May 4th, 2009, No Comments »
Last year we did a bunch of work with DreamBank, a collaborative giving platform aimed at reducing waste and giving people gifts that they really want. Last week I wrote about Kickstarter, a way for creators to collecting funding for projects–a kind of collaborative investment in future art.
Today’s collaborative funding project (courtesy of Springwise) is GradeFund. From the article:
GradeFund lets students recruit sponsors—usually friends and family—who donate money for each good grade. Participating students upload their transcripts at the end of each term and GradeFund verifies them and then collects funds from the sponsors, who can set their own criteria such as sponsoring students from their alma mater or choosing specific grade levels to sponsor. They can determine donation amounts for each grade, from as low as USD 5.
It’s a nifty, if slightly warped, idea. Though I believe I benefited from such a scheme when I was in high school, I’m not a big fan of incentivizing childrens’ scholastic performance with cash.
The other factor that’s interesting in GradeFund’s case is that surely 100% of ’sponsors’ will be personally known to the student. That is, there’s no ‘fans’ or benevolent strangers funding the kid’s education. In this sense, the site is less essential than other collaborative funding projects I’ve seen. Surely the child’s family could just put a gradated score card up on the fridge and some money in a jar?
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November 20th, 2008, 8 Comments »
The Belfry Theatre is, in my view, the best producer of mainstream theatre in the province. They’re more consistent than The Arts Club or The Vancouver Playhouse, and yet they take more risks with the play choices.
Yesterday I got a media release from the Belfry, summarizing their AGM and reporting on their last year’s work. It reminded me that they’re also currently one of the most financially stable and successful theatres that I know of.
They have an huge subscriber base of 6700 people for a theatre that only seats 277. Their average attendance for their mainstage shows last season was a mind-boggling 92%. They recently extended their production runs from four to five weeks when many Canadian theatres are reducing theirs to three.
I’ve always been an keen observer of arts funding and economics, and so was interested to see where the Belfry got its money from. And, as regular readers know, I love a chart. I produced a couple. The first shows where the Belfry’s revenue comes from:
The second shows the blue chunk of the big pie–private fundraising:
I asked Mark Dusseault at the Belfry about why ‘gaming money’, funding from BC Lottery Corporation, is under ‘private fundraising’. He explained that there were various reasons: government accounting practice, no peer review process and the way the money used to be doled out.
When gaming was originally set up we (staff and volunteers from the theatre) had to go and work the events. We spent a couple of days a year either at a bingo parlour or casino. We were, in essence, fundraising. We had to apply to participate and there was no guarantee as to how much money we would make (or lose).
I actually remember doing this once at a casino for some Vancouver theatre company.
The green slice is public money from sundry agencies: Canada Council for the Arts, CRD Arts Development and BC Cultural Services are the biggest contributors. Their entire budget is about $2.3 this year.
Where Does the Money Go?
I suppose the other question is how is that money spent?
I don’t have any great insights into these numbers. I just wanted to explore them a little, and make pretty charts. Do you have any insights?
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