Sorry if I missed this in other comments, but one question I have is if there are ways for small donors to support projects or individuals in the short term who have been thrown into uncertainty by the FTX collapse (such as people who were planning on the assumption that they would be receiving a regrant). I suppose it would be possible to donate to Nonlinear’s emergency funding pot, or just to something like the EAIF / LTFF / SFF.
But I’m imagining that a major bottleneck on supporting these affected projects is just having capacity to evaluate them all. So I wonder about some kind of initiative where affected projects can choose to put some details on a public register/spreadsheet (e.g. a description of the project, how they’ve been affected, what amount of funding they’re looking for, contact details). Then small donors can look through the register and evaluate projects which fit their areas of interest / experience, and reach out to them individually. It could be a living spreadsheet where entries are updated if their plans change or they receive funding. And maybe there could be some way for donors to coordinate around funding particular projects that they individually each donor couldn’t afford to fund, and which wouldn’t run without some threshold amount. E.g. donors themselves could flag that they’d consider pitching in on some project if others were also interested.
A more sophisticated version of this could involve small donors putting donations into some kind of escrow managed by a trusted party that donates on people’s behalf, and that trusted party shares donors on information about projects affected by FTX. That would help maintain some privacy / anonymity if some projects would prefer that, but at administrative cost. I’d guess this idea is too much work given the time-sensitivity of everything.
An 80-20 version is just to set up a form similar to Nonlinear’s, but which feeds into a database which everyone can see, for projects happy to publicly share that they are seeking shortish-term funding to stay afloat / make good on their plans. Then small donors can reach out at their discretion. If this worked, then it might be a way to help ‘funge’ not just the money but also the time of grant evaluators at grantmaking orgs (and similar) which is spent evaluating small projects. It could also be a chance to support projects that you feel especially strongly about (and suspect that major grant evaluators won’t share your level of interest).
I’m not sure how to feel about this idea overall. In particular, I feel misgivings about the public and uncoordinated nature of the whole thing, and also about the fact that typically it’s a better division of labour for small donors to follow the recommendations of experienced grant investigators/evaluators. Decisions about who to fund, especially in times like these, are often very difficult and sensitive, and I worry about weird dynamics if they’re made public.
Curious about people’s thoughts, and I’d be happy to make this a shortform or post in the effective giving sub-forum if that seems useful.
Sorry if I missed this in other comments, but one question I have is if there are ways for small donors to support projects or individuals in the short term who have been thrown into uncertainty by the FTX collapse (such as people who were planning on the assumption that they would be receiving a regrant). I suppose it would be possible to donate to Nonlinear’s emergency funding pot, or just to something like the EAIF / LTFF / SFF.
But I’m imagining that a major bottleneck on supporting these affected projects is just having capacity to evaluate them all. So I wonder about some kind of initiative where affected projects can choose to put some details on a public register/spreadsheet (e.g. a description of the project, how they’ve been affected, what amount of funding they’re looking for, contact details). Then small donors can look through the register and evaluate projects which fit their areas of interest / experience, and reach out to them individually. It could be a living spreadsheet where entries are updated if their plans change or they receive funding. And maybe there could be some way for donors to coordinate around funding particular projects that they individually each donor couldn’t afford to fund, and which wouldn’t run without some threshold amount. E.g. donors themselves could flag that they’d consider pitching in on some project if others were also interested.
A more sophisticated version of this could involve small donors putting donations into some kind of escrow managed by a trusted party that donates on people’s behalf, and that trusted party shares donors on information about projects affected by FTX. That would help maintain some privacy / anonymity if some projects would prefer that, but at administrative cost. I’d guess this idea is too much work given the time-sensitivity of everything.
An 80-20 version is just to set up a form similar to Nonlinear’s, but which feeds into a database which everyone can see, for projects happy to publicly share that they are seeking shortish-term funding to stay afloat / make good on their plans. Then small donors can reach out at their discretion. If this worked, then it might be a way to help ‘funge’ not just the money but also the time of grant evaluators at grantmaking orgs (and similar) which is spent evaluating small projects. It could also be a chance to support projects that you feel especially strongly about (and suspect that major grant evaluators won’t share your level of interest).
I’m not sure how to feel about this idea overall. In particular, I feel misgivings about the public and uncoordinated nature of the whole thing, and also about the fact that typically it’s a better division of labour for small donors to follow the recommendations of experienced grant investigators/evaluators. Decisions about who to fund, especially in times like these, are often very difficult and sensitive, and I worry about weird dynamics if they’re made public.
Curious about people’s thoughts, and I’d be happy to make this a shortform or post in the effective giving sub-forum if that seems useful.
I think is a good idea and would encourage you to post it on the sub forum