quiltz
Drama Llama
Posts: 6,850
Location: CANADA
Jun 29, 2014 16:13:28 GMT
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Post by quiltz on Aug 5, 2024 1:44:37 GMT
Vote for up to 3. How do you feel about Go Fund Me Accounts? Should the fundraising be limited to medical or death or other immediate emergencies? Should the money collected be taxed as "Income Earned" should be taxed on a Provincial/State level?
**This is my first time ever creating a thread with a poll, so hopefully I did this correctly.**
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Post by cmpeter on Aug 5, 2024 1:49:56 GMT
I’ve participated a couple times. I have to really know the person and feel passionate about the cause/reason.
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Post by mom on Aug 5, 2024 1:54:31 GMT
Yes, I have donated before - to people I know and some I don't.
I think GFM are over used today's society. Ive never really thought about if they should be taxed or not, but my immediate thought is yeah, count it as income. There may be reasons why it shouldn't be, but off the top of my head, I can't think of why not, but Im open to hearing those reasons.
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Post by katlady on Aug 5, 2024 2:00:01 GMT
I've only contributed once, it was for a close friend who had a sudden illness. No one else we know personally has ever set up a GoFundMe. I don't contribute to people I don't know. The "Good Cause" one, it would depend on lots of things. I haven't found one yet that made me contribute to it.
I don't think it should be limited to certain triggering events. Let people decide if they want to contribute to whatever the reason for the GoFundMe is for. The tax one, I am undecided. I probably lean towards no, no taxes. Usually a gift tax is the burden of the giver, not the receiver. And it is not "Earned Income." I guess it could be classified as "Passive Income", which is taxed.
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snyder
Pearl Clutcher
Posts: 4,342
Location: Colorado
Apr 26, 2017 6:14:47 GMT
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Post by snyder on Aug 5, 2024 2:01:02 GMT
I don't like Go Fund Me accounts, but I have contributed, but first I check to see if I can contribute in another way to avoide the fees that at deducted.
The money should not be taxked. It is a gift and one can accept up to $18,000 from a person before needing to claim it. If its not taxed on a federal level, it should not be taxed on the state level.
I don't blame people turning to Go Fund Me when they feel desperate. It is a tool to help a person/family and an easy way to gather donations.
I have seen some really crazy ones posted and think some do abuse the fact.
I think is is also weird that a celebrity asks for medical help and they get millions when a person that has suddenly lost a child can't get $250 in donations.
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Post by melanell on Aug 5, 2024 2:01:29 GMT
Well, unfortunately I need at least 4 choices. So I just chose the 3 more specific ones. Yes, I have contributed to several. No, I have never set one up myself, nor has anyone ever set one up for me. (I will go knock wood that no one has a need to now that I've said that. ) I've contributed for all manner of reasons, including 3 of the ones you specified--medical & death related expenses for friends/family, as well as donations for people I didn't know. Plus some that were other reasons, which I guess would fall under things I felt were a good cause. I do think it's perfectly fine to ask people if they would be willing to give a small amount in hopes that many small amounts will add up to create the help someone needs. And it's equally perfectly fine to opt not to ever give money to those requests. Or to give when you can, and skip some if it's a time that's more difficult for you to be handing out funds. To me, it's a form of community coming together to help someone, much like you might do with a rummage sale or bake sale, where the profits help someone in need. But in my humble opinion, you can hold a raffle, or host a spaghetti dinner to raise funds, and there's whole lot of work and effort and guests trying to fit things into their schedule that they don't particularly even want to do; OR, they can just give people some money. And to me the latter seems a lot simpler, with less general waste. (Meaning all of the waste generated by hosting & advertising an event to raise funds.) Plus, people facing unexpected medical or death expenses probably don't have the ability to come up with special events to try to raise funds, either. Before GoFundMe existed I used to see/hear people joke about "If everyone I knew just gave me $1.00, I'd be able to do XYZ", and I'd think "That's so true, yet no one ever asks, despite the fact that many people would be very willing to fork over a dollar for a friend/neighbor/coworker, or even a stranger. GoFundMe just gave people a platform to ask for that dollar. And I'm often willing to give the proverbial dollar. As for your other questions, I see no reason to limit the reasons for asking. No one is forced to give anything. If someone only wishes to give for certain reasons, then they should go with that. And let others give for repainting Fido's doghouse if they wish. As for taxing it as earned income...I view it as a gift, personally. Sometimes the recipient isn't even aware that the money is being collected, so they certainly aren't earning it in any way.
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pantsonfire
Drama Llama
Take a step back, evaluate what is important, and enjoy your life with those who you love.
Posts: 6,264
Jun 19, 2022 16:48:04 GMT
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Post by pantsonfire on Aug 5, 2024 2:03:35 GMT
I have twice. Once for a close friend whose child died to being an Autistic elopement and another for a close friend whose DH was diagnosed with ALS and the military was being a PITA with proper coverage.
I really dislike GFM. It is abused and overused.
I know someone whose child has a rare for if epilepsy and it is used by them all.the.time. Their lastest quest is a specific wheelchair. Insurance will cover it they just don't want to go through proper paperwork routes or it isn't deemed necessary (I personally don't think it's a need but a want). But whatever.
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anaterra
Pearl Clutcher
Posts: 4,134
Location: Texas
Jun 29, 2014 3:04:02 GMT
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Post by anaterra on Aug 5, 2024 2:16:10 GMT
I have contributed... for people i know n people i don't... medical expenses or death or what moves me...
I am not as free with my donation as i used to be... but im not gonna say never ever again
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Gennifer
Drama Llama
Posts: 5,241
Jun 26, 2014 8:22:26 GMT
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Post by Gennifer on Aug 5, 2024 2:27:57 GMT
I have only contributed once, and that was to help cover funeral costs for someone who graduated with me, in my small class of under 100.
He was having a mental health episode and was shot by police. It was very tragic, and I don’t believe he was in a situation where he had a job or life insurance to cover those costs. His children (late teens/young adults) were having to shoulder the expense.
As a general rule, I don’t like them.
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Post by Lianna on Aug 5, 2024 2:28:05 GMT
I actually contributed today for the first time ever. My friend's grandson had a near drowning yesterday and is on a ventilator. They are raising money for medical expenses. I also as a general rule don't care for them.
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Post by Merge on Aug 5, 2024 2:32:36 GMT
I’ll contribute if I feel the cause is worthy and reasonably trustworthy, just as I buy Girl Scout cookies and help clear teachers’ wish lists.
I do get frustrated at how often people are trying to raise money for medical expenses, as I feel medical debt should not exist in the world’s richest country, but that’s just me. And obviously I’m not frustrated with the person in need, but with our crappy system.
And sometimes they’re obviously just scams or someone looking for a payday. Skip those.
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Post by Lurkingpea on Aug 5, 2024 2:56:32 GMT
I contributed to one when a former student was killed in an accident. It was to help the family with funeral expenses and help cover extra expenses while they weren’t working. As a general rule I dislike GFM.
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Post by crazy4scraps on Aug 5, 2024 2:57:01 GMT
I not a fan because of the fees they take so if I have another way to donate where the person gets 100% of the contribution I would much rather do that. DH has donated to people we know and some we didn’t, pretty much only for medical or death expenses. I too think it’s overused but it’s a legal way to gin up some cash quick so I understand why people do it.
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Post by smasonnc on Aug 5, 2024 2:59:18 GMT
I've contributed several times but there has been so much fraud and fluff that I'm really soured on it. A well-liked guy in our community died recently and someone set up a GFM for his parents. Why do the parents of a 50-year-old guy need money? It's awful that the guy died, but will money make it better? I see kids setting up GFMs to travel or take a gap year. WTH?
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Post by peano on Aug 5, 2024 3:07:04 GMT
I contributed once to a young man I didn't know for educational reasons. I have no idea in reality if it was legit; it was reported that he was academically gifted but could not afford the tuition to a community college that would be easily reachable most in my town. I instinctively was touched by something in his photo, the kind of dorky way his pants were rolled up over his sneakers. I acted on intuition. I believe the full amount was raised.
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Post by melanell on Aug 5, 2024 3:13:30 GMT
I've contributed several times but there has been so much fraud and fluff that I'm really soured on it. A well-liked guy in our community died recently and someone set up a GFM for his parents. Why do the parents of a 50-year-old guy need money? It's awful that the guy died, but will money make it better? I see kids setting up GFMs to travel or take a gap year. WTH? See, I'd love to give a kid a few bucks to put towards travel. I doubt they'd fund their whole trip via GFM, but it could be a nice little boost for them, both financially and just in the way of thinking "Wow, people were willing to help me out just to be helpful. That's pretty cool." To me, it's just a big kid version of over-paying the kids down the block for lemonade I'm not going to even drink. Only, you know, without having to go throw out the cup of lemonade. As for setting up a GFM for the parents of the 50 year old--I suppose there's the possibility they didn't have funds for funeral expenses, or, and this is the reason I think is most likely--it's something to do. When someone loses a loved one, so often we want to do something to help, but don't know what. My guess is that the GFM was someone's well-meant idea of a way to help.
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westiemom
Shy Member
Posts: 48
Aug 14, 2023 4:21:57 GMT
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Post by westiemom on Aug 5, 2024 3:17:51 GMT
I contributed once for a friend of my sons who was diagnosed with testicular cancer. He was teaching overseas and wanted to bank his sperm before surgery and was encouraged to do the procedure where he would eventually live. I don't believe they had the money to fly home at the time. I was pleased to help. HOWEVER, I think GFM has turned into cyber-begging and I don't care for that. I remember a supervisor I once had set up an account for her daughter to pay for her class trip to DC. I told her GFM should be for students who truly cannot afford the trip, not those with parents making 150K+ a year. (she didn't like me much anyway LOL)
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Post by melanell on Aug 5, 2024 3:17:51 GMT
I not a fan because of the fees they take so if I have another way to donate where the person gets 100% of the contribution I would much rather do that. This is how I feel about most fundraisers that involve you buying a product. Half the time or more I don't even want the product, and so I buy something I don't want and the organization only gets a small percentage, because they still have to cover the cost of the product(s). I feel like at least with GFM it's the opposite--GFM takes a small fee, and more of the money goes to the person/group.
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Post by Zee on Aug 5, 2024 3:19:57 GMT
I have donated to people I know and people I don't, if I think the cause of worthy or I'm moved by it.
The saddest one to me was a teenage boy whose family was murdered with an axe by his uncle. Absolutely true story, was local to me, and his story just broke my heart. I think about him every so often. I hope he was able to somehow be ok in time. It was about ten years ago.
I have given to a friend whose house burned down (she's a lovely person), an acquaintance who had medical expenses, the children of an old friend who died unexpectedly and I'm sure did not have any life insurance, and I don't remember what else.
I don't think it needs limits, we can all decide whether we want to give or not. No I do not think it should be taxed.
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Post by crazy4scraps on Aug 5, 2024 3:21:33 GMT
I not a fan because of the fees they take so if I have another way to donate where the person gets 100% of the contribution I would much rather do that. This is how I feel about most fundraisers that involve you buying a product. Half the time or more I don't even want the product, and so I buy something I don't want and the organization only gets a small percentage, because they still have to cover the cost of the product(s). I feel like at least with GFM it's the opposite--GFM takes a small fee, and more of the money goes to the person/group. For the stuff kids are selling for fundraisers, etc. you can also usually just make a direct donation to the organization instead of buying products you don’t want. That way the school or group will get 100% of the money.
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Post by librarylady on Aug 5, 2024 3:27:33 GMT
Someone I know needed help with medical. I sent b the check directly to the person so that she didn't have to give any to the GoFund Me organization.
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Post by melanell on Aug 5, 2024 3:29:27 GMT
This is how I feel about most fundraisers that involve you buying a product. Half the time or more I don't even want the product, and so I buy something I don't want and the organization only gets a small percentage, because they still have to cover the cost of the product(s). I feel like at least with GFM it's the opposite--GFM takes a small fee, and more of the money goes to the person/group. For the stuff kids are selling for fundraisers, etc. you can also usually just make a direct donation to the organization instead of buying products you don’t want. That way the school or group will get 100% of the money. Yes, I have done that a few times, although sometimes those fundraisers come with prizes attached, and then the kids are hoping you will buy the item they are selling instead.
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Post by crazy4scraps on Aug 5, 2024 3:37:39 GMT
For the stuff kids are selling for fundraisers, etc. you can also usually just make a direct donation to the organization instead of buying products you don’t want. That way the school or group will get 100% of the money. Yes, I have done that a few times, although sometimes those fundraisers come with prizes attached, and then the kids are hoping you will buy the item they are selling instead. I never considered that because at the schools my kid has attended they award the prizes for the most $$ donations a kid brings in, not the number of items or tickets sold. We almost never buy the thing, we just give DD a cash donation from DH’s business. She’s won the classroom level prize several times just doing that.
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Post by workingclassdog on Aug 5, 2024 4:16:57 GMT
I have donated to a couple of them. Both didn't know personally, but had a connection somehow.. The last one was a few weeks ago. If you remember Ginga and Grandma (sisters over 100 that became 'famous'), I started following grandma's grandson on FB. He is an amazing person. Very successful and is very giving. He has personally helped at least two or three people (without asking for donations). I won't go into the story because it is long. He did recently post a GFM link to a kid with cancer. I can't remember his connection. But I donated to that. Just like $10. To me it's like giving a few bucks to a homeless person on the street. I give it. I don't expect anything. I just move on.
I have never signed up for one or do I know anyone personally that has set up one. OH except for one 'friend' YEARS ago. She set up a fund for a Disney trip. I thought it was the sickest thing I ever saw. She was a scrapbook friend. Her sob story is they wanted one last trip with the whole family before the oldest went into the military. From what I gathered, is that they went to Disney every year and always lived way above their means. I disassociated from her immediately after that.
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Post by compeateropeator on Aug 5, 2024 5:13:13 GMT
I said yes I have donated to someone I don’t know and yes for a worthy cause.
I am not a huge fan but sometimes it is the easiest and quickest way to help someone.
For example I had a coworker whose 10 year old daughter just passed alway from cancer after a year including time at the Mayo Clinic and a hospital in Boston. Her father took an absence from work and a go fund me was set up to help with their travel and extended stays and whatever else was needed.
A close coworker’s house burned down. There was a go fund me to help while processing through insurance, etc. I think they have their usefulness but can be also be abused. The good thing about them is they are completely up to you whether you want to participate or not.
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seaexplore
Prolific Pea
Posts: 8,878
Apr 25, 2015 23:57:30 GMT
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Post by seaexplore on Aug 5, 2024 5:15:11 GMT
I dislike go fund me’s and will give money directly to the person so they get the full amount of my donation.
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Post by merry27 on Aug 5, 2024 6:09:51 GMT
While I have contributed to several, I really dislike them. The majority of the ones I see are for burial and medical expenses. You can get a really cheap policy for burial yet most people I know don’t have one BUT they go on vacations, have nice things, etc. same for the majority of medical- I get that medical insurance is insanely expensive (we are Self-employed and pay a crazy amount) but if you have money to go out all of the time, get tattoos, drive nice cars and go on vacation then you can afford it. You just don’t want to.
i contribute to ones that experience fires, unexpected long-term illnesses and totally unexpected, unavoidable situations. I have seen numerous GFM’s lately asking for spending money for a child’s trip to Greece, Vasectomy reversal for your older husband so you can have kids, team sports fees and a new thing called “Warm The Dorm.,” for a friends child going away to college. The parents make a lot of money and their daughter got a full-ride. I don’t get it??
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Post by gar on Aug 5, 2024 7:12:19 GMT
Go Fund Me do operate in the UK but I've not seen one/been asked to contribute, as far as I recall. Obviously we don't have the basic need for medical expenses so maybe that's why they're rarer here.
I'm not keen on the idea because of the way it can be abused but I guess that's on the contributors to decide if the request is reasonable or not.
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sueg
Prolific Pea
Posts: 8,572
Location: Munich
Apr 12, 2016 12:51:01 GMT
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Post by sueg on Aug 5, 2024 7:52:15 GMT
When my BiL was left paraplegic after a spinal stroke, one of my cousins set up a GFM. It wasn’t for medical expenses, as that was fully covered (they live in Australia), but to cover the extra expenses needed to get their house ready for him to come home and extra therapies, in the time it took for his National Disability to be approved and start to pay for things. It also helped cover extra travel and other expenses while my sister was travelling to and from the hospital and rehab for the 5 months he was there. I didn’t contribute, as I was staying at her house during that time and made my contribution in other ways, but the amount raised helped a lot.
Currently, a cousin is running one to cover her expenses to attend a competition in the UK, travelling from Australia. I probably won’t contribute to that, as I see this as a choice she made to attend, not a necessity, and I don’t see funding other people’s choices as my problem.
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Post by gillyp on Aug 5, 2024 9:26:50 GMT
I honestly can’t remember if I’ve contributed to one or not. If I did it would have been years ago but I suspect not. I’m not keen on them but if my dearest friend did one for whatever reason, I would give in a heartbeat as I know it would be a genuine cry for help. I’d like to think I’d have helped before it got to that point mind you. As gar says, they don’t seem to be that common in the UK. Usually people tend to do “big acts” to raise money. Like if a family wanted to raise funds to send a child to another country for hospital treatment, they’d fundraise by pushing a hospital bed from one town to another. Something a bit out of the ordinary where folk can cheer them on iyswim.
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