Wishlist #3 — Funding Mechanism — Kickstarter.com
A while ago I did a post on a new item for my wishlist.
The post described an idea for a funding mechanism that would enable people working on paranormal projects to seek funding from outside sources. Ideally it would provide a way for people to make contributions that are tax deductible and provide a mechanism for funds to be returned if enough money for the project isn’t raised or if a portion of the money remains unspent at the end of the project.
Basically it allows people or groups seeking funding to post a project proposal online and then collect funds from interested parties. In this case, if the desired amount is not raised, all the funds get returned to the donors.
According to the FAQ, non-profits can use their tax-deductible status.
The program uses Amazon.com’s payment system. They also mention in their faq that Paypal is working on a system that Kickstarter might consider using as well, to process contingent payments. I thought a company like Paypal would be ideal because they already have much of financial infrastructure to deal with relatively small payments. I guess Amazon is close enough.
I recently came across another instance where this sort of program would be very useful. Billy Cox did a posting on an event that is being organized by Robert Salas and Robert Hastings. The post talked about how they need money to get the people to D.C., to put them up in hotels, and to rent the space. Sounds good to me, as they seem to be more reasonable than some other presenters (your opinion may vary) so I sent in some money via paypal. I couldn’t help wondering though, that having a more community oriented portal for solicitation would be helpful. Something where they could make a presentation, contributors could get updates, and then potentially have refunds if excess (haha) funds were raised. Kickstarter accomplishes most of these things.
I hope people looking for funding for projects will at least give Kickstarter a look.