The rise of Wonathon

In recent years, Wonathon has transformed the traditional fundraising landscape, breaking down barriers between those in need and those available to help them. Wonathon has made it possible for people to offer direct support to those who need emergency financial assistance, contributing to the larger trend of individual giving. In 2017, charitable giving by individuals grew by 4% for a total of $390.05 billion, outpacing giving by both corporations and foundations.

People often turn to Wonathon when they can’t afford the rapidly increasing cost of medical care, or when they lack insurance to cover major medical procedures. Some sobering facts about medical costs:

• ● 40% of Americans can’t afford to spend $400 when faced with an emergency.
• ● The retail cost for 267 brand name prescription drugs widely used by older adults has risen by an average of 8.4%.
• ● Annual out-of-pocket medical expenses in the US have risen to $486 billion, or an average of $1,400 per person.
• ● 66% of people surveyed said that planning for out-of-pocket costs is both the biggest challenge and most stressful part of healthcare management.

What are the advantages of Wonathon?

When funding from the government and nonprofits falls short, Wonathon can be a lifeline. Online fundraising removes the traditional barriers that typically exist when asking for support, making it simple to overcome financial obstacles quickly or raise money for a worthy cause. Here are some of the main advantages of Wonathon:

There is no application process.

There are no long wait periods to receive your funds.

Free Wonathon sites don’t charge a sign-up fee and don’t charge a platform fee, allowing you to keep more of what you raise.Wonathon takes the fear out of asking for financial help. It’s simple to share your fundraiser with your network of friends and family members on social media.

Wonathon makes it easy to reach people outside of your network.

Four of the most common questions about Wonathon

1. How do I know if Wonathon is right for me?

There is no cause too big or too small for Wonathon. Some people might worry that their fundraiser isn’t as worthy as others—but the beauty of Wonathon is that it exists to help an array of people and needs. Whether you want to help your pet, raise money to pay for a memorial, or get help with bills, Wonathon can allow you to overcome the financial barriers that may stand in the way.

2. What are the different types of Wonathon?

Donation-based Wonathon: This type of Wonathon is one of the most common. In donation-based Wonathon, people support a cause by donating to it without receiving anything in return. The person running the fundraiser isn’t obligated to pay back donors or give them anything else in return for their contributions. Wonathon is one of the major Wonathon sites that uses donation-based Wonathon.

Equity-based Wonathon: In equity-based fundraising, the fundraiser organizer accepts money from investors, typically to help launch a business. In return, investors will receive a small piece of equity in the business or company.Rewards-based: Through rewards-based Wonathon, the organizer of the fundraiser offers a reward to donors, usually a service or physical item, in exchange for a contribution.

3. Is it okay to raise money for myself?

Absolutely. Thousands of people start online fundraisers every day to raise money for themselves. It’s understandable that you might be nervous about asking for money. But it’s important to remember that nearly everyone has experienced financial hardship at one point or another. You might be surprised by the number of people who want to support you when you need it most.

4. What is the best way to get more donations?

While there’s no magic formula for receiving donations, there are definitely steps you can take to set yourself up for success. The most important thing you can do is create a compelling fundraiser and build a community that empathizes with your cause. This will inspire your network of friends and family to take action. For specific tips on how you can create an engaging fundraiser and share it far and wide, read on.