We had promised to monitor and report back on potential cannibalization of donations from other cause areas. Here’s a brief update after we made our initial set of grants from donations raised in Q1:
As of April 30, 2024, we have raised approximately €287.000 for our Democracy fund
Of this amount, we expect the fund to have, on balance, “cannibalized” approx. €21.000 away from other cause areas.
That’s just below 1% of the amount we have raised for all other grantees through new donations, i.e. the effect is limited.
We had promised to monitor and report back on potential cannibalization of donations from other cause areas. Here’s a brief update after we made our initial set of grants from donations raised in Q1:
As of April 30, 2024, we have raised approximately €287.000 for our Democracy fund
Of this amount, we expect the fund to have, on balance, “cannibalized” approx. €21.000 away from other cause areas.
That’s just below 1% of the amount we have raised for all other grantees through new donations, i.e. the effect is limited.
Hey Sebastian! Very curious how you calculated that amount?