Frequently Asked Questions about Crowdfunding
- What is Crowdfunding?
- What is Fund the ‘Ville?
- Who can use Fund the ‘Ville?
- How long is the Fund the ‘Ville Process?
- What if my project does not meet its funding goal?
- Does my donation to Fund the ‘Ville benefit the project?
- How can I support projects in addition to donating?
- Are gifts tax deductible?
What is Crowdfunding?
Crowdfunding is a fundraising tool designed to fund a project or venture raising small amounts of money from a large number of people, typically via the internet.
What is Fund the ‘Ville?
Fund the ‘Ville is Millersville University’s online fundraising platform managed by the Office of Advancement. MU groups create projects to raise money for innovative projects, service trips, events, equipment, and other MU-specific ventures.
Who can use Fund the ‘Ville?
Any student, faculty or staff part of the MU community via an academic department, athletic team, student group, or other official entity. Fund the ‘Ville projects have to be affiliated with Millersville University. All projects are subject to approval.
How long is the Fund the ‘Ville Process?
Once an application is submitted, please allow up to two weeks for it to be reviewed. If approved, the “quiet phase” of the campaign, when project leaders work with University Advancement to organize and create the fundraiser, lasts between 2-3 weeks. The “active phase”, when the crowdfunding campaign is live on the Fund the ‘Ville website lasts up to 60 days. In all, a campaign will run about 3 months.
What if my project does not meet its funding goal?
If the campaign falls short of its funding goal, the funds raised will still be released to the project fund. In the event that a project cannot be undertaken because of the shortfall, the money raised will be retained by the department head for use on a project with similar goals.
Does my donation to Fund the ‘Ville benefit the project?
Yes; gifts made through Fund the ‘Ville directly support the designated project, whether or not the project reaches its fundraising goal.
How can I support projects in addition to donating?
In addition to making a gift, you can expand your impact by sharing a project with your friends and family. Whether through email, Facebook, or a tweet, helping to promote projects to a larger audience makes a big difference.
Are gifts tax deductible?
Yes; contributions through Fund the ‘Ville support specific areas of the university and are therefore eligible for income tax deductions as allowed by law.