# kaal:claim:3981021-022

**Claim.** Any exercise of the multisig endowment wallet keys ultimately depends on a vote in the assembly of the DAO association that serves as legal wrapper, so a donor holding one key among many is involved in endowment payment decisions without controlling them.

**Type.** design  **Support.** argued

**Holds when.**

- endowment wallets held in a DAO legal wrapper such as a Swiss Association

**Source quote.**

> The exercise of the multisig wallet keys will ultimately always depend on a CHARITYxDAO vote in the assembly of the CHARITYxDAO association (the legal wrapper – if chosen to be a Swiss Association). As a multisig key holder, the donor will be involved in multisig endowment payment

**From.** Wulf A. Kaal, *How Decentralized Autonomous Organizations Optimize Charitable Giving* (2021), Engaging the Donor, Endowment Allocation, page 24

**Cite as.** Wulf A. Kaal, How Decentralized Autonomous Organizations Optimize Charitable Giving (2021). SSRN: https://ssrn.com/abstract=3981021

**Verify.** sha256 of source PDF `9d8bc78d119c780c96c89ce3e820f4ac8b037d39b3ade59feb4e40d46b048288` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20How%20Decentralized%20Autonomous%20Organizations%20Optimize%20Charitable%20Giving.pdf

**Topics.** law-and-legal-systems, governance-design

**Keywords.** multisig, donor-engagement, legal-wrapper, endowment, governance

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.