The campaign is starting in conjunction with the 20th anniversary of Kids. Caroline Rothstein began working on the documentary two years ago by writing a retrospective about what happened to the children from Kids.
"We've spent the last two years in pre-production gathering never-before-seen archival footage and photographs, home videos, casting footage and more - an incredible trove of footage that captures the kids from Kids," she said.
The funds will be used to digitise archival footage, film the next round of interviews and edit a rough cut. Kids star Hamilton Harris will direct and produce along with Rothstein, Peter Bici and Jessica Forsyth.
Kids was written by Harmony Korine, when he was 19, and directed by Larry Clark. It marked the feature film debuts of Chloe Sevigny, Leo Fitzpatrick, Justin Pierce, Rosario Dawson and Jon Abrahams, and centred on a day in the life of a group of sexually active teenagers in New York City.
According to the New York Times, while some of the young actors went on to have successful acting careers - others committed suicide or died of a drug overdose.
Kids was a strong performer at the box office, grossing US$20 million on a budget of $1.5 million.
Premiums in the campaign include $2,500 for a day on the set and $10,000 for an associate producer credit.
Watch the original Movie Show review:
Watch the Movie Show interview with Kids director Larry Clark: