kaal:claim:4685567-003

Impact 1.0 foundations developed plutocratic power structures because their leaders and trustees were never democratically elected, and Impact 3.0 addresses this by adding WEB3 collaborative democratic measures on top of the existing foundation structures.

Source quote, verbatim

further improve Impact 1.0 private foundations by adding collaborative WEB3 democratic measures that address plutocratic power structures in Impact 1.0 foundations that originated in the lack of democratic elections of Impact 1.0 foundations' organizations' leaders or trustees.

From

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024), Introduction, p. 4
https://ssrn.com/abstract=4685567 · source PDF

Cite as

Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

Holds when

private foundation governance
Impact 3.0 still relies on foundation structures

Classification

mechanismsupport: arguedfailure: Undemocratic Foundation Power Structurefamily: plutocratic-capturegovernance-design

Related claims

extends kaal:claim:3981021-003 Private foundations exercise plutocratic power because their leaders and trustees are not elected democratical...

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