Nonprofit Website Design Solutions: Crowd Funding websites

Crowdfunding websites propose that many small donations really do add up to successful amounts for charities. How effective are these platforms on the individual cause level?
By: Greg
 
Dec. 27, 2011 - PRLog -- Crowd funding, sometimes referred to as crowd sourcing, is an online phenomenon that began fairly recently. It is based on age-old models of cooperative funding like the Irish Loan Fund from the 1700s, which provided micro loans to poverty stricken rural families and has evolved into popular micro lending models such as those developed by Dr. Mohammad Yunus, which providing much needed capital to small businesses in India. Cooperatives and businesses are now utilizing the internet to achieve similar goals to help small businesses with startup capital and, more recently, have shifted to provide online platforms for nonprofit organizations to achieve fundraising goals for specific projects.

Crowdfunding websites propose that many small donations really do add up to successful amounts for charities. The proof is in the statistics: Fundly.com has raised over $233M, Razoo.com $73M and GiveZooks.com $49M, of those who report their totals. How effective are these platforms on the individual cause level?

On Crowdrise, the Foundation for Antarctic Research has realized its goal of raising $10K and actually overshot it by $3K for its “Save the Emperor Penguins on Snow Hill” project. On Razoo, the New Life Academy Educational Foundation Inc. has also overshot its goal of raising $100K for its FUEL “Faith-Driven Education” program.

What;s the best approach to crowdfunding? The Design Press offers both setup and management on public crowdfunding sites, as well as development of private nonprofit crowdfunding websites for mission based projects.

Learn more at: http://thedesignpress.com

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We provide nonprofit consulting including internet fundraising, web design for nonprofits and grant proposal writing for nonprofits.
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Source:Greg
Email:***@thedesignpress.com Email Verified
Zip:80302
Tags:Nonprofit Website Design, Internet Fundraising
Industry:Nonprofit Website Design
Location:Boulder - Colorado - United States
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