How To Get Random Strangers To Pick Up The Tab For Your Medical Bills

giveforwardCrowdfunding websites are all the rage these days. Celebrities and entrepreneurs alike have turned to sites like Kickstarter and IndieGoGo to finance their next big idea with micro-donations from the public.

But we’re always intrigued to hear stories of people who have found ways to pay for more practical needs as well.

Boston newlyweds Patrick and Jessica Kensky were among dozens of spectators injured during April’s tragic Boston marathon bombing.

They were lucky to have survived the attack, but both sustained major leg injuries that required amputations just below the knee. They needed hundreds of thousands of dollars for medical treatment in a very short time, so family friends decided to post a profile for the couple on It’s a crowdfunding site tailored for people in needed of health care funding.

The response was overwhelming. Three days after the attack, the site had raised $300,000. To date, they’ve raised $873,255 from more than 13,000 individual donors, making it the site’s largest fundraiser.

It’s the kind of success story that crowdfunders live for, but also a hint at how some sites are tailoring their services to fit a certain type of fundraiser. The Human Tribe Project is similar to GiveForward, raising money for individuals with medical needs. We also recently covered Upstart, a site entirely dedicated to helping college graduates launch businesses with crowdsourced funding from investors.

GiveFoward actually started out a lot like Kickstarter. But they “shifted to medical specific because we saw that as the greatest need,” Nate St. Pierre, a company spokesperson, said. “And it did really well. It changed people’s lives.”

Given the typically sensitive nature of the fundraisers, St. Pierre says about 90% of donations come from friends, family and loved ones. In Patrick and Jessica’s case, they received donations from people nationwide, some choosing to leave their names, others not.

To date, GiveForward has raised more than $54 million total – $20 million just this year – to help with users’ medical bills. Since pages are generally set up by family and friends of the patients, the site also turns into a place to keep up to date with their progress not only in fundraising but their health as well.

“It is a gathering place [for family members and loved ones],” St. Pierre said. “We amplify what people are trying to do offline.”

All funds are raised through online payment methods, such as PayPal or credit cards. When the campaign is over GiveForward physically writes and cuts the beneficiary a check for the funds that were raised.

[Source: Laura Brothers @ Business Insider]

Tags: , , , , ,


AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

MarketWatchWhy a crowdfunding site is giving out $10,000 scholarships ...MarketWatchIt's another indication that families are struggling with college costs.and more » [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

MottoIVF: More Couples Crowdfunding to Pay for Procedure - MottoMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports.More Couples Who Can't Afford IVF Are Turning To Crowdfunding ...RomperCouples desperat [...]

WestwordProgressive-Rock Band Marillion Pioneered CrowdfundingWestwordThat was the beginning of crowdfunding for us — and for every band, really.” When it came time for the recording and release of the followup to the 1999 record, Kelly and the band realized that one of [...]

Boing BoingCrowdfunding a bike-lock that squirts vomit-inducing antipersonnel gas when cutBoing BoingThe Skunklock is a $109 crowdfunded gadget that contains pressurized vomit-inducing gas the creators call "Formula D_1," and which is intended to induce immediate vomiting wh [...]

EntrepreneurIs Crowdfunding Right for You? Answer These 7 Questions to Find ...EntrepreneurLess than a third of crowdfunding campaigns reach their financial goals. Will yours be one of them?and more » [...]

CoinTelegraphCrowdfunding vs. ICO: Experts Question Legitimacy and Guarantees ...CoinTelegraphThe simplistic idea behind crowdfunding a non-existent software or system has become a trend in the cryptocurrency industry, but most Bitcoin experts are highly ...and more » [...]

CFB Finance

Press Release

CrowdFund Beat News

Thanks @inmocrowd @crowdfundingusa @DuaneDDrew for being top engaged community members this week :) >> Want this 🆓?…

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |