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  • Showing only topics with the tag "fundraising". Back to normal view
    1. How investors 10x each dollar, before they even invest

      For the past several years I’ve been knee deep involved in Ukraine and as several people on Tildes know, a lot of my earliest days were spent donating, tens of thousands. All in all I’ve donated...

      For the past several years I’ve been knee deep involved in Ukraine and as several people on Tildes know, a lot of my earliest days were spent donating, tens of thousands. All in all I’ve donated enough to nearly bankrupt myself when my situation changed.

      As I got more involved (and now I’m an active investor in the sector), I want to share something I’ve learned since that I wish someone had told me when I started:

      Every dollar you have that you want to put to work can, on average, be 10x’d by the time you put it in.

      That means if you want to donate 10k, you may well be able to end up putting 100k to work towards your goal.

      You may have seen this take the form of donation matching — some fame seekers sometimes do it (I’ll donate 10 dollars for every dollar you donate), but this isn’t necessarily what I mean.

      Speaking on an investment side: on average, 10% “skin in the game” makes it very easy to get the remaining 90% as long as there is a net positive outcome possible. So by positioning your donation as your skin in the game to a larger fundraise, you set yourself up for multiplying your impact by ten.

      What’s more: let’s say you don’t want to donate 10k in bulk but you have a good job that allows you to set aside 1k usd per month. You want to donate half of that (500 usd). This means per year you can donate 6k usd.
      Are you able to take a two year engagement? Congratulations, that means you are donating 12k and can now raise for 120k with 10% skin in the game (as long as the money isn’t needed faster than at the rate it can be committed).

      I had this discussion with an acquaintance who has been in finance for a long time and got a very good job. She was trying to figure out how to “invest” 40k per year, that would otherwise be lost to taxes. On a 7 year engagement she has now setup a 10M climate fund (around 2% SITG which is standard for funds).

      I was floored she didn’t know this. I figured the reason I didn’t was because I didn’t study economics, but it seems so fundamental that I want more people to be aware that this is a thing.

      17 votes
    2. So what do political parties spend all that fundraised money on?

      Fundraising has always been a part of campaigning but ever since I made a small donation several years ago, Ive been getting constant appeals to donate more (in Canada). I always wonder though,...

      Fundraising has always been a part of campaigning but ever since I made a small donation several years ago, Ive been getting constant appeals to donate more (in Canada). I always wonder though, what exactly that money gets spent on? Are they just buying ads on tv and online? Or where does it all get directed?

      18 votes
    3. How would you structure an Open Collective with the objective of teaching programming to raise money for a cause?

      I am asking as I have just created one. I won't advertise it here, as it feels not in good faith and I don't think Tildes is the right audience (I imagine most of the techies here are probably...

      I am asking as I have just created one. I won't advertise it here, as it feels not in good faith and I don't think Tildes is the right audience (I imagine most of the techies here are probably fairly seasoned).

      I want to offer some kind of programming tuition to people at a good rate (read: affordable to those that might be on a low income but wish to learn). I am doing this to raise money for my local cardiology ward, who have just been told there isn't enough in the budget to cover their Christmas party this year. Morale is low there, and I'd like to help cover the deficit.

      How would you structure something like this?

      Initially, I have written that I have no set fee and am happy to offer services on case-by-case basis (words to that effect). But in a discussion with a friend, they suggested I should do something like:

      • Small donation (£1 - £25): Access to a chatroom (Discord?) where someone can ask questions, and I'll strive to answer and help them as fast as possible)
      • Medium donation (£25 - £50): I will arrange a group session where I cover some basic programming concepts and host a Q&A at the end to help bridge any gaps in understanding.
      • Large donation (£50+): I will arrange a one-to-one session (via call, video or instant messaging) where I will help go more in-depth on a topic or help debug a specific problem.

      If anyone has any experience with this type of thing, I'd appreciate any advice. I have only been a professional software developer for three years, so I am reasonably experienced, but not exactly an industry veteran. I want to set realistic expectations for this service.

      I'm happy to share a link to the open collective via private message if anyone wants to have a look over it and offer any advice.

      9 votes