I will clean this up later, but this is from a recent conversation on funding mechanisms online, instigated by Nathalia Scherer who works at Daostack, about how to manage hypothetical (near-future?!) massive funds being donated to planetary regeneration (for example instead of Notre Dame).
Travis Kriplean: "We should probably be creating new bioregional institutions that could actually translate these massive funds into regenerative culture.
Each bioregion has an institution dedicated to its health. The institutions are in charge of (1) accepting funding to be put to use for the bioregion; (2) identifying socioecological needs of the bioregion; (3) distributing money to organizations and/or people who are working toward those needs; (4) creating calls for proposals for needs that are not being addressed yet by anyone in the bioregion.
If money flows in at a higher level than a single bioregion, there might also be a global institution that identifies high-need bioregions (with needs defined as criteria, collectively). This institution reroutes the finance proportionally to the areas of need. I imagine that quite often the money would be going to helping identify and set up the bioregional institutions themselves (possibly be something akin to basic income for the folks who want to do the work)."
My response here:
this is also kinda what Bloom Network does (http://bloomnetwork.org) - we just started calling our local chapters by their bioregion names, or something similar at a smaller scale, some kind of water-related place identifier usually. Next Wednesday we're doing a planning meeting related to the financial+action piece locally at our Bloom Yuba Watershed meetup.
Also Nathalia, I've been feeling this one too, the general post, and thinking mostly about that piece (the governance / community leadership / socially equitable leadership distribution / place-centered and movement-centered leadership) for the last seven years, and figuring people were developing the technology to do it. Planning to gather some folks in SF in June to work on laying out what fin tech tools we could use, since we'll need to implement something like this for the incubator-ish thing we're putting together for Bloom's Pollination conference in August. So far was thinking something like SwarmFund + Aragon (I haven't connected with DaoStack + Holo communities yet since a close friend works on Aragon so it's easy to ask them all the questions) + I don't know what mainstream institutional funding mechanisms there are so we'll be inviting folks who do know. Plan is to make whatever we come up with there and through Pollination open source somehow - document it in a way that anyone can do it, with other tools and communities, specific issues, etc.
Thriving Resilient Communities Collaboratory has been developing a democratic philanthropy practice that can apply to multi-sector funding collaboration. Led by movement leaders who are on the ground and know what communities and the land needs, many of whom are people of color and in collaboration with Indigenous peoples. Each year they revise the criteria for what's most important to fund. The process is a little clumsy and time-intensive but that's partly because they've been developing it as they go and the founders were white philanthropists so there has been a lot of privilege unpacking to do, and systemic analysis of the world of philanthropy in general, how grants often get made based on funders' whims and preserving their power etc. Anyway - I can share with you about that process and/or you could talk with other grassroots / "grasstops" (regional organizations that collaboration with both grassroots and institutional layer partners) leaders from that collaborative. http://thrivingresilience.org/.
Anyway, happy to share my experience and thinking on this in more detail in any way that might be helpful. The power stack is a huge part of it, like designing the finance collaboration to disrupt the siphoning of resources from communities and oppressed peoples - cryptocurrency can enable international collaboration and I'm hoping smart contracts can bridge the institutional and community pathways so we can wire stuff together. None of the existing finance sector pathways really has healthy solutions for what needs to happen right now, on their own, as far as I can tell.
Re: daostack / aragon and any other tech software that can support this - if I understand all those things correctly at all they can to some degree be wired together as communities use them and we're in relationship with each other, even if it's just through talking and sharing best practices. Oh right, we're doing a decentralized governance hackathon at Pollination in August to flesh this stuff out too - probably specific to Bloom Network since it's a mesh/networking organization. I'm not sure how far we'll get but we're going to have to have some kind of pooled finance mechanism set up by then that can support cross-sector decision making for resource allocation. That's mostly what we're doing at Pollination, is getting different regenerative culture leaders and supporters or interested people together to collectively decide what initiatives we put resources into (financial and otherwise) over the coming year to support regenerative cultures.
Very broadly I think of all this as an international cooperative, with micro economies forming locally as well. Though technically I'm not sure yet what that looks like - legally there is no such thing so it's only possible through DAO's.