraiser in 2020 was linked to actor Leonardo DiCaprio and Laurene Powell Jobs, Apple AAPL’s widow, + 2.80% co-founder Steve Jobs. The campaign, which is still active, has raised more than $ 45 million for anti-hunger groups, including Feeding America, a network of food banks.
The charity GoFundMe.org said it had an efficiency rate of 96% for its first year of operation in 2017, as announced on the charity’s FAQ page.
“That means that for every dollar you donate, $ 0.96 goes directly to your cause,” it says. “The remaining 4% reflects a combination of (a) a standard transaction fee that enables credit card processing and secure money transfer across platforms; (b) bank charges; and (c) postage and other costs incurred in the normal course of business. “