The gallery failed to get Arts Council funding last year and had to close temporarily.
But now it's inviting the public to pledge anything from five pounds to 800, in exchange for various rewards.
The funding will keep the gallery open and pay for two artists' residencies.
North Devon drug dealer jailed
He used an encrypted app to carry out his business
Investigation launched into glasses theft
More than 30 pairs have been taken
Controversial mega site for 700 Exmouth homes approved
Residents 'gutted'
Devon man jailed after knifepoint robbery
Ben Fone sentenced to four years
X Factor star to visit Torbay for suicide prevention
Luke Friend comes home to Devon
New urgent treatment centre opening in Plymouth
Up to 100 patients a day will be seen there
