Thanks for such an open and honest report. Not surprised the recent downturn in asset markets (esp. crypto) has hurt funding abilities.
Could there be some merit in planning ahead for the next few years, in terms of getting donation pledges contingent on certain assets recovering? For example, crypto investors at this point are expecting a long, frustrating year or two of sideways price action before the next bull run—which is when some very large fortunes might be made.
This might be a good time to build relationships with the people most likely to be able to make large donations in the 2-4 year time span, but who might not have much cash on hand at the moment.
In other words, consider the strongly cyclical nature of some of these more speculative assets, and plan donation and grant strategy accordingly.
Thanks for such an open and honest report. Not surprised the recent downturn in asset markets (esp. crypto) has hurt funding abilities.
Could there be some merit in planning ahead for the next few years, in terms of getting donation pledges contingent on certain assets recovering? For example, crypto investors at this point are expecting a long, frustrating year or two of sideways price action before the next bull run—which is when some very large fortunes might be made.
This might be a good time to build relationships with the people most likely to be able to make large donations in the 2-4 year time span, but who might not have much cash on hand at the moment.
In other words, consider the strongly cyclical nature of some of these more speculative assets, and plan donation and grant strategy accordingly.