Crowd-funding as a new school fundraising tool

Uruut_06There’s a new way for schools to raise money for major projects without having to turn to the same over-used funding source: parents.

It’s called Uruut, an online crowd-funding firm.

“Uruut is an online platform for groups to post projects in the community,” said Mark Feinberg, founder of Uruut. “It could be money from individuals, it could be businesses it could be foundations, all coming together to work to support the community.
Feinberg created Uruut to help non-profits connect with individuals, businesses and foundations who pitch-in whatever they can to help reach a common fund-raising goal.
“It’s not just limited to schools. It’s schools. It’s trails. It’s parks. It’s programs within the community. It’s church programs,” Feinberg said.

Uruut’s first project is to help Ashford Park Elementary in DeKalb County replace it’s outdoor classroom and amphitheater.

“It’s (made of) wooden railroad ties that have rotted out. It’s more of a hazard,” said Shawn Keefe, President of the Ashford Park School Education Foundation. “It’s our goal to put in a new amphitheater that teacher can take classes out for class work. It can be used for student productions. It can be used for community events,”

The program is working.

Since launching in July, Uruut has snagged 157 individual project donors and 25 corporate sponsors combining to raise more than $82,000 toward the $100,000 pricetag for the teacher.

It includes a 35-thousand dollar platinum level sponsorship from Ed Voyles Honda and two silver sponsors: Brookhaven Orthodontics and Wood Partners.

What do donors get?

“Businesses and foundations have other needs: recognition needs, branding needs.
And, we’ve built that into the platform. They get a logo right on the project page,” said Feinberg.

They also get to give back.

“People that live in this community, but don’t have children in this school, they still have a vested interest in this community and the stronger we can make our school, the stronger the community,” said Keefe.

Source: 11 Alive

Link: http://www.11alive.com/news/article/307732/29/Crowd-funding-as-a-new-school-fundraising-tool

Tags: , , , , , ,

HEADLINE NEWS

LivemintFinding the right balance on crowdfundingLivemintSecurities market regulator Sebi (Securities and Exchange Board of India) has been trying to get a handle on digital platform-based crowdfunding since at least 2014, when it issued a cautiously positive consultation paper. It fl [...]

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

The Northern Daily LeaderThe perks and pitfalls of crowdfundingThe Northern Daily LeaderWith a few clicks, would-be entrepreneurs, artists and charities can launch a project and start crowdfunding. All they need to do is nominate a dollar goal to raise within a certain time, and list [...]

League: Warriors legend Monty Betham drops crowdfunding bidNew Zealand HeraldFormer Warriors Monty Betham has pulled the pin on his quest to launch a crowdfunding campaign to buy the Warriors. With Warriors owner Eric Watson locked in negotiations to sell, Betham made a plea to league [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

GeekZing Smart Light Passes Crowdfunding Goal With Flying Colors ...GeekAt age 31, I still prefer to keep a light on in the hallway, illuminating my way to the bathroom in the middle of the night. (God forbid I step on the creeping cat—or ...and more » [...]

Censorship in Crowdfunding Services and How Bitcoin Could HelpInside BitcoinsThis once again highlighted the need for crowdfunding and community support for independent projects to remain afloat, but this time it was more serious. With YouTube throttling advertising revenue to creator [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |