I was unable to post an update about my fundraiser because my domain name expired -- and because of a catch-22, I couldn't renew it until 19 days passed and google released it to a third party. Very irritating and a waste of everyone's time -- but mostly mine.
The good news is that my project is fully funded -- and then some. The extra money will be pushed forward into the next phase of the project (more about this below). My full project budget that was approved by USA Projects was for $14,000 in expenses. The fundraising process involved a lot of stress. If the project raised less than $8,000, then USA Projects would have kept all the money that had been donated. That fact really lit a fire under me. I did not want anyone to think that they were donating to my project only to have their money go somewhere else. I was incredibly relieved when we passed the $8,000. mark. This meant that I would receive the money donated -- and it is the minimum amount that I needed to get this project going. However, the bad thing is that USA Projects, at that point, placed a "THIS PROJECT IS FUNDED!!" message across my fundraising page -- even though the budget I gave them states that the project's full budget is $14,000. As could be predicted, donations have really slowed down after they put that message on there.
As readers of this blog may know, the project that I'm trying to fund is something of a memorial to my great-great-great-great grandfather, who died at sea. The sculptural part of the memorial will be a rowboat that I will cover with handwritten text concerning economics. And since I reached the minimum, I've started burning the text onto the wood that I'm going to use to build the boat (images of the progress can be seen below). The waves of text are starting to coalesce and give a sense of what the boat is going to look like. The idea is becoming a real thing.
The $14,000 will cover all expenses associated with building the boat as well as the expenses associated with a first on-water performance, in which I will drift on Buzzards Bay while reading aloud from Adam Smith's seminal book about capitalism, the Wealth of Nations. I am incredibly grateful to all those who have emailed me with support as well as those who have offered financial assistance.
The next major phase of the project will be to go to the spot that my great-great-great-great grandfather's body was found and to row back to my family's home town. USA Projects is keeping my fundraising page open until the end of the month so that I can raise additional money for that phase. So anyone who is still interested in helping or in getting a print, there's still time.
Donors to the project can choose from several framed prints as a thank you. If you're interested in seeing images of the prints, please visit my fundraising page: http://www.usaprojects.org/project/the_conventional_wisdom
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In 1827, my great-great-great-great grandfather froze to death in a rowboat on Buzzards Bay. I'm preparing to go to the spot where he was found and then row the 25 miles back to my family's home town.