What is crowdfunding?

Crowdfunding is the practise of raising money for a project or resource by the power of the internet and social media. Charities and higher education institutions are using this method increasingly in order to secure funds for their charitable work, and at the University of Salford, we are no exception! If you would like further info, please see our helpful animation below.

Watch the video

Who are the sponsors?

Your sponsors will be individuals such as alumni, friends, and family. Occasionally, they may also be complete strangers! How many people your project reaches is up to you!

Can I raise more than my funding target?

Yes! There is no ceiling to how much you can raise and it is common for projects to raise more than their minimum and sometimes more than their funding target!

What's all-or-nothing funding?

We ask you for two amounts - the minimum you need, and your ultimate target. Funds only change hands if a project has reached its minimum once it hit its end date. This means you only need to carry out your project and deliver rewards if you achieve this minimum target. We recommend setting the minimum at the smallest amount you need to complete your project and successfully deliver rewards. You can still set a bigger project target as well! Most projects receive considerably more than their minimum!

What is a project?

When you publish your idea or event, we call it a project. For your idea to become a project, you must have a clear goal and be able to explain how you will spend the funds you raise.

If you have a bright idea and are interested in fundraising through FundUS, you must be a current student or member of staff at the University. To register your interest and discuss your options in greater detail, please email supporters@salford.ac.uk

Crowdfunding Guide Crowdfunding Application Form

Are there any fees?

We cover the costs of the platform, and the University is able to cover transaction fees up until July 2018. This means that the great news is that 100% of the money raised by each project goes directly to the project’s success.

Resources

The Crowdfunding Handbook
Rewards Guide
Promotion Guide