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Theme 6 — Public fundraising can also raise awareness and social capital<br />
Securing donations and raising money through events and services can also raise awareness of assets by serving<br />
as a reminder to donors and grant-makers of what is (or could be) available to them. Fundraising events also<br />
often involve bringing people into the asset so they get to see what the offer is. Such events keep assets in peoples’<br />
minds between the (much less frequent) votes on special taxes to support assets.<br />
The amounts raised also serve as a (crude) barometer of the asset’s popularity. Whilst the wider state of the<br />
economy and peoples’ personal wealth/circumstances will invariably affect donations, a medium-to-long-term<br />
view of an asset’s fundraising success can give some indication of the value that local residents place on it.<br />
Success should prove attractive to other funders. In the same way, increased awareness should serve as a form<br />
of governance for assets — the more people that are giving to assets and visiting them, the greater should be the<br />
interest in how they are managed.<br />
Fundraising also strengthens the local social fabric of a community or city. Fundraising events, such as discos<br />
and fairs, can be key dates in local calendars. Some organizations, usually smaller ones, call them “fun-raisers”<br />
where the “enjoyment to fundraising ratio” is especially high. The act of fundraising more generally creates/<br />
reinforces networks and/or friendships. In Detroit, for example, a foundation-funded Citizen Philanthropy<br />
program is drawing on and creating social ties to raise funds. A local committee identifies social enterprises and<br />
other worthy projects (which can include assets), and these selected projects are championed by interested locals<br />
who give their own money and tap into their networks of friends, often via social media. The locals are usually<br />
professionals and creative people of modest means, not traditional (i.e. millionaire) philanthropists.<br />
Those who donate to assets are often included in networks, which have various events to thank them. A good<br />
example of such a network is the Friends of the St. Paul Library’s Loyalty Circle for those who have given for ten<br />
years or more. Membership brings recognition and invitations to various events throughout the year.<br />
Theme 7 — Technology is increasingly important to accessing potential donors<br />
Crowd-resourcing sites are increasingly used to fund assets with smaller non-profits being the ones organizing<br />
the campaigns. Sites being used include Kickstarter, Indie GoGo, and Razoo. More generally, the United States<br />
also now has Citizenvestor and Neighbor.ly, crowd-resourcing sites that attempt to co-/fund local government<br />
projects. The danger with online giving is that it can be done at the touch of a computer mouse whereupon the<br />
donor forgets about the cause. The key is to try and convert this interest into sustained engagement.<br />
Such online platforms are complements to taxation rather than alternatives to it. Whilst they may never be the<br />
main way to levy funding for assets, online platforms can bring in enough resources for specific purchases for<br />
use in/on an asset. For example, the non-profit Baltimore Green Map organization has crowd-resourced the<br />
$9,500 needed to produce several thousand copies of the Druid Hill Park Passport, a child-friendly booklet<br />
highlighting features of interest in one of the city’s public parks.<br />
A key aspect of crowd-resourcing sites is the short promotional videos that fund-raisers produce to persuade<br />
donors. These videos are often good at engaging Internet and smartphone users. Links to such videos can be<br />
easily distributed via Facebook, email, and Twitter. The videos can also be used for awareness-raising more<br />
generally. Asset support groups may well need to seek help with the making and editing of such videos.<br />
Summaries | 14