Fundraising For Stem Cell Therapy

Cendant Stem Cell Center

Crowdfunding: Fundraising for stem cell therapy

Fundraising for stem cell therapy could be an option if you’re looking to cover the cost of your treatment. Unfortunately, insurance does not cover stem cell therapy, but we’re here to help share some ideas on how you can still afford this treatment. One of the most popular ways people fundraise for stem cell therapy is through crowdfunding.

Crowdfunding is similar to passing around an envelope and asking people to pitch in for someone in need. Only with crowdfunding, it’s all done online. According to a 2020 survey, nearly 50 million Americans have utilized fundraising to cover personal medical costs.

You select a crowdfunding platform and build a page explaining why you are asking for donations. You can share as much or as little information as you want, including photos and videos. It’s up to you to decide how to best showcase your story.

Then you share that page with your family, friends, and colleagues via social media, email, and any other way electronically. Once people land on your page, they can donate money directly to your cause. You can even send little notes of thanks to each person who donates and keep posting updates about your progress to keep your supporters informed.

Do you have questions?

We have answers. Speak with a Cendant Care Coordinator today with no obligation. Give us a call!

720-338-4491

Why is crowdfunding a good option?

When it comes to fundraising for stem cell therapy, there are several positive reasons to consider the crowdfunding method:

Super Fast: You can have your page go live in a matter of minutes and start quickly spreading the word. You also receive the money raised right away.

Go Viral: You can share your story immediately with a limitless amount of people in just a few minutes! Then those people can share your story with their family and friends to help spread the word.

Efficient and Effective: Millions of people have successfully crowdfunded for causes, so many are familiar with and trust various platforms. However, when it comes to crowdfunding, there are a few things to look for when selecting a platform:

Promotion is critical: Most people hit their target goals because they actively promote their fundraising page. You’ll have to dedicate time each day to promote your crowdfunding page and ask others to share it as well.

You may not get any money: Crowdfunding platforms require you set a fundraising goal. And if you don’t reach that goal, your donations get automatically refunded depending on the platform.

Factor in fees: Each platform has a different set of costs, and you’ll have to report
the amount raised on your taxes.

Goal limitations: Some platforms restrict how much you can raise at one time.

Examples of Crowdfunding Platforms

To help you get started, we collected some basic information about the most popular crowdfunding platforms available.

GoFundMe

The most popular crowdfunding platform is GoFundMe, and it’s famous for good reasons. It allows individuals to fundraise for all kinds of projects, including medical expenses, and offers 24/7 support if you have any questions.

Additionally, it’s super easy to use, has a mobile app available to keep track of your progress, and you get to keep all your donations even if you don’t hit your goal. Once you’re ready to transfer your funds, you’ll have them within 2-5 business days.

Fees: No fees! Instead, GoFundMe asks each donator to contribute a tip to help cover costs. However, there is a third-party 2.9% plus $.30 fee for processing each donation.

GoGetFunding

GoGetFunding is another crowdfunding option that allows people to fundraise for various causes, including medical expenses. The website is super easy to use, plus helpful tutorial videos and tips. And you receive whatever money you raise, regardless if you meet your goal.

GoGetFunding allows you to connect your bank account, so you can instantly access donations by direct transfer. You can also access contributions via PayPal the same day you receive them. However, if you want to transfer funds from PayPal to your bank account immediately, there is a fee. If you can wait, there is a free three-day transfer from

PayPal.

Fees: 4% fee on the total amount raised, plus a processing fee of 2.9% plus $.30
for each donation.

FundRazr

Fundrazr is an up-and-coming crowdfunding platform known for allowing individuals to create beautiful and functional crowdfunding pages. In addition, you can integrate social sharing options right into the page and even set up small thank you gifts for each donor! Plus, you can also create a wish list of items in addition to your fundraising goal. For example, you can list things like a plane ticket, food, or clothing that someone can sponsor.

Fees: No fees! Donors can leave a tip to help cover platform costs. However, there is a third-party payment-processing fee of 2.9% plus $.30 for each donation you receive.

Plumfund

Plumfund is one of the largest crowdfunding platforms available. Not only can individuals utilize Plumfund for personal causes, such as medical expenses, but people can also fundraise for things such as weddings, baby showers, and dream vacations. Setting up a Plumfund page is super easy, and you can allow people to donate online by credit/debit card or offline by check or cash.

Fees: No fees! Only a third-party payment-processing fee of 2.9% plus $.30 for each online donation. If someone donates cash or check, this goes directly to you, and there are no fees involved.

We hope you found these resources helpful! Please contact Cendant Stem Cell Center with any questions.