Crowdfunding.

What is crowdfunding?

With crowdfunding a group of people make a concrete and doable project financially possible. It can be about many things. It is important that the goal is clear, doable and urgent, and that it has a personal element. Crowdfunding is not about funding by banks or governments, but about making concrete projects possible by the public. The crowd or public decides which projects, initiatives, goals, or ideals are worth funding. This crowd can be many parties and individuals. For schools these are usually people in the school’s network, others involved with the school, and companies in the area.

Crowdfunding raises money once and is done as donations. Money is given without expecting financial profit. Schools do this to buy musical instruments, put solar panels on the roof, or to offer a resuscitation course.

How does crowdfunding work?

The idea is simple. A project starter presents their idea on a crowdfunding platform. Then interested people from their own network, local area, and other stakeholders give money and share it in their network.

This works well because it feels good to make something possible and to see that your help reaches a clear goal or makes a dream come true.

In education

Crowdfunding at school must meet some legal rules. First, it needs agreement from the school participation council. The policy must also be in the school plan and school guide. It must also be clear to parents that they can file a complaint about crowdfunding through the school’s complaint procedure.