• All Share : 47879.45
    UNCHANGED0.00%
    Top 40 : 3795.47
    UNCHANGED0.00%
    Financial 15 : 14216.55
    UNCHANGED0.00%
    Industrial 25 : 57515.62
    UNCHANGED0.00%

  • ZAR/USD : 10.9311
    UP 0.07%
    ZAR/GBP : 17.5880
    UP 0.10%
    ZAR/EUR : 13.8531
    UP 0.04%
    ZAR/JPY : 0.1011
    UP 0.10%
    ZAR/AUD : 9.6172
    UP 0.23%

  • Gold : 1130.5000
    DOWN -8.15%
    Platinum : 1887.0000
    UP 51.57%
    Silver : 17.6000
    UP 2.44%
    Palladium : 585.5000
    DOWN -24.35%
    Brent Crude Oil : 86.130
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Sat Oct 25 13:58:28 SAST 2014

Crowd-funding draws donations for Sandy relief

Sapa-AP | 23 December, 2012 15:38
A woman walks through her burnt house in the Breezy Point neighborhood which were left devastated by Hurricane Sandy in the New York borough of Queens on November 14, 2012.
Image by: ADREES LATIF / Reuters

Some who lost their homes or businesses in Superstorm Sandy have turned to crowd-funding websites to elicit a faster response than they might get from the government or traditional charities.

While Congress considers a $60 billion disaster aid package for the storm victims, hundreds of them have gotten quicker results by creating personalized fundraising campaigns on sites including GoFundMe, IndieGoGo and HelpersUnite.

These individual fundraising efforts have totaled a few million dollars, enough to show the funding model can work. GoFundMe leads the way with $1.3 million raised by about 320 individual campaigns from more than 14,000 donors.

Some charity watchdogs warn, though, that such sites could be ripe for abuse by people taking advantage of a tragedy.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.