Watsi: Crowdfunding Platform for High Impact Medical Treatment
Chase Adam’s is drawing on the recent explosion of crowdfunding with new start-up Watsi. Watsi is a non-profit crowdfunding platform that allows members of the public to donate money to individuals in the developing world in dire need of medical treatment. According to the website,
We believe non-profits should be impactful, innovative, efficient, and transparent, and we built Watsi on those principles. Watsi is a community, not just an organization. We are young, dynamic and serious about using technology to connect people and change lives.
The site collects people’s information from countries such as Guatemala and Nepal, creates and uploads their profile detailing their health need or illness and the cost of treatment required. Visitors can browse and pledge a donation through Paypal until the goal is achieved.
All cases are verified by Watsi and multiple third party organisations such as CNN, ABC and HBO. Given the nature of such a site, the goal of Adam’s is to remain as transparant as possible to where the money goes. The Watsi website states that their tax return will be available for download as soon as it has been filed with the IRS. Adam also posted a Google Doc on the FAQ section of the site that helps keep track of partners, patients, donations, who approved the patient and the medical partners.
Watsi raises money from private donors to cover their overheads to ensure 100 percent of all donations directly fund medical treatment.
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