Micro-Funding In The Arts – Low-Stakes, High-Impact Investment

“The Awesome Foundation was founded in 2009 in Boston by a guy named Tim Hwang. He came up with the simple formula of 10 people giving $100 each that is handed out as grants on a monthly basis. It went from the one chapter in Boston to four chapters to 12 chapters. Two years later, it’s at 30 chapters.”

Source: CityArts 03/12