Kickstarter On Track To Distribute More Funding Than The National Endowment For The Arts!

Fundraising website Kickstarter is on track to beat the National Endowment for the Arts in funding, Talking Points Memo reports.

In an exclusive interview with TPM, one of the web startup’s co-founders, Yancey Strickler, said the company expects to distribute $150 million to its users’ projects by the end of the 2012 fiscal year, edging out the NEA’s $146 million budget.

Kickstarter has been around since 2008, distributing funds for projects in a variety of creative areasincluding art, comics, technology and theater. The way it works is community based — users pitch their projects, and anyone on the internet can donate money to fund them. The NEA is an independent federal government agency that has been around since 1965, awarding grants to the arts, from dance and design to music and theater.

While NEA funding calls are made by a council and the NEA chairman (Rocco Landesman), and typically don’t exceed $100,000, Kickstarter’s grassroots model is limitless. Some projects have raised mind-boggling amounts of money, such as this Elevation Dock for the iPhone, which was one of three projects to exceed $1 million, raising close to $1.5 million on Monday.

In general, Kickstarter projects follow a looser definition than the NEA’s, described as “creative” projects rather than solely artistic ones. The NEA’s recent grantees include Magic City Smooth Jazz, supporting their Jazz in the Park series, and the Puppetry Arts Theater, Inc. in Brooklyn, NY, to support a production of a new musical, “Antropomorphic” (see a list of recent grant recipients here), and are often meant to promote arts education as much as specific projects.

Strickler added that the company views the implication of the $150 million number “in both a good and a bad way.”

“Maybe there’s a reason for the state to strongly support the arts,” Strickler told TPM.

Whatever Strickler’s reservations, this can’t be anything but good news. There’s no reason the two worlds shouldn’t coexist — the more underground Kickstarter projects, and the more traditional NEA grants — when all it means is more funding for the arts. The only way it could be viewed in a negative light is if someone used this news to bolster an argument for cuts in federal arts funding. Bizarre, but entirely possible.


About Steve King

iPeopleFINANCE™ Chief Operating Officer. Former CEO of Endymion Systems, Inc. a $36m Information Systems Services company. Co-founder of the Cambridge Systems Group, the creator of ACF2, the leading IBM Mainframe Data Center Security product; acquired by Computer Associates. IBM, seeCommerce, marchFIRST, Connectandsell alumni. UC Berkeley alumni. View all posts by Steve King

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: