[kalvin]

Thank YOU Chase :) (I work at Watsi)

If you'd like to see an example of what Watsi's about, check out Philip's profile: https://watsi.org/profile/2286cb03a5bd-philip

Also, fun fact: 619 of our current "Universal Fund" monthly donors first made a donation 10 or more years ago, and I'm pretty sure many of those were/are Hacker News readers.

If you're interested, see https://watsi.org/universal-fund

[maerF0x0]

I've long played around with the thought of what would happen if someone started something like the universal-fund you mentioned, but had it snowball like a sovereign fund? (ie, instead of spending the in flow, invest it and only spend the profits from the investments, for example) ...

Particularly for basic needs like housing,food,clothes... Like what if instead of giving a charity $100 we created 41c per month? of UBI (roughly the cashflow from investing that same $100). Yes it would seem too little today, but in time it would be massive because it would never dissipate.

IDK, just my musing while claude takes, err does, my job.

[MagicMoonlight]

Plenty of those have existed, but in the end they always get stolen and given to the dogs trust.

There’s nothing people hate more than lasting charitable foundations. They take them to court so that they can crack them open and wank away the entire fund in 6 months.

There was one which was supposed to pay off the entire national debt. They cracked and spaffed it.

Another was supposed to end piracy. Cracked and spaffed.

You could save a million people a year, but that won’t save you from being cracked and spaffed. They’re already rubbing their trotters at the thought.

[luplex]

What you need to consider is that you also get compounding returns by treating a patient. They can now be more productive and contribute to their local economy. They might plausibly have a higher return rate (in wellbeing terms) than your alternative investment into stocks.

[BobaFloutist]

That's called a foundation, they exist.

[chaseadam17]

Love the idea and have long wanted something like this to exist. One other twist is you could let ppl vote on where to donate the profits.

[rsynnott]

Some nonprofits do run largely off endowments.

One big issue is that it's a PR problem; most people don't really understand it. They'll look at the non-profit and say "why does that need to raise money, it's rich". You saw this a lot with Harvard in Trump's recent funding war with it, say.

[doctoboggan]

I remember Watsi being posted years ago. I was a recent graduate then and didn’t really have the funds but I do now so I just donated to Philip’s cause! Thank you!

[kalvin]

Thank you so much! Here’s another patient link for other readers, since you fully funded Philip :P

Paw: https://watsi.org/profile/9dae70d8f758-paw