Museums are looking to CrowdFunding

british-museum1

By Katherine Kehoe,The North Carolina Museum of History is raising money through unconventional methods to fund new exhibits.
The N.C. Museum of History chose crowd funding instead of traditional fundraising to help raise $25,000 for an upcoming exhibit, which is set to open November of next year.
Crowd funding differs from traditional fundraising in that anyone can donate to the project in small increments as opposed to large thousand-dollar chunks. The museum used Indiegogo.com to fund “Starring North Carolina,” which will be a yearlong exhibit celebrating filmmaking in North Carolina.
According to Camille Hunt, the museum’s project manager, the museum chose to use the crowd funding website in an effort to engage donors in a new way.
Hunt said that turning to Internet crowd funding was partially inspired by a wildly successful campaign in New York, which raised more than $1.7 million for a museum dedicated to Nikola Tesla.
“After seeing the success of the campaign to fund a Tesla museum, I thought we should definitely give it a try,” Hunt said.
Hunt said that most of the funds the museum receives from the state go toward employee salaries, insurance costs and building expenses. Hunt also said Funding for new exhibits must come from private contributions.
As an incentive to give to the project, the museum offers perks to crowd funding donors based on the amount contributed. For example, a donor who gives $36 gets a “Starring North Carolina!” T-Shirt as a reward for contributing.
Hunt said one of the strengths of this kind of campaign is that it creates a sense of belonging among contributors, and it gets them excited about donating in a new and trendy way.
“Not everyone can afford to be a high-level sponsor and crowd funding gives us all a chance to pitch in,” Hunt said. “Trends in giving are always changing. It is important to embrace new ideas.”
In addition to the filmmaking exhibit in the N.C. Museum of History, Hunt said the $25,000 goal will fund opportunities to learn about North Carolina celebrities, filming locations and a film festival.
According to Marshall Brain, a leader of the N.C. state Engineering Entrepreneurs Program, websites such as Indiegogo.com and Kickstarter.com have created a completely new way to gather donations for projects ever since they began gaining popularity in 2009.
Brain said that, for places like museums, this is a new way to raise funds.
“The big advantage is that the museum can reach a much wider audience of potential donors,” Brain said.
However, Brain said that crowd funding has some potential pitfalls that anyone should be aware of before starting or donating to an Internet campaign.
Source & More on : http://www.technicianonline.com/news/article_c3e6b188-4050-11e3-86f2-0019bb30f31a.html

HEADLINE NEWS

ForbesThe Ultimate Pre-Launch Crowdfunding ChecklistForbesCrowdfunding is not limited to the platform where you launch your campaign. Instead, it has become a valuable way to transform your idea into a mainstream business. In order to head in that direction, you must execute a number [...]

The AustralianIgniteme heats up crowdfundingThe Australian“The only other comparable film that raised money through crowdfunding would be Crocodile Dundee, but not all funding came from the crowd.” Mr Morello said the idea behind the platform was relatively simple — giving new and bud [...]

DVS Gaming (registration) (blog)Crowdfunding: How Does it Help Indie Developers?DVS Gaming (registration) (blog)2012 is when crowdfunding really blew up, prior to 2012 the average amount of money devs would receive could range from 10k-100k. By today's standards, that's stil [...]

The MemoCrowdfunding has become a 'monster' argues its greatest criticThe MemoBrown has become a thorn in the side of this blossoming industry, even more so as it's clear his blog is now even read by regulators at the Financial Conduct Authority. The Memo sat down with [...]

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 [...]

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 [...]

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 [...]

Australian Brews NewsBrewery crowdfunding effective overall: PozibleAustralian Brews NewsEquity crowdfunding by breweries overseas has been effective overall, despite some high profile failures, according to Pozible. The largest reward-based crowdfunding platform in the Asia Pacific, [...]

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 [...]

Crowdfund InsiderIsraeli Crowdfunding Platform ExitValley Self Crowdfunds, Plans UK ExpansionCrowdfund InsiderThe digital platform to book parking anywhere raised $2 million – a portion of that, $270,000, reportedly came from ExitValley. To date the self-crowdfunding offer has raised [...]

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 |