# "Charity Nouns" - Working Name
## DUNA fiscally sponsored by 501c3
***(DUNA law goes into effect July 1, 2024)***

Model C (Pre-Approved Grant Relationship):

- The sponsor does not take on legal or financial responsibility for the sponsee's activities.
- The sponsee operates as an independent entity and is responsible for its own compliance and management.
- The sponsor provides grants to the sponsee, which have been pre-approved, to fund the sponsee's activities.
- Review: The sponsor assesses the project to ensure it aligns with its mission.
- Approval: The sponsor formally approves the project for funding.
- Agreement: A grant agreement is established, outlining the terms and conditions.
- Funding: Funds are disbursed to the sponsee based on the agreement, with ongoing oversight to ensure compliance.
- The sponsor may offer back-office services, but the sponsee retains full control over its operations and decision-making.

## Governance/ Protocol Structure
**Decentralized Veto**
- Sybil Resistant
- Duration of token in wallet = veto power?

**Onchain Voting**
- Optimism?
- Mainnet?
- Other L2?

## Token Issuance
**Meritocratic:** Successful proposal = membership
**Capitalistic:** Membership can be purchased

Dutch Auction?
OG Nouns Auction?
Lil Nouns Reserve?

Vrbs Model?
- Votes = non-transferrable ERC20, no LP | [Docs](https://github.com/collectivexyz/revolution-protocol?tab=readme-ov-file#revolutionpointsemitter)
- NFT = 1,000 votes
- NFTs are community created, auction is split with artist
- 24 hr auction
- Votes can be purchased without buying NFT
- Uses VRGDA to tax whales

## Staffing
**Devs**
**Back Office/ Accounting/ Legal Admin & Filing**
**Marketing & Communications**

Vrbs Model?
- Streamed monthly grants for core activities | [Link](https://vrbs.build/vrbs/grants/8453/0x90797769fd7d5dd83ff42ff98b1bd8292838603b2dc397192492e1f457ee68ff)
- Allows community members to apply for open roles/ propose their own
- Protocol Team
- Artists Residency
- Communications
- Local Impact

## Proposals
Must be a charitable purpose:
- "The exempt purposes set forth in Internal Revenue Code section 501c3 are **charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and the prevention of cruelty to children or animals**.
- The term charitable is used in its generally accepted legal sense and includes:
- relief of the poor, the distressed, or the underprivileged;
- advancement of religion;
- advancement of education or science;
- erection or maintenance of public buildings, monuments, or works;
- lessening the burdens of government;
- lessening neighborhood tensions;
- eliminating prejudice and discrimination;
- defending human and civil rights secured by law;
- combating community deterioration and juvenile delinquency."

**How to Propose**
Nouns Style, ie membership first?
Open Submissions?

## Voting

1 person, 1 vote?
Single Choice? Rank Choice?
Quadratic?

**Compensation to governing members**
- Opt-in via KYC
- KYC = 1099 subcontractor (W-9 USA or W-8 Foreign)

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## Existing templates to consider:
- **Big Green DAO via Big Green 501c3**
- [Light Paper](https://docsend.com/view/s3hbpc68au8a8sa9)
- Soulbound ERC20s
- 2-tiered governance. Commitee + Community
- 2/3 majority Commnuity participating + 2/3 majority ratification by Committee or
- Consensus vote of all Committee members
- [Committee Selection Process ](https://biggreen.org/wp-content/uploads/2024/03/DAO_Committee_Selection2024.pdf)
- **Dream DAO via Civics Unplugged 501c3**
- 2 Co-Stewards, 1 Coordination Wizard
- Working Groups
- **Partnerships:** Cultivate and manage strategic partnerships with web3 orgs for fundraising, internships, and in-kind services
- **Community:** Care for the end-to-end experience and thriving of Builders and Champions
- **Gatherings:** Organize incredible IRL and online events and meet-ups, and help DAO members participate in web3 conferences
- **Governance:** Ensure smooth operation of core DAO functions, incl treasury, elections, working group composition, compensation
- Skywalkerz NFT
- 1 person, 1 vote via Snapshot
- Scheduled Voting