New Financing Instruments for the Non-Profit Sector : Challenge of Social Crowdfunding
Universitat de València
Purpose: To explain how the economic crisis in Spain has especially made known the financial weakness of the non-profit sector, traditionally dependent on public support. Depletion of public funds, recess in private donations and increased reticence of financial resources by traditional banking put the sector in the dilemma of progressive deterioration as economic and social force. Description: In this context, the Spanish non-profit sector has been driven to explore new forms of financing, giving a fresh look to its origin itself, to its social base: citizenship. Point of view: It is noteworthy that citizenship, in this century, is immersed in a new technological paradigm: the digital paradigm, which became the major instrument of a new form of social solidarity. Conclusions: One of the leading exponents of the new social solidarity is crowdfunding, whose analysis and potentials are dealt with in this work.
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