Education Crowdfunding: Why And How?
By: Taqdees & Chiara
Published On: December 16, 2020
Why Education Crowdfunding
Indian constitution provides the right to education for children between 6 to 14 years of age. Despite being a basic right, it has become a luxury, only about 32 children out of every 100 are able to complete the necessary schooling. Many circumstances prevent a child from completing education, for instance, Lack of resources, lack of sanitation, quality of education, etc
Crowdfunding is an easy way of fundraising where you can raise money online. Education crowdfunding can be used by an individual to raise funds for his school or college fee. A fundraiser can also be started for a non-profit institution to increase the quality of their education with funds required.
Crowdfunding can be utilized for education in many ways;
Education Crowdfunding For An Institute
The main challenge of an educational institute is to meet its capital goal without increasing costs for the students. Education crowdfunding can be a great option for non-profit institutes to raise funds and the necessary standard of education required.
Institutes can involve their alumni and existing students to run the campaign for their education fundraiser. It will keep the students and the donors connected.
Project Or Research Education Crowdfunding
Research can be expensive and more often schools do not cover the cost of research or project-based extracurricular study. Education crowdfunding can be an effective and easy way to raise funds for your academic passion.
You can start a fundraiser at ImpactGuru at a 0-cost platform fee in less than 5 minutes. Here some useful fundraiser tips.
Individual Education Crowdfunding
The Covid-19 pandemic has hit us all this year. Many people have lost their job and means of income, with a huge financial crunch it is becoming difficult for many parents to pay for children’s fee.
Education crowdfunding can be really helpful to raise funds for a student’s fee. You can start a fundraiser for yourself or for someone you know in need of education funds. It is an easy way to help the community grow.
How Can You Raise Funds For Education?
There are many ways to raise money for education crowdfunding. Some of the important points are:
Frame Your Idea
Tell them why you need the funds, how much you need, how will you use them, and in what way kids will benefit from it. Build a story for your fundraiser and connect with your audience.
Share and Involve your students
The fundraiser does not end by just creating a campaign. You need to share it across social media platforms to gain visibility. It can be a great strategy to involve funds and use their help and mind to broaden the fundraiser’s reach. This will help students have an extracurricular activity and also give them a sense of entrepreneurship.
ImpactGuru strongly believes in the power of education fundraising and shares the ideology of education being a fundamental right of every child rather than a privilege.
Learn the basics of crowdfunding, here are 5 terms you should understand before crowdfunding.