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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    CRAIGSLIST FOUNDER CRAIG NEWMARK RELEASES INFOGRAPHIC ON THE LATEST TRENDS AND BEST PRACTICES OF CROWDFUNDING BY NONPROFIT ORGANIZATIONS

    CRAIGSLIST FOUNDER CRAIG NEWMARK RELEASES INFOGRAPHIC ON THE LATEST TRENDS AND BEST PRACTICES OF CROWDFUNDING BY NONPROFIT ORGANIZATIONS

    Published by Gbaf News

    Posted on March 21, 2014

    Featured image for article about Top Stories
    Craig Newmark

    Craig Newmark

    Crowdfunding raised more than five billion dollars worldwide in 2013, and peer-to-peer nonprofit fundraising is seeing explosive growth.  Those are only two of the findings included in a new infographic published by craigslist founder Craig Newmark on his craigconnects.org website.

    Other information details various crowdfunding results such as the average online donation to campaigns, the success of the crowdfunding initiative #GivingTuesday, and the best practices of nonprofits that have raised a significant amount of money with this newer fundraising tool.

    “I’ve worked on four crowdfunding campaigns myself in the past three years, and I’m pretty pleased with the results,” said Newmark. The campaigns included two to raise funds for veterans and military family organizations, another for Hurricane Sandy relief, and one in late 2013 called the Holiday Challenge for any charity that wished to participate.  Newmark worked with prominent crowdfunding platforms to promote the campaign and has donated prize money for the organizations that raise the most in order to stimulate competition and success.  All told the campaigns raised an estimated $2.6 million for hundreds of charities.

    Newmark started his craigconnects initiative in March 2011 to organize his efforts to help support nonprofits working in his areas of focus. He said crowdfunding is a natural fit for his efforts to promote the use of technology for the public good because it involves grassroots efforts and involvement. “I’m not much for top-down stuff. I only understand bottom-up stuff,” he said.

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