Today, aided by technology, several online crowdfunding platforms in Amsterdam are helping people tide over their crisis moments with dignity. Crowdfunding helps people connect to their community while also helping people in need. Moreover, it is the ordinary citizen who most benefits’ from Crowdfunding. Through its platform, WhyDonate is focused on transparency and quality service. While hundreds of organizations benefit from its fundraisers, anyone can choose to do philanthropic activities by making donations to several life-changing causes.

Here’s a brief overview of a crowdfunding campaign:

1. Decide on your objective and the amount you want to raise. Who will gain from it? What is the purpose of the campaign? Answers to these questions should be written down.
2. Select the crowdfunding site that best fits your objectives and financial constraints. Consider what assistance you require in running your campaign and how the platform can assist you.

3. Setting Up Crowdfunding Campaign

As long as the charity is recognised as a public benefit organization, donors may deduct the value of their contributions from their taxable income (ANBI). In the Netherlands, tax-free gifts are only allowed up to 10% of annual taxable income, while income tax rates range from 19% to 52%. Currently, 8% of taxpayers make use of the program.

If A person meets the following criteria, they can receive crowdfunding donations free of tax: –

• Individual gifts totalling no more than €2,122.00;
• After receiving the donations, users should stay within the wealth tax level (Note: Personal savings and other assets should be included in this threshold!).

Many Crowdfunding sites charge for fundraising, but If you are doing crowdfunding in Amsterdam, then WhyDonate is the best pocket-friendly choice. WhyDonate offers free donation page creation with no platform fee. However, there are some minimal payment processing fees that payment service providers charge to providers.