The Major Grant Review Committee's decisions relating to the allocation and disbursement of funds from the Discretionary Budget will be final, requiring no approval from the ZF Board, but are subject to veto if the Foundation judges them to violate U.S. law or the ZF's reporting requirements and other (current or future) obligations under U.S. IRS 501(c)(3).
-ZF SHALL recognize the MG slice of the Dev Fund as a Restricted Fund donation under the above constraints (suitably formalized), and keep separate accounting of its balance and usage under its Transparency and Accountability obligations defined below.
ZF SHALL strive to define target metrics and key performance indicators, and the Major Grant Review Committee SHOULD utilize these in its funding decisions.
diff --git a/zip-1014.rst b/zip-1014.rst index deae9d25..4e9662be 100644 --- a/zip-1014.rst +++ b/zip-1014.rst @@ -293,8 +293,8 @@ Grants, but subject to the following additional constraints: and MUST align with the scope and responsibilities of their roles. The allocation and distribution of compensation to committee members SHALL be administered by the ZF. The committee members will receive compensation at a - rate of $130 per hour, for a total of 15 hours each month, amounting to a - monthly sum of $1950. Changes to the hours or rate SHALL be determined by + rate of $115 per hour, for a total of 15 hours each month, amounting to a + monthly sum of $1725. Changes to the hours or rate SHALL be determined by the ZF’s Community Advisory Panel or successor process. ZF SHALL recognize the MG slice of the Dev Fund as a Restricted Fund