Under donation crowdfunding, the amount contributed is held in an escrow account until fundraising officially ends on the stated closing date and time.
Whether the fundraising target amount is achieved or not, documentation is completed to transfer the funds from the escrow account for a public presentation to the fundraisers or in some cases the stated beneficiaries of the fundraising campaign.
Should the reason of the fundraising cease to exist, the total amount contributed over the campaign period is transferred from the escrow account and publicly presented to a similar initiative with the need still existing.
Our platform only profiles thoroughly assessed projects submitted by reputable organisations or individuals.
The campaign is profiled with details of the need or initiative together with name of fundraiser, business of fundraiser, location and legal status as well as the target amount.
Donation Crowdfunding
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