Categories: Market News Date: May 17, 2011 Title: Request for Proposals: Crescent Fund
Twice yearly, the Crescent Fund entertains proposals to fund projects that benefit vendors, shoppers and/or the community. We have created a pool of funds for social investment at the Crescent City Farmers Market. The Crescent Fund will disperse cash investments each quarter for up to $500. These cash infusions will be returned to the Market after six-months through time, talent or treasure.
Once you purchase our wooden tokens — The Crescent — you become an investor in the Crescent Fund. The Crescent Fund is a pool of money raised by the market community, used for social investment in the Market community. The funds are gathered at the Crescent City Farmers Market through contributions from both shoppers and vendors. Shoppers who purchase market tokens with credit/debit cards and checks are invited to contribute $1 to the Crescent Fund in addition to the $1 fee that is charged for handling the currency. Vendors are invited to invest a percentage of their Market earnings to the Fund. With three Markets a week, rain or shine, the contributions add up to create a significant pool of money.
Anyone can apply for a cash infusion from the Crescent Fund by completing an application form. Projects fall into two categories: (for-profit) public market vendors and (non-profit) community efforts. Vendors must vend at a public market in the Greater New Orleans region. For community projects, we are specifically interested in ones that connect in some way to the work and/or values of public markets. The Market community selects proposals through a democratic vote at the market and online during posted voting periods. Each season, the Crescent Fund awards two cash infusions of $500 each. After six-months, the funds are returned to the market through time, talent or treasure. Those who receive cash infusions will also be asked to share their results with marketumbrella.org and the Crescent Fund investors.
request for proposals: April 25, 2011
application deadline: June 3, 2011
voting online: June 6, 2011
voting at Market: June 7th, 9,th and 11th, 2011
cash infusion announced: June 13, 2011