The Project Funding Program is an experiment. Its duration is fully dependent upon the level of donations that come in.
100% of all donations are returned to the community. There is no administrative costs and I as the founder gain nothing
more than a warm fuzzy feeling unless of course you choose to vote while you are there.
The frequency of grant distribution will depend on donations. I hope to release grant money once every 1-2 weeks.
The donation box and submission box are located in the office of my warehouse at Gibson 51, 67.
The counter on the donation box will remain active until the funds are dispursed at which time it will be reset for the next round.
The MINIMUM amount of a grant will be L$1,000. The number of grants and full value of each grant will again depend on donations.
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TO APPLY FOR A GRANT:
On a notecard such as this one, include the following information:
YOUR AVATAR NAME
YOUR GROUP NAME (If you are a member of a group that this grant is for)
DETAILS ON YOUR PROJECT (include a landmark)
EXPLAIN why you feel you should gain funding
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RENAME your notecard to YOUR AVATAR NAME and place it in the box next to the donation box at Gibson 51, 67.
I will choose a 5 member committee to review the applications and the committee will vote on which project(s) will receive funding.
The committee will include one Linden and no more than 1 member from any themed community. As the administrator, I will not be voting.
The committee will remain secret until the funding is granted to avoid any solicitation of committee members.
Watch the event boards for important dates surrounding this project. Meanwhile submissions and donations are being accepted starting now.
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