About Crowdfunding

About CMU Crowdfunding

- The CMU Crowdfunding platform is designated for university-related projects that impact and benefit CMU students, and with funding goals of $2,000-$10,000.

- CMU Crowdfunding is sponsored by University Advancement through the Office of Annual Giving. There is the standard 12% Administrative Fee charged on all gifts made to the university, including those gifts for CMU Crowdfunding projects.

- Each CMU Crowdfunding contribution is a charitable gift to CMU, designated to the project of the donor’s choosing.

- CMU Crowdfunding project campaigns are typically open for funding support for 30 days and remain on the site afterward to provide      project updates to the donors.

- Gifts can be made to CMU Crowdfunding projects by anyone worldwide, provided they have a credit card. Payments must be made in US Dollars only.

- A project’s success is based in part on the amount of personal outreach and social media exposure generated by the Project Leader/Team.

- Visit the project pages, give and share!

 

The Application Process

- Interested students should complete the online application.

- Upon submission, the CMU Crowdfunding Review Committee will consider all proposals and determine which projects will be included on CMU Crowdfunding.

 

By submitting the application, the Project Leader(s) agree(s) to the following:

- Attend an orientation session with your Project team to receive materials, tools and timetable.

- Provide detailed budget for the Project.

- Develop website content and produce a short video (2-3 minutes).

- Develop a social media plan with an email list of at least 100 individuals (per team member) prior to the launch of the Project.

- Maintain the project site and continue outreach until the Project closes.

- Provide weekly updates during the crowdfunding campaign and after the Project is complete.

- Meet all deadlines as outlined at the orientation.

- Provide an Oracle Account Number for the Project.

- Recognize that a 12% Administrative Fee is charged by Carnegie Mellon University on the total funds raised.

- Spend all Project funds as outlined in the original proposal.

- Fulfill perks as outlined by the Office of Annual Giving within one week of campaign close.

- Along with each member of the Project team, make a donation of $5 or greater to the Project during the campaign’s quiet launch.  

 

2016-2017 Key Dates

Round 1 November 7-December 6 Applications due by September 30

Round 2 February 20-March 22 Applications due by December 16

Round 3 April 3-May 2 Applications due by February 28  

 

For more information, contact: Christa Papcunik, Associate Director of Annual Giving, cpapcunik@cmu.edu, 412-268-3231

 

Carnegie Mellon University FAQ

 

Who are the students or organizations associated with the projects on the CMU Crowdfunding site?

The persons/entities that are associated with the projects on the CMU Crowdfunding site are Carnegie Mellon students, faculty, staff or alumni and/or organizations seeking support for educational and similar projects. 

How are projects selected?

Projects are selected by the CMU Project Review Committee, which reviews every application for funding submitted.  Among other criteria used for selection, to be eligible for funding, the proposed project must fulfill an educational or similar non-profit purpose at CMU. Persons/entities interested in having projects funded must submit an application identifying the funding, the educational-related or similar non-profit purpose and the proposed use of funding.  

Is my payment secure?

Yes. CyberSource is the technology used by CMU for processing payments. CyberSource is PCI Level 1-compliant.   

When will my credit card be charged?

Your payment will be processed immediately when you finalize it through the site.  

Who is considered the donor?

The credit card owner (i.e., the named account holder of the credit card) is considered the donor.  

Is my payment tax deductible as a gift to CMU?

Your contribution is a charitable gift to CMU, designated for the project you have chosen to fund.   You may be entitled to a charitable income tax deduction for your gift to CMU because CMU is a 501(c)(3) non-profit organization.  Please consult your tax advisor for advice regarding your specific tax situation.       

Does my payment count towards my annual giving to CMU?

Yes. Since your payment is a charitable contribution to CMU, it will be considered your annual gift (or as part of your annual gift) to CMU. Your payment will also be counted toward your membership in CMU’s donor recognition societies, such as the Andrew Carnegie Society.  

Is my payment eligible for a matching gift?

Yes. Because your payment is a charitable contribution (gift) to CMU, it will be eligible for matching gifts.  

Who should I contact with questions about my payment?

All questions can be directed to crowdfunding@andrew.cmu.edu.    

Are international payments accepted?

Yes. International payments can be made via credit card in U.S. dollars through the site.  

What happens if a project is not fully funded or the funds raised for the project exceed the goal?

In general, if for any reason CMU determines that the use of the funds for the stated purpose should no longer be possible or appropriate, CMU may use the funds to support other projects or purposes that CMU believes closely align with the educational and/or charitable intentions of the project.  Thus, if CMU determines that (i) the project cannot be performed in whole or in part because it is not fully funded, CMU may use the funds that cannot be used for the project to support other projects or purposes that CMU believes closely align with the educational and/or charitable intentions of the project, or (ii) the funds raised for the project exceed the financing needs of the project (which may occur if the goal is exceeded), CMU may apply the excess funds to support other projects or purposes that CMU believes closely align with the educational and/or charitable intentions of the project.    

Is CMU responsible for ensuring that the funds are used as intended?

Yes. Except as noted in the bullet point immediately above, CMU is responsible for ensuring that the funds are used for the project.