Comparisons: Online Fundraising with DreamBank and GiveMeaning

Posted by Greg Andrews

As part of a series comparing startups with similar models, today we compare two online fundraising sites: GiveMeaning and DreamBank. Both are based out of Vancouver; DreamBank launched this last Summer 2008, GiveMeaning was started in 2004.

Interface: DreamBank keeps things simple and paired down. GiveMeaning's site feels a tad dated, though is more rich with information, including a map view.

Costs: DreamBank takes a 2.5% fee "to cover transaction costs", but also "gives 10% of its net transaction revenue to the charities". GiveMeaning doesn't charge any fees, but accepts donations and has some advertising on the site.

Tax Receipts: GiveMeaning can issue tax receipts if the project is eligible. DreamBank does not deal with tax receipts.

Intention: Though the sites both perform essentially the same technical function, they have differing approaches in what they host. GiveMeaning hosts charities and personal projects that pass a proposal voting process. DreamBank describes itself as an "alternative gift giving service" that reduces materialism and also helps various causes. Though browsing through the "dreams", one sees that many users are using DreamBank for social change projects.

It's slightly ironic that DreamBank uses a .org TLD that would normally be associated with non-profit organizations, but is a private company, whereas GiveMeaning (.com) is a non-profit. Both are good platforms, which is most ideal depends on your particular project. Smaller, more personal projects will probably find a better home on DreamBank. Bigger ideas may be better suited to GiveMeaning. The only clear winning advantage goes to GiveMeaning: no fees.

Company:
GiveMeaning
Website:
http://www.givemeaning.com
Location:
Vancouver, British Columbia, Canada

GiveMeaning exists to reduce the barriers separating people’s generosity from the problems that need attention, close to home and far away. more

Company:
DreamBank
Website:
http://dreambank.org
Location:
Vancouver, British Columbia, Canada

DreamBank is the new model for gift giving that makes giving & receiving the perfect gift easy, and helps create positive change for the planet and important social causes too. Rather than receiving gifts that you may not really want or need -"stuff", DreamBank provides a fun, easy way for you to fulfill your "dream" gift, something really special to you like a trip, a course, piece of art, even a once in a... more


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Greg Andrews

Greg Andrews

Greg Andrews is a Writer and Web Developer and for Techvibes. Born and raised in Edmonton, Greg was blogging about his high school drama long before it was fashionable. In the Spring of 2007, half a year out of school, Greg moved to Vancouver in search of interesting technology and the Canadian dream. His personal sites are gregcorp.com and miscellani.ca. Photo by kk+ more



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