Peninsula-Based GoFundMe Marks Milestone

REDWOOD CITY, CA — GoFundMe marked a milestone this week.

The Redwood City-based company whose business model is based on generosity commemorated the 10th year since its founding in an annual report announcing that it had raised more than $10 billion from over 150 million donations.

The for-profit crowdfunding platform has helped raise funds in support of individuals, causes, and organizations across the globe.

Activity on GoFundMe this year mirrored global current events and reflected the most pressing and important issues in society, the company said.

This year, the America’s Food Fund fundraiser became the largest GoFundMe of all time, raising over $44 million to help people facing food insecurity due to COVID-19.

Additionally, the Official George Floyd Memorial Fund received over 500,000 donations —- more than any other fundraiser in GoFundMe history.

From raising money for PPE for frontline workers and helping small businesses stay afloat to fighting racial injustices and supporting those impacted by natural disasters, the GoFundMe community took action to support immediate and long-term needs.

“Throughout the COVID-19 pandemic, the GoFundMe community has responded to the widespread impact with an extraordinary level of generosity,” the company said in a statement.

“Between March and August of this year, over $625 million was raised through over 9 million donations for people, causes, and charities affected by the pandemic. The result has been an untold number of lifelines being extended to individuals, small businesses, and organizations worldwide.”

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