US Edition
GoFundMe Wants to Popularize a Philanthropic Tool Favored by the Ultra-Wealthy
- GoFundMe launched a new product called Giving Funds on June 30, 2025, in New York to boost charitable giving through donor-advised funds.
- This launch follows growing popularity of DAFs, which have mainly served wealthy donors, with only about 1% of Americans currently using them.
- Giving Funds features no minimum balance requirements, charges no management fees, and accepts donations beginning at $5, designed to simplify and encourage thoughtful charitable contributions.
- In 2023, donor-advised funds distributed $54.7 billion in grants and held $251.5 billion in assets, while GoFundMe’s platform serves 200 million users from diverse backgrounds.
- GoFundMe expects Giving Funds to expand access to philanthropic tools, potentially accelerating charitable flows amid an impending large wealth transfer, especially among women decision makers.
Insights by Ground AI
Does this summary seem wrong?
33 Articles
33 Articles
All
Left
4
Center
26
Right
1
Palestinian aid fundraisers face hurdles on GoFundMe
Over the past 20 months, as Palestinians have suffered under Israel’s increased military presence, crowdfunding websites have become one way for monetary relief to reach those in need. However, a recent Al Jazeera report claims that a number of GoFundMe pages with funds meant for Palestinians have had funds frozen or even refunded, the organizers say, without proper cause. Frozen funds Hala Sabbah, the founder of The Sameer Project, told Al Jaze…
SAN DIEGO--(BUSINESS WIRE)--jun 30, 2025-
Associated Press News+25 Reposted by 25 other sources
GoFundMe is refurbishing a little-known financial tool in a bid to supercharge everyday giving
Giving Funds is GoFundMe’s latest in a flurry of product rollouts with the purported goal of moving stagnant U.S. charitable contributions beyond the 2% GDP mark where totals have long hovered.
·United States
Read Full ArticleCoverage Details
Total News Sources33
Leaning Left4Leaning Right1Center26Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
13%
C 84%
Factuality
To view factuality data please Upgrade to Premium
