A donation is something which someone gives to a charity or other organization. A campaign is a planned set of activities that people carry out over a period of time in order to achieve something such as social or political change.
Finance is the indivisual, commercial or government activity of managing money, debt, credit, and investment. Funding is money which a government or organization provides for a particular purpose. Fundraising is the activity of collecting money to support a charity or political campaign or organization. Crowdfunding is funding by many individuals pooling their money together for a common goal, usually via the Internet.
According to Wikipedia, crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, in modern times typically via the Internet. It is said that crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion were raised worldwide by crowdfunding.
There are different types of crowdfunding. They are reward-based crowdfunding, equity crowdfunding, debt-based crowdfunding, litigation crowdfunding, or donation-based crowdfunding.
Donation-based crowdfunding is said to be the collective effort of individuals to help charitable causes. In donation-based crowdfunding, funds are raised for social, environmental, or other purposes. They say that litigation crowdfunding allows plaintiffs or defendants to reach out to hundreds of their peers simultaneously in a semiprivate and confidential manner to obtain funding, either seeking donations or providing a reward in return for funding.
In case of politics, they have talked about campaign finance, which is about raising and spending of money intended to influence a political vote, such as the election of a candidate or a referendum according to Britannica. It is said that political parties and candidates require money to publicize their electoral platforms and to pursue effective campaigns.
According to Wikipedia, GoFundMe(https://www.gofundme.com) is an American crowdfunding platform that allows people to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses. From 2010 to the beginning of 2020, over $9 billion has been raised on the platform, with contributions from over 120 million donors.
MemphisTV(https://www.memphistv.org) tries to have a fundraising campaign in the fiscal year of 2022. The raised money will be used for the operation of local journalism, broadcasting service and podcast service, and for the production of documentaries and eventually movies and so on including, but not limited to performing investigative journalism, conducting various litigations, dispelling corruptions, and fighting against white-collar crimes around Memphis in Tennessee and near Arkansas and Mississippi. Our goal for the fundraising campaign is designed to carry out our various types of journalistic and community activities.
Your donations or contributions can save Memphis. You can donate either through GoFundMe donation page of MemphisTV(http://gofundme.com/f/memphistv) or to the Editor directly.
Save Memphis! Donate to MemphisTV! Thank you.
Published: December 1, 2021
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