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How GoFundMe Became a $250 Million Lifeline After the L.A. Fires

Ken Bensinger Jeremy Singer-Vine

February 09, 2025 |

The New York Times |

Text |

1500-3000 Words

Response Location: United States

Though not without certain flaws, GoFundMe has facilitated critical and rapid financial support for thousands of people. The company charges a 2.9 percent fee on all donations, as well as 30 cents for every transaction, to cover credit card and bank transaction fees, but its primary source of revenue is voluntary tips.

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