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Alumni News

Applicant FAQ’s


  • How can I feature my project on Crowdfunding?

The first step is to submit application. You will be contacted with further details once your application is reviewed by the Crowd Funding campaign committee.

 

  • Is my project a good fit for Crowdfunding?

All college affiliates including registered clubs and organizations as well as athletics, special programs and department-based projects or research are possible Crowdfunding fundraising initiatives. If you are working on a compelling project that you are passionate about, we want to hear about it!

 

  • When should I apply?

Please submit your application as early as possible, but no later than 2 months prior to the date you will need access to the funds raised. This will allow our office enough time to review your application, for you to collect/create your campaign's collateral materials, and to run a well-planned fundraising campaign. Projects will remain active anywhere from 6-8 weeks depending on your project's dollar goal.

 

  • How long does it take to process a Crowdfunding Application?

Applications are processed on a first-come-first-served basis. Please allow up to 10 business days for the processing of each application. Upon approval or denial of the application, an annual giving staff member will contact you directly to discuss the next steps of your project.

 

  • How can I help my project succeed?

While we have a team that can help with your campaign, it is expected that you will have a network of your own to push your message. You can distribute your message to your social networks and encourage individuals identified as potential donors to share with their networks. Friends and family have also demonstrated to be strong supporters of crowdfunding campaigns.



  • What is a realistic financial goal?

Goal size will vary based upon the scope and nature of the project. Crowdfunding platforms are primarily used for projects with goals between $1,500 and $20,000, but certain projects may effectively leverage a larger goal size.

 

  • How much does it cost to feature my project on Crowdfunding?

There are no setup fees. 95% of the money you raise will go towards your initiative, 5% goes to support the SMC Alumni Association.

 

  • How will I access the funds that are raised on Crowdfunding?

Funds will be deposited into an active “N” account, which can be spent at the fund manager’s discretion. Groups and organizations will not have access to the funds until the project is completed.

 

  • What if a project is overfunded?

If a campaign raises funds above the fundraising goal, surplus funds will be used to enhance projects.

 

  • What if a project does not reach the fundraising goal?

This is one of the ways Crowdfunding is a little different (and a lot better!) from other crowdfunding platforms. All gifts are processed by the Santa Monica College Foundation and go directly to the program or project you choose to support, even if the goal isn't completely met. If the project is unable to proceed due to lack of funding, the funds raised will be used toward future projects supporting the mission of the club or organization at the discretion of the faculty/staff advisor.

 

  • Who should I contact regarding questions about submitting a Crowdfunding project application?

Please contact Andres Muñoz, Student Services Assistant of Campus and Alumni Relations, at munoz_andres@smc.edu or (310)434-8400

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