Is your school struggling with funding? What can you do to subsidize school revenue? If you are having troubles with receiving funding for school activities, equipment, trips, etc, there may be a method to gain the funding needed.
Crowdfunding could serve as a solution for gaining additional revenue to the school for particular projects. Schools are now starting to adopt this concept as a new form of funding. One could easily afford to purchase items from the dollar store, but when it comes to buying a new set of soccer balls for the school or sending volunteer students to a foreign country, there needs to be additional funding. There are different approaches however that schools are taking when using the Crowdfunding method. Below are the different ways that your school can utilize Crowdfunding:
Owning a Crowdfunding platform
Running a platform on its own or on a school website would be ideal for those looking to host multiple campaigns. If there are multiple teachers or students that are funding for school trips, or clubs, this could be a great solution. When using a white label Crowdfunding platform like Thrinacia Atlas, schools can easily host a Crowdfunding platform even on the School website. Teachers can direct parents and organizations to the campaigns page which displays all of the campaigns. Users can easily donate using a credit card knowing that it is completely safe as the payment gateway used on the platform is Stripe. In addition, the Atlas platform gives the site administrator the capability to set a transaction fee on each donation to the campaigns. Besides Running the Atlas platform either on its own or on the school website, one can use single campaigns.
Running a campaign
For schools that couldn’t afford to run a Crowdfunding platform, or just don’t have the use for more than a couple Crowdfunding campaigns than running individual campaigns could be the right solution. First, find the right platform to host the campaign. A suggestion for schools that would like to display each individual campaign on the school site could use the Reach Crowdfunding platform. Reach provides widget code which can be copied and pasted on to any site that allows HTML editing. Aside from using the reach platform, there are other platforms available that specialize in educational Crowdfunding campaigns.
Examples of Crowdfunding for schools
One platform that runs school Crowdfunding campaigns is called MyClassNeeds. This school oriented Crowdfunding platform has raised over 2 million dollars. MyClassNeeds receives donations from students, teachers, parents and even corporations. Schools that are using this form of funding are finding success. The process of the campaign is simple, the faculty member creates a proposal, once the proposal is approved, the campaign gets created and added to the platform.
For more Crowdfunding information, check out Thrinacia’s blog. Also, learn why your school should own a Crowdfunding platform.