Crowdfunding in the museum context:
Exploring alternative approaches to financial support Cover Image

Crowdfunding in the museum context: Exploring alternative approaches to financial support
Crowdfunding in the museum context: Exploring alternative approaches to financial support

Author(s): Marta Najda-Janoszka, Magdalena Sawczuk
Subject(s): Museology & Heritage Studies, Financial Markets, Socio-Economic Research
Published by: Uniwersytet Ekonomiczny w Krakowie
Keywords: crowdfunding; financing; museum; social media; digital;

Summary/Abstract: Objective: The objective of the article is to investigate the applicability of crowdfunding in the museum con- text, addressing the limited research available in this area. By focusing on museums in Poland, known for their cultural diversity, the objective was to examine how crowdfunding can provide financial support, enhance museum visibility, and foster community engagement.Research Design & Methods: Using an exploratory qualitative approach, we analysed digital data from 28 Polish museum crowdfunding projects collected between May and July 2023. We examined structural choices, social communication strategies, and goal achievement using online promotional channels. This analysis followed pre- defined research questions and a theory-driven coding method with consensus coding by two researchers. Findings: Our research highlights crowdfunding’s potential in addressing museums’ financial challenges, and offering tailored support, especially for smaller institutions. It also identifies cases of campaigns falling short of funding goals due to inadequate promotion and donor communication. Reward-based crowdfund- ing consistently outperforms donation-based models, strengthening audience connections and cultural heritage dissemination in the museum context.Implications & Recommendations: This study underscores crowdfunding as a financial solution for muse- ums, emphasizing the need for digital literacy and employee training. Variations in communication strat- egies among museums highlight the importance of strategic planning. Crowdfunding can enhance financial stability, audience connections, and societal impact when aligned with other financial measures, making it a viable strategy for museums.Contribution & Value Added: This research contributes to the existing body of knowledge on innovative fund- raising, engagement, and museum management. It bridges the gap in research regarding crowdfunding in museums. The study’s value lies in its comprehensive understanding of how crowdfunding can be applied across various facets of museum operations, providing museums with valuable insights for financial support, audience engagement, and enhancing their societal impact.

  • Issue Year: 12/2024
  • Issue No: 3
  • Page Range: 83-97
  • Page Count: 15
  • Language: English
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