I like this idea. The only potential problem is that the more people you add to the fund, the more they need to reach consensus on where to donate.
That’s true, though you could also give one individual more authority than the others—e.g., have the others function as advisers, but give the current manager the last word. This is already presumably going to happen informally, since no one makes their decisions in a vacuum; but formalizing it might diffuse perceived responsibility a bit. It might also encourage diversification a bit.
That’s true, though you could also give one individual more authority than the others—e.g., have the others function as advisers, but give the current manager the last word. This is already presumably going to happen informally, since no one makes their decisions in a vacuum; but formalizing it might diffuse perceived responsibility a bit. It might also encourage diversification a bit.