Crowd funding for Tragedies- Is it being misused

Crowd funding for Tragedies- Is it being misused

0.0 (0)
1   0   0   0
Write Review
Crowd funding for Tragedies- Is it being misused
Crowd funding is a new concept that is taking online in a big way. Lately we see that every one has access to create a crowd funding requests from business to tragedies.

In this case, I would like to talk about crowd funding requests that is being used for tragedies? In USA we have seen that whenever a tragedy is struck as a natural calamity, or some individual is in trouble, somebody dying young due to some disease, or dying in an accident or natural death or similar, the next thing that comes in the social media or emails is a request to help this person in need using crowd funding.

Now if it is a Nationally recognized organization or some credible person creating a crowd funding request to get help for the tragedy, it can be understood. But the moment a tragedy is struck either naturally or individually, you see lot of crowd funding requests coming your way. How do you determine which one is real?

1. How do we determine that the person is authorized to collect the fund in behalf of the natural tragedy or Individual.

2. How do we determine that the funds raised for a cause are being used for the purpose they are collected & right amount is raised.

3. What kind of checks does the websites felicitating the crowd funding perform to make sure that the authenticated person is opening the request.

4. What kind of checks does the websites felicitating the crowd funding have to see that the money is used for the right cause.

5. Is this cause really require crowd funding, because most of the people are covered by insurance or have the capacity to handle on their own.

If some of these checks are not established & credibility in crowd funding not established, it can be easily misused by the people for their own benefits & people may stop paying for the real cause.

Another thing i see is the amount that needs to be raised for a particular cause, some put the amounts of $500,000 or $350,0000, where the max requirement is only $50,000.

Now donating or helping for a cause is some thing that we all need to do as much as we can, but our hard earned money being misused can deter us from really helping the genuine cause.

The only answer I get is - Don't donate or help if you do no find the cause genuine or the person genuine? My question is "what are the parameters to determine that".

Please comment so that everyone has some ideas of what needs to be looked at when doing crowd funding.

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account
Popular Editorials of the week


Mar 20, 2017
The arrest this Friday 03/20/2017 of a 17-year-old boy accused of strangling his mother…

Aishwarya Rai's Father passed away at Mumbai Hospital

Mar 20, 2017
Bollywood industry's beauty pageant and actress Aishwarya Rai Bachchan's father…

ఉత్తర టెక్సస్ తెలుగు సంఘం (TANTEX) సాహిత్య వేదిక ఆధ్వర్యంలో "116వ నెలనెలా తెలుగు వెన్నెల" మరియు 38వ టెక్సస్ తెలుగు సాహిత్య సదస్సు

Mar 23, 2017
ఉత్తర టెక్సస్ తెలుగు సంఘం (TANTEX) సాహిత్య వేదిక ఆధ్వర్యంలో "116వ నెలనెలా తెలుగు వెన్నెల"…

KAJAL AGGARWAL becomes 'The First South Indian Actress' to Reveal...!!!

Mar 21, 2017
Without a hint of doubt, Kajal Aggarwal is the leading actress in South Indian Film…

INSIDE STORY: Special Guests for Baahubali-2 Audio

Mar 20, 2017
Tollywood's Most Successful director SS Rajamouli's magnum opus film, Baahubali — The…

Ficus Pax Set to Emerge as India's Largest Eco-friendly Packaging Company

Mar 20, 2017
As part of Vision 2020, Ficus Pax, a company founded in 1999, has drawn up plans to…

MELODY TIME: Listen to Alia Bhatt's BEST songs in her career

Mar 20, 2017
Alia Bhatt is an Indian actress and she is the daughter of Mahesh Bhatt. Alia is a…

Virat Compared To Trump By OZ Media

Mar 22, 2017
Australia media continues to attack the Team India captain Virat Kohli. In a fresh note…

No permission granted for protest by Jat's on March 20

Mar 20, 2017
New Delhi sources have stated that as per latest report that the Jat quota agitators, who…

Huge Setback For YCP..TDP Wins All MLC SeatsI in AP

Mar 20, 2017
It was a huge set back for Jagan lead YCP in AP MLC elections as the party in power TDP…

Threat to Donald Trump

Mar 20, 2017
Donald Trump polarised US society so much that hatred between all sections of people is…

Akshay Kumar's gesture exhibits his patriotism, says Paramilitary force

Mar 20, 2017
Bollywood industry's sources have stated that Akshay Kumar recently had made a donation…
Latest videos
View all videos