Launch UMD is a crowdfunding platform to help Maryland community members raise money so that their ideas and passions can take flight. Launch UMD projects advance innovation, teaching and learning at the university – including those focused on student groups, student experience, athletics, library or faculty-specific initiatives – and allow us to showcase fearless ideas from across campus.
How do groups access the funds they raise?
All projects will keep any funds raised even if the goal isn’t achieved. Funds will only be deposited in University of Maryland College Park Foundation accounts. Launch UMD staff will work with project team leaders and, where appropriate, establish appropriate accounts and to make sure a proper University disbursement authority is in place.
Who is eligible to use Launch UMD?
Launch UMD is open to all students, faculty and staff at the University of Maryland, College Park who are raising money for University-based and affiliated initiatives and projects. Launch cannot be used to fund independent business or charity ventures, regardless of whether or not the people leading those ventures are members of the UMD community.
When are Launch applications due?
Applications are currently being accepted for Fall 2018. Please email your completed application to email@example.com by Monday, October 1st at midnight.
Who decides that a project will be added to UMD Launch?
A Launch UMD panel, comprised of University Relations marketing and fundraising staff, will review UMD Launch applications and approve them based on project essentials: team commitment, project appeal and goal achievement potential.
How much information do I need to provide on the application?
Provide as much as much as possible. It is easier to assess project potential if you answer each question specifically and explain why you posses the tools to run a successful crowdfunding project. Projects must be able to appeal to a broader audience and have the potential to become viral on social media. In your application, explain how your group is unique and what you would do with the funds that you raise.
What is an appropriate funding goal for projects?
Launch UMD recommends a fundraising goal of between $2,500 and $8,000. We will consider each project's goal on a case-by-case basis.
What kinds of projects can be submitted?
Anyone on campus can apply to Launch UMD, provided that they are either officially affiliated with an academic unit or recognized as a student group by Student Affairs. Launch welcomes applications from faculty, staff and student teams with at least six members. The best crowdfunding projects have a specific deadline that creates a sense of urgency to encourage donations during the 30 day period during which a project is live. If you unsure about whether or not your project is suitable for Launch, please email firstname.lastname@example.org.
Absolutely. LaunchUMD utilizes a technology called Cybersource that is PCI Level 1-compliant. When making a gift on Launch you will be redirected to cybersource.com with Secure Sockets Layer (SSL) software, which encrypts all of the information you inupt to securely process payments.
Contributions to Launch projects support specific areas of the University of Maryland and are tax-deductible as allowed by law.
No. All gifts to LaunchUMD projects should be submitted online, unless you are able to make arrangements with the project leaders.