topic Re: Crowdfunding in Community Spirit

Crowdfunding

grandmoon — Sat, 25 Oct 2014 23:53:51 GMT

Has anyone had any experience with this organisation ??

Re: Crowdfunding

imastawka — Sun, 26 Oct 2014 00:13:51 GMT

I thought 'crowdfunding' was just the terminology.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, typically via the internet.

Do you have a specific organisation to name? Idiegogo, ozcrowd, pozble?

I have no knowledge of any. I thought if you wanted to 'crowdfund' an idea,

you could do it yourself.

Re: Crowdfunding

grandmoon — Sun, 26 Oct 2014 00:22:45 GMT

While at a meeting yesterday we were discusing a major funding project and some was talking about crowdfunding as a way of raising the large sum we need. Most of those present had not heard of it and after I googled it I am still none the wiser. I was hoping someone here would know something about it.

Re: Crowdfunding

cherry*135 — Sun, 26 Oct 2014 00:32:14 GMT

Have a look at this website ... It focuses mainly on sports & community grouos. It explains about crowd funding ( Aust site)

http://howtofundraise.com.au/fundraiser/crowd-funding/

Re: Crowdfunding

imastawka — Sun, 26 Oct 2014 00:32:52 GMT

As I said, I have no kowledge but a quick google of 'crowdfunding australia'

gives a lot of companies. The all seem to give you a free start-up but then

charge a percentage (some 5%) of what you raise.

The Tax Office is also looking at GST payable apparently

http://www.smh.com.au/it-pro/business-it/crowdfunding-may-attract-gst-ato-20141006-10qtf0.html

Maybe someone else here has more knowledge. Good luck

Re: Crowdfunding

cherry*135 — Sun, 26 Oct 2014 00:35:35 GMT

How Successful is Crowd Funding?
50% of the time, fund targets are not reached but this is mainly because the project/cause is not promoted or driven hard enough. If clubs are going to use Crowd Funding to raise funds they need to spend time to make their fundraising page interesting and drive the promotion using tools like social media.

Very few clubs have tried crowd funding. It is not a magic giving tree, it will take time, effort and constant communication to get traction. When it does, amazing things can and do happen.

- See more at: http://howtofundraise.com.au/fundraiser/crowd-funding/#sthash.utd9mJIo.dpuf

Re: Crowdfunding

grandmoon — Sun, 26 Oct 2014 00:48:21 GMT

Thanks for the links. It doesn't look like something that is suitable for our organisation which is a charity, as we have grown so much lately we now need to extent and are trying to raise enough to add a larger room to the building we are using.

There are a couple on the committe who are looking for the quick and easy way of raising the money with little or no effort on their part.

While the rest of us are looking at the sausage sizzles, garage sales, trivia nights etc.

Re: Crowdfunding

imastawka — Sun, 26 Oct 2014 00:52:47 GMT

Crowdfunding will only work if someone is on top of it.

Sausage sizzles are always good, and fete season is upon us.

Have you asked the local council if they will chip in for the extension?

Sometimes they will, for a charity.

Re: Crowdfunding

azureline** — Sun, 26 Oct 2014 01:04:47 GMT

http://howtofundraise.com.au/fundraiser/crowd-funding/

This might be useful, there are very many options for fund raising, I have contributed to some special needs ones but the name escapes me atm

Re: Crowdfunding

grandmoon — Sun, 26 Oct 2014 01:05:09 GMT

We don't have a council here in Canberra. One of the ladies is checking to see what grants are available that we can apply for. Another is going to contact the local and federal Pollies. While the rest of us are starting to arrange some fund raisers.

Re: Crowdfunding

boris1gary — Sun, 26 Oct 2014 01:37:28 GMT

Check this one out, I have donated using it

http://www.gofundme.com/

Re: Crowdfunding

jean2579 — Sun, 26 Oct 2014 05:01:17 GMT

Grandmoon, have you tried looking for a sponsor or several who could split the cost between them. We have a major art event here in a regional area annually and it is funded principally by a philanthropist in Sydney and several of the local motor dealers also chip in hefty amounts. Sometimes also the major banks and some foreign banks if they are trying to get a foothold in your area are also approachable. I have found that if they have allocated all of the annual grants they will suggest someone else.

Re: Crowdfunding

purple_haize — Sun, 26 Oct 2014 05:05:20 GMT

The go fund me one seems to work, I have donated $$$ to different things on the site, both here in Au and USA.

Re: Crowdfunding

grandmoon — Sun, 26 Oct 2014 05:18:38 GMT

No we haven't thought of sponsors yet but I will suggests that next meeting.

We need to start using anyone we know who has contacts in the business community and the service clubs.

This seem to be the first time one of us have be involved in raising a very large sum of money.

Re: Crowdfunding

imastawka — Sun, 26 Oct 2014 05:30:51 GMT

Get ya gear off for a 'special' Canberra Ladies calendar

Re: Crowdfunding

jean2579 — Sun, 26 Oct 2014 05:32:04 GMT

Grandmoon, just a suggestion but start with the main local banks and ask the Manager to put you in contact with their public relations people in their head office.

If you are in a regional area there is a bank called Rabobank who are very community minded.

The other ones to try are local philanthropists like Dick Smith, Lachlan Murdoch and James Packer, I believe that all have community related departments and are very approachable.

Another alternative which worked here for a community project which needed to be built was to approach several of the local builders and large hardware stores and together they all pitched in.

Of course it all depends to a large extent on the charity.

Re: Crowdfunding

grandmoon — Mon, 27 Oct 2014 00:37:10 GMT

After discussing your suggestion we Ladies decided that the men should do it.

Re: Crowdfunding

grandmoon — Mon, 27 Oct 2014 00:40:35 GMT

Thanks for the suggestions Jean.

It has given us a lot to think about and some work to do. I am feeling a bit more positive that we will achieve our goals.