CrowdFunding sites: Do you know where your money is going?

social-entrepreneurs5 By Deni Hawkins Crowd funding websites are exploding in popularity, but how do you know your money is going to a legit cause if you choose to donate?  The websites allow anyone to get online and ask people to fund their causes. has helped fund more than 350,000 campaigns around the world. In the Boise area, there are more than 200 active campaigns.

For the Impomeni family, the easiest questions are the hardest to answer.

“I can’t tell you how many times people have asked ‘why don’t you have kids?,'” Sean Impomeni, a teacher and football coach at Caldwell High School said. “It’s worse when people say ‘you guys were made to be parents.'” Sean and his wife Katie are both teachers. They have been trying to kids for five years, but haven’t been able to. What’s worse: they don’t know why.

The couple said they spent their retirement savings on fertility tests and treatments. When they ran out, they had to put things on hold, but now they are ready to try again.  “I looked at her and I said, ‘we’ll do it, we’ll figure out a way,'” Sean said.

With nothing left but hope, the Impomeni’s started a campaign on after hearing about it from a friend.

The donations from friends, families and strangers started pouring in. Within a week, they had raised $5,000. Now, just one month in, they are just $5,000 short of their goal, which is $17,000.

“Once the money started coming in you’re just sitting at the computer every five minutes checking and sobbing and just the fact that people care that much about you,” Sean said.

Many people donate to causes based on an emotional response. But Dale Dixon with the Better Business Bureau says it is that emotional response that can get people into trouble, especially when they’re donating online.

“Take your time,” Dixon said. “Don’t just give because it’s really easy, give because its the right thing to do and you’re doing it the logical way.”

Dixon also says a credible site should be transparent about they way they handle your cash.

“They should make it abundantly clear where that money is going, how they’re going to use it, and they should make it easy to make contact,” Dixon said. gets added credibility in this area, because in order to show up in their public directory, you have to link your campaign to your Facebook account. That means, you need to have a profile picture, and a good following of friends.

The site currently has an ‘A’ rating with the BBB. Regardless, if you do give online, Dixon recommends doing it anonymously. The organizers of the campaign will be able to see your name, but the internet won’t. That way, scammers trolling those sites for information can’t track you down.

“I would not want my name publicly out there that I am giving money because a scam artist can latch on to that real quickly,” Dixon said.  Keep in mind, there are more than 8,800 Crowd Funding websites out there, and there are more popping up every day. Even recommends donating only to people that you know and trust.

“Once you give you have to be ready to let go and realize that you’ve made that decision, you’ve thoroughly researched and you’re going to give the money but don’t expect anything back,” Dixon said.

But it’s a decision like that, that the Impomeni’s say could change their life.

“If it works out it will be awesome, and if it doesn’t, it’s still been life changing and humbling and amazing,” Sean said. “We feel really blessed with all of the love and support from everybody.”  If you do use to make donations and come across a page that you don’t think is credible, the site says to send them the link to that page so they can look into it.

You can also choose to withdraw your donation from a campaign at any time.



FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Deccan ChronicleHow to make crowdfunding work?Deccan ChronicleVarun, based on his experience, also says, that people new to crowdfunding should not be complacent with their campaigning — “I've seen a lot of people, who just think that crowdfunding is free money. They have a very [...]

LITTLE GUIDANCE FROM IRS ON TAXING CROWDFUNDING CONTRIBUTIONSBloomberg BNAWhether it's a musician raising money to produce an album, an inventor with a great idea, or a family in distress that needs help, crowdfunding through platforms such as Indiegogo and Kickstarter has become [...]

Brick City LiveWOMEN-FOCUSED CROWDFUNDING PLATFORM IN NEWARK IS ACCEPTING ITS FIRST COHORT OF ...Brick City LiveA new women-focused crowdfunding platform has just launched in Newark and is accepting businesses into its inaugural cohort. iFundWomen is a crowdfunding platform specifical [...]

CFB Finance


  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

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 |