RCF01 - Organization Funding - Rari Governance Forums

RCF01 - Organization Funding

JackLipstone

Summary:
This proposal aims to determine the organization that will receive this month’s grant from the RCF. The top vote recipient will receive the balance of the fund.

Background:
The Rari Capital Foundation contains funds that we can send to US based 501(c)(3) organizations. This month we had $17K in the Rari Capital Foundation from our donation in November 2020, and will be adding an additional 0.083% of treasury RGT on July 1st 2021.

You can learn more about Endaoment’s Community Funds here: Endaoment Documentation.

Abstract:
This proposal aims to determine which organization will receive the balance of the RCF this month. Organizations were added to the list below by Rari core contributors.

To nominate other organizations, comment with the Endaoment link for an organization and a short blurb about why the RCF should support them. Organizations with at least 3 upvotes will be included in the final Snapshot vote ranked by upvotes, with no more than 10 organizations total.

Motivation:
To determine where to send funds that have already been donated to the Rari Capital Foundation which is held at Endaoment.

Options:
CC DECIDE: She256
CC DECIDE: CarbonFund.org Foundation, Inc.
CC DECIDE: Cancer Research Institute, Inc.
TBN: Option_4
TBN: Option_5
TBN: Option_6
TBN: Option_7
TBN: Option_8
TBN: Option_9
TBN: Option_10

Osprey

One organization I would recommend would be EFF .

"EFF champions user privacy, free expression, and innovation through impact litigation, policy analysis, grassroots activism, and technology development."

See their Charity Navigator page here for audits of the organization and their deployment of funds.

zach_endaoment

Osprey We've worked with the EFF before and they are all set up to receive grants on the Endaoment platform - really great organization: https://app.endaoment.org/orgs/043091431

If anyone reading this wants to search for other organizations, you can do that here: https://app.endaoment.org/orgs

jai

This is a wonderful initiative to see. I'd consider trickling this capital instead of it being one large donation.

As for organizations, I'd personally like to see: Reignite Hope. I've volunteered with them in the past and they help individuals gain welding experience to then find jobs. They've trained hundreds of people for jobs who may have had the opportunity otherwise. Here's a link: https://app.endaoment.org/orgs/813244816

rheeger

jai Good idea. We'd want to make sure we were processing the liquidation in a gas-conscious way. Open to doing a weekly trickle that would make the liquidations of the donation into USDC of a reasonable size. Either via API endpoint or manual donation we could support this kind of cadence.

And Reignite Hope looks fantastic! I second the nomination.

JackLipstone

As mentioned on RCF00, I propose to modify this proposal to the following:

Rather than contributing out of the RGT treasury, we organize grants from the smart treasury at the same rate. We are fortunate to be in a position where the current Endaoment fund has over $17,000, which allows us to bootstraps grants for the next several months. This will allow the protocol to continue giving at a solid rate, while not being prohibited in its growth stages.

In order to extend the balance of the existing Endaoment fund, I propose we cap this month and the next additional 2 months to only draw 5k from the balance of the fund in addition to the gift from the smart treasury. This will allow us to start with minimal resources and expand as the protocol becomes more developed, while utilizing the resources we set aside in November of 2020 for donations.

john1663

I'd like to nominate the Khan Academy

https://app.endaoment.org/orgs/261544963

Khan Academy’s mission is to provide a free, world-class education for anyone, anywhere. Through our free technology and content, we’ve opened up access to first-rate education at a scale that was never before possible. By engaging students to gain mastery over material at their own pace and empowering the teachers that support them, we are accelerating measurable education outcomes both inside and outside the classroom.

Charity Navigator score of 96.66
https://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=17026

WellFargoScammedMe

Why are we focusing on Endaoment while we have a psuedo-debt to hacked loss and also Fuse is still permissioned with several unlaunched products. I feel like the Endaoment is something that should be on the back burner especially considering still no value give back on RGT token

I will be voting no on both RCF 00 and RCF 01. While these are noble pursuits and should be proposed in the future 2 years maybe? There are much much more pressing issues at hand, one of which is that the team needs more incentive considering their loss on the hack. We also should be considering that if we are going into a bear market, we need to be as lean as possible. We cannot afford to be doing donations and expensing on things that do not provide immediate value back.

Rari Capital is simply not ready. The donation pillar of the founding principles MUST be pushed back to strengthen the protocol.