YouCaring has a simple and straightforward policy about fees. We don’t charge any. At YouCaring, it’s free to set up your online fundraiser and free to withdraw the donations you receive. The only costs are the third party credit card processing fees (2.9% plus $0.30 per transaction) of which YouCaring receives nothing.
To support our operations, we rely 100% on individual donors who support our efforts to provide a free crowdfunding platform where people can help other people with no middleman fees. At YouCaring, free online fundraising for individuals does mean free.
Until recently, fundraising was reserved for organizations, to raise money for anything from cancer research to endangered species protection. The money raised through these fundraisers would go to an abstract “body,” which would use the money to further its mission as an organization.
But as the Internet seeped into the cracks of every aspect of society, this traditional fundraising model has evolved from this traditional model to benefit individuals over associations and fundraisers have started making a huge difference in the lives of regular people.
Back to Fundraising’s Roots
Here’s the definition of a fundraiser according to Merriam-Webster online:
1) a person employed to raise funds
2) a social event (as a cocktail party) held for the purpose of raising funds
Why are we giving you a vocabulary lesson? Because the two most important things we want to emphasize about fundraising for individuals are plain to see in the old-school definition: we’re talking about the words person and social.
Fundraisers Are Nothing Without the People Behind Them
Nowadays, we keep seeing more people starting fundraisers to help individuals, and with this change in the destination of funds, we’re also seeing a dramatic shift in the dynamic of fundraisers.
Instead of remaining simply a way to raise money, online fundraisers have become a platform for community engagement in support of individuals who are overcoming hardships or striving to achieve something. And we think this is pretty cool.
Social Sharing Has Made Fundraisers For Individuals More Useful
Moving fundraisers online has allowed for huge progress in social sharing capabilities, bringing more traffic to individual fundraisers and also giving fundraisers a novel function: that of creating community.
By allowing users to update their fundraising pages with photos and videos and letting donors post comments sharing words of encouragement, online fundraisers now have the potential to lift spirits as well as raise money. This is a huge leap from what fundraisers were once used for – to fund faceless organizations for causes that, although worthy, often had abstract impacts.
Top Free Crowdfunding Site for Individuals
In 2014, YouCaring.com was named the “Best Crowdfunding Site” by CrowdsUnite, the worlds largest crowdfunding review site. The review placed YouCaring at the top of their list of the best free fundraising sites for personal and charitable causes. CrowdsUnite praised YouCaring for its ease of use and its ability to raise funds for users.
It’s easy to find out what we’re doing in your community by checking out Google News and searching for YouCaring.com. Read what the local newspapers are saying about our free online fundraising tools and how we’re helping your neighbors.
Check out how Gofundme compares to YouCaring here.
Free Online Fundraising Tools
Before deciding on what crowdfunding platform is the best, be sure you do your homework. Don’t just read the headlines on a site, but carefully read the FAQ’s and small print on the site. It’s important to know exactly how much of the donations you receive go directly to support your cause.
Some sites will state “free to sign up” but as you dig deeper you’ll find that there are fees charged on the donations you receive, often between 5 to 7% plus the standard credit card payment processing fee. Those fees quickly add up. For example, if you were raising funds to help a sick child or a wounded serviceman and had a goal of $50,000, a 5% fee would take away $2,500 (a 7% fee would subtract $3,500). That’s a lot of money to give away when you don’t need to if you decide to use YouCaring as your free crowdfunding platform.
The bottom line is that it’s important to carefully read all the fine print on each website to understand how crowdfunding works. Take a look at the others and then decide what the best site is for you.
In the rapidly changing world of online crowdfunding, it is important to know how to find the best free online fundraising for individuals. Many sites claim that they are free, but upon closer inspection, it turns out that free does not always mean free. If you want to find the best free crowdfunding site that charges no fees, you need to do your due diligence.