- Founding Principles and Objectives: The fund aims to facilitate collectively beneficial creative endeavors through providing basic funded safety nets for a community of motivated individuals, creating structures for resource allocation for individual and collective flourishing, and making shared investments networking, collaboration, education, assets, and tools for collective utility.
- Soliciting External Capital:
- Grants: Research and apply for grants that support community projects, creative collaborations, and inclusive initiatives.
- Donors and Philanthropists: Seek individuals or organizations who might be interested in funding community-driven, inclusive projects.
- Partnerships: Form collaborations with organizations, businesses, or institutions that share similar values and can provide financial or resource support.
- Resource Allocation for Individual & Collective Flourishing
- Funded Safety Nets:
- Emergency Fund: Allocate for unexpected crises. Members can petition for support during hardships.
- Universal Creative Stipend (UCS): Drawing inspiration from Universal Basic Income (UBI), the UCS is a regular, unconditional payment to members, allowing them the freedom to engage in creative and collectively beneficial pursuits without financial anxiety.
- Income Share Agreements (ISAs):
- Individual ISAs: Participants enter into an agreement to contribute back a progressive percentage of their income to share back with the community.
- Creative Venture ISAs: Fund member projects with the understanding that successful ventures contribute a percentage of profits back.
- Shared Investments for Collective Utility:
- Networking, Collaboration & Education: Invest in networking, collaborative, and community learning.
- Community Assets: Invest in assets that benefit the entire community, such as collaborative workspaces, tools, or platforms.
- Collaborative Tools: Dedicate resources to acquire or develop tools that facilitate collaborative work and community interaction.
- Collective Value Exploration:
- Research & Development: Investigate new avenues for collaborative work and projects that offer both individual fulfillment and collective benefit.
- Collaboration Skills Training: Host sessions that foster group dynamics, collaboration techniques, and community-building skills.
- Governance and Decision Making:
- Stability & Dynamism: Establish foundational protocols that guarantee the stable meeting of basic needs for all members, while also creating flexible governance structures that foster innovation and rapid adaptation to a changing economic, social, and political landscape
- Transparency: Regularly update members on fund status, ongoing projects, and outcomes, cultivating an environment of trust and openness.
- Inclusive Collaborative Governance: Foster processes that facilitate active collaboration among all members, ensuring decisions harness the collective insights and expertise of the entire community.
- Legal and Tax Structure:
- Legal Entity: A non-profit organization or a Cooperative structure could be ideal, with a focus on inclusivity and community benefits.
- Tax Considerations: Since the funding is external and the model is inclusivity-driven, ensure you understand the tax implications and benefits available for such community-oriented initiatives.
- Regular Review and Revision: Given the evolving dynamics of creative collaborations and the reliance on external funding, it's crucial to revisit strategies periodically to ensure alignment with community needs and funding availability.
- Sustainability: Since the fund primarily relies on external funding, establishing long-term partnerships and building a reputation for successful projects can help ensure continuous funding and sustainability.