Frequently Asked Questions

General

What is Hatchfund?

Hatchfund is a program created by AIM, a nonprofit social enterprise that promotes technology to empower people, enhance organizations and create brilliant communities. Since 1992, AIM has served over 8 million job seekers, enrolled 100,000 secondary and post-secondary students in education initiatives, provided training to over 25,000 individuals and delivered $85.2 million of services through grants and sponsorships. Hatchfund hosts an online community where artists can post projects for funding and connect with those who love and support artists.  

At Hatchfund, our goal is to help artists successfully navigate the challenging world of online fundraising for their projects. Our expert team provides educational services, from fundraising 101 to case studies and best practices to project development and outreach support. A total of 75% of all artists who have turned to Hatchfund have succeeded in funding their projects. Hatchfund offers a patent-pending matching fund program, the only one of its kind, which encourages and leverages contributions to help artists succeed faster. All donations are tax deductible because they simultaneously support artists’ projects and the nonprofit mission of AIM | Hatchfund: to invest in America's finest artists and to illuminate the value of artists to society.

What makes Hatchfund different than other crowd funding sites?

Hatchfund, powered by AIM, is a charitable organization that hosts an online creative community focused on outstanding artists in America. We collaborate with artists throughout their fundraising campaigns. An artist is likely to raise more money for their project here than on similar sites.

- Hatchfund is open to artists who have been recognized for the caliber and impact of their work by receiving an award, grant, fellowship or residency. Participating artists have been vetted by Hatchfund and other esteemed organizations across the country.

- A total of 75% of all projects successfully fund. This compares to success rates of 45% or less at similar sites. Our experts help artists succeed with project development, fundraising, outreach training, and personal support.

- Match Funds help artists succeed faster. Fundraisers actively seek donations for these funds. Every project is eligible to receive Match Funds (if funds are available), which encourage and leverage new contributions.

- All donations are tax deductible. Supporters get an immediate tax deduction, which creates an incentive for giving.   

What is a Match Fund?

Match Funds are a direct contribution to an artist’s fundraising project. We created this gift program because matching funds encourage and maximize contributions by offering direct and matching grant challenges from individuals, groups, corporations, and foundations.

All Match Funds are unique depending on the donor’s intent. There are different types, such as geographic- or discipline-specific funds. When the match guidelines are met, these funds become automatically available to an artist’s project in real time. This helps artists succeed and reach their goal faster.

What is the success rate?

More than 700 artists have posted projects that have raised over $6.8 million from more than 40,000 individual donors. A total of 75% of all projects were fully funded (compared to similar platforms that have about 40% project success rate, on average). Hatchfund continues to add projects by nationally recognized artists to the site daily. We believe that you should hear about the impact of Hatchfund projects directly from artists. You can find their stories here.

Can visitors get involved in Hatchfund without donating money?

Yes! We welcome everyone to become a member of our community. All visitors are invited to sign up, create profile pages, and find and follow projects and artists of interest to them. Members can also link to their own pages on Facebook and share projects and artist profiles with friends to help spread the word.

Explore projects. Meet artists. Get inspired. If you're here, chances are you sense the incredible contributions that art makes to our lives. Hatchfund celebrates the fearless impulse that compels every great artist to create and inspire us to think; we hope that they will inspire you too.

Who are Hatchfund's Partners?

Our partners are premiere arts organizations throughout the nation that recognize, support, and award outstanding artistic achievements. Among our list of partner organizations are: Creative Capital, Austin Film Society, National Performance Network (NPN), National Association of Latino Arts and Culture (NALAC), Penland School of Crafts, California Community Foundation, and Film Independent. A complete list can be found here.

How are artists on Hatchfund chosen?

The artists seeking funding on Hatchfund are all nationally recognized for the caliber and impact of their work. Featured artists have been screened and are either USA Fellows or recipients of awards from a growing list of distinguished arts organizations across the country. Official partner organizations include: Creative Capital; National Performance Network (NPN); National Association of Latino Arts and Culture (NALAC); Penland School of Crafts; Pollack-Krasner Foundation; and California Community Foundation. A complete list of qualifying organizations, along with artist eligibility requirements and a brief application, are posted online.

What types of artists and projects are featured?

Hatchfund spotlights new creative efforts by accomplished artists across the country in the visual arts, architecture and design, media, music, dance, literature, theater arts, and crafts and traditional arts.

Among funded projects, Philadelphia photographer Zoe Strauss raised over $5,000 for On the Beach, a photo series documenting the people and places affected by the Gulf Oil Spill. Los Angeles furniture designer Tanya Aguiñiga raised more than $8,000 to launch the Artists Helping Artisans collaboration in Chiapas, Mexico, whose craft traditions are at risk. New York filmmaker Thomas Allen Harris raised $11,500 to complete his documentary connecting the Black civil rights movement with the gay and lesbian marriage equality movement.

What does AIM stand for and what is your Federal Tax ID?

Thank you for your interest in Hatchfund and AIM.

Legal Name: Applied Information Management Institute
Federal Tax ID: 47-0749200

AIM Hatchfund
1905 Harney St Ste 700
Omaha, NE 68102-2367

We also have our annual form 990 and IRS determination letter available upon request.


Questions?
Call 877-893-0587

Email support@hatchfund.org
 

Projects

How are artists on Hatchfund chosen?

The artists seeking funding on Hatchfund are recognized for the caliber and impact of their work. Featured artists are recipients of awards from a growing list of more than 200 distinguished local, regional and national arts organizations across the country. A complete list of qualifying organizations, along with artist eligibility requirements and a brief application, are posted here

What types of artists and projects are featured?

Hatchfund spotlights new creative efforts by accomplished artists across the country in the architecture and design, crafts and traditional arts, dance, literature, media, music, theater, and visual arts.

Among recently funded projects, Philadelphia photographer Zoe Strauss raised over $5,000 for On the Beach, a photo series documenting the people and places affected by the Gulf Oil Spill. Los Angeles furniture designer Tanya Aguiñiga raised more than $8,000 to launch the Artists Helping Artisans collaboration with artisans in Chiapas, Mexico, whose craft traditions are at risk. Austin filmmaker Andrew Bujalski raised over $50,000 for Computer Chess, a feature film about chess players and computer programmers in the 1980s. Cartoonist Jim Woodring created a giant seven-foot ink pen and penholder—the world’s largest—that he used for public display and demonstration.

Who are the experts that review and approve projects?

All artist projects are vetted and approved by Hatchfund programming staff. Projects are reviewed for viability and appropriateness of the scale of the project.

Signing up

What is my profile and how do I find it?

Every user has a profile on Hatchfund. It’s the place where other users, artists, organizations and the like can learn a little bit more about you. Your profile can include as much or as little information about you as you’d like.

1.     Login (or Sign Up)
2.     Click on “Sign In” located at the top right of every page. If you’re already signed in , you’ll see “Sign Out” instead.
3.     Complete and submit the form as appropriate, either signing in directly or using Facebook Connect. (If you haven’t created an account yet, click “Sign Up” and follow the on-screen instructions.)
4.     Once you’re signed in, the “My Dashboard” link will appear at the top of every page.

How do I upload an image and description for my profile?

To edit your profile:
1. Click on "My Dashboard."

2. Click "Profile."

To add your photo:
1. Under "Primary Image", click "Select From Media Library."

2. Select a photo to upload, then click "Upload."

3. Select the photo you just uploaded from your Media Library.

4. Click "Submit" at the bottom of the page.

To access your bio:
There are two places here where you can share information about yourself:

1. Short description:
This will appear in search results and when browsing the community.  Maximum of 140 characters allowed.

2. Full bio:
Enter your full bio, or anything else you'd like to add about yourself. This is the text that appears on your Profile.

Click "Submit" at the bottom of the page to save your changes.

Discipline(s).
Select as many disciplines as you'd like to so we and other users can better know what you're interested in. We'll try to keep you posted with updates that match your interests.

Can I add my Social Media to my profile?

Feel free to enter links to other online efforts that you’re involved in. Link to your blog or website, your Facebook profile, etc.
 
1.     Enter a title for the link, i.e. “My Website.”
2.     Enter the full web address, i.e. “http//www.mywebsite.com”
3.     Click “Add.”

When you’re done, make sure to click “Submit” to save your changes.
Every user has a profile on Hatchfund. It’s the place where other users, artists, organizations and the like can learn a little bit more about you. Your profile can include as much or as little information about you as you’d like.

How do I control what kind of emails I receive from Hatchfund?

You can easily determine when and how you get email notifications from Hatchfund.
 
Sign in, and go to “My dashboard.”
 
Go to “Preferences” on the left hand menu.
 
The first option – “Email Notification Enabled” – is the big switch which turns on or off all email notices (except stuff we have to send, like receipts for your donations).
 
Make sure to click “Submit” when you’re done making changes so your preferences are saved.

I am an artist. How do I enroll?

We invite all artists, who have been recognized for the caliber and impact of their work by receiving an award, grant, fellowship or residency, to enroll here. There's a short form to fill out that lets us know how you qualify. It's easy and quick.

Donations

How do I donate to a project?

1. Click the "Donate" button on the project page you'd like to support

2. Login to your account or if you are a new user click "Sign Up" (Optional)

3. Type in your Donation Amount and select Perks if you'd like

4. Enter your Billing Information

5. Your donation will be confirmed in 30-60 seconds 

Is this secure?

Yes! All transactions are processed securely through SSL and our payment partner, Wells Fargo.

When am I charged?

Your card will immediately be charged for the donation amount you specified.

What happens to my donation if a project doesn't reach its goal?

Donations to Hatchfund represent irrevocable gifts subject to the legal and fiduciary control of the organization’s Board of Directors. Subsequently, the donation will support all artists on Hatchfund through an established Match Fund.

*Less than 5% of all donations are made to unsuccessful projects.

Where do donations to Hatchfund go?

Donations support originality, imagination, and discovery at the moment of their creation. All donations to Hatchfund are tax deductible because they simultaneously support artist’s projects and the non-profit mission of Hatchfund: to invest in America’s finest artists and to illuminate the value of artists to society.

Hatchfund is free for artists. To uphold this model, 5% is added to each donation to go towards supporting Hatchfund. Donors may also choose to donate a larger percentage if they wish. A 5% fee is added to credit card donations to cover the cost of processing. Every dollar of these donations is tax-deductible. In the event that the fees to Hatchfund are not added to your donation they will be deducted from the total donation.

Every donation is an invaluable contribution. If you are thinking of donating or have already done so, we thank you for your support and we applaud your commitment to artists. 

Are donations tax deductible?

Yes! All donations to Hatchfund are tax deductible to the full extent of the law. Donors receive an immediate email receipt acknowledging their donation.

Hatchfund, powered by AIM, is a charitable organization with IRS 501(c)(3) tax exemption status. Donations simultaneously support artists’ projects and the nonprofit mission of Hatchfund: to invest in America’s finest artists and to illuminate the value of artists to society.

Can I mail my donation or send a check instead?

If you're interested in contributing via check or wire, or don't want to donate online, please email us at donations@hatchfund.org. We will send you a form to fill out. It includes instructions and all the details you'll need.

What oversight role does Hatchfund provide for donors?

Congress and merchant banks alike have been expressing concerns about the potential for fraud with crowd funding websites that have become popular within the last few years. The risk of fraud is highest when the intermediary (the crowd funding host) does not screen and track the projects presented on their sites.

In contrast, Hatchfund operates with the fiscal accountability and transparency required to comply with IRS regulations for charitable status. We actively screen and track the projects presented.

Throughout an artist’s funding process, Hatchfund staff provides an oversight role. Only accomplished artists are eligible to post projects for funding. This helps meet the requirements for tax deductibility and it also increases donor confidence that funds donated will be used for the artistic purpose intended. Hatchfund also reviews every project proposal for completeness, appropriateness, and viability before being posted. Then, before Hatchfund provides grant funds for a successful artist project, it formally confirms with the artist their readiness and capacity to perform the work as described in their project description. During the course of the project, artists are required to provide periodic progress updates on the website to their donors that the Hatchfund team monitors. Finally, artists must submit a final report with detailed information about how their funds were used and the status of the project’s execution. These reports are monitored and reviewed to ensure the grant agreement is appropriately completed.

How will I get my perks?

The artist will send any perk(s) you selected after the project is funded, and will reach out if he/she needs any details from you. Make sure you supply your address when prompted if there is something that will be shipped directly to you.

What is Hatchfund's address for tax purposes?

Use the following address when claiming a deduction for a donation to Hatchfund:

AIM Hatchfund
1905 Harney St Ste 700
Omaha, NE 68102-2367

We also have our annual form 990 and IRS determination letter available upon request.


Thank you for your support of Hatchfund artists!

Questions?
Call 877-893-0587

Email support@hatchfund.org



 
Questions? Call: 877-893-0587