Quincy, MA (PRWEB) April 01, 2014
Crowdfunding is one of the latest and most successful trends in development circles, having grown remarkably fast in the past three years. Thanks in part to crowdfund giants like 'Kickstarter' and 'IndieGoGo', the industry came close to raising $3 billion for thousands of individual projects last year alone and shows no signs of slowing down.
But charities are left largely out of the crowd-fund equation, finding it difficult to use the online platforms to full effect. Why? Most crowdfund portals lack support options for larger organizations, instead focusing on ‘individual raises’ - think internet fundraising for independent films, cool prototypes or medical bills. The peer-to-peer support shown for these valuable causes is astounding, and nonprofits rightly want in.
Enter: My Funding Place, an upstart platform based in Quincy MA. The MyFundingPlace.com crowdfund portal is different: it is reserved exclusively for nonprofit use, and solves the problems charities have with lack of support for their campaigns. Unlike virtually every other platform on the web, MyFundingPlace support staff are in contact with campaign owners from sign-up to completion, offering guidance and tutorials while promoting raises with everything from custom press releases to large scale social media engagement.
Individual raises on other portals will often vie for the attention of viewers and potential donors, a surprising number of whom have had little engagement with the project prior to seeing it on a platform. "But nonprofit campaigns are different," says MFP rep Nathan Beck. "We recognize the strength of a nonprofit organizations community; most charities will have a solid core of dedicated supporters and those who value their cause. We want to help every charity turn groups of idle patrons into a resolute network of fundraisers and donors."
MyFundingPlace.com will rely on another unique innovation, its "Angel Community". Angels are development and service professionals from across the nation who join the MFP network to offer informal advice, information and services to nonprofit campaigns. This community is growing every day. Coupled with the "we're paid only if your campaign is a success" business model at My Funding Place, and charities are immediately relieved of any first-time campaign anxiety.
Crowdfunding is a proven method for individual fundraising, and the time is ripe for charities organizations to jump in. 2014 may very well be the defining year for crowdfunding, a year that could hit a milestone $10 BILLION raised on funding platforms worldwide. My Funding Place hopes to bring that success and definition to a primed and ready nonprofit world.