March 26, 2013
Let’s face it – fundraising is hard. Whether you have paraded around the neighborhood in the middle of winter selling Girl Scout cookies, or harassed your friends and family via Facebook to donate towards a marathon, you know that the process can be frustrating and exhausting. Few organizations have a wealth of resources from which to tap, and few individuals have thousands of contacts just waiting to hand them money. While many fundraising efforts are altruistic, it can be difficult to find donors who share a passion for your cause.
Imad Arain, the founder of Fundaround, has a background in systems engineering and operationsanalysis. He has extensive experience in launching, maintaining, and operating technical systems for different industries and platforms, specifically mobile and web. He has turned this experience into a career as a social entrepreneur. Fundaround is his latest venture.
Fundaround tackles several problems facing organizations with fundraising as the primary focus. Free registration and low processing fees (to the tune of 5 percent per transaction) make it an inexpensive option compared to some of the other fundraising sites out there. Additionally, Fundaround provides free tools for users to keep track of their organizations’ members, dues, fundraising activity, etc. This brings me to the second important purpose – not only does Fundaround provide tools for outside fundraising, but it also helps manage an organization’s membership program.
Fundaround aims to help small organizations and big organizations alike. According to Imad:
During a disaster, or call for action, it is difficult for bigger foundations to set up ground operations or preemptively prepare for it. Usually, foundations are competing against each other for every dollar and volunteer, which makes things even more chaotic for common people, who are willing to help.
FundAround is a place for gracious professionalism. It is going to be the solution to this chaos. In Phase 1, FundAround will gather all the small and large organizations that are already helping themselves and have a sense of collectiveness. In time of need, large foundations will have access to all the collected smaller organizations, which are willing to help champion their cause. FundAround will provide the foundations with the necessary tools to create campaigns to tackle any cause, project, or disaster relief rally.
Fundaround demoed at Tech Cocktail DC in late February. Check out their website to join the Fundaround community.
Kristin Pryor (@kristinpryor) is an archeologist by day and budding entrepreneur by night, who is enthusiastically navigating her way through the DC startup space. She has an unending passion for learning and is never satisfied with the status quo. Her current obsessions include wine, hiking, and Downton Abbey.
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