YouCaring

YouCaring
Website type
Crowdfunding
Available inEnglish
Headquarters
San Francisco, California
,
US
FoundersBrock Ketcher, Naomi Ketcher, Luke Miner
Websiteyoucaring.com
CommercialYes
Launched2011
Current statusacquired by Gofundme 2018

YouCaring was a crowdfunding website for personal, medical, and charitable causes. The company was a Certified B corporation based in San Francisco, California. YouCaring did not take a percentage of funds raised on its site, or charge those raising funds a fee (any fees associated with third-party credit card processors such as PayPal are paid by donors). The company relied on voluntary donations from donors to fund operations. YouCaring was acquired by GoFundMe in 2018.

History

YouCaring was founded in 2011 by Brock Ketcher, Naomi Ketcher, and Luke Miner. After returning from two years of international mission trips, the friends wanted to continue to give back. They created a free crowdfunding website so people could raise money to overcome hardship. In May 2016, YouCaring became a Certified B Corporation. YouCaring released internal fundraising data to show which cities in America were (by their own estimation) the most compassionate. In March 2017, YouCaring acquired GiveForward. In April 2018, Fast Company reported that campaigns on YouCaring had raised over $1 billion, when they announced that GoFundMe had agreed to acquire YouCaring.

Business model

YouCaring users created crowdfunding campaigns to raise money for personal, medical, and charitable causes. Nearly 50% of the money raised was for medical expenses. Users wrote an explanation of their needs, set the amount they needed to raise, uploaded supporting photos and video, and shared their fundraisers through social channels and email. Donations were made using credit card processors PayPal, WePay, or Stripe. YouCaring trademarked the name Compassionate Crowdfunding to describe its service. YouCaring didn't charge a fee to those raising funds, but a third-party credit card processing fee existed. Operating costs (including salaries for YouCaring employees) were funded by voluntary donations.

Fee structure

YouCaring asked that the donor provide a "Tip" to YouCaring. The credit card processing fee was 2.9% plus $0.30 per donation, which was paid by the donor.

Controversy

Many journalists have pointed to crowdfunding for medical expenses as evidence for the failings of for-profit healthcare in the US and elsewhere. Some of that criticism has also been extended to crowdfunding sites.

Notable fundraisers

A fundraiser via YouCaring in 2017

References

  1. ↑ "Certified B Corporation: YouCaring". B Corporation Listing. Archived from the original on 29 July 2017. Retrieved 31 July 2017.
  2. ↑ Kulp, Kayleigh. "Crowdfunding to Pay Medical Bills and Expenses - Health Care - AARP". Retrieved 23 May 2017.
  3. ↑ Kulp, Kayleigh (27 April 2012). "How to Use Crowdfunding to Cover Health-Care Bills". Fox Business. Retrieved 23 May 2017.
  4. ↑ "The Sick Turn To Crowd Funding To Pay Medical Bills". NPR. Retrieved 23 May 2017.
  5. 1 2 3 4 5 6 Jain, Chet (25 April 2017). "These Free Crowdfunding Platforms Are Making Lives Easy for Fundraisers". Entrepreneur India. Retrieved 31 July 2017.
  6. ↑ "GoFundMe Acquires YouCaring – Giving Matters: Notes From GoFundMe". Giving Matters: Notes From GoFundMe. 2018-04-03. Retrieved 2018-04-09.[dead link]
  7. 1 2 Hurst, Samantha (7 July 2016). "Brief: YouCaring Becomes Certified B Corporation". Crowdfund Insider. Retrieved 31 July 2017.
  8. ↑ Graham, Megan. "Competitor acquires Chicago-based crowdfunding site GiveForward". Chicago Tribune. Retrieved 31 July 2017.
  9. 1 2 3 Woodley, Suzanne (12 June 2017). "American Health Care Tragedies Are Taking Over Crowdfunding". Bloomberg. Retrieved 31 July 2017.
  10. ↑ Harris, Ainsley (4 April 2018). "GoFundMe keeps gobbling up competitors, says it's "very good for the market"". Fast Company. Retrieved 18 August 2026.
  11. ↑ Ramsey, Lydia. "Almost Half of all Money Raised Through Crowdfunding is Going Toward Medical Expenses". Business Insider. Retrieved 31 July 2017.
  12. 1 2 Serena, Katie (13 June 2017). "Crowdfunding Sites Are Making Lots of Money Off America's Miserable Health Care System". Salon. Retrieved 31 July 2017.
  13. ↑ O’Neil, Luke (28 March 2017). "Go Viral or Die Trying". Esquire. Hearst. Retrieved 30 July 2017.
  14. ↑ Fidelman, Charlie (June 1, 2015). "Man With Rare Blood Cancer Gets Bone Marrow Transplant in Montreal". Montreal Gazette. Retrieved 30 July 2017.
  15. ↑ Gordon, Amanda (17 March 2017). "Financiers Schooled in Empathy Over Barbecue at Riley's Way Gala". Bloomberg. Bloomberg. Retrieved 30 July 2017.
  16. ↑ Adamczyk, Alicia (December 5, 2016). "How to Help the Oakland Warehouse Fire Victims". Money.com. Money.com. Archived from the original on August 13, 2020. Retrieved 30 July 2017.
  17. ↑ Cameron, Katrina (7 December 2016). "Oakland Fire Victims: How to Help". East Bay Times. Retrieved 30 July 2017.
  18. 1 2 Gaillot, Ann-Derrick (5 December 2016). "How to Donate to Oakland 'Ghost Ship' Fire Victims & Their Families During This Heartbreaking Time". Bustle. Retrieved 30 July 2017.
  19. ↑ ABC 7, Eyewitness News (November 18, 2016). "Franciscan Sisters in Peekskill Will Get New Boilers for Convent Thanks to Donors". Retrieved 30 July 2017.{{cite news}}: CS1 maint: numeric names: authors list (link)
  20. ↑ Law, Jeannie (29 March 2017). "Christian band 'We Are Messengers' Involved in Fatal Tour Bus Accident". The Christian Post. Retrieved 30 July 2017.
  21. ↑ Ellis, Ralph (June 1, 2017). "Portland attack survivor says people should support 'those little girls". CNN. Retrieved 30 July 2017.
  22. ↑ Domonoske, Camila (June 2, 2017). "After Appeal By Portland Survivor, More Donations For The Girls He Defended". NPR. Retrieved 30 July 2017.
  23. ↑ O'Neil, Luke (28 March 2017). "Go Viral or Die Trying". Esquire. Hearst. Retrieved 30 July 2017.
  24. ↑ Peterson, Anne Helen (11 March 2017). "The Real Peril Of Crowdfunding Health Care". Buzzfeed. Retrieved 30 July 2017.
  25. ↑ Dugan, Christina. "Survivor's Adam Klein's Mother Died Two Days After the Show Ended". People. Retrieved 30 July 2017.
  26. ↑ Rothman, Lily (November 2012). "Musician Health Care Crisis: Rapper P.O.S. Crowdfunds New Kidney". Time. Retrieved 23 May 2017 – via entertainment.time.com.
  27. ↑ "Click here to support The Tom Edwards Memorial Fund". YouCaring. Archived from the original on 4 February 2017. Retrieved 23 May 2017.
  28. 1 2 "Sequence a Science Fiction Writer". YouCaring. Archived from the original on 2013-01-24. Retrieved 2013-01-21.
  29. 1 2 Pepitone, Julianne (January 21, 2013). "PayPal: 'Aggressive changes' coming to frozen funds policy". CNNMoney.com. Archived from the original on January 24, 2013. Retrieved 2013-01-21.
  30. ↑ "Click here to support Houston Flood Relief Fund". YouCaring. Retrieved 2017-09-01.
  31. ↑ "Click here to support Mexico's 2017 Earthquake Relief Fund". YouCaring. Retrieved 2017-09-20.
  32. ↑ Eisenberg, Richard (28 November 2017). "4 Giving Tuesday Tips For A Year Of Donor Fatigue". Forbes. Retrieved 30 November 2017.
  33. ↑ Grenoble, Ryan (27 November 2017). "How To Make Sure Your Donation Goes The Furthest On 'Giving Tuesday'". HuffPost. Oath Inc. Retrieved 30 November 2017.
  34. ↑ YouCaring staff (27 November 2017). "Where to Give this #GivingTuesday: Stories of Hope from YouCaring". PR Newswire. Cision Ltd. Retrieved 30 November 2017.