Running a project is quite easy here.

Bring your ideas to life, Help those who matter the most. What is Equity Crowdfunding? To break it down in simple terms, in equity crowdfunding, investors invest in a company trying to raise money. These investors then receive shares in the company in exchange. With equity crowdfunding, you are not loaning your money to the company. Instead, you receive shares with the hope to get a dividend out of future profits. Or you are waiting for the company to reach greater heights so that you can then sell off your shares at a higher price.

Why is it important to support those affected by COVID-19?

With such a staggering number of people in quarantine and more becoming sick, needs quickly mount. Everything from basics, like food  to pay for things like rent is urgently needed as people experience lost wages due to illness or quarantine restrictions. For those who are already sick, paying medical bills has become an additional burden. 

In countries like the United States, where not everyone may have access to insurance, financial help for the coronavirus is desperately needed to ensure people don’t avoid seeking treatment or testing because they don’t have insurance. However, even in countries with universal healthcare, the sheer surprise of this new threat has led to a huge push to raise money for coronavirus for growing demands for medical supplies and equipment.  

Ways to provide coronavirus financial relief

As the threat of this disease grows and puts further strain on communities, here are a few things we can all consider doing to provide some relief:

1. Directly support individuals impacted by the virus

As the crisis grows, so do the negative effects on peoples’ health and their financial wellbeing, but we can all do our part to help those affected. Here’s how making a direct donation to a COVID-19 fundraiser can help:

Living expenses

Hourly workers and people without paid sick time are among the most vulnerable to the negative financial effects of the pandemic. With no way to cover expenses, workers like these will inevitably fall behind on rent and other fixed expenses. For these reasons, it’s important to get ahead of the crisis and start providing support to individuals like these.

Food, water, and other basics

Low-income households are already strained in good times but this new threat makes it even more important to provide immediate financial assistance to these households. 

Millions of small businesses affected by the coronavirus are now suffering severe economic hardship because of the outbreak. Starting a fundraiser for your favorite local restaurant, bar, coffee shop, or boutique is one way to help business owners as well as service industry workers. You can also help promote them on social media like Facebook or Twitter to attract more donors to their existing fundraisers. You can also donate to these businesses yourself to ensure they stay afloat through this crisis.

Emergency medical treatment, medication, and equipment

As our economy becomes strained and more people are affected by financial pressures, the ability for people to pay for medication and treatment becomes a real hurdle to seeking treatment. As a result, people across GoFundMe have already started their COVID-19 fundraising efforts, and you can do your part to provide direct financial assistance to fundraisers, such as the examples included below. 

Donating directly to these coronavirus fundraising campaigns may provide the immediate financial support families and individuals need to rise above this crisis. While donating to charities or communal fundraisers is also a great option, fundraisers for individuals may be the best way to guarantee people get the money they need to get immediate relief.

2. Create care packages with supplies

While everyone should be taking precautions, some people in our communities may be at a greater risk if they are elderly or have preexisting health conditions. For people who are not able to get around easily due to preexisting conditions, preparing for potential quarantines may be much harder. To help these individuals, consider creating care packages to help reduce their risk of exposure. 

3. Start a crowdfunding coronavirus fundraiser for yourself or someone you know

Another great way to provide support is by creating a fundraiser for someone in need. By setting up a coronavirus relief fundraiser for someone that needs help, you can help them overcome potential hurdles they’re facing because of the spread of COVID-19. Setting up a coronavirus fundraiser is just one way to do this, but you can also look to other crowdfunding and find the right fit. 

Of course, if you’re the person in need, you may want to start a coronavirus fundraiser for yourself. You may have a sick family member, have childcare needs, or even be out of work as a result of quarantine measures in your region. Even today, only a few months after the disease was discovered, you’ll find hundreds of COVID-19 fundraisers that people have created, and many are for themselves. If you’re in a quarantined region or need emergency  to prepare, a coronavirus donation drive could make all the difference.