In 2025, donation platform Flipcause collapsed owing more than 3,200 nonprofits nearly $29 million; bankruptcy records later showed $3.8 million went to executives, relatives and related firms before liquidation
Users began reporting delayed transfers of donations as early as late 2024 An Oakland-based donation platform collapsed after thousands of nonprofits said they were left waiting for donations that had been collected for their organisations. Flipcause filed for Chapter 11 bankruptcy in December 2025, listing nearly $29 million owed to more than 3,200 organisations across…