How does the Art Auction work?
All art items will be put up for a silent auction bid and then put into a live auction. If the $ amount of silent auction bid isn't exceeded by the regular auction then the silent auction bid gets it. If exceeded the auction bidder does. Silent auction bidders will have to designate a person to pick up the item at the end of the fundraiser (and to allocate the votes) to receive it or agree to pick up at a predesignated time/location after the fundraiser is over (and predesignate the votes or have them added to the general funding pool).
What is the art fundraiser?
The Alchemy Art Fundraiser is a combination of a physical event and subsequent online fundraiser that is designed to gather funds for artists to bring their creations to Alchemy. Rather than having a panel of people decide what art should be funded for the burn, we let the community decide!
How does the Online Fundraiser work?
Once the Art Fundraiser Event is over and all the money is tallied up, the Online Fundraiser will run for a week. This will give artists a final chance to get the funding they need. Each dollar spend is allocated to the Fundraiser Artists. Unlike the Event, there is no swag or art to purchase. Money is just directly donated and allocated.
When/Where is the Art Fundraiser Event and Online Fundraiser?
The Art Fundraiser event is Saturday, July 31, 2021, from 4:00 pm - 8:00 pm at 2889 Alexander St. Smyrna, GA 30080. The Online Fundraiser will begin on or before August 4th and end on August 8th.
How can I help?
We need Art Donations and Volunteers! Please, email artfundraiser@alchemyburn.com to get specific details about how to donate or volunteer shifts.
How does funding the Fundraiser Artists work?
Funding comes from two places. One is the fund boosting pool provided by the Org. The other source is YOU, the community. When you donate money, each dollar you spend you then allocate (vote) them to the Fundraiser Artist(s). That Artist gets that donation, plus a percentage of the fund boosting pool, based on the number of dollars (votes) that were allocated by the community. If you would like to learn more about fund boosting, please view the Artist FAQ here.
What happens once a project is funded?
Artists has a few additional paperwork steps and then they get the money! They will then spend the following weeks preparing their projects to bring to the burn.
What happens if a project is not funded?
If a project does not meet its minimum budget between allocated funds (between the event and online fundraiser) and their percentage of the fund boosting pool, the money from both sources is then put back into the fund boosting pool and divided between the funded projects. While this means that every dollar might not end up with the artist that it was allocated to, it ensures that the community as a whole is deciding which art projects get funded.