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Crowdfunding

Crowdfunding with Funderbolt

Welcome to the new age of fundraising with Funderbolt. Crowdfunding raises different amounts of money from a large number of people your network can reach via web, email, and social media platforms. Wilson Commons Student Activities also helps expands your network to the University of Rochester community. This platform was specifically designed for the funding needs of student organizations.

See our current crowdfunding campaigns in action.

Choosing to crowdfund will benefit your donors by making their gift tax deductible, to the extent of the law, and they will be thanked by you as well as the University of Rochester. There are also a number of benefits student organizations receive below are a few of the benefits for choosing crowdfunding as well as the expectations and requirements.

Benefits:

  • You get a crowdfunding campaign consultant from Funderbolt to support you and your team
  • Learn best practices and get weekly tips to expand your reach
  • Reach a much broader audience than tabling in Wilson Commons
  • Pay no upfront costs
  • Learn philanthropic and stewardship practices
  • Funderbolt is approved and supported by Advancement and Alumni Relations, whereas other platforms are discouraged

Expectations and Requirementa:

  • Student organization campaigns must have an account through the Students’ Associations Appropriation Committee (SAAC)
    • If they do not they can apply to have an account through SAAC
  • Student organization campaigns should have goals to develop or  expand their mission
  • Student organization campaigns have a 4% service fee (this is subsidized from a 9.9% service fee)
  • All campaigns which have a goal of more than $40,000 will need to meet with the Crowdfunding Director to review their application
  • All campaigns may petition to receive 100% of their campaign donations by filling out the “Crowdfunding Service Fee Petition Application
  • Student organization or student initiative campaigns who fundraise for a charitable organization outside of the University of Rochester will have the 9.9% service fee apply to their campaign
    • An example fundraising for the Red Cross because of a national disaster
    • Community Service Organizations raising money for their local charitable organization may submit a “Crowdfunding Service Fee Petition Application” in order to reduce or eliminate the 9.9% service fee

Apply for a crowdfunding campaign page HERE. 

The services provided by Funderbolt meet the standards of the University of Rochester. The University highly recommends all online fundraising go through Funderbolt. Using another platform is discouraged because:

  • On average other platforms charge your donors a percentage
  • Other platforms charge a 7% or higher service fee
  • Proper accounting and donor stewardship is not recorded