- Model type
- Fund type
- Maximum allowed raise
- Receiving funds
CrowdRise offers personal and nonprofit model types. Unlike most crowdfunding models that serve businesses, they do not offer equity or rewards models. For nonprofit organizations and individuals alike, there are three different funding options: Basic, Featured, and Royale.
Crowdrise is the everyday person's crowdfunding. Their website reflects a sense of humor, quirkiness and light-heartedness. You can raise money for anything from medical bills, volunteer trips, memorial funds or your pet-as well as charities. They also have redeemable points (like a Credit Card does) called Crowdrise Impact Points (CIPs) for those successful at fundraising. Users can redeem points for items like t-shirts, hats and hoodies on Crowdrise's website. They include these incentives to encourage generosity (i.e. donating to other charities).
Crowdrise is a Keep What You Raised funding type. Unlike some crowdfunding sites that are All or Nothing, you receive all the funds donated even if you fall short of a specific monetary goal. Setting up a campaign is free.
Crowdrise offers individuals launching personal campaigns a cost-effective 3%. This is a flat fee, including transaction and processing fees. This is superior to the majority of crowdfunding sites, which charge individuals a percentage plus transaction and processing fees.
Maximum Allowed Raise
Crowdrise does not appear to have any cap to amounts that can be raised. Many crowdfunding sites have a nominal amount of funds that can be raised. Not having a ceiling provides greater flexibility-especially for businesses, non-profits and other organizations.
Crowdrise campaigns have no deadline requirements. This can take the pressure off having to raise money in a short amount of time. Typically a campaign deadline is at least 30-60 days.
At the end of the campaign, individual fundraisers receive their money through WePay. This requires individuals to link their Bank Account through Crowdrise's FUNDS page. They can then choose to have funds electronically deposited in their bank account on a daily, weekly or monthly basis. Deposits can take 1-5 business days to appear in your bank account, depending on the bank. This transfer is relatively fast compared to the typical timeframe of 7 days with other crowdfunding platforms.
Charities (with ongoing campaigns) can choose between WePay and Network For Good. WePay sends funds to charities in real time. Network for Good sends payments to charities on the 15th of each month-including all donations made in the previous month.
Administrative Work Options
CrowdRise offers users personal, customized support, such as adding custom branding to their campaign page. Fundraisers are personally responsible for administrative campaign tasks, such as manually emailing all your donators.