// 13_the_model
How the fund stays alive.
A no-equity, no-royalty fund has no investment engine. So “evergreen” here doesn’t mean endowment — it means replenishment loops, stated plainly, never implying a perpetuity we don’t have.
The public metric is runway, denominated in ships. One ship = $2,500 granted. The published rule: keep runway at or above 12 ships. Below that, the fund fundraises. Above 24, the surplus moves to the reserve.
runway
0.0 ships
on hand ÷ $2,500
on hand
$0
floor / reserve
12 / 24 ships
// 13a_the_loops
The four replenishment loops
L1 · Members
Recurring small contributions — $10/mo default, any amount. The first 100 recurring members are The Hundred: permanently listed, same font, as the founding membership.
ledger category: contribution
the Hundred
0/100
L2 · Matches & patrons
Institutions, HNW individuals, or brands fund match windows (1:1 on member inflows for a month) or a Cycle Patronage — $12,500, one full cycle, about five ships.
ledger categories: match, cycle_patronage
L3 · The annual benefit release
The seed mechanic, made a ritual: every fall an artist releases a work whose proceeds route to the fund, publicly, on the ledger. Year one: uncl.g's Navratri single.
ledger category: benefit_release
L4 · The Covenant
Voluntary alumni replenishment — funded artists asked, and only asked, to send a grant back if the work ever returns ten times what we gave them. Small in year one, the whole story in year five.
ledger category: covenant_return
took the Covenant
0/0
Full legend for every category, including these five, is on /ledger.
// 13b_the_rails
Two ways money moves
rail A · live today
Give directly
Not deductible, on the ledger today. Final Final Fund LLC receives the money and grants it out — same-day on the ledger, no intermediary, no fee beyond Stripe’s own.
rail B · not yet live
Give deductibly, via our fiscal sponsor
Slower, minus the sponsor’s fee — also on the ledger, fee shown as its own row. For DAFs, foundations, and donors who need the deduction. Onboarding is in progress; this rail isn’t open yet.
The donor chooses. Rail A money hits the ledger same-day; Rail B money arrives slower and costs a fee — both published, no exceptions.
// 13c_the_reserve
The reserve policy
Surplus above 24 ships of runway sweeps to a Treasury money-market fund at the fund’s bank.
Yield is swept back to the grant pool quarterly, as its own ledger row (reserve_yield).
The reserve is never pledged, lent, or invested in anything else. No endowment claims, no return projections — at year-one scale the yield is trivially small. The row exists for the principle, and the principle scales.
// 13d_the_zero_line
The Zero Line
founder_compensation — $0.00
A permanent, literal ledger line, republished every cycle in the governance report. Das Creative pays the fund’s ops costs — hosting, tooling — into the ledger as in-kind contributions (inkind_ops), so the fund’s overhead reads as a gift to the fund, not a draw from it.
// 13e_succession
The succession promise
The fund can fire the founders. If Sabya and Sri walk away, the corpus winds down as grants, under the same published rubric — never back to Das Creative.
operating-agreement language pending counsel — this is the plain-language promise, not the final legal text.