|
Social Entrepreneur Foundation |
|
Sponsor & Social Entrepreneur Agreement Details Social entrepreneurs seek support in the form of a wage. 100 sponsors share in providing this wage to the social entrepreneur of their choosing. Sponsors pledge for a period of one year. The funds are to be donated on a monthly basis, in six month increments or for the year in full. Before a social entrepreneur will begin getting funding, 100% of the sponsorship base needs to be obtained. This allows sponsors the security that their money will not be supporting an individual who is not able to concentrate their full time to their project(s). Monies donated always count as payment in advance, meaning that if a sponsor pays monthly, the Social Entrepreneur is covered for the month following the payment (not for work already done). This allows payments ahead of time and a security for the social entrepreneur to continue their work. The wage a social entrepreneur seeks must be reasonable and correspond to where they live. Only modest or equal wages to their relative societal peers will be ethically allowed. A per hour wage and the amount of hours scheduled must be determined before hand. This hourly wage can be discussed and altered prior to pledge renewals by both the social entrepreneurs and their sponsors. A minimum of 20 hours per week and a maximum of 50 hours per week are deemed reasonable. How that time is spent and how they arrange their hours is ultimately up to the social entrepreneurs, however sponsors can give input. Direct deposit is the preferred way of payment. Check, money order, or even cash (with receipt) can also be accepted. Unless donations are made in large amounts the use of Paypal and other such schemes are shunned due to the service charges imposed which would eat into an already modest wage.
If sponsors are unhappy with the direction projects are taking, have personal problems with a social entrepreneur, or for any other reason need to pull out of the pledge they can do so by providing 2 months of payments and sending a brief note to SEF stating pledge withdrawal and the reason(s) behind this decision. This allows time for new sponsors to step forward. If sponsors break their pledge they will not be considered reliable for future dealings and will be barred from further participation in SEF and Community Earth. If a social entrepreneur decides to quit they must give 2 months notice to the SEF and each of their sponsors, explicitly stating disengagement and the reasons behind the decision. This allows the SEF to see if the project(s) can be carried on by other social entrepreneurs (when possible) and allows sponsors and the SEF to deal with accounting issues such as the return of donated funds if overpayment occurred. Social entrepreneurs must post/send updates at minimum intervals of 30 days for the project(s) they are undertaking. These updates must include:
The social entrepreneur must notify and explain to sponsors when work hour discrepancies occur. For example the social entrepreneur could have chosen to take some time off with no pay for a few days. In this case only the amount of hours worked would actually be paid out. The idea here is to allow flexibility for the social entrepreneur but also transparency and accurate reporting to the sponsor. If however these occurrences become common place sponsors could choose to cancel support in the usual fashion. The amounts that sponsors donate to the social entrepreneur will be listed and posted beside the name of the sponsors in alphabetical order. Sponsors can choose to remain anonymous. Similarly, in another list, donations made directly to each project in pecuniary order shall also be posted. These lists will be on public display in cyberspace on the SEF web site. Each project can vary in enormous ways from one another therefore project financing is dealt with separately. Unlike the sponsoring of a social entrepreneurs wage which can only be done through individual living persons, there is no restriction as too who can donate and/or invest in the projects themselves, including for profit interests, associations etc... , however sponsors will be given first options where investment is possible. In the eventuality that a project becomes an incorporated business venture (company or co-operative) sponsors can choose to partake in one of the following; 1. Preferred shares equal to the dollar amount donated will be given to each sponsor respective of the amount (i.e. $1 sponsored = 1 share). Note these shares may or may not include voting powers. Communication between sponsors is open and encouraged and their feedback and suggestions should help social entrepreneurs do a better job. Being a sponsor allows you to be part of a greater team and thus share in the risks and benefits, the pitfalls and triumphs of seeing these projects come to life.
To Pledge Form page |