IMSA Crowdfunding FAQs
What is crowdfunding?
Crowdfunding is the act of raising funds online from a large number of people for a specific project, cause, or campaign.
How does it work?
IMSA utilizes Everydayhero as its official crowdfunding platform. Interested parties may submit an application to use the platform and after being interviewed, and approved may create their campaign page to empower the IMSA community to come together to support various projects.
Who can start a campaign?
Any student, faculty or staff member, alumnus/a, of IMSA may submit an application to start a campaign.
When will I receive the funds I raise?
Funds are typically available within one month after the conclusion of the campaign. This time is the safe estimate for IMSA to process all donations. The money raised by the project’s champions is deposited directly into the campaign’s account.
Why can’t I see my completed campaign on the website?
IMSA reserves the right to “hide” or make invisible any campaign which has concluded. We reserve this right unconditionally and may, at any time, remove a campaign from any page on the IMSA website. If you have already completed your campaign, and it is no longer visible on our page, then we have chosen to exercise our right to “hide” any past campaigns.
How do I contribute to a campaign?
Once you identify the campaign(s) you wish to support, click the “Make a gift” button, and complete the online contribution form, which will charge your credit card in the amount you enter.
The online contribution form also includes a link to a paper form, which you may print, fill out, and mail to the development office at IMSA. The paper form may be used for either credit card or gifts by check. Please do not send cash via the US Postal Service.
Donors interested in making gifts through alternative methods should contact the Development office at 630-907-5040 or email at email@example.com
What is the minimum and maximum gift I can make?
The minimum amount you may give to a single project is $5, but there is no upper limit to what you may give. However, if you wish to give more than $5,000 please contact the Development Office phone at 630-907-5040 or email at firstname.lastname@example.org
When is my credit card charged?
Your credit card is charged immediately upon making the gift.
How is my contact information used?
Your contact information is required to process your credit card payment. Campaign champions receive your name and email address so they may send you a thank you message for your gift. In addition, IMSA may use your contact information to provide updates on the campaigns to which you have contributed as well as similar or other active campaigns.
Are contributions returned if a campaign does not reach its fundraising goal?
No, all funds are applied to the stated fundraising purpose. If a campaign becomes impractical or impossible to complete, funds will be used in the spirit of the original purpose of the project. Due to the charitable nature of gifts made to IMSA, which is a tax exempt institution, refunds are not permitted.
Is my contribution publicly displayed?
Only if you say so. By default your name is publicly displayed on the pages of campaigns which you have supported. However, you may make an anonymous contribution by selecting that option at the time of your gift.
What rewards can I receive for my contribution?
By default, you receive the warmest and sincerest thanks for your contribution. Some campaigns may offer other rewards which have no monetary value.
Is my gift tax-deductible?
All gifts made to IMSA are tax-deductible gifts, which is a tax-exempt, charitable institution. A receipt will be mailed to you following receipt of your contribution.
How do I know if the project reaches its goal?
All progress can be monitored through the specific campaign page. Additionally, campaign champions may provide regular progress reports to donors throughout the campaign and upon completion.