Here is the undestading and comments.
1. Make “Campaign Summary” Not Required and hide [OK, this can be done, but we need to provide this fields value from story field as short to display in front listings]
2. Add this placeholder to “The Story””: [OK, got it]
Make a good first impression. Your story is personal. Make sure it’s also
honest and from the heart.
People want to know who you are, for who or what you’re raising the money.
Be specific, and give people the reason to help you… Right now.
Show how thankful you will be.
You can do it!
3. Make “Your PayPal Account” and any other payment type field Not Required and hide. [OK, in this case we need to provide admin payment account so that other members can pay for campaign]
4. Make “Set this to unlimited time” Checked and hide the whole “Expiry Date” field set. [OK, got it]
5. Make “Allow anonymous donation? If donor selects anonymous donation then his
name and photo are hidden from public” Checked and hide. [OK, got it]
6. Hide Location Icon at the end of the Location Field. Please don’t hide the location field
itself .[OK, got it]
7. Hide the next 3 fields “Privacy”, “Comment Privacy”, and “Donate Privacy”. [OK, we need to provide default values internally to handle these settings, "Public", "Members", "Members" etc...]