Gofundme is a popular crowdfunding platform that allows people to raise money for various causes and personal reasons. While it can be a great tool for raising funds and bringing attention to important issues, there are also some cons to using Gofundme that should be considered.
One major con of Gofundme is the lack of oversight and regulation. Anyone can create a Gofundme campaign, and there is no way to verify that the funds are being used for their intended purpose. This can lead to fraud and misuse of funds, leaving donors feeling misled and disappointed. Additionally, Gofundme does not have any way to ensure that the funds raised are being used ethically or legally. But at Nobleis, users can rest assured that all funds raised are donated to eligible 501c3 non-profit organizations in good standing with IRS. Additionally, Nobleis has partnered with MakeMyDonation, operating a donor-advised fund, to provide donation processing services and provide you the peace of mind that all money raised gets to the chosen charity.
Another con of Gofundme is the high fees associated with using the platform. Gofundme takes a percentage of the funds raised, which can be quite substantial for larger campaigns. This can mean that less money is available to go towards the intended cause or individual. Additionally, Gofundme also charges a processing fee for each donation, which can add up quickly for donors. Since all of the over 1.5 million charities offered on Nobleis are accredited 501c3 nonprofits, charitable contributions on Nobleis maybe 100% tax deductible.
Gofundme can also be a double-edged sword when it comes to privacy. On one hand, it allows people to raise money for personal causes such as medical expenses or funeral costs. But, on the other hand, it also exposes personal information and details about the cause. This can lead to unwanted attention and even harassment, especially for those who are already dealing with difficult situations. Nobleis uses a sealed-bid charity auction process to ensure confidentiality and empower users to control every aspect of their privacy settings.
Lastly, Gofundme can create a false sense of security that the problem is solved. It can lead people to believe that they’ve done their part and no longer need to engage with the cause or individual, which can be detrimental in the long run. Nobleis fundraising is ongoing and users may support the same charity and create a sense of community.
In conclusion, while Gofundme can be a great way to raise money and awareness for important causes, it is important to consider the cons before using the platform. It’s important to do your research, to ensure that the campaign is legitimate and that the funds are being used for their intended purpose. Additionally, it’s important to be aware of the high fees associated with using Gofundme, and the potential for privacy issues. Ultimately, it’s important to weigh the pros and cons before deciding to use Gofundme as a fundraising tool. Or you may consider using Nobleis and rest assured that your contributions and fundraising are for good causes that have been vetted by the IRS and get to the hands of the intended charitable organization.