There has been quite the buzz about the idea of crowdfunding but could crowdfunding be a consistent strategy for the nonprofit industry?
There has been a lot of recent discussion surrounding the idea of 'crowdfuding' in the nonprofit sector. Could crowdfunding be a consistent strategy for the nonprofit industry? Many will draw an association between crowdfunding and start-up companies, as the practice could be a way to quickly generate capital while raising awareness and building a following. The concern in the nonprofit industry is that crowdfunding provides a one time lump sum of money, and not a steady flow over time. Is crowdfunding a possible long term solution for nonprofits?