“However participation costs $2,500 a year (as well as a 5% commission on donations). We feel that we do not have sufficient evidence to justify this expenditure. Among other things, Charity Science is not in a financial position to take punts which have a good chance of not paying off, even if in expectation they will have a large positive impact.”
feels like a shame to let a small financial barrier get in the way of a large positive impact...
If you did feel like there was a 7% or greater chance, I’d put in £100-£400 on this gamble if you were raising for amf and £100-£400 loss coverage if this was raising for charity science (I’d want a claim on the first £x equivalent to what I put in after recouperating costs) - but need to agree with my giving partner first.
“However participation costs $2,500 a year (as well as a 5% commission on donations). We feel that we do not have sufficient evidence to justify this expenditure. Among other things, Charity Science is not in a financial position to take punts which have a good chance of not paying off, even if in expectation they will have a large positive impact.”
feels like a shame to let a small financial barrier get in the way of a large positive impact...
If you did feel like there was a 7% or greater chance, I’d put in £100-£400 on this gamble if you were raising for amf and £100-£400 loss coverage if this was raising for charity science (I’d want a claim on the first £x equivalent to what I put in after recouperating costs) - but need to agree with my giving partner first.
Hi Tom, we’d love to take you up on that as we’ve decided that there is sufficient chance!