What is crowd-financing?

Crowd-financing is similar to crowdfunding used by sites like GoFundMe but has significant advantages when used for paying for dental care procedures.

• Money collected is paid directly to the dental care provider pm the patient's behalf and not touched by the patient. This ensure the funds can only be used to pay for dental care.
• The patient privacy is better protected as they are not required to share their campaign publicly on social media.
• The program requires the patient to raise enough funds to complete the surgery. If not enough contributions are collected, and the goal is not reached, all funds are returned to the donors. This reduces the risk of trying this innovative technique for raising funds as the patient will receive their surgery or the donors get all their money back.

Do I get a tax receipt?

While giving to a campaign is a charitable act, as it is paid to a business, it is not eligible for a tax receipt.

How long does the crowdfunding campaign run?

The campaign runs until a deadline. This is usually 30 days from its launch. If the campaign reaches its goal prior to the deadline, the campaign is closed and the funds are used to pay for the treatment. 

What happens if the campaign doesn't reach the goal?

If the campaign does not reach the goal in the timeframe allocated, all payments are cancelled and returned to the donors without cost.