Crowdfunding is a method of raising funds through small donations by individuals/organizations to a larger fundraising goal. By utilizing the collective effort of a large number of individuals, organizations can reach their targets over time through marketing the campaign on social media, through email marketing, personal asks, etc.
Crowdfunding platforms have a preestablished large reach to investors and business owners looking to support meaningful projects. These websites are also easy to share via email, social media, etc. It can be less expensive and time consuming than mailing letters or putting flyers around your community.
GoFundMe: This platform is great for personal causes, such as funding a trip to International Conference. The site requires you to meet your set goal in order to collect any funds.
Fees: 5% platform fee, credit card fee of 2.9% and $.30 per transaction
Fundly: This site has more of a blog feel, encouraging the use of personal videos and slideshows to explain why you are crowdfunding. Great for storytellers!
Fees: 4.9% platform fee, credit card fee of 2.9% and $.30 per transaction
GiveCampus: This platform is specifically designed for any cause related to a university or school, such as funding student travel. Allows for creation of specific forms that can be completed on any device easily.
Fees: Requires individual university subscription, ask your college if they have an account.