The first and successful crowdfunding project with the Dom Church in Utrecht will be given a sequel. ABN AMRO MeesPierson and SEEDS have announced their decision to assist the crowdfunding efforts of five religious institutions to raise funds for projects.
At the ‘Church and State in Transition’ conference on 25 November, ABN AMRO MeesPierson announced that any religious institutions interested in this scheme have until the end of January 2015 to put forward their projects. Early next year a panel of judges – representatives from the various denominations, ABN AMRO MeesPierson and SEEDS – will select five religious projects to assist with their crowdfunding ventures. The campaigns will be prepared during the spring, and the actual crowdfunding will begin after the summer of 2015.
Smaller projects welcome
The new projects will serve as sequels to the pilot that ABN AMRO’s private bank ran with the Dom Church. Mark van Keeken, Client Management Director at ABN AMRO MeesPierson, explains, ‘The Draag de Dom (‘carry the Dom’) crowdfunding project raised more than EUR 50,000. It showed how religious institutions too can be successful in identifying new and innovative sources of income. Although the Dom Church was admittedly a major venture, we now explicitly invite smaller projects to come forward too.’
Alternative methods of fundraising
As their income from grants diminishes, religious institutions are being forced to look for alternative methods of fundraising. ABN AMRO MeesPierson helps by facilitating crowdfunding schemes, becoming the first bank to initiate crowdfunding for religious institutions. In 2015, the bank will assist five winners in their crowdfunding efforts and will provide an online platform where donors and the religious institutions can meet.