Fundraise.com Top Entrepreneur Story on Bloomberg.com

Fundraise.com to Streamline Giving, Sign Presidential Campaigns

The Boston charity boxing match put on by Haymakers for Hope in June raised $200,000 for Dana Farber Cancer Institute’s Jimmy Fund, which finances pediatric cancer research. But rather than handle the donation legwork itself, the nonprofit group used 19-year-old Nate Drouin’s fundraising website, Fundraise.com.

Andrew Myerson, a Goldman Sachs (GS) associate in New York who organized the event, says Fundraise.com satisfied Dana Farber’s exacting compliance demands, gave each fighter a page of his own that works easily with social media tools, and developed an iPad app that managed a silent auction and checked in more than 1,000 people at the Boston Park Plaza Hotel without creating a line. “They blew us out of the water,” says Myerson. “There was no shuffling through tickets, no shuffling through lists.”

Despite launching his site just five months ago, Drouin says some 500 users have tapped it to solicit donations for causes that range from tsunami relief to anti-nuke protests. He expects more than $2 million in revenue by year’s end and more than twice that in 2012. Drouin, who postponed attending Rollins College to launch the site in Boston, using $250,000 from friends and relatives, wants to shape the seven-person site into a donations platform as ubiquitous as Facebook or Twitter…

For the entire story check it out here: http://www.bloomberg.com/news/2011-07-15/fundraise-com-to-streamline-giving-sign-presidential-campaigns.html

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