MCA’s Project Catalyst: Smart Donations
The Smart Donation Process Described:
- Proposal Submitted - Using the FirstRoot model of participatory budgeting and democratic process, a class/es, a grade/s, or the entire school, will propose, research, vote, and submit targeted, Smart Donation proposals with budget requirements. *
- Donor Commits - Individual or organizational donors evaluate and then commit to funding a proposal through a Smart Donation contract on the website. Donor enters contact information and funds the proposal in the escrow account of the smart contract. Funds are held in escrow until proposal completion.
- School Executes - In this case, MCA from its Treasury account funds the implementation of the proposal and submits evidence of execution, receipts, photos, short report, etc.
- Smart Donation Activated - By prior agreement and upon submission of evidence of proposal completion, donor-committed funds are released to the school (MCA) Treasury account.
* A similar structure (Proposals Submitted, Donor Commits, School Executes, Donation Activated) to guarantee funds go for the intended purpose may be considered and made available to donors and stakeholders.
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The Smart Donation Results Reported:
Budget
$275.00
R5,167.00
Proposers
MCA Cardano Implementers
Donor
ER
Evidence
Paid Invoice