Crowdfunding for Nonprofits: It’s Still Growing!
tnpadmin2017-08-12T13:02:29-04:00Nonprofits in search of more funds and a strong social media program should consider a crowdfunding campaign. Crowdfunding not only raises money but increases brand awareness. Devin D. Thorpe, author of Crowdfunding for Social Good, believes: “While crowdfunding does not constitute a complete development plan, no development plan is complete without crowdfunding.” A recent Crowdfunding Industry Report outlined how the crowdfunding track record: $1.5 billion raised in 2011, $2.7 billion in 2012, and $5.1 billion in 2013. The most recent data pins social causes as the most active category (30%), with the average successful campaign raising approximately [...]