Now What?! Gift Economy Pro Forma
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Now What?! Pop-up Gift Economy
Basic Parameters and Outcomes
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Financial contributions are received as gifts from Now What?! participants and people in their networks during the month of July. These are then allocated according to the parameters detailed below
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Outcomes
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Total funds gifted$1,755
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Processing fees$107
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Net funding pool$1,648
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Total "staff" funding$989
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Percent of baseline funding request met11%
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(See the Request Breakdown sheet for details)
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Total project funding$330
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(Awarded to the CCC Follow-through)
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Total participant dividend pool$330
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Number of dividends4
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Dividend value$82
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Financial gifts returned to support the gift economy pool for the Oct-Nov edition (as of Aug 30)$252
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Parameters
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Overall Distribution of Financial Gifts*
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Staff (i.e. conveners, hosts, and synthesizers)$1
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Projects$0
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Participant Dividends$0
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*Net of processing fees, estimated at$0
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Staff Request Details*
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"Baseline"
"Ideal"
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Total requests$9,200$17,700
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Percent of total pool allocated to key staff members*
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Ben Roberts$024%
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Stephanie Mines$017%
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All other staff$019%
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See the "Request Breakdown" sheet for full details
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*Everyone who had a staff role is invited to make a financial request, if desired. They can do so at two levels: "baseline" and "ideal." The pool of funding allocated to satisfy staff requests will first be used to meet the baseline level for all who have made such requests, with any excess then going towards the "ideal" level. Within each level, funds are allocated pro-rata according to the relative size of the requests being made. If more funding is received than is required to meet the ideal level, the remainder is allocated to the projects and participant dividends.
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Distribution among projects
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There is a three-step process for allocating the share of financial contributions designated for project support:
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July: project support requests are submitted by Now What?! participants
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August 1-7: 1-5 projects are selected by Now What?! participants as being eligible for receiving a share of the funding proceeds, based on an average of at least $300/project being available in the pool [using the Codigital platform]
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August 8-15: Now What?! participants allocate the funding pool among the eligible proposals [using the Cobudget platform]
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Distribution among participants (the "Participant Dividend")
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All Now What?! participants are invited to request a dividend. Once the funding pool has been gathered, the portion allocated to the dividend will be divided up pro rata among all those requesting a share.
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