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Posts Tagged ‘crowdrise’

What will Crowdfunding Look Like in 2014? The Skoll Social Entrepreneurs Challenge Raises the Bar

January 2, 2014 by
 
 

In recent years, crowdfunding models of the type that support a new product—like a prototype for a cool new watch, or a friend’s idea for a new genre of art, or an important cause, like a marathon runner’s mission to run in honor of a family member or friend—have swept the social change landscape.

With the successful close of the Skoll Social Entrepreneurs Challenge, we saw crowdfunding embracing the age of the social entrepreneur. The Challenge raised $2.4 million—double the amount of any other Skoll Foundation crowdfunding campaign. Of the organizations participating, an average of $37,804 was raised. That’s more than three times the average raised by a charity participating in a CrowdRise Challenge.

Skoll Social Entrepreneurs Challenge organizations are recipients of the “Skoll Award for Social Entrepreneurship.” Working on the frontlines, social entrepreneurs fight disease, poverty, and injustice with their innovative approaches, proving that: health care, education, and basic needs can be delivered efficiently and equitably; that sustainability trumps depletion; and that large-scale impact is possible. Learn more about the winners here.

Embracing unique incentive structures, social media tools, and e-marketing strategies mimicking the most successful online retailers, CrowdRise Challenges like these have seen phenomenal leverage in turning seed money into an impact many times greater than even the best dollar-for-dollar matching campaigns. Skoll’s $250,000 prize money was leveraged 9:1 in the latest Challenge. Leverage and scale is not only important for enacting a socially disruptive idea, it’s also a growing way to drive financial support for those ideas. read more

 

How Skoll Awardees are Using Crowdfunding for Fundraising Success

August 8, 2013 by
 
 

We’re noticing an increasing number Skoll Awardees using crowdfunding for specific projects, and wanted to share more details in case you’re contemplating doing the same.

In June, Landesa launched its first crowd-funding effort with Catapult.org. In this pilot effort, they featured their legal aid project in Andra Pradesh, with a goal of raising $10,000 to train and support 30 paralegals in the program. Those paralegals can, in a given year, help 1,000 families gain clear title to the land upon which they rely.

Landesa successfully raised the $10,000 needed.

In July, Search for Common Ground raised a little more than their $10,000 goal to launch a TV web series of their signature show, “The Team,” in America. See their Kickstarter promotional video, above.

“Although crowdfunding seems to be everywhere now, nonprofits were actually some of its earliest adopters,” writes Scot Chisholm, CEO & CoFounder, StayClassy (a crowdfunding site). “In the early days, nonprofits tied crowdfunding to their offline events, like runs, walks and rides.”

We at the Skoll Foundation partnered with the Huffington Post and CrowdRise, a crowdfunding site, on two campaigns and plan on doing one more. The first, called JobRaising, was geared toward creating jobs for America and raised $1,469,116 in donations to organizations who help support jobs.  82 percent of  those donations were less than $100.

Announced in March 2013, JVS Los Angeles (which provides job training, mentoring, expert career coaching, job placement and retention support) beat the field with $254,100 raised and received an additional $150,000 from The Skoll Foundation.    read more

 
 

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