News 2016

News 2016: (UK) Arts Professional Article on Crowdfunding and Tips: "Collaborating with the crowds" (by Peter Baeck and Sam Mitchell, 08 Dec 2016)

Contributed by admin on Dec 16, 2016

"Over the past five years crowdfunding has grown into a vital source of finance for community groups, artists and creatives. In the US, Kickstarter famously helped raise more funds for the arts than the National Endowment for the Arts. In the UK crowdfunding for the arts has also grown rapidly, with models such as rewards-based crowdfunding – the model most popular with artists and creatives – facilitating £42m worth of donations in 2015, a growth of more than 60% from £26m in 2014. ...

A study by the Pew Research Centre sheds more light on the types of people that donate to crowdfunding projects in the US. Typically, donors have contributed to a small number of crowdfunding projects (five or fewer) and only a very small minority have contributed to over ten projects. Only 21% of people that give to rewards-based crowdfunding campaigns would have given the money to other charitable causes

In the UK, crowdfunding is ..."

Visit the Arts Professional website to read the full article.