STL Arts & Education Council Gets In On Crowdfunding Craze
With the booming popularity of crowdfunding websites helping people and organizations fund everything from indie albums to civic improvement projects, the Arts and Education Council of Greater St. Louis is getting in on the act with last week’s launch of Power2Give, a crowdfunding platform exclusively for non-profits. The official Launch Party for Power2Give is this Wednesday, Nov. 13 from 5 to 7 p.m. at the Centene Center for Arts and Education, where guests can see the site live, hear from many of the participating organizations and enjoy food, music and more.
Cynthia A. Prost, A&E Council President, has high hopes for the site, saying it will “encourage local arts consumers to become arts donors and help the organizations they love.”
The effort hasn’t had any trouble attracting those seeking funding. When the site went live on Nov. 7, there were already 25 projects posted from 25 organizations in the St. Louis region, including such stalwart organizations as Opera Theatre of Saint Louis, Craft Alliance and COCA, to smaller organizations such as The Saint Louis Classical Guitar Society, River Styx and Springboard. Projects listed on the the site can seek funding up to $10,000.
The effort is in partnership with the Arts & Science Council (ASC) of Charlotte, N.C., which developed Power2Give in 2011. It has since expanded to include 18 other metropolitan areas, with St. Louis becoming the latest city to join the fold. The fundraising platform has raised more than $3.1 million in funds between 1,400 projects. The crowdfunding concept fits well with current trends in arts philanthropy, which includes both smaller gift sizes and making donations online. Power2Give harnesses the “power of many,” Prost says.