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James Franco seeks $500,000 in crowd-funding

Photo credit: Palo Alto Stories

Photo credit: Palo Alto Stories

NEW YORK (AP) - Following crowd-funding campaigns from "Veronica Mars" and Zach Braff, James Franco is seeking to raise $500,000 to bankroll a trilogy of movies.

Franco on Monday night started a campaign on IndieGogo, a crowd-funding site that allows people to keep the money they raise even if the project doesn't come to fruition. Franco isn't trying to direct the films; he is raising money so that a collection of young filmmakers can adapt his 2011 short story collection, "Palo Alto."

Franco pledges to donate any profits from the films to Art of Elysium, a nonprofit that encourages entertainers to visit children with serious medical conditions.

Levels of contribution range from $10 for a copy of the screenplays to $10,000, which gets dinner with Franco and an executive producer credit.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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