"I think that people want peace so much that one of these days governments had better get out of the way and let them have it."
— Dwight D. Eisenhower (1890 - 1969)
American General
and 34th President
Funding
Following the initial development of The Cascadia Peace Development Fund, we will establish the procedures for and begin the process of evaluating funding candidates. We are not accepting funding applications at this time. We expect to formalize the funding process and provide application guidelines by mid-November 2008. Please check visit this page over the coming weeks for updated information.
A Unique Funding Approach
Unlike conventional venture capital arrangements, Peace Development Funds (“PDFs” or “Funds”) are financial contractual agreements which allow the Fund to purchase an interest in the income generated by products and services which
support peacebuilding. Recipient organizations are not required to give up equity in their organizations or to create a liquidity event such as an Initial Public Offering (IPO).
The Fund receives a percentage of the gross revenues (less pass-through payments such as taxes, shipping, and related fees) until the principal and, sometimes, a surcharge, is recovered. Once the principal and surcharge have
been recovered, the Fund receives a royalty on gross revenues (less the pass-
through payments
mentioned above) for a fixed period following the recovery of the principal and
surcharge. When that period is
completed, the Fund has no
further financial interest in the recipient
organization or its products and programs.
This approach is similar to how motion pictures are commonly financed. Rather than selling equity (stock) to raise money for a film, the studio instead sells a financial interest in the film itself. Once that interest is paid, the relationship between the studio and the film's investors ends.
Backed by Support Resources
Cascadia will make a broad range of support services available — many for free — to strengthen the possibilities for success of recipient programs and products. One of our goals is to create a web-based resource center so that funding recipients can get the support they need easily, quickly, and at any time.
If You're Interested in Receiving Funding . . .
If you have a program or product for which you would like funding consideration, please check this page beginning in October 2008. We expect to have information on requirements and the application process available then.
Funding recipients are not required to give up equity in their organizations or to create a liquidity event such as an Initial Public Offering (IPO).
