3 ms·
I don't know if you have much experience running non-profits, but giving an overly large one-time grant to an org which isn't necessarily prepared for it can be
by sho_hn 3y ago
I don't know if you have much experience running non-profits, but giving an overly large one-time grant to an org which isn't necessarily prepared for it can be a fairly bad idea and often leads to the org doing mad yo-yo things and ending up penniless.
Spending money requires a certain amount of structure and process, and it takes a while to adapt to a money windfall. Going from a little money to a lot changes an org very significantly.
Granted, I also haven't looked much into the Rust Foundation, but I'm going to assume a $1 mio is significant for them. Google can always donate more down the road when the investment pays off and is digested usefully.
(Edit: The Rust Foundation had an income of $2.89 mio in 2022 and $2.56 mio in 2023 according to their annual reports. $1 mio sounds about right for what they should be able to usefully handle, from the gut.)
- willdr 3y agoThis seems like a cop-out by one of the largest companies in the world to avoid giving back to the tools and languages they use to extract their profit. If you're worried about funds mismanagement, assign some oversight, add a distribution schedule (5m over 5 years) and so on.
- sho_hn 3y ago> This seems like a cop-out by one of the largest companies in the world I'm not affiliated with Google in any way.