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Digital crowdfunding Alex Day, Director, theBigGive.org.uk

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Presentation on theme: "Digital crowdfunding Alex Day, Director, theBigGive.org.uk"— Presentation transcript:

1 Digital crowdfunding Alex Day, Director, theBigGive.org.uk
@Big Give /

2 What is “digital crowdfunding”?
Digital = online Crowdfunding = “It’s a simple idea: if many people contribute small amounts, even costly projects can happen.” (Nesta) Donations-based crowdfunding Rewards-based crowdfunding Equity-based crowdfunding Community shares Lending-based crowdfunding Lots of platforms available! Earliest example: Statue of Liberty plinth was paid for with public subscriptions in 1885 Explain top two models only Lots of platforms available - including the Big Give, one of many!

3 About the Big Give The Big Give’s mission is to provide a platform (theBigGive.org.uk) to promote causes and inspire people to give. We achieve our mission through: Online match funding campaigns. Showcasing charities and their projects. Providing services which help connect charities, their supporters and philanthropists. Explain the Big Give history Explain slide

4 Why match funding? Projects / Charities / Organisations Donors /
“The Crowd” Most crowdfunding platforms when being used by charities bring those two audiences on the right together. Different models of crowdfunding offer different relationship these two audiences

5 Why match funding? Charities Match funder Donors
Big Give introduce a third audience (match funders e.g. Trusts / Corporates / HNWI) and Big Give sit at the meeting place for all of these three. A formula that’s helped us raise over £82m for more than 2,800 charity projects since 2008

6 Available at: theBigGive.org.uk/match-funding

7 84% more likely to give if match offered. 1 in 3 give more.
Why match funding? Charities Average charity received £9,514 in match funding in our Summer Give 2016 campaign 96% charities report gaining new donors & 53% say current supporters gave more Match funder Donors Bringing these three entities together in a time-limited fundraising campaign is very powerful Explain the relationship between all three entities 84% more likely to give if match offered. 1 in 3 give more.

8 Our match funding campaigns
1. Applications 2. Match funding secured 3. Marketing 4. “Double Donations” Charities Charities Charities Charities Match funders Explain match funding process Overview of timelines Donors Donors

9 Our match funding campaigns
Summer Give Championed by the Childhood Trust Registered charities alleviating the effects of child poverty in London 2016 Average charity size = £880k income 2016 = 25 charities supported / £540k raised Christmas Challenge (our ‘flagship’ campaign) Multiple Champions Launches on #GivingTuesday Open to all registered charities income >£25,000 2016 = 332 charities / £7.3m raised “The Pledge” Match Fund Model Match fund doubles Online Donations Pledges + Champions Explain match funding model

10 Key lessons learned - as a funder
Match funding is an effective tool for supporting charities Time-limited / Themed campaigns focus attention Ensure there is “skin-in-the-game” for the charities supported and help them make the most of the opportunity Scale = momentum

11 Key lessons learned - as a fundraiser
“Doubling donations” very successful at mobilising support Make the most of your backers Set realistic targets - prove the concept and build on it

12 How you can get involved
Tell your constituents about our match funding campaigns - Summer Give / Christmas Challenge 2017 Setup your own fund in the Christmas Challenge 2017 A London’s Giving campaign ? Keep in touch with us! @BigGive /


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