Wednesday, July 8, 2015

The Basics of Crowdfunding

Collecting cash to support a cause is nothing new. Senior citizens have gathered in church halls, living rooms, community centers and at fundraising events to support causes.

Leaders in our community from business owners to non-profit organizations confirm that seniors are generous and have helped to make the Magic Valley stronger. Crowdfunding is just one more way to reach your giving goals and make a greater impact, with little money.

Crowdfunding takes place online. Someone posts a project and asks for monetary contributions. Anyone can contribute in small amounts, such as $10.00. The idea is to have a large number of people fund a project that no one person or organization can do alone. In exchange for your contribution at certain levels, you may receive a gift. It may be a thank you note, a t-shirt, or the product being funded.

Read more about the basics of Crowdfunding

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