2021 TIME100 Most Influential Companies
Tim Cadogan, CEO of GoFundMe, speaks in New York City on Sept. 26, 2016.
John Lamparski—Getty Images for Advertising Week New York
April 26, 2021 10:29 PM EDT

GoFundMe has become the go-to crowdfunding platform for those facing imminent financial burdens. That has been especially true during the pandemic: from March 1, 2020, to Aug. 31, 2020, more than 9 million donations raised $625 million for COVID-19-related hardships—though CEO Tim Cadogan has repeatedly said he would rather governments, not his company, provide a social safety net. (GoFundMe takes a 2.9% processing fee from each donation.) 2020 also saw the most donations ever for one campaign: more than 500,000 people raised nearly $15 million for the Official George Floyd Memorial Fund.

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