⚡ Get All Content for 20% Off ⚡

Crowdfunding for Life Events, Medical Emergencies Is Now Free on Indiegogo The San Francisco-based crowdfunding platform says that it will not collect commission when individuals are raising money for medical emergencies, memorials and other life events.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Isn't it refreshing when a company does something that shows it has humanity? That there are people with hearts that beat and feel in boardrooms, and that profit doesn't come before life, limbs and happiness?

Crowdfunding platform Indiegogo says it has no interest in making money on your personal tragedies. The San Francisco-based company announced today that it is launching Indiegogo Life, a site that will allow individuals to raise money for medical crises, memorials, emergencies and other life events without paying a fee to Indiegogo. Individuals will still have to pay payment processing fees, but will not have to pay a commission to Indiegogo.

Related: Indiegogo Pilots New Program Allowing Crowdfunding Campaigns to Stay Open Indefinitely

Typically, Indiegogo charges successful crowdfunding campaigns a 4 percent commission fee. Campaigns that do not meet their stated goal reach their stated goal have to pay a 9 percent commission fee on the amount they did raise.

On rival crowdfunding platform Kickstarter, where campaigns have to reach their goal to collect any money, the commission fee is 5 percent. However, Kickstarter -- which is larger than Indiegogo by dollars raised -- does not allow campaigns intended to raise money for charity or personal causes.

Crowdfunding campaigns that are eligible for using the Indiegogo platform without paying a commission include those that are raising funds for medical needs, emergencies, celebrations, memorials, pets and animals, faith and religious initiatives, sports, volunteer efforts, education and school programs.

Related: Everything You Need for a Winning Crowdfunding Campaign (Infographic)

Here's a look at the sorts of campaigns Indiegogo intends to benefit from this Indiegogo Life, free-fee initiative.

John Jennings: Musician's Relief Love Campaign


Lets Give Karen -The bus monitor- H Klein A Vacation!



HELP THE HALEYS HAVE A BABY!

Fund 4 Officer P Vincent & Cpl N Cirillo

Related: 7 Secrets From the Man Who Turned a Kickstarter Flop Into the Most Successful Campaign Ever

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo

CFO Richard Galanti reveals that the price will stay the same — but only "for a while."

Business News

The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups

A new report shows that vending machines are a popular investment — and the industry is set to grow up to $3 billion by 2031.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.