This is great for many of the projects but there's a down side to donors choose I wouldn't have realized before taking to some teachers. Anecdote warning: family member works in a public school district where the principal and committees won't even investigate funding requests till the teacher has put something up on donorschoose.
Ripple fully funded every live DonorsChoose classroom project yesterday
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Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#12When I think about large-scale donations I think about Melinda and Bill Gates. They don't just donate large sums of money, they donate their time and talent and take their efforts very seriously. They work hard to see every penny well-spent in an effective manner.
That being said, I would love to witness a super-rich person throw a one-time insanely large lump sum of money at some problem. Like, "Here's 50 billion dollars. Free mammograms to anyone on the planet until the money runs out." It would be nice to see a global respite from some sort of issue.
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#13This is great for many of the projects but there's a down side to donors choose I wouldn't have realized before taking to some teachers. Anecdote warning: family member works in a public school district where the principal and committees won't even investigate funding requests till the teacher has put something up on donorschoose.
It really sucks that American public schools are so poorly funded. But maybe the principal and committees are just "playing the game" appropriately from their perspective. I doubt they have beanbag chairs full of cash that they're hoarding.
I could see a scenario where, sure, the teacher's proposal is great. But what makes their proposal any better than the thousand others that cannot be funded?
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#14https://en.wikipedia.org/wiki/Ripple_(company)#Funding Are they profitable? How can this kind of thing be justified to shareholders?
I wondered the same thing. Perhaps part of the justification is the branding benefit from the positive publicity?
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#15https://en.wikipedia.org/wiki/Ripple_(company)#Funding Are they profitable? How can this kind of thing be justified to shareholders?
One or their problems right now is their foundation owns too much of their own currency, which is a risk to their entire ecosystem. Without looking into the details, donating the money seems like a really great way to build good will while de-risking the ecosystem.
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#16DonorsChoose.org is a fantastic site and project. As someone who has four teachers in the family, I know firsthand how challenging teaching is on multiple levels, and financial is definitely one of them. I’m happy to support the site as best I can and even happier to hear about this!
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#17This is great for many of the projects but there's a down side to donors choose I wouldn't have realized before taking to some teachers. Anecdote warning: family member works in a public school district where the principal and committees won't even investigate funding requests till the teacher has put something up on donorschoose.
It really sucks that American public schools are so poorly funded. But maybe the principal and committees are just "playing the game" appropriately from their perspective. I doubt they have beanbag chairs full of cash that they're hoarding. I could see a scenario where, sure, the teacher's proposal is great. But what makes their proposal any better than the thousand others that cannot be funded?
They aren't poorly funded. I live in a suburban / rural area. The public schools here get ~$15,700 per student. Good private schools here charge ~$10,000 per student, and yet offer much better education with 2/3 the funding.
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#18https://en.wikipedia.org/wiki/Ripple_(company)#Funding Are they profitable? How can this kind of thing be justified to shareholders?
Their currency is worth billions
Billions of USD in digital coins they themselves created, right? So this $29M came from the shareholders, or from the coin-holders?
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#19https://en.wikipedia.org/wiki/Ripple_(company)#Funding Are they profitable? How can this kind of thing be justified to shareholders?
One or their problems right now is their foundation owns too much of their own currency, which is a risk to their entire ecosystem. Without looking into the details, donating the money seems like a really great way to build good will while de-risking the ecosystem.
Ripple placed most of their coins in escrow:
https://ripple.com/insights/ripple-to-place-55-billion-xrp-i...
They don't need to derisk their ecosystem.
Re: Ripple fully funded every live DonorsChoose classroom project yesterday
#20Earlier quoted context omitted.
It really sucks that American public schools are so poorly funded. But maybe the principal and committees are just "playing the game" appropriately from their perspective. I doubt they have beanbag chairs full of cash that they're hoarding. I could see a scenario where, sure, the teacher's proposal is great. But what makes their proposal any better than the thousand others that cannot be funded?
They aren't poorly funded. I live in a suburban / rural area. The public schools here get ~$15,700 per student. Good private schools here charge ~$10,000 per student, and yet offer much better education with 2/3 the funding.
Where do you live? The private schools may also get funding, and public schools have much higher expenses for special needs students etc. who are often not allowed to enroll at private schools.