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Crowdfunding for a Cause

Crowdfunding for a Cause

Photo Credit: Alex E. Proimos

Within the last few years, crowdfunding sites like Kickstarter have made it possible for young entrepreneurs to gain funding for their dreams. But with crowdfunding becoming an even more popular way to fund endeavors, the concept is shifting through other sectors.

Crowdfunding is now allowing individuals to capitalize and seize the opportunity to gain funding for personal and social causes including medical trust funds. These crowdfunding trends have allowed compassionate individuals the opportunity to directly fund life-changing procedures and plans.

For example, when the most recent Dark Knight film hit theatres, a gunman opened fire on an unsuspecting theatre full of movie goers. Among the injured was Farrah Soudani, a victim whose friends raised funds using the GoFundMe website to cover her medical expenses.

A $2,000 medical trust was set up in Soudani’s name and, thanks to the crowdfunding platform, nearly $7,000 was donated by complete strangers, part of the $170,000 total raised. The beauty of crowdfunding campaigns for a specific cause is in the knowledge of where each dollar of your donation is being spent.

Other medical companies are utilizing new crowdfunding opportunities, including the rare genomics institute and various un-named organizations granting funds to families fighting cancer and terminal illness.

Crowdfunding is a great option to raise funds, but before you or anyone else embarks in this direction, you must understand the legality of the situation and prepare yourself for the rules and regulations. We are here to help you understand your options with crowdfunding and the guidelines you must follow to navigate through these funding procedures. For more information on crowdfunding procedures and the options available, please contact Stock Connections. We are here to help you help your cause.

Stock Connections specializes in working with San Francisco Bay Area companies that are involved in mergers & acquisitions, are raising capital, or creating stock option or other equity plans. We help start-up, private and public firms become – and remain – SEC-compliant. Stock Connections’ services are designed to help both start-ups and established firms comply with SEC and other regulations in their equity compensation programs. If you or anyone you know is looking to get involved with any of the above, we encourage you to contact us today!

 

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