Supported by USAID and the European Center for Not-for-Profit Law (ECNL), Trag Foundation, and Catalyst Balkans from Serbia conducted a series of research on crowdfunding practices during the last year. The organizations developed policy recommendations to address the gaps in giving at home and from the diaspora. Serbia has one domestic donation-based crowdfunding platform, Donacije.rs, launched with support from USAID. Available data show that 265,000 EUR was raised for projects from the country for just one year through global crowdfunding platforms. Although these amounts are not significant compared to the billions of dollars of the global crowdfunding market, donation-based crowdfunding in Serbia ensures access to funding to smaller, rural communities and supports less visible causes in “traditional” philanthropy. With clear and long-term impacts, this funding enables quick reaction during crises. Despite this, there are many uncertainties and obstacles for backers, campaign owners, and platforms. Read more here.
Source: Diplomacy and Commerce