FAQs about fundraising on Lifespan.io
We have compiled answers to some of the more common questions that researchers might have about fundraising on our platform.
Is Lifespan.io a non-profit or for-profit organization? What are its goals?
Lifespan.io is a project of the Lifespan Extension Advocacy Foundation non-profit organization, and it is a mission-driven crowdfunding platform dedicated solely to longevity research projects.
We believe that centralizing and enhancing such efforts will create a strong community of contributors and researchers who will help extend healthy human lifespans, both through direct funding and shifting public perception in favor of this important humanitarian goal. Check out our what we do page to learn more about us.
What is the all-or-nothing funding model?
All-or-nothing research projects must reach or surpass the funding goal within a set timeline before any funds change hands. If the project doesn’t reach its goal, no money is charged. This model incentivizes donors to contribute, as their funds will only be transferred if the project is likely to deliver on its research goals.
What is the flexible funding model?
Flexible research projects receive all pledged funds when the campaign ends, even without reaching the set goal. This may be useful for projects that can be successfully undertaken with any amount of funds but improved with more.
Is there overhead for the funds raised on Lifespan.io?
When funds are successfully raised, Lifespan.io takes a small percentage fee plus payment processing fees. You can find more information on pricing on the Pricing and Fees page.
When was Lifespan.io started?
Lifespan.io was launched in August 2015.
What are the evaluation criteria for potential Lifespan.io projects?
We currently review projects based on the following criteria:
- The researcher’s identity and affiliations are verifiable
- The project suitably involves either the mechanisms of aging or age-related diseases
- The research project is feasible with respect to goals, researcher resources, and funding goals
- The research project in general adheres to the NIH criteria and considerations for research project grants
As a project creator on Lifespan.io, your submitted project proposal must sufficiently meet these criteria. If you have any questions regarding your project proposal, contact us.
How can I improve my project campaign for the review process?
For tips on creating the best possible project campaign, please see our Researcher Guide.
Who is able to fund my project?
Anyone in the world is eligible to fund your project; all they need is a valid credit or debit card, Paypal, or bitcoin wallet.
What are the fees for hosting a project on Lifespan.io?
Launching a project campaign on Lifespan.io is free. After the project is completed with successfully raised funds, Lifespan.io takes a small fee based on the type of funding model used, plus payment processing fees. You can find more information on pricing on the Pricing and Fees page.
Does Lifespan.io own any of the intellectual property?
Researchers retain 100% ownership of their project and its results when posting on Lifespan.io. If you work for a university or institution, the intellectual property you generate follows your institution’s standard procedure.
How does public disclosure work in regards to my project? What if I fear being scooped?
While we at Lifespan.io are supporters of the open source movement and encourage keeping your contributors informed with updates, we realize that public disclosure may be a concern for you or your institution. The more information you share about your project, the more potentially engaging it can be to contributors, but the final decision of what you post is up to you. If you decide to share data or other media intended for publishing, please be aware of any disclosure at your institution that may impact this choice. Lifespan.io is not responsible for the material you choose to disclose.
What happens if my project doesn’t succeed?
If the project does not meet the funding goal, then the project campaign ends and can no longer accept pledges. If your project is using the Flexible Funding model, pledged funds are still collected when the project campaign ends.
Am I obligated to fulfill contributor rewards for donor pledges?
Can I embed a widget elsewhere on the web so that others can discover my project?
Yes. From your project page, click on the < > icon in “share this campaign” to generate the widget code to embed on your site.
Who is your payment processor?
We use Stripe, Paypal, and Coinbase as our processors for all research project transactions. They are fully PCI compliant, and full credit card information is never stored on our servers. All card information is properly encrypted.
Do you allow international researchers?
Yes; researchers from all over the world are welcome to post projects on Lifespan.io.
Do you allow private companies to launch campaigns?
If the proposed project idea is suitably related to aging mechanisms or age-related disease, then yes.
Do I have to be a student or professor at a university?
No; as long as the proposed project meets our above criteria it is eligible for posting on Lifespan.io.
I have a citizen science project, can I use Lifespan.io?
Absolutely; as long as the proposed project meets our above criteria, we are happy to host citizen science projects.
What do I get for funding a project?
Although furthering longevity research is a reward unto itself, project creators can also offer a variety of specific rewards for pledging donations to their campaign. These can include early access to data, involvement in the project itself, and acknowledgement. The available rewards will be unique to each project as decided by the project creators.
Are the donations tax-deductible?
As we are a 501(c)(3) nonprofit organization and fiscally sponsor all projects on this site, your donations to Lifespan.io projects may qualify as a charitable deduction for federal income tax purposes. You will automatically receive a tax receipt for donations made to any Lifespan.io projects. Please consult your tax advisor regarding the information contained therein.
Can I get a refund?
How can I contact you?
To get in touch with us, please use this contact form.