The Money Crowd, a crowdfunding website designed for nonprofits in Tampa Bay, provides a new option for community members to support the causes they care about. The site aims to give nonprofits an avenue to fundraise with little to no overhead and less administrative work than traditional projects.
“We wanted to see if crowdfunding could work on a local level for a niche market,” says Kostas Stoilas, senior associate at Cushman & Wakefield of Florida and founder of The Money Crowd.
Nonprofits develop a need with a specific project, event or cause. The Money Crowd’s volunteer team then meets with the organization to fine tune the concept and shoot video to be used on the site. Promotions are done by both the nonprofit and The Money Crowd, and donations go directly to the organization through their Paypal account.
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