this post was submitted on 09 Jan 2024
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Would the Beehaw community be interested in some pay-it-forward action? (beehaw.org)
submitted 10 months ago by admin@beehaw.org to c/chat@beehaw.org
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Currently, we have $6,500.91 in our hopper.

It just seems weird having all of those, mostly, unused funds sitting there doing nothing.

I just wanted to start the conversation about the possibility of paying-it-forward in some capacity. For example, a certain percentage of monthly contributions could go to a charity.

What are your thoughts?

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[–] TheBaldness@beehaw.org 43 points 10 months ago

The funds aren't sitting there doing nothing. They're available in case Beehaw ever needs them. I didn't donate to a non-descript charity. I donated to Beehaw with the understanding that those funds would be used to stabilize the organization, whether it changes from Lemmy to some other platform, or whether it experiences another sudden quadrupling of membership overnight. That's what the money is for. If you put it in some kind of HYSA, it could be growing at 5% per month. Why shoot yourselves in the foot by giving it away?