FAQ Category: 5. Funding

Funding

  • If sponsors were dropping out, would you let this happen?

    We would do everything possible to bind sponsors to us within the objectives and design of the foundation.

    Who are the sponsors who are dropping out?

    Please provide the name and the lost opportunity in US $.

  • Can I withdraw my sponsorship/donation?

    After a careful exchange of terms and the donor contract, there is the usual cooling-off period to sign the contract.

    However, as soon as the contract is signed, the donor is obligated to pay the donorship, and we will have to strictly enforce that. A donor can only lay off the obligation by having another donor replace him/her.
    This strict debtor management is necessary because we must deliver on our promises and need the finances to do so.

    Having presented the general rule, individual cases can be discussed with the chairman of the Foundation to see if there is a way out.

  • Is there a sales tiger or a fundraiser needed to close the deals of funding?

    We have quite a few people on Zoom calls who have these capabilities.

    Yes, we’ve described the fundraiser in a competence profile, so we’ll get there to install an officer for this task and consult the current team of participants when the position is vacant.

    The status of early 2025 is that the L3C + Operational Agreement + MoU legal structure was set up by the end of 2024.

    Foremost, we need the organization, the donor contract, and the bank account because otherwise, any deal can’t be closed. Of course, enthusiasts can always start the preparatory/exploratory work.

    Our plan is to get the funding rolling, immediately start the development of the 5Ws with this, and raise more funds to support developers who completed the 5Ws. Only then will KERI adoption be sustainable.

    A sales tiger selling projects too early invokes a large user base too-early, and this might backfire.

  • I want to donate, but I’d like to know upfront what will you do with my money?

    Thank you for considering donating. This is how we onboard donors:

    1. We formulate portfolios in which money will flow
    2. We accept donors who want to sign a donor contract matching the portfolio
    3. An obligation to pay the donorship money is established via a donor contract

    Look at the projects currently at hand and the vacant positions we’re filling in on this site!

    We’re ready to accept donors from March 2025. Because we can’t make a deal, we can talk to donors in a non-binding way.

  • What about money flowing to another foundation that supports KERI?

    We have to keep the community together as well as we can. But not at all cost. How important do you think it is to operate as a unit?

    Anyone would prefer to be “Sam Smith Certified,” and to get there; any donor has to establish a connection with the one and only KERI foundation supported by the inventor.

    We consider any other foundation that claims to be the KERI foundation a business. We will happily and in a friendly way offer services to them and could coopetively move forward.

  • How are you going to attract sponsors and donors?

    We envision frain-grained methods to onboard international sponsors and donors to (directly funded) projects under supervision and value-adding by the foundation.

    That doesn’t mean we’re perfect. Supposing you have a better proposal in mind, these are the questions that we pose ourselves in a local context but bearing the greater picture in mind:

    • Who will step on board and donate? How much? Probability?
    • How do I envision the strategy and bringing in funding partners outside of my local scope? We need those because the geographical scope needs to be international.
    • What contribution do my strategy and my group make to the broader foundation goal? 
    • What would be my forecast for raising funds in the next 2 to 3 years? Targets/industries and anticipated amounts? What conditions would I offer and agree upon?
    • How do I value the global objectives compared to the local scope?
    • What share of the total required funding (5Ws phase) do I estimate that my local jurisdiction will put on the table?
    • How would I propose to widen the geographical scope and attract international partners?