Crowdfunding is the practice of sourcing small contributions from a large number of people to provide funding for a particular project or campaign, usually via the Internet.
CU Boulder Crowdfunding is an online fundraising tool created by the University of Colorado Boulder that allows individuals and organizations to create and share fundraising campaigns with an engaged community. The CU-Boulder Crowdfunding platform can empower the entire CU community to come together and create lasting impact on projects they may be interested in or care about.
Selected CU Boulder students, faculty, and staff have created separate fundraising campaigns for a particular project with a specific funding goal and project completion timeline. In some cases, a particular project may offer an intangible (non-monetary value) reward in exchange for support. Supporters can contribute to the project financially and are encouraged to share the project with their own community and social network.
Anyone! Contributions to projects can be made by any individual or organization inside or outside of the CU community.
The project teams work with the sponsoring department's budget coordinator to access money raised through a separate university spending account set up specifically for their project at the onset of the campaign.
Find the project page for the project that you would like to contribute to and click "support this project." You will be asked for a contribution amount and credit card information. You can also contribute by telling your friends and family about a project that you are interested in, or by spreading the word across your social networks.
CU Boulder Crowdfunding accepts credit card payments (Visa, MasterCard, American Express, and Discover). To donate via mailed check, please locate detailed instructions at the bottom of the campaign page of the project you wish to help fund.
Yes, there is a $1 minimum contribution amount required. There is no maximum amount and you can also make multiple contributions to multiple projects.
Immediately upon making the donation.
Yes, your contribution is a donation gift made to the CU Foundation and is tax deductible as allowed by law. You will receive a tax-deductible receipt for the entire amount of your donation. Funds contributed are then transferred from the CU Foundation to the University for use by the specified project.
No, CU Boulder Crowdfunding does not store any payment or credit card information.
Unless you choose to give anonymously, your name will be displayed as part of the campaign's community of supporters. However, your contribution amount will not be publically displayed.
Yes, you will be able to indicate when making your contribution payment that you would like to remain anonymous.
Projects will receive their funds once their campaign has ended (typical 30-45 days from the launch date of the campaign).
Yes, please do! You can share the campaign directly using the "Share This Campaign" feature at the top of the campaign page. There is also a button on the CU Boulder Crowdfunding site thank you page that you will see after a contribution is given that will allow donors to share their contribution with their own social networks.
Currently, CU Boulder Crowdfunding is only allowing for non-tangible rewards to be given and only from certain selected projects. These non-tangible rewards are defined as rewards that don't have any monetary value except for the costs of the materials such as cards, blank CDs, poster boards, paper, etc. Rewards offered vary for each project.
100% of the funds raised will be used by the project to which you have contributed for the project tasks and related expenses. Each project has a detailed budget breakdown and a section on “use of funds” in their project description pages on the CU Boulder Crowdfunding website.
100% of your contribution will go only to the project (or projects) you have designated. Each project has a separate account set-up by University accounting which will be monitored by an assigned university staff and/or faculty sponsor for each project.
You can always check back on the project page to look at the funding progress. You can also sign up for updates or follow the project's social media pages for updates. You will receive an e-mail when the project fundraising time has expired regardless of the success of the project.
Each of the project teams has identified a set of baseline project tasks and goals in addition to a set of “stretch goals”. Should a project be fortunate enough to exceed its funding goal, the additional funds will be utilized to help the team reach the project stretch goals as identified in their project description pages on the CU Boulder Crowdfunding website. Designation of unspent funds is listed on each campaign page as well.
No, we believe that projects should be able to keep the funds that are raised even if the total funding goal may not have been reached. We expect each of the project teams will make some progress in achieving their project goals even if they may not have been fully funded.
Absolutely! You can submit questions and feedback through the CU Boulder Crowdfunding website using the "Contact" or "Feedback" forms.
Supporters who have contributed to a project will receive e-mails whenever the project creator creates an update and when the project funding period ends.