Futures

The Future of Philanthropy

Musing on how philanthropy can change forever with the power of decentralized movements.

The greatest threat to change is believing it’s out of our hands.

Faced with a 24-hour livestream of news, social media, and chatter about what to worry about, it's difficult to know how to make a difference. How can I aid civilians in Ukraine? How can I fight the overturn of Roe v. Wade? How can I protect our planet?

Taking action means doing more than retweeting a thread or sharing an Instagram story. Past the performance art of "giving a shit", money and influence need to actualize into impact.

If only communities of people — as opposed to billionaires, rich celebrities, or sluggish lawmakers — could be the ones driving the future of philanthropy.

A small example of the power of community

Let's say a community of 1,000 individuals gets together to restore a neighborhood garden. In order for their restoration to succeed, they'll need:

  1. $50,000
  2. 20 volunteers every weekend, and
  3. a connection to the municipal government to get a permit to build a new structure.

It comes down to money, time, and a network — three things DAOs are helping communities get their hands on.

The tools necessary — and how to make them better:

1 — A shared bank account for the movement.

Multisig wallets allow people to easily contribute to the cause. Members can participate in deciding how funds are spent and distributed.

2 — More members means more people furthering the mission.

When you work alongside an entire community, your DAO has a pool of resources to get the ball rolling. One member can spend time on legal frameworks, a designer can create the landing page, and a community manager can help get the word out.

3 — DAOs are self-forming communities of passionate, talented people.

DAOs grant you access to a global network of people who are eager to contribute. Chat rooms like Discord and Telegram help members connect people with projects, start conversations, and brainstorm ideas.

At scale: how could NATION change a nation?

Saving a garden is one thing, but the same principles apply to making change at scale. Money, time, and meaningful connections all have to come together to make a real-world impact.

Here are a few examples:

Sergey Vasylchuk (CEO of Everstake) and Anatoly Yakovenko (co-founder of Solana) collaborated with Ukraine's Ministry of Digital Transformation to create Aid for Ukraine — a DAO distributing funds directly to Ukrainians following the recent Russian invasion.

So far, they’ve raised almost $2MM.

You can support them here.

ChoiceDAO was born immediately after SCOTUS’ decision to overturn Roe v. Wade. Their community is raising $1MM in the fight for reproductive rights.

They’ve also made an effort to improve female representation in tech and Web3 by hosting livestreams with women like Reshma Saujani, founder of Girls Who Code, Laura Du, founder of We3, and Lori Grace Bailey, founding member of myBFF.

You can find their movement on Twitter and their landing page here.

EarthFundDAO is raising money to tackle “humanity's greatest problems'' — but that’s a tall order. First, they’re focusing on funding the social and environmental causes that members suggest.  

So far, they’ve addressed climate change through their carbon removal fund. They’ve also partnered with The Chopra Foundation to raise $100k+ for access to mental healthcare.

You can find more information about their movement on Cointelegraph, Coindesk, and the Associated Press. Or, join their causes here.

Our responsibility

With the resources of a global community, the ability to trust each other completely, and a shared passion for progress – we have the chance to create change from scratch.

More accurately, we have the responsibility to do so.

Change is no longer in the hands of a few wealthy people.

In our NATION, change is on us.

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