UK-based fundraising website Bmycharity is to close next week after a sponsorship deal collapsed, leaving it without the resources it needs to continue. The site, which was set up in 2000, stopped taking commission charges in October last year, stating that it would instead be funded by business sponsorship. Earlier this month, the firm announced it had recruited its first corporate sponsor, financial services company Interactive Investor – and managing director Ben Brabyn said the company had not pulled out of the sponsorship deal. Bmycharity has, however, been unable to raise the capital needed to maintain and expand the site as hoped. Brabyn stressed that funds raised through the site would be safe and that final payments would be made to charities during April, although the site itself will stop taking donations on 19 March.
Third Sector Online, 11 March 2010
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