As the effects of the recession continue to be felt by New Zealand’s creative community, there is growing interest in what role philanthropic giving has in supporting arts organisations.
Philanthropic giving and donations are motivated by shared values and often there is no expectation of benefit or public acknowldgement. If your organisation is registered as not-for-profit, then like any donation, it is tax-deductable.
Philanthropy and donations can be a valuable source of income for artists and cultural organisations allowing new works to be created and community programmes to be developed. Internationally, philanthropists are involved in a range of activity and fundraising takes different forms, especially now the internet has increased both access to and visibility of arts.
Philanthropy can range from a large lump sum donation or bequest from an individual, organisation or trust through to crowd-funding; which is lots of people giving smaller amounts.
There are a number of good crowd-funding sites, but it is very important to do your homework and create a campaign around your fundraising goal before you launch into a listing.
- Tips on Crowd Funding from The Big Idea
- Pledgeme.co.nz – a NZ crowdfunding site for creative projects. Donors earn rewards from the campaign based on how much they pledge.
- Boosted.org.nz – a NZ crowdfunding site especially for the arts, developed by the Arts Foundation. Donations are tax deductable.