Simon Bowden first learned of crowdfunding while on a United StatesGovernment-funded International Visitor Leadership programme inAmerica in August 2010. He met with United States Artists in LosAngeles, one of the only other agencies to create an arts crowdfundingwebsite that offers tax deduction to donors. A recent article in the NewYork Times compared the success rate of projects being funded on theUnited States Artists site of 75% with 44% on Kickstarter, sighting tax
deduction as the likely reason for United States Artists’ success. “The
tax deductible status of donations to projects on Boosted will improve
the confidence of donors and may encourage them to give more,” said
“Perhaps the most exciting outcome of crowdfunding is its potential to
create cultural change. Artists who are successful in using crowdfundingwill have new encouragement to articulate their vision based on theirpersonal aspirations. Audiences will have a new means of participatingin the arts as investors in the creative process. Crowdfunding is arevolution. It is about empowering artists to inspire people to join their
endeavours,” said Simon Bowden.
Artists, administrators and producers shouldregister.The Arts
Foundation will provide information to projects on how to prepare forparticipation in Boosted. The website is expected to be up and running inSeptember this year.
How will it work?
Artists, arts groups and organisations (artists) will submit a projectfor pre-approval to the Arts Foundation. Considered on a case-by-case basis, the Arts Foundation will approve all legitimate artsproject through a simple and quick process;