Kati Stanford, one of our gallery artists for June and July, has turned to crowd-funding in order to help off-set her costs while pursuing a Masters at University of Denver for Alternative Dispute Resolution. Stanford was recently featured in a piece by Denver's Channel 7 News showcasing her efforts and how other students are looking at outside-the-box ideas in order to pay for the increasing cost of college and also to help avoid graduating with a overwhelming heap of debt.
"I was feeling so discouraged. I didn't feel like I could cover the cost of even my first quarter of grad school," Standford said.
Financial aid and scholarships didn't seem like they would pay for school.
"I remember I was sitting in a coffee shop and I was working on all of these scholarships and I was just feeling so frustrated," Stanford said. "I though, why not. Why not do this?"
Other artists are turning to crowdfunding in order to gather the necessary amount of money to pull-off large projects that would be too expensive to self-fund. Crowdfunding platforms represent a major shift in the way art projects seek support and find success. Since its founding in 2009, Kickstarter has raised more than $1.5 billion for over 80,000 art projects and has opened doors and lifted curtains for many projects that couldn’t or wouldn’t otherwise have gotten off the ground and onto the stage. In fact, Kickstarter now raises more money for artistic projects each year than the National Endowment for the Arts (NEA), a government-run agency established in 1966, which also funds artistic endeavors, albeit through very different means. Where the NEA has a nearly fifty-year history of art market-making, with vetted mechanisms for ensuring artistic quality and value, Kickstarter offers almost the opposite— it makes funding more into a matter of marketing savvy and mouse clicks.
Kickstarter campaigns are restricted to projects that meet their guidelines, while IndieGoGo is much more open and requires no review period or approval for posting a campaign. In the words of IndieGoGo co-founder Slava Rubin, “anyone with passion can raise money for their campaigns.” So, if you’re more interested in funding a small business than funding a discreet project with a clear start and end, Indiegogo is a better pick for you.
Here are a few more crowdfunding resources to help you get started -
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