Frequently Asked Questions
Crowdfunding is a means of fundraising by asking audiences to give small amounts to support a project. By providing a hub page for your project, using at as a platform for donating, sharing and promoting your cause. You will need to use your social networks as much as possible to encourage your friends, family and wider supporters to contribute. The best way is to offer something back in return for their support. You’ll need to fundraise any way you can, through bake sales, to challenges, collection buckets and raffles. We will support you by promoting your project to our alumni community, asking if they can get involved. You are in the driving seat, and success depends on your hard work.
We will consider projects submissions from current Loughborough students. Priority will be given to projects submitted on behalf of several students working together. Whilst most student projects will be considered, those that meet with Loughborough’s core values best will be prioritised, and not all projects will necessarily be able to receive match funding.
We will pledge up to 50% of the project target for those projects deemed suitable for match funding. Match funding will only be released when you have raised the outstanding amount. If you want your project to be match funded, be sure to provide as much evidence as possible for what the aims and outcomes of your project are and what the impact will be. Make sure to submit good media, and have a plan in place to fundraise/promote your project.
We will consider any project that can show real benefit to the Loughborough experience of our students, or that supports Loughborough students in making a bigger difference to society. We will prioritise projects that are innovative and where a real need is highlighted, and a real impact can be shown. We may offer matched funding of up to 50% to help support projects, but the rest of the project income will come from students fundraising and using the power of local networks to gain wider support from our students, staff and alumni.
This is your project - success will come to those who are able to use their own networks and innovation to promote their projects and raise money. We will try and involve the wider alumni community where we can, and in some cases offer match funding, but success lies in getting the word out!
No need to worry. You can fundraise in numerous ways, from a collection bucket to a cake sale, a sponsored activity or simply sharing your project on social media. But if you are struggling for ideas just get in touch with us.