What is The Windfall Fund?
The Windfall Fund is a nonprofit organization which takes small donations today and invests those donations over a long period of time. When the investments mature they are worth a huge sum of money and can be used to assure help is available in the future. The Fund works because many people want to contribute and make a difference but are unable to do so financially. With the Fund pocket change can be donated and that will make a difference someday.
Building up the organization.
Talk to people in the know:
- Professors
- Lawyers
- Businessmen/women
- Other nonprofits
Get the name out there:
- Competitions
- Grants
- Website
Raise funds:
- Competitions (Carolina Challenge, USC Student Innovator Showcase)
- Grants
Measure feasibility:
- Expert opinion
- General public opinion
- Break down strategy for creation.
Will it innovate?
5 Points of Innovation (from class)
1. Relative Advantage
2. Compatibility
3. Complexity
4. Trialability
5. Observability
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