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Figure 3.20: A Detroit4Detroit webpage, here seeking support for work by a Detroit public artist<br />
Screenshot showing a campaign to raise money for public art (mood swings) for the non-profit Public Art Workz led by leading Detroit public artist Chazz<br />
Miller.<br />
(source: author screenshot of the former site)<br />
Online Crowd-Resourcing<br />
Crowd-resourcing is the online effort to meet a certain target through securing online donations from a<br />
substantial number of people. 76 Raising donations online is not simply easier than other methods, it is also<br />
cheaper. Raising $1.00 online costs 7 cents, as opposed to 20 cents for grant writing to corporations and<br />
foundations (also the national average for all fundraising methods) or up to $1.25 to acquire new donors through<br />
direct mail. 77<br />
Crowd-resourcing sites have some common features:<br />
• Most offer projects a fundraising page, which includes the funding goal, space for a short (two or three<br />
minute) video explaining the venture (that the projects must produce themselves), and the deadline<br />
(typically a few months).<br />
• Sites also typically offer some form of acknowledgement or reward to givers. For example, if someone is<br />
funding a book, they will be offered a copy as a thank-you.<br />
76<br />
It is often confused/conflated with crowd-funding which is instead about raising investment.<br />
77<br />
Other costs include Capital Campaign/Major Gifts (50 cents per dollar); Direct Mail Renewal (20 cents); Planned Giving (25 cents — and a wait!); and Benefit/Special<br />
Events (50 cents). All from Greenfield, J. (1999), Fund-Raising: Evaluating and Managing the Fund Development Process, Wiley, New Jersey).<br />
Raising Money | 110