GoFundMe Launches Giving Funds for Donor-Advised Fund Giving
Credit: GoFundMe
GoFundMe, a company in the online fundraising space, announced the launch of Giving Funds, a new product designed to make charitable giving simpler, more accessible, and more impactful. Built on the company’s trusted platform and community of 200 million, Giving Funds bring the power of donor-advised funds (DAFs) to a broader audience, helping people at all giving levels participate in philanthropy and support causes they believe in. Giving Funds provide users with a centralized place to plan, invest and grow their funds, track progress, and manage all aspects of charitable giving, on one simple annual tax receipt. GoFundMe is launching this new charitable tool in partnership with GoFundMe Giving Fund, an independent 501(c)(3) public charity and DAF sponsor.
Traditional DAFs hold more than $250 billion donated for charitable purposes, yet each year, the vast majority of those funds go undistributed. With Giving Funds, GoFundMe is transforming DAFs into an everyday giving tool designed to get more funds to nonprofit organizations so they can have a greater and more immediate impact. There are no management fees, no minimum balances, and with 1.4 million charities available in one easy-to-use platform, users are empowered to decide how and where they want to give. Anyone in the United States can open a Giving Fund for free and start supporting the causes that matter most to them with donations as low as $5, all within the trusted GoFundMe platform. GoFundMe has become a go-to destination for charitable giving over the past 15 years, with more than 65,000 nonprofits receiving a donation on GoFundMe last year alone.
"We built Giving Funds to give everyone a simple way to manage their charitable giving in one place – without the fees or barriers that once kept donor-advised funds out of reach for most people,” said Tim Cadogan, CEO of GoFundMe. “Charitable giving has hovered around 2% of U.S. GDP for decades. We believe that with the right tools, we can help increase that. Giving Funds expand GoFundMe into a full-service destination for generosity – empowering everyone to discover causes, support individuals and nonprofits, and find new ways to connect and give, all through a platform they know and trust.”
Giving Funds function like a personal charitable wallet without the financial or administrative barriers that historically limit access to donor-advised funds – which are currently used by fewer than 1% of Americans. Users can contribute to their Giving Fund on their own terms, grant them immediately to charity, or invest them with tax-free growth and donate when there is a moment or cause that prompts them to give. With smart discovery tools, curated recommendations, and suggested sharing features, Giving Funds do more than just collect donations, they help users find and support nonprofits that inspire them. Users will be able to easily discover local charities in their own communities and, in times of crisis, Giving Funds will surface trusted organizations providing urgent relief, making it easy to respond when it matters most.
The launch marks a significant step forward in GoFundMe’s commitment to growing the charitable economy and transforming the future of giving. Over the past year, the company has introduced tools like Profiles, Live Fundraising, and a suite of AI-powered tools, which have now been used nearly 40 million times. In May, the company announced it has surpassed $40 billion raised globally and unveiled GoFundMe Pro, reflecting its increasing investment in the nonprofit space. Last week, GoFundMe was named to TIME’s list of the 100 Most Influential Companies of 2025 for its work to generate more charitable giving and help people show up for each other in moments of crisis. Building on this momentum, GoFundMe hopes to expand participation in philanthropy by expanding access to donor-advised funds, unlocking billions in potential support for nonprofits and communities that need it most. This week marks the initial launch of Giving Funds, with additional features launching in the months ahead.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within may not directly reflect the thoughts or opinions of the staff of NonProfit PRO.
