October 30, 2012 > New portal provides crowdfunding for community projects
New portal provides crowdfunding for community projects
Submitted By Nancy Sain
FundaGeek is pleased to announce the launch of our new Community Support Portal site: www.fundageek.com/community . The portal is designed to address a broad array of fund raising projects with a focus on helping whole communities, specific groups within communities, as well as individuals living in communities. The FundaGeek crowdfunding platform can be used as a resource to help push forward important projects involving community organizing, activism, mobilizing, advocacy, legal action, development and much more.
FundaGeek has designed unique funding portals for technology, scientific research, inventions, education - and now community support. In the past several years, crowdfunding has seen tremendous interest from creative people in the arts, music and film, but now with FundaGeek, community support projects can be funded using crowdfunding techniques.
FundaGeek's CEO and Co-Founder Daniel D. Gutierrez says, "Community support is an expansive area that often involves projects on very tight budgets. With crowdfunding, vital community projects can keep moving forward. It is often quite challenging for community projects to get well-deserved funding. With FundaGeek, we hope to make a difference."
Crowdfunding is a funding mechanism utilizing the power of crowds through social media. In the last few years over a billion dollars have been raised through crowdfunding campaigns around the world. Our Community Support portal provides the vehicle through which individuals and communities can build a project at no cost and promote it through social media over the Internet. With crowdfunding, needed funds are raised by offering "Rewards" in exchange for "Pledges." As an example, think of NPR or PBS pledge drives where a large number of donors pledge small amounts in return for simple rewards. Donors can opt for no reward so that all the funds go to the project.
One of the significant benefits of crowdfunding is that it costs nothing to try. As a byproduct of a crowdfunding campaign, there is a huge benefit of expanded, positive, public awareness for your organization or specific project being promoting. Unlike most crowdfunding sites that use the "all or nothing" funding model where funding is provided only if the goal amount is met, FundaGeek is different. Projects receive whatever funding they have attracted by the end of the campaign. We encourage the project owner to resubmit the project for a continued and on-going source of funding. There are no up-front fees to use FundaGeek.