[ExI] gofundme question

[Dave S]

On Tue, Feb 8, 2022 at 12:47 AM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

>
>
> In light of recent news, I have been wondering something about Gofundme:
> if the organization has the theoretical legal ability to not pay the
> organization for which it is collecting money, then any funds one donates
> to a cause thru Gofundme actually belongs to Gofundme.  As far as I can
> tell, that organization owns the money and has the option to give it to
> whatever the funds were collected for, or to keep it.
>
>
>
> Do I understand it correctly?
>

I don't think so. From their FAQ <https://www.gofundme.com/c/questions>:

*    What if I don't reach my goal?*

*    No problem. Reaching your goal is not required. With GoFundMe, you
keep each and every donation you receive. Your fundraiser will be able to
accept donations even after your goal is reached. Once the goal is reached,
the progress meter on your fundraiser will show that you have received more
than your goal amount. If you’d like to continue raising money, you can
keep your fundraiser running for as long as you’d like.*

*    What is the GoFundMe Guarantee?*

*    We are proud to offer the first and only donor protection guarantee in
the industry: the GoFundMe Guarantee. Every day, thousands of people get
the help they need from generous donors. Our team of Trust & Safety
specialists work night and day to make sure that funds get to the intended
recipient, every time. In the rare case that something isn’t right, we will
refund your donation. If funds aren’t delivered to the right person, we
will donate the missing amount.*

*    How is my donation protected?*

*    The GoFundMe Guarantee protects your donation. It takes a leap of
faith to help someone else. That’s why we make sure to honor your
generosity by backing it up with the first and only guarantee for online
fundraising. In the rare case that something isn’t right, we will refund
your donation.*

----

IANAL, but I don't see that GoFundMe has a right to keep anything except
their fees. Donations go to the recipient or are refunded.

-Dave
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