Charity equity/impact certificates are a proposed funding mechanism where a nonprofit is funded through the ability to sell shares of calculated impact, on a similar principle to companies selling stock. There's ongoing discussion of implementation details and how to actually make it happen; see, for example, the Manifund sketch and ACX's detailed breakdown.
Will one of these visions of an impact market be brought to fruition before the end of 2023? Resolves YES if I learn of a nonprofit that is set up to be at least partly funded through selling charity equity/impact certs. (It doesn't have to be total funding, and the funding doesn't have to have gone through by the end of 2023, just confirmed.)
Close date updated to 2024-01-02 12:59 am
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I regret missing notifications for this market, but I have to admit it’s only minimally due to inconveniencing @saulmunn and mostly because of that stupid limit order I forgot about!
@SaulMunn for instance, an org that is cashflow negative, very clearly helps the world, relies on donations/grants/etc, but hasn’t filed paperwork to legally be a nonprofit.
@SaulMunn Hm I would prefer not to limit it strictly to formal nonprofits but I am very nervous about giving a general "yes" to the question of informal nonprofits. Also, I had no particular version in mind when I wrote the question, which I think means it should default to formal organizations? So for now I'm going to say it's limited, feel free to argue the point.
@GavrielK if it’s funding nonprofits… opticforecasting.com has been funded through manifund.com (and a bunch of other orgs too!)
ps: i run optic