prop 1+
7 Charities (in tx order):
GiveWell: 333.3 Eth GiveDirectly: 333.3 Eth Khan Academy: 222.2 Eth Internet Archive: 111.1 Eth Rainforest Foundation: 111.1 Eth Tor: 55.5 Eth Freedom of Press Foundation: 55.5 Eth
In a nod to the spirit of Prop 1, I've compiled a slightly expanded list based on similar reasoning (all the addresses are publicly available) but at much higher Eth amounts, very loosely proportional to the annual budgets of the respective beneficiaries. I'm open to parsing it out into separate props or adding others in the modify period if voters have granular perspectives, but the scale, in aggregate, is deliberate:
IMO it's a good fiduciary standard (just a personal sense, not a legal opinion) to maintain in Nouns that we prioritize distributing treasury funds in alignment with Nounish values while minimizing drain & supporting low friction exit rights (imo desirable & necessary for durable protocol security regardless of treasury size).
Though I previously explored other directions (eg sending eth to rounds multisig), I've settled on efficient charitable donations as the more holistic solution to bring on-chain. Distributing to a single custodian/pair could potentially have adverse regulatory (& ultimately tax) implications for the DAO which I am confident shouldn't be the case with this approach.
This prop also expresses my view that Nounish economic equilibrium means allocating a larger % of annual contributed funds to public goods. If irl entities with similar values are mandated to spend 5% of annual contributions/revenue on charitable purposes, its a perfect opportunity to demonstrate positive sum energy by 5-10xing that amount, of our own free will, and without the benefit of guaranteed tax incentives to do so. I hope we can use occasional near-term-impact grants like this as a grounding counterbalance to our (just as important) ambitious experimentation in expanding our reach. please consider supporting!
prop 1+
7 Charities (in tx order):
GiveWell: 333.3 Eth GiveDirectly: 333.3 Eth Khan Academy: 222.2 Eth Internet Archive: 111.1 Eth Rainforest Foundation: 111.1 Eth Tor: 55.5 Eth Freedom of Press Foundation: 55.5 Eth
In a nod to the spirit of Prop 1, I've compiled a slightly expanded list based on similar reasoning (all the addresses are publicly available) but at much higher Eth amounts, very loosely proportional to the annual budgets of the respective beneficiaries. I'm open to parsing it out into separate props or adding others in the modify period if voters have granular perspectives, but the scale, in aggregate, is deliberate:
IMO it's a good fiduciary standard (just a personal sense, not a legal opinion) to maintain in Nouns that we prioritize distributing treasury funds in alignment with Nounish values while minimizing drain & supporting low friction exit rights (imo desirable & necessary for durable protocol security regardless of treasury size).
Though I previously explored other directions (eg sending eth to rounds multisig), I've settled on efficient charitable donations as the more holistic solution to bring on-chain. Distributing to a single custodian/pair could potentially have adverse regulatory (& ultimately tax) implications for the DAO which I am confident shouldn't be the case with this approach.
This prop also expresses my view that Nounish economic equilibrium means allocating a larger % of annual contributed funds to public goods. If irl entities with similar values are mandated to spend 5% of annual contributions/revenue on charitable purposes, its a perfect opportunity to demonstrate positive sum energy by 5-10xing that amount, of our own free will, and without the benefit of guaranteed tax incentives to do so. I hope we can use occasional near-term-impact grants like this as a grounding counterbalance to our (just as important) ambitious experimentation in expanding our reach. please consider supporting!
