Funding4Learning
Encyclopedia
Funding4Learning is a "human capital
oriented" crowdfunding platform for educational projects. Funding4Learning provides its users with fundraising tools for study
, volunteering
, as well as a diverse array of education related initiatives.
page for their funding initiative, offer "rewards" in accordance with different levels of contributions, and start a social media
-based publicity and word of mouth
effort.
Unlike similar sites such as Kickstarter
or Indiegogo
, Funding4Learning is a specialized crowdfunding site that dedicates entirely to education related projects.
Funding4Learning uses PayPal
as their main provider for all the fundraising
payment's processing and transaction services.
campaign is successful.
While there is no guarantee that users that post campaigns on Funding4Learning will undertake the educational program presented on their campaigns or deliver on their promise of a reward, Funding4Learning asks its users to post their resumes on their campaign website and advises donors to use their own judgment
when supporting a campaign.
Human capital
Human capitalis the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value. It is the attributes gained by a worker through education and experience...
oriented" crowdfunding platform for educational projects. Funding4Learning provides its users with fundraising tools for study
Study
Study or studies may refer to:* Research* Study , a drawing or series of drawings done in preparation for a finished piece* Study , a room in a home used as an office or library* Observational study* Education...
, volunteering
Volunteering
Volunteering is generally considered an altruistic activity, intended to promote good or improve human quality of life, but people also volunteer for their own skill development, to meet others, to make contacts for possible employment, to have fun, and a variety of other reasons that could be...
, as well as a diverse array of education related initiatives.
Concept
Funding4Learning, as other "crowdfunding dubbed" platforms, allows users to create a fundraisingFundraising
Fundraising or fund raising is the process of soliciting and gathering voluntary contributions as money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies...
page for their funding initiative, offer "rewards" in accordance with different levels of contributions, and start a social media
Social media
The term Social Media refers to the use of web-based and mobile technologies to turn communication into an interactive dialogue. Andreas Kaplan and Michael Haenlein define social media as "a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0,...
-based publicity and word of mouth
Word of mouth
Word of mouth, or viva voce, is the passing of information from person to person by oral communication. Storytelling is the oldest form of word-of-mouth communication where one person tells others of something, whether a real event or something made up. Oral tradition is cultural material and...
effort.
Unlike similar sites such as Kickstarter
Kickstarter
Kickstarter is an online threshold pledge system for funding creative projects. Kickstarter has funded a diverse array of endeavors, ranging from indie film and music to journalism, solar energy technology and food-related projects.-Model:...
or Indiegogo
Indiegogo
IndieGoGo is a crowd funding site founded by Slava Rubin, Danae Ringellmann and Eric Schell in 2008. Its headquarters are in San Francisco, California...
, Funding4Learning is a specialized crowdfunding site that dedicates entirely to education related projects.
Funding4Learning uses PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
as their main provider for all the fundraising
Fundraising
Fundraising or fund raising is the process of soliciting and gathering voluntary contributions as money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies...
payment's processing and transaction services.
Model
Funding4Learning works with an "all or nothing" approach, which means that the collected funds are disbursed only if the fundraisingFundraising
Fundraising or fund raising is the process of soliciting and gathering voluntary contributions as money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies...
campaign is successful.
While there is no guarantee that users that post campaigns on Funding4Learning will undertake the educational program presented on their campaigns or deliver on their promise of a reward, Funding4Learning asks its users to post their resumes on their campaign website and advises donors to use their own judgment
Common sense
Common sense is defined by Merriam-Webster as, "sound and prudent judgment based on a simple perception of the situation or facts." Thus, "common sense" equates to the knowledge and experience which most people already have, or which the person using the term believes that they do or should have...
when supporting a campaign.