Breaking new ground : combining crowdfunding and foundation grants

Kehl, Konstantin; Sundermann, Larissa M.

doi:10.1332/204080521X16457813668643

Publication type:	Article in scientific journal
Type of review:	Peer review (publication)
Title:	Breaking new ground : combining crowdfunding and foundation grants
Authors:	Kehl, Konstantin Sundermann, Larissa M.
et. al:	No
DOI:	10.1332/204080521X16457813668643
Published in:	Voluntary Sector Review
Issue Date:	2022
Publisher / Ed. Institution:	Policy Press
ISSN:	2040-8056 2040-8064
Language:	English
Subjects:	Crowdfunding; Foundation grant; Donation; Perceived benefit; Non-monetary support
Subject (DDC):	361.763: Nonprofit organization
Abstract:	New projects by non-profit organisations and civil society initiatives face the challenge of obtaining financial support in the start-up phase. In recent years, crowdfunding has been cited as one of the solutions to this problem. However, this type of funding is associated with a high level of effort and expertise that many projects cannot afford, and trust issues on the part of donors. Foundations can remedy this by organising a crowdfunding competition and, in addition to the financial benefits, using their reputation to build trust, create public visibility and provide intangible support to projects in terms of capacity building, networking and professionalisation. Based on a companion study to a model introduced by a German foundation, this article explores the benefits that non-profit projects derive from an approach combining crowdfunding and foundation grants. It finds that during a crowdfunding competition the perceived relevance of non-monetary support increases at the expense of financial benefits. However, there is evidence that this change in perception occurs regardless of whether the foundation provides a lot or only a moderate amount of non-monetary support.
URI:	https://digitalcollection.zhaw.ch/handle/11475/26555
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	Social Work
Organisational Unit:	Institute of Management and Social Policy (ISM)
Published as part of the ZHAW project:	Deutscher Integrationspreis: Begleitung und Kurz-Evaluation
Appears in collections:	Publikationen Soziale Arbeit

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Kehl, K., & Sundermann, L. M. (2022). Breaking new ground : combining crowdfunding and foundation grants. Voluntary Sector Review. https://doi.org/10.1332/204080521X16457813668643

Kehl, K. and Sundermann, L.M. (2022) ‘Breaking new ground : combining crowdfunding and foundation grants’, Voluntary Sector Review [Preprint]. Available at: https://doi.org/10.1332/204080521X16457813668643.

K. Kehl and L. M. Sundermann, “Breaking new ground : combining crowdfunding and foundation grants,” Voluntary Sector Review, 2022, doi: 10.1332/204080521X16457813668643.

KEHL, Konstantin und Larissa M. SUNDERMANN, 2022. Breaking new ground : combining crowdfunding and foundation grants. Voluntary Sector Review. 2022. DOI 10.1332/204080521X16457813668643

Kehl, Konstantin, and Larissa M. Sundermann. 2022. “Breaking New Ground : Combining Crowdfunding and Foundation Grants.” Voluntary Sector Review. https://doi.org/10.1332/204080521X16457813668643.

Kehl, Konstantin, and Larissa M. Sundermann. “Breaking New Ground : Combining Crowdfunding and Foundation Grants.” Voluntary Sector Review, 2022, https://doi.org/10.1332/204080521X16457813668643.