MySpace, PayPal Partner On Nonprofit Fundraising

Los Angeles-based MySpace and PayPal announced this morning that the two companies are teaming to help people collection donations for non-profit organizations. According to the firms, they have create a fundraising software--which they are calling the MySpace IMPACT / PayPal fundraising widget--which can be placed on any MySpace page. The widget can be used to donate money to the non-profit of a user's choice. The firms said that the widget is being used by The Jonas Brothers, Miley Cyrus, Hilary Duff, Vanessa Hudgens, and others to raise money for nonprofit causes, and that it will be launching a content for its customers and nonprofits to promote the effort, with a $20,000 cash prize to the nonprofit which raises the most money through the widget.