Citizinvestor

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Citizinvestor is an American-based civic crowdfunding website that describes itself as a "crowdfunding and civic engagement platform for local government projects."

Overview[edit]

Citizinvestor is an online crowdfunding platform specifically focused on raising money for public projects and community infrastructure, started by entrepreneurs in Tampa, Florida.[1] It was inspired by a case in Davis Islands where the community wanted a swimming pool repaired, but the city did not have the finances to do so; citizens successfully raised the funds with events and going door-to-door and this became the model for Citizinvestor.[1] The founders hope to "spark a rise of micro philanthropists".[1] The platform allows citizens to promote independent projects through a petition process and also works with city officials to crowdfund civic projects that were planned but abandoned due to budget constraints.[1]

  • Founded by Jordan Raynor, Tony DeSisto and Erik Rapprich
  • Donations are 100% tax deductible
  • Donors are not charged if their project does not reach its funding target
  • Projects can only be submitted by government entities, usually municipal governments
  • People can start petitions for new projects
  • Unlike Kickstarter, no perks/rewards/swag are offered
  • Initial focus is on micro projects: between $10,000 and $20,000.
  • Charges a 5% fee plus 3% for WePay's payment processing

References[edit]

  1. ^ a b c d Morelli, Keith (23 September 2012). "Kayak commute dream is a citizen-investor idea". Tampa Tribune. Retrieved 28 February 2014. 

External links[edit]