The rise of crowdfunding to pay for funerals

(BPT) - You’ve seen them on your Facebook and Twitter feeds shared by friends and family members, the tragic stories of a loved one’s passing and a plea for help in covering the expense of a memorial or funeral. As crowdfunding has grown, it’s become a go-to resource for many families struggling to cover end-of-life expenses including funeral costs, and to provide finances to care for surviving family.

Memorials, including funerals, are one of the fastest-growing fundraising categories on GoFundMe.com, and 113,000 campaigns created between 2010 and 2014 collectively raised more than $340 million. Memorial campaigns have extensive reach among the public as well, with nearly one in five adults ages 20-39 using the internet to solicit or donate money for funeral-related arrangements, according to a 2015 study.