Unforeseen expenses like medical costs, memorials or other emergencies can be quite a burden, and in recent years, many people struggling through bad times have reached out to crowdfund some relief.
Today, Indiegogo launched another option in this crowdfunding space, a new site expanding on its Indiegogo Life platform called Generosity.
In a blog post, Indiegogo explains that Generosity will be a completely free site for “personal and nonprofit causes.”
“Our goal is nothing short of becoming the world’s most active platform for compassionate giving, which is why we crafted Generosity specifically for the needs of socially minded nonprofits and individuals looking to solve both personal and community challenges,” states the blog post.
“And because human goodness shouldn’t have limits, Generosity is free of the fees common to most personal and nonprofit fundraising sites, so more money goes straight to the causes you care about most.”
Indiegogo’s co-founder and CEO Slava Rubin told the New York Times Bits column that while “processing charges will be deducted before funds are disbursed,” there will be no other fees associated with Generosity campaigns.
GoFundMe is Indiegogo’s greatest competitor in the nonprofit/personal fund-raising space, blogging that it’s raised more than $1 billion in donations as of September, with nearly 12 million people using the site in the last year. Comparatively, Indiegogo Life told the Times that its campaigns have “raised $750 million” since 2008.