Health foundations exist to improve the wellbeing of the communities they serve. That’s why their grantmaking is often focused on local nonprofit organizations. And that’s great.
But did you know there’s a way for foundations to get their funding even closer to the ground, and encourage more community engagement in health initiatives—while helping to generate additional money for beneficial programs and projects?
All these things are possible when foundations leverage the benefits of community crowdfunding to boost the impact of their efforts and dollars.
Continue reading Funders! Matching crowdfunding campaigns gets your money closer to the ground
There is one question that every foundation and every local government partner asks us about crowdfunding, “What about accountability? How can you guarantee the group will actually do what they say?”
Of course you cannot guarantee anything. Just as in grantmaking or any other capital endeavor, there is risk. At ioby, we have spent a lot of time minimizing that risk, by building structure to ensure projects do what they promise and building policies around what would happen if someone didn’t deliver what they promised. We talk to every project leader on the phone, we review every project, and, if we have concerns about a project, we ask for others to vouch for it before it goes live.
And in 380 cases, no one has ever come close to taking advantage of the system – not once. For some reason, when people post their ideas on ioby, and get them funded online, they actually realize their ideas. And that goes for even the most “out there” ideas.
Read the rest of this blog in Erin’s guest piece “Trust, Accountability, and Your Neighbors” on Philanthrogeek.
We’re pleased to announce that ioby is a contributor to Philanthrogeek, the new blog dedicated to exploring all the new vehicles for giving, from crowdfunding to SOUPs. Experts from the Awesome Foundation, Pollination Project, and many many more are all joining in the conversation. ioby has kicked off the conversation around crowdfunding and foundation philanthropy with the case study from our Back to School match campaign funded by the Johnson Ohana Charitable Foundation.
To read the article–Crowdfunding + Foundation Philanthropy = Leveraged Community Engagement and Giving–in full, click here.