I will take care of it.
US non-profits are fairly straight forward and have a tax-ID which establishes them as such. As for the rest of the world, each country would have their own process.
I think we should steer the focus of karma coin, as an org, away from specific charities. If any owner of Karma wants to support a mission, put together a call for action, like what we are doing for the Girl Scouts, and let the community decide. Garnering support is really the onus of the initial donor. Karmacoin is not a charity, we are a group of charitable people with the same mission. We choose to donate in Karmacoin and not other coins. If a fellow Karminion has a mission and feels it's worthwhile to request back-up, we will be there.
I feel we should definitely focus on equipping the charities themselves with the ability to add "Give Karma" on their websites and educate them to the massive power of crowd sourced micro donations.
The most profound component of Karma is the ability to donate small amounts of money with little to no overhead. We need to sell our mission and technology as a way to capture 10-30% more funds by bringing back those nickel and dime donations that just weren't possible for the last couple decades. Right now there is no way to collect that type of donation due to the cost of mailing a check or physically transporting change. The days of bringing around a March of Dimes can or manning red buckets ringing bells outside of the grocery store are no more.
As we define the mission statement, perhaps, "Empowering the world's charities with the power of Karma."
I will put together an example POA (Plan of Action) for new charities, outlining how they can take advantage of the full utility of Karma and how they might, might, garner the support of fellow karminians to rally around their project.
SL
I agree completely. That is the main reason why I believe strongly in the Karmacoin concept. Giving to charity is nice but the facilitation of these small contributions (via a way to donate, as you illustrated) to a cause (be it charity or in response to "goodness") is an amazing opportunity.
As you stated, we can enable people to do what could not be done before. If someone donates 25 cents with a credit card or PayPal the charity receives nothing due to processing fees. So
it won't seek out these small donations. But microtransactions, especially on mobile, are the future. And that's where we can come in. The demand is already there.
Cryptocurrency is perfect for microtransactions. Think of the reasons why someone would want to transact $0.25:
1) to buy/sell something very cheap
2) to tip something/someone
3) to donate
Bitcoin (or ?) can take care of #1. But why do people transact in #2 and #3? Either to help someone/something else be "good" (such as a cause or charity) or as a way to reward "goodness" (to a friend or teacher, for example).
Imagine in 5 years kids are sitting in the classroom on their mobiles donating Karmacoin to the teacher at the end of the semester. Imagine receiving a tip from a total stranger because they saw you do something good. Imagine a lady down the block raising funds for a neighbor whose husband just died and is unable to afford a moving company so she can move into a smaller home? Now imagine these kinds of transactions happening everyday, and globally. This is the future of Karmacoin.
Someone will do it sooner or later. Might as well be us. Karmacoin has the perfect niche where the limit just so happens to be the sky.