Assignment task 4

                                                                    Funding 
Differences Between Public and Private Sources of Funding 
Public Funding 
Public Funding comes from the government that takes money from taxes we pay for example the arts council.

Focus on functions usually impacting significant groups in society. Have the most money and more likely to award large grants/contracts. More likely to pay all project cost and/or cover indirect costs. Easier to find information about and to stay current on project needs/interests. Application processes and deadlines are public information and very firm. Use prescribed formats for proposals many use "common" application forms. Possibilities of renewal known up front. Plentiful staff resources most projects have a specific contact person. More likely to have resources for technical assistance. Funds available to wider array of organisations (for profit and nonprofit). Private Funding

More likely to focus on emerging issues, new needs, populations not yet recognised as "special interests." Often willing to pool resources with other funders. The wide range in size of available grants -- some can make very large awards, others are strictly for small local projects. The more willing source of start-up or experimental funds. Can be much more flexible in responding to unique needs and circumstance. Can often provide alternative forms of assistance, i.e., software/hardware donations, materials, expertise, etc. Can generally be much more informal and willing to help with the proposal process.

http://literacy.kent.edu/Oasis/grants/publicVSprivate.html


Funding Ideas

 'gofundme.com':
Gofundme is an easy way to share your story and attract support and also a  crowdfunding platform that allows people in some but not all countries to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses. 

Pros: 

• Has helped individuals raise more than £160 million in funding.
• Completely free to start and run a campaign.
• Campaign topics are completely open, as long as they’re not promoting anything illegal, or contain inappropriate content.
• Customer support appears to be very active.

Cons: 

• Several complaints of poor customer service.
• High fees when compared to the competition.

Doing a Sponsored Walk 

Sponsored walk is another way to raise money for yourself or for charity by getting family, friends and stranger to sponsor you for the walk. 

Pros:

• They attract new supporters.

• They raise your organisation's visibility.
• They involve a large number of people.
• They encourage board involvement.

Cons: 

• They take lots of time, planning, and organisational skills.
• An event can be ruined because of the weather, a competing event on the same day, a promised celebrity not showing up, and many other details over which you have little control.
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Applying for Arts Grants

Arts Council

Grants for the Arts is our open access funding programme for individuals, art organisations and other people who use the arts in their work.They offer awards from £1,000 to £100,000 to support a wide variety of arts-related activities, from dance to visual arts, literature to theatre, music to combined arts.

Pros:

• Getting funding from an organisation good for publicity and for attracting people to the production. 
• Free to apply and the maximum amount usually quite high.
• The application process usually requires the seeker to write down the amount of money needed for the production.

Cons:

• The process often takes several months for the application to be processed and then decided.  
• Chances, especially in regards to the Arts Council are very slim due to a lot of applications so it is advertised to apply for more than one organisation.