GoFundMe Completes Acquisition of Classy
GoFundMe, the trusted leader in online fundraising, announced the completion of its previously announced acquisition of Classy, the leading nonprofit fundraising software company. Classy will continue to operate as a wholly-owned subsidiary of GoFundMe.
Classy’s purpose is to help nonprofits raise more funds and increase their programmatic impact. Together, GoFundMe and Classy will create new opportunities to service the nearly $500 billion U.S. philanthropic market as GoFundMe aims to be the most helpful place in the world. Most recently, several hundred million dollars has been raised across both platforms to provide humanitarian aid to Ukraine.
The acquisition creates a global leader in modern giving across B2C and B2B, accelerating growth and unlocking new opportunities to reach more people and organizations across the world. GoFundMe and Classy will also work together to develop new and unique offerings in adjacent markets such as workplace giving solutions.
The company also announced today that Depelsha McGruder has joined the GoFundMe board of directors as an independent director. McGruder is currently COO at the Ford Foundation, a role she has held since 2020, and previously served on Classy’s board of directors. Her experience spanning media, finance, and philanthropy, matched with her passion for giving back, makes her an invaluable addition to the board.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of NonProfit PRO.