Close Search
News  | 

NFP Crowdfunding Boom

9 September 2014 at 10:01 am
Lina Caneva
One of Australia’s newest Not for Profit crowdfunding organisations says it’s delivered over $1million for social cause organisations in its first year of operation.

Lina Caneva | 9 September 2014 at 10:01 am


NFP Crowdfunding Boom
9 September 2014 at 10:01 am

One of Australia’s newest Not for Profit crowdfunding organisations says it’s delivered over $1million for social cause organisations in its first year of operation.

Launched in October 2013, with the backing of its Founding Partner, The Telstra Foundation, says it has just hit $1million in donations through the platform.

“We based our financial projections on other fundraising platforms that took anywhere between 15 months to 3 years (or longer) to hit their first million, so we’ve been pleasantly surprised just how quickly the Australian social sector has taken to crowdfunding”, CEO Prashan Paramanathan said.

“At first it was just the smaller organisations trying out crowdfunding for small $5,000 to $10,000 campaigns. But increasingly we’re seeing mid-sized organisations like OzHarvest and dabbling with crowdfunding.

“It won’t be long before we see the big $100m+ organisations trying it out too.”

Even though it’s currently focused on Australian organisations, says it has seen donations come in from 39 countries, even including places as far off as Turkey, Qatar and Latvia.

“The average donation via credit card on the platform has been $87, with the largest single donation at $10,000,” Paramanathan said.

“The largest campaign on the platform so far has been from Edgar’s Mission – a sanctuary for rescued farm animals – who raised $162,458 for their ‘Raising the Roof’ campaign from 1,787 donors in 14 countries. But the record looks set for a challenge.

“As part of our expansion, we’ll be supporting a campaign for a large international organisation, with 10 times the audience of Edgar’s Mission in the coming months. With organisations like that running campaigns, we may just see a million-dollar plus social sector crowdfunding campaign in the near future

Paramanathan said the crowdfunding industry is booming both globally and locally, with the World Bank predicting that it could be funding $96bn of projects per year by 2025.

“While most of the focus has been on creative, tech and product platforms, the Not for Profit sector has also been jumping into crowdfunding at an ever increasing rate.”

One of Australia’s first Not for Profit crowdfunding platforms, mycause,  which was founded in 2007, has so far raised more than $30million for charity.

Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years. She was the editor of Pro Bono Australia News from when it was founded in 2000 until 2018.

PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at or download our contributor guidelines.

Get more stories like this


One comment

Your email address will not be published. Required fields are marked *


Impact investing lends a hand to struggling social entrepreneurs

Maggie Coggan

Tuesday, 11th August 2020 at 8:06 am

Building quality and safety in service delivery

Alan Hough

Tuesday, 11th August 2020 at 7:00 am

Employee-owned businesses urged to become better corporate citizens

Luke Michael

Monday, 10th August 2020 at 5:26 pm

NFP working group survives COVID-19 commission shake up

Luke Michael

Monday, 10th August 2020 at 5:19 pm

pba inverse logo
Subscribe Twitter Facebook

We need your help.

Since the outbreak of COVID-19, Pro Bono Australia has seen a devastating fall in advertising and less people posting on our job board, which is how we fund our free news service. You can show us that you value the work we do by making a contribution.

 Make a contribution 

You have Successfully Subscribed!