Assignment # 1
Crowdfunding: the practice of obtaining needed funding (as for a new business) by soliciting contributions from a large number of people especially from the online community.” Merriam-Webster Dictionary
“This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the “platform”) that brings the parties together to launch the idea.” Crowdfunding: Transforming Customers into Investors through Innovative Service Platforms (PDF); Ordanini et al.; Journal of Service Management; 2011
Below are a number of crowdfunding platforms active in 2020. Visit some of them.
www.Plumfund.com (Links to an external site.)
www.Kickstarter.com (Links to an external site.)
www.Gofundme.com (Links to an external site.)
www.Indiegogo.com (Links to an external site.)
www.Causes.com (Links to an external site.)
www.Fundly.com (Links to an external site.)
www.DonorsChoose.org (Links to an external site.)
www.StartSomeGood.com (Links to an external site.)
www.Fundable.com (Links to an external site.)
www.Experiment.com (Links to an external site.)
www.Pozible.com (Links to an external site.)
www.GlobalGiving.org (Links to an external site.)
www.Kiva.org (Links to an external site.)
www.JustGiving.com (Links to an external site.)
For 3 platforms you visited, briefly describe how they differ from one another. (Include the name of the platform you are describing in your answer.)
For 1 of the 3 platforms above, answer the following questions.
1. Name of platform:
2. Are the featured projects professional or ‘personal’? Briefly describe.
3. Does the platform appear to appeal to a specific type of project or type of funder? If yes, who?
4. Does the platform charge a fee or keep some of the money raised? If yes, briefly describe.
From one or more of the Crowdfunding platforms you just described, analyze and compare two existing fundraising CAMPAIGNS using the questions below. These are not (just) yes/no questions!
Title of Fundraising Campaign 1:
Crowdfunding Platform for Fundraising Campaign 1:
Title of Fundraising Campaign 2:
Crowdfunding Platform for Fundraising Campaign 2:
1. Does each campaign thoroughly describe a compelling need for the project to be funded?
2. Do they provide tangible statistics to make the case for the need?
3. Do they present a project with clear goals and objectives?
4. Do they convince you that the project will have a tangible impact?
5. Is one campaign more successful than the other?
6. Would you send a donation to either campaign and why?
7. Make the case for which one is more compelling, credible, and successful.
Assignment # 2
A good way to establish a proposal’s framework is to answer the following four questions. There are no wrong answers. The process of answering these questions gets the ball rolling, gives us something to discuss, allows us to think about the feasibility of the proposal, confirms the “fit” and so forth.
Question 1 – The need you will address: (Housing for women and child/and or children completing inpatient drug treatment program)
Question 2 – What is the project/program you are proposing? Housing to address the needs of families not returning to NYC shelters. Providing affordable housing to stop the vicious cycle.
Question 3 – What organization are you writing on behalf of? (Reminder – Organization can be real or imagined. I imagined, then you are going to write a mission statement. If you choose to write on behalf of a real organization, then you use their actual mission statement. (Odyssey House inpatient Family Center program located in NYC).
Question 4 – Who are you asking for funding from? (Reminder – This funding entity must be real. And preferably be a foundation. (Need some assistance in this area)
Assignment # 3
Can you please watch the video and answer the questions provided. See attachment.
Unfortunately, I am unable to attach the video. The video is too large. Is their another way, I can forward the video.
This video is an excellent introduction to proposal writing and the components of the typical proposal.
It was produced by The Foundation Center (now known as Candid), an amazing proposal writing and non-profit support organization located in NYC (but global in reach). They are worth a google.
However, in the video, focus on the material about proposal writing, not on the specific info about Foundation Center web pages, etc.
Please answer the following 10 questions about the Intro to Proposal Writing video:
What are the 4 elements of the proposal writing process?
What is the number 1 reason a proposal is turned down?
How does the narrator’s discussion of “the why is just as important as the who” later in the video reinforce your answer to question 2?
Briefly describe what is meant by a master or base proposal. Why is it recommended an organization develop one of these?
What is a common grant application form? [We will look at a couple of these later in the course.]
Why is it important to remember “a grant is an investment of the funders resources”?
Briefly describe what the narrator means when she says it is important your facts & statistics fit the size and scale of your solution?
When thinking about goals & objectives – what does the acronym SMART stand for? [SMART also applies to logic models – which we will get to on Friday. Keep SMART in mind.]
What is the difference between the Executive Summary and the Conclusion?
List the 5 Key Takeaways. [Keep those in mind throughout the course.]
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