GoFundMe Surges Past $1 Million for James Van Der Beek's Family

GoFundMe is an American for-profit crowdfunding platform founded in May 2010 by Brad Damphousse and Andrew Ballester. It enables individuals to raise money for diverse needs, from personal life events like graduations to critical challenges such as medical expenses and emergencies[1]. Initially launched as "CreateAFund" and built using PayPal’s API, the platform quickly grew to become the largest crowdfunding site by 2017, having raised over $3 billion since inception[1]. The platform is distinctive for empowering beneficiaries themselves to create fundraising appeals, focusing exclusively on monetary support, and relying on donors to judge the legitimacy of campaigns[2]. This peer-to-peer model transformed traditional charitable giving by making fundraising accessible and immediate, normalizing online social cause fundraising as a mainstream practice[2][3]. By 2024, GoFundMe had facilitated over $30 billion in donations from more than 150 million donors[1]. GoFundMe's business model has evolved from a simple "wishing well" concept to a sophisticated social giving platform that combines Silicon Valley technology with philanthropy. The company has pursued aggressive growth through acquisitions, including the 2017 purchase of CrowdRise and the 2022 acquisition of Classy, which now operates as GoFundMe Pro—a powerful nonprofit fundraising solution integrating Classy’s software with GoFundMe’s scale[1][4]. Despite its for-profit nature, GoFundMe has positioned itself as a critical intermediary in charitable giving, addressing social inequalities and disaster relief through GoFundMe.org, its nonprofit arm that manages charitable funds and distributes grants swiftly to individuals and organizations in need[5]. In fiscal year 2025, GoFundMe.org raised over $17 million and delivered 11,000+ grants, emphasizing speed, transparency, and equitable impact[5]. Currently led by CEO Tim Cadogan, GoFundMe continues innovating in fundraising technology, recently introducing donor-advised "Giving Funds" that offer tax advantages and greater flexibility for donor