Funding4Learning
 | |
Type of site | Crowdfunding |
|---|---|
| Available in | English |
| URL | http://www.funding4learning.com |
| Commercial | Yes |
| Launched | May 2011 |
Funding4Learning is a "human capital oriented"[1] crowd funding platform for educational projects. Funding4Learning provides its users with fundraising tools for study, volunteering, as well as a diverse array of education related initiatives.
Concept
[edit]Funding4Learning, as other "crowdfunding dubbed"[2] platforms, allows users to create a fundraising page for their funding initiative, offer "rewards" in accordance with different levels of contributions, and start a social media-based publicity and word of mouth effort.[3]
Unlike similar sites such as Kickstarter or Indiegogo, Funding4Learning is a specialized[4] crowdfunding site that dedicates entirely to education related projects.
Funding4Learning uses PayPal as their main provider for all the fundraising payment's processing and transaction services.
Model
[edit]Funding4Learning works with an "all or nothing" approach, which means that the collected funds are disbursed only if the fundraising campaign is successful. However, a contributor is allowed to make a "direct contribution", which is guaranteed to be paid whether or not the campaign is successful. Funding4Learning charges 5% of funds disbursed from a successful campaign, and 5% of all direct contributions.[5]
While there is no guarantee that users that post campaigns on Funding4Learning will undertake the educational program presented on their campaigns or deliver on their promise of a reward, Funding4Learning asks its users to post their resumes on their campaign website and advises donors to use their own judgment when supporting a campaign.[6]
See also
[edit]References
[edit]- ^ "Crowd funding as an alternative source for education funding. Leveraging the world's human capital", TED, accessed June 03, 2011. Archived June 14, 2011, at the Wayback Machine
- ^ Villano, Matt (March 14, 2010). "Small Donations in Large Numbers, With Online Help". The New York Times.
- ^ "‘Crowdfunding’: a classic strategy with a social media twist", Smartplanet
- ^ "My predictions for 2011 crowdsourcing trends", Crowdbuzzing
- ^ Funding4Learning FAQ
- ^ "Terms of use", Funding4Learning
