Beginning on January 1, 2016, a “commercial fundraiser” in California is defined as any individual, corporation, unincorporated association, or other legal entity who for compensation does any of the following: Solicits funds, assets, or property in this state for charitable purposes. As a result of a solicitation of funds, assets, or property in this state for charitable purposes, […]
Crowdfunding Platforms & Commercial Fundraisers
What keeps certain crowdfunding platforms like Indiegogo from falling within the commercial fundraiser regulations? Crowdfunding for charities is not a new concept, but the use of third-party crowdfunding platforms, such as Indiegogo and GoFundMe have become extremely popular in the past few years. These crowdfunding platforms not only provide a venue to host charitable campaigns, […]
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