Crowdfunding

These Architects Are Fundraising to Build a Real-Life Lord of the Rings City
August 17, 2015 at 2:23 pm

Attention "Lord of the Rings" fans: Minas Tirith might be real—eventually. A self-professed “ambitious team of architects and structural engineers” has launched a crowdfunding campaign to raise the necessary funds to build the fictional city created by J.R.R. Tolkein and visualized by Peter Jackson in his cinematic version of "Lord of the Rings." The architects…

Crowdfunding Sites Transforming Arts Funding
August 11, 2015 at 2:21 pm

Crowdfunding websites, such as Kickstarter and Indiegogo, are transforming the way the arts in America are funded, enabling thousands of unknown artists and performers to finance stage productions, CDs and tours, The Washington Post reports. In 2014, Kickstarter helped raise $251 million—more than the grants budget for the National Endowments for the Arts—for projects pitched…

Smithsonian's Spacesuit Crowdfunding Campaign Hits $500,000 Goal in Single Week
July 30, 2015 at 12:39 pm

Houston, the Smithsonian has a problem—or at least it did. Its National Air and Space Museum wanted to display Neil Armstrong's Apollo 11 spacesuit in July 2019 to celebrate the 50th anniversary of the moon landing, but traditional fundraising methods had not proved adequate to support the project. In response, a museum complex founded in…

Smithsonian Adopts Crowdfunding to Save Neil Armstrong’s Spacesuit
July 22, 2015 at 12:34 pm

The world famous Smithsonian Institution has launched its first crowdfunding campaign in the hope that science fans will help preserve an iconic piece of space memorabilia. Neil Armstrong's Apollo 11 spacesuit has seen some wear and tear over the decades, however, for the moonwalk's 50th anniversary, the Smithsonian's National Air and Space museum wants to…

Infographic: Crowdfunding for Nonprofits
July 20, 2015 at 1:13 pm

Crowdfunding is relatively new—Indiegogo (2008), Kickstarter (2009) and GoFundMe (2010), three of the biggest platforms and key players in the crowdfunding boom, were founded in the last seven years. Sometimes, it takes awhile for nonprofits to embrace new technology, and longer still to start using it effectively. Not so with crowdfunding platforms...

Blockbuster Decision? Indy Video Rental Shop Gains Nonprofit Status
July 14, 2015 at 1:46 pm

While a handful of independently owned Blockbusters and other independent video shops remain in operation across the U.S., they feel more like museums than anything else. It's fitting, then, that Video Fan, a rental shop in Richmond, Va., has been granted nonprofit status.

GoFundMe Raised Its Donation Cap Thanks to Taylor Swift
July 13, 2015 at 1:28 pm

Taylor Swift has inspired crowdfunding site GoFundMe to raise its donation limit. The shift comes after Swift had tried to give $50,000 to Naomi Oakes, an 11-year old girl who is suffering from leukemia and uses Swift’s hit "Bad Blood" as her fight song. Because of the donation cap on the girl’s GoFundMe campaign, Swift…

Feds Take Action Against Crowdfunding Fraud
July 6, 2015 at 6:00 am

The Federal Trade Commission has landed hard on the Kickstarter crowdfunding platform. It may be just what the doctor ordered to protect people donating to odd and sundry products and companies pitched on Kickstarter, Indiegogo and others. In the world of crowdfunding, the mechanisms of consumer protection are pretty thin. While crowdfunding platforms assert a…

Somebody Launched a Crowdfunding Campaign for Greece's 1.6 Billion Euro Debt
July 1, 2015 at 7:00 am

Go big or go home, right? That seems to be the mantra at the Greek Bailout Fund page on crowdfunding site Indiegogo. The campaign, started by a 29-year-old Brit named Thom Feeney, popped up two days ago, seemingly as a good-natured (if tongue-in-cheek) way to lend a hand to Greece, which yesterday announced it was unable to make its scheduled 1.8-billion-euro International Monetary Fund loan payment. "All this dithering over Greece is getting boring," reads the campaign's mission statement.