What is crowdfunding?
Crowdfunding is the practice of sourcing small contributions from a large
number of people to provide funding for a particular project or campaign,
usually via the Internet.
What is Milo’s Crowd, also known as CU Denver Crowdfunding?
CU Denver Crowdfunding is an online fundraising tool created by the University
of Colorado Denver that allows individuals and organizations to create and
share fundraising campaigns with an engaged community. The CU Denver
Crowdfunding platform can empower the entire Lynx community to come together
and create lasting impact on projects they may be interested in or care about.
How does CU Denver Crowdfunding work?
Selected CU Denver faculty, staff, and students have created separate
fundraising campaigns for particular projects with specific funding goals and
project completion timelines. Supporters can contribute to the project
financially and are encouraged to share the project with their own community
and social network.
Who can contribute to CU Denver Crowdfunding?
Anyone! Contributions to projects can be made by any individual or organization
inside or outside of the CU Denver community.
CU Denver Crowdfunding Contributor/Funder FAQs
How do I contribute to a project on the CU
Denver Crowdfunding site?
Find the project page for the project that you would like to contribute to and
click "support this project." You will be asked for a contribution
amount and credit card information. You can also contribute by telling your
friends and family about a project that you are interested in, or by spreading
the word across your social networks.
What methods of payment does CU Denver Crowdfunding accept?
CU Denver Crowdfunding accepts credit card payments (Visa, MasterCard, American
Express and Discover). If you want to make a check donation, please
make it payable to the University of Colorado Foundation OR the CU Foundation. Mail checks to:
P.O. Box 17126
Is there a minimum or maximum amount I can contribute?
Yes, there is a $5 minimum contribution amount required. There is no maximum
amount and you can also make multiple contributions to multiple projects.
If I contribute to a project, when is my credit card charged?
Immediately upon making the donation.
Is my contribution tax deductible?
Yes, your contribution is a donation gift made to the CU Foundation and is tax
deductible as allowed by law. You will receive a tax-deductible receipt for the
entire amount of your donation. Funds contributed are then transferred from the
CU Foundation to the University for use by the specified project.
Does CU Denver store my credit card payment information?
No, CU Denver Crowdfunding does not store any payment or credit card
Is my contribution amount publically displayed?
No, your name and contribution amount will not be publically displayed.
Can I make an anonymous contribution?
Yes, you will be able to indicate when making your contribution payment that
you would like to remain anonymous.
When will a project receive funds?
Projects will receive their funds once the fundraising period has ended
(typical 30-45 days from the start of the funding period).
Can I share that I contributed to a project through my social media accounts?
Yes, there is a button on the CU Denver Crowdfunding site thank you page that
you will see after a contribution is given that will allow donors to share
their contribution with their own social networks.
What rewards, if any, can I receive for my contribution?
Currently, CU Denver Crowdfunding is only allowing for non-tangible rewards to
be given and only from certain selected projects. These non-tangible rewards
are defined as rewards that don't have any monetary value except for the costs
of the materials such as cards, blank CDs, poster boards, paper, etc.
Can I get a refund for a contribution I have made?
Yes, a refund request will need to be made directly to the Processing
Department in the Office of Advancement (not the Foundation) at (303) 541-1290
or via email at firstname.lastname@example.org
How do I know what percentage of my money goes to the project?
100% of the funds raised will be used by the project to which you have
contributed for the project tasks and related expenses. Each project has
a detailed budget breakdown and a section on "use of funds" in their
project description pages on the CU Denver Crowdfunding website.
How do contributors know that their contributions will be used for the project
they gave to?
100% of your contribution will go only to the project (or projects) you have
designated. Each project has a separate accounts set up by University
accounting which will be monitored by an assigned university staff and/or
faculty sponsor for each project.
How will I know if and when the project reaches its funding goal?
You can always check back on the project page to look at the funding progress.
You can also sign up for updates or follow the project's social media pages for
updates. You will receive an email when the project fundraising time has
expired regardless of the success of the project.
What happens if a project exceeds its
specified funding goal?
Each of the project teams has identified a set of baseline project tasks and
goals in addition to a set of "stretch goals". Should a project be
fortunate enough to exceed its funding goal, the additional funds will be
utilized to help the team reach the project stretch goals as identified in
their project description pages on the CU Denver Crowdfunding website.
Are contributions returned if a project does not meet its stated funding goal?
No, we believe that projects should be able to keep the funds that are raised
even if the total funding goal may not have been reached. We expect each of the
project teams will make some progress in achieving their project goals even if
they may not have been fully funded.
Can I ask questions about projects?
Absolutely! Just click the "Ask a Question Button" under the project
starter box and your question will be sent to the project creator/lead.
Can I sign up for email alerts to receive project updates?
Backers who have contributed to a project will receive emails whenever the
project creator creates an update, or when the project funding period ends.
Project Creator FAQs
Who can start a project on CU Denver Crowdfunding?
CU Denver students, faculty, and staff can apply to create and launch a
campaign on the CU Denver Crowdfunding platform. The application can
be found here.
How does my project get approved?
Once we receive your application, a committee will review your idea and
contact you with questions. The committee will meet every four to six weeks, so
please plan ahead if your project is time sensitive.
How can I increase the chance that my project will meet its fundraising
One of the key components of a successful crowdfunding campaign is a solid
marketing strategy. Our planning guide and marketing
guide can help you
develop a strategy to raise the funds you need. We will ask you to complete these
documents before your campaign launches.
How does a project receive its funding?
Funds will be transferred from the CU Foundation to the University as the
contributions are processed. The project teams will be able to access these
funds through a separate university spending account set up specifically
for their project once the funding period has ended.