![Page 1: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/1.jpg)
Civic Crowdfunding and community assets
Rodrigo DaviesMIT Center for Civic Media
![Page 2: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/2.jpg)
Researcher, MIT Center for Civic MediaInnovation Fellow, Mayor’s Office of Civic Innovation, SFM.S. Candidate, Comparative Media Studies
Rodrigo Davies
Policy and business development advisor, SpacehiveTechnical Consultant, UNDPCo-founder (digital), Conde Nast IndiaProject manager, Mayor’s Office of New Urban Mechanics, Boston
![Page 3: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/3.jpg)
What is civic crowdfunding?Where does it come from?
How are people using it now?What are the opportunities and risks?What do we know about success?
What role can civic organizations play?
![Page 4: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/4.jpg)
What is civic crowdfunding?
![Page 5: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/5.jpg)
Crowdfunding platformKickstarter, Indiegogo, IOBY, Spacehive
What is civic crowdfunding?
Community groups
Local business
Individuals
Foundations
Corporates
Government
Campaign manager
Community service
![Page 6: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/6.jpg)
What is civic crowdfunding?
Diverse range of sponsors
Pledges, not donations
Urgency and short time frame
Symbolic ownership
Rewards
![Page 7: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/7.jpg)
Where does it come from?
![Page 8: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/8.jpg)
Where does civic crowdfunding come from?
March-August 1885
Raised $100,000
120,000 donors
Central collection point
Daily accounting of donations
Populist rhetoric
![Page 9: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/9.jpg)
How are people using it now?
![Page 10: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/10.jpg)
How are people using civic crowdfunding?
To fill funding gaps: Glyn Coch
New activity center for aforgotten community
Raised £40,000 of £792k($1.2M) project
107 funders, includinggovernment, Tesco, Moondance Foundation
National press coverage,international donor base
Community-managed
![Page 11: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/11.jpg)
How are people using civic crowdfunding?
To build services: Kansas City
Raised $419,000 of $700,000 capital campaign
Launched July 3rd
1200 people, 4000 trips, 12,000+ miles
Multi-million dollar schemes in other cities
![Page 12: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/12.jpg)
How are people using civic crowdfunding?
To unlock PPP: New York
Using the DOT’s Plaza program for public spaces
Two-year lease and contract
Match-funding from DOT
Chance to build new community bonds
IOBY recruiting projects from underserved areas
![Page 13: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/13.jpg)
What are the opportunities and risks?
![Page 14: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/14.jpg)
What are the opportunities and risks?
Build on existing community supportMore, faster, cheaper (smaller)
Create a community around projectsReach a new audience
How can we ensure fairness?Does it favor better-off communities?Sustainability needs to be baked in
Transparency and fulfillment
![Page 15: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/15.jpg)
What do we know about success?
![Page 16: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/16.jpg)
What makes crowdfunding successful?
Pre-built support
Momentum and contagion
A clear, simple ask
Endorsement and trust
Exposure and attention
![Page 17: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/17.jpg)
What role can civic organizations play?
![Page 18: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/18.jpg)
Civic crowdfunding for civic organizations
Promoter Curator
Facilitator Owner
![Page 19: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/19.jpg)
Where do we start?
![Page 20: Civic Crowdfunding and community assets · 2013-07-25 · How are people using civic crowdfunding? o fill funding gaps: Glyn Coch New activity center for a forgotten community Raised](https://reader033.vdocuments.net/reader033/viewer/2022060208/5f0428a77e708231d40c9a0b/html5/thumbnails/20.jpg)
Where do we start with crowdfunding?
Start with your community
Stand on the shoulders of fundraising
A new tool, but not for long