Evidence indicates that donating to charity can boost your happiness. Luckily for donors, technology has made it incredibly simple to donate by making charitable contributions online. For example, crowdfunding platforms, which have already raised billions of dollars for everything from cool gadgets, college educations, mortgages and small businesses, have been very successful in raising money for philanthropic endeavors including disaster relief, environmental protection, medical bills and various charities. But, what makes these platforms so successful in raising funds for charitable causes?
How Crowdfunding Platforms Are Creating Positive Change
In the old model of philanthropy, nonprofits had to form an entity and then gather the fund to help those in need. However, due to the high costs involved in organizing a nonprofit organization and fundraising efforts, they had to focus on large sources of capital like wealthy individuals.
In the new model, however, charitable crowdfunding leverages technology to lower their ......