What is Memorial a Fundraiser?

Posted On: 2023-02-14 16:00:53

Coping with the loss and void when a family member, a loved one or a friend passes away is more difficult in many ways than one. Emotional, physical, mental and financial issues surface at various levels for those left behind. The void created by the person leaving forever can never be filled but the issues to deal with add to the misery. The stress brought on by death and the costs included with a funeral, burial, or cremation can be insurmountable. The post-death period for the family is even more complicated if the family's sole breadwinner has passed away, leaving the family members vulnerable to uncertainties for a long time until they find a way to a steady income. 

Monthly expenses, house rent, food, electricity, children’s education fees and many other barriers stand wide in front with lots of doubts and fear behind them. Financial crises are the most visible problem that everybody faces along with others. What others can do to help the family and friends cope with the loss with emotional support, not bother them much with questions and instances that remind them of the person who passed away and most importantly, help them with financial support. While many of you probably think that giving money can be a way to help, there is another option that can assure that a grieving family's financial constraints to ease; Fundraising. 

What is a Memorial Fundraiser?

A memorial fundraiser is a way to carry on a loved one's legacy in their honour and is used to support charity causes, and assist families with funeral services. Many memorial fundraisers are started in honour of a loved one with the goal of giving back to the community in a way that the person who passed away would have found meaningful. Friends, family, and the community can come together through memorial fundraising to support friends and loved ones in times of need. A memorial fundraiser is a straightforward method to pay for costly funeral expenses or celebrate the life and memory of a cherished person.

Are donations made to memorial fundraisers tax deductible?

Donations to an individual are typically regarded as personal gifts and are not tax deductible, while donations to an organisation are typically seen as tax deductible. Even though your donation might not be tax deductible, it's still a wonderful way to preserve a loved one's memory and help the family during this difficult time. If you want to collaborate with a recognised charity, you should get in touch with them directly to find out how to create a memorial fundraiser in someone else's name.

Filaantro is an online trustworthy crowdfunding platform that raises funds for all and every genuine cause that you believe in. With its user-friendly interface, anyone can start a fundraising campaign on the website and drive the campaign online and offline to meet the target amount. Visit filaantro.org and register to start a memorial fundraiser. With social media and sharing the fundraiser widely, Filaantro can assure to solve your financial issues without the burden of being in debt. 

Author: Anjali Patel