YouTube Launches New Fundraising Tools for Nonprofits | Digital Scoop 028
YouTube is launching YouTube Giving, will enable creators to raise awareness, and money, for their chosen organizations via the video platform with a new set of fundraising tools which will include Fundraisers, Community fundraisers, Campaign Matching, and Super Chat for Good.
The Fundraisers feature will allow YouTube creators and qualifying 501(c)(3) nonprofits to create and embed a fundraising campaign next to their videos and live streams. Fans are able to donate to campaigns directly on YouTube via a “Donate” button, making it easier than ever for creators and fans to raise funds for causes they care about on the platform. Creators set their campaigns up and YouTube will take care of the logistics and payment processing.
The Community Fundraisers allows multiple creators to co-host the same fundraiser. The feature is designed so that a Community Fundraiser will appear on participating creators’ videos at the same time and reflect the collective amount of money their communities are raising together.
The Campaign Matching feature, which is not yet available, will allow creators who organize Fundraisers and Community Fundraisers to receive matching pledges to help amplify their efforts.
And finally, the Super Chat for Good feature will enable creators to raise funds for nonprofits via the YouTube live-streaming Super Chat payment system. The option is in limited testing, with YouTube covering all transaction fees in the initial period – meaning that 100% of the donations go to the relevant organizations.
YouTube currently has 1.8 billion monthly active users. There is an amazing potential your cause and fundraiser can reach with the new features.
Online fundraising is a popular activity today across sites like GoFundMe, Kickstarter, and Indiegogo. Facebook also entered the market in mid-2016 when it rolled out the ability for its users to raise funds for nonprofits they support.
The company this year has been expanding the types of things creators can do with their videos, in the face of increased competition from Facebook Watch and Amazon’s Twitch. If you’re a non-profit organization, it’s worth looking into these new tests, and keeping an eye on the platforms updates and evolutions.