Financial Transparency
We are committed to maximum transparency and minimum overhead in grant dissemination. This page summarizes the expenditures we expect in administering the grants. The total administrative expenses for Norn Group will remain below 1% of donated funds.
Our primary Ethereum address is: 0x0599191C5E39Ef925055855db7a912132e91EE97
Our secondary Ethereum address is: 0x4b442FFa64950C720ec671703B283C9A31524a3d
Our Bitcoin address is: bc1q4fu7k9avwg8crg9ne4u24q8znw9rpm45nu020s
Our Filecoin address is: f1436fabi2exucuki55vdun4x54mh5ffxqbdzzyoq
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Reviewers
We will pay all scientific reviewers $40 per grant reviewed, equating to $60-120/hour. Assuming we receive many applications, this will be our major expense.
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Software
We are spending a small amount on software tools (website and Airtable to run the review process) and other incidentals to run the funding process.
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Potential contractors
If we receive far more applications than expected, we may need to hire contractors to supplement our current operational team, to ensure that applications will be processed within our stated three-week period.
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Open science efforts
We maintain discretion to spend funds (within the 1% cap) on initiatives that help the funded research be disseminated as fast as possible, for example organizing symposia or hosting open access datasets.