IBJNews

Arts council launches local crowdfunding service

Back to TopCommentsE-mailPrintBookmark and Share

The Arts Council of Indianapolis on Wednesday unveiled a a new program to help central Indiana not-for-profit arts, cultural and humanities organizations raise funds for individual projects. 

Power2give, an online fundraising tool similar to “crowdfunding” websites such as Kickstarter and DonorsChoose.org, is being launched in Indianapolis with more than 60 not-for-profits taking part. Those groups will each be trying to raise a maximum of $10,000 within 90 days for 63 specific projects.

Indianapolis will be the 11th city to offer the Power2give service. The platform was developed and launched by the Arts and Science Council of Charlotte in 2011 and has raised more than $1 million nationwide for the arts.

Chase Bank and the Lilly Endowment Inc. are helping to support the program.

Money donated to Indianapolis groups on the website will go to the local arts council, which will then send 88 cents on every dollar directly to the selected projects.

Of the remaining 12 cents, 3 cents covers credit card fees. 3.75 cents pays for website maintenance and updates, and 5.25 cents is an administrative fee for the arts council, which will use its grant-services staff to manage the program, said Dave Lawrence, the council’s president and CEO.

Rather than donating to organizations’ general funds, contributions through Power2give.org are directed at specific needs.

For example, Lawrence said, the American Pianists Association wants to send a performer to a local high school, and Conner Prairie Interactive Historical Park wants to build fences for a cow pasture.

The JPMorgan Chase Foundation is matching grants dollar-for-dollar on 13 of the projects unveiled Wednesday.

Donors can select Indianapolis from a drop-down menu on the national website’s home page to find local groups or go directly to www.indyarts.org/power2give.

Lawrence said the crowdfunding website should help not-for-profits tap a new source of donors.

The Charlotte arts counci said 46 percent of Power2give’s donors were first-timers in the website’s first year.

The key market is people 30 and younger. More than 70 percent of that demographic does its giving online, Lawrence said.

Indiana Secretary of State Connie Lawson issued an advisory in July warning that many crowdfunding websites operate illegally and the Securities and Exchange Commission has yet to set up rules for them.

Lawson spokeswoman Valerie Kroeger said that the problems usually are found at businesses that are trying to exchange ownership shares.

Power2give, however, deals strictly with the not-for-profit community. Any organization with 501(c)3 status is allowed to collect donations through crowdfunding websites, Kroeger said.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

ADVERTISEMENT