Friday, February 20, 2015

Crowdfunding and philanthropy

A community foundation friend just asked me what's up with crowdfunding? New wine in old bottles or new money? Here's what I said:

"Crowdfunding is here to stay in some form.  I think it's "gateway giving" for folks who live entirely online (now including everyone), will bring in new small dollars that add up, tools for it need to be built natively for mobile devices, and *might* make regular small giving a behavior again for people the way tithing used to be, but won't involve the organizational loyalty of tithing nor will it always be directed to nonprofits."
What's your two cents on crowdfunding and philanthropy?

The Stanford PACS Digital Civil Society Lab is hosting a charrette on civic crowdfunding in May. We're trying to understand where and how crowdfunding tools fit into the overall landscape of private resources for public benefit. Will have more to post here and at the Lab's site.

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