Develop and make available Reading, Writing, Arithmetic and Reasoning programs based upon the Principles established by "The Radix Endeavor" funded by The Massachusetts Institute of Technology and Gates Foundation. The use of computer-based gaming in education is not a new phenomenon. Many educators nostalgically remember green Apple II monitors displaying the games Lemonade Stand and Oregon Trail in the early 1980s. Technology in schools has evolved considerably since then, and gaming has become pervasive within all demographic subgroups. Gaming within education is currently a fragmented value proposition. Education games are inherently engaging to students because they present novel situations and are immersive. The authors argue that video games often do a better job of teaching than decontextualized, skill-and-drill instruction. Students can use educational games to engage in difficult tasks without embarrassment when they fail, and teachers can use educational games to build problem-solving skills and help students see the meaning in their lessons.
It is my personal dream that one day a nine year old girl in deepest Africa can dial in on her cell phone and learn to read and write in her own language and receive coins for her achievement. Thereby being able to purchase goods and services and gain economic inclusion in her world.
This project will introduce AltCoins as rewards for achievement that are readily transferrable into fiat. Thereby, giving the student a financial incentive to move forward in the learning process.
300 Million coins were generated for the purpose of the initial distribution and a treasury of coins for future use to reward students for achievement. We anticipate a maximum of 50 million coins will be distributed for promotion and purchase of services and software. The bulk of the coins are in a secure nonstaking wallet. The fund will not sell any coins!
Exemption Requirements - 501(c)(3) Organizations
To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organization, i.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.
The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.
In the Bylaws of Why Fund Inc. there is a section setting up a group called "Trusted Advisors", they are allowed to only be identified by their user name (if they wish) and will be a nonvoting group. They may meet and formulate proposed actions by the fund and submit them for consideration.
They may be compensated with whycoins for their efforts.
They will be selected by the Moderators and only by the moderators. Their role is advisory.
The Moderators will have access to coins to dispense to those persons who they deem to have furthered the interests of the coin, or the fund.
Why Fund Inc.
The incorporators of Why Fund Inc.have agreed to become temporary place holders as directors. The fund will proceed with getting a letter of permission to solicit donations. I am hoping to attract some “world class” people to be the directors. The directors in effect will “own” Why Fund Inc. and control it thereafter
If a Nonprofit goes out of business, all it’s assets must be given to another nonprofit. The IRS has strict requirements for reporting and require no blood relationship between trustees for a “public” determination…however by regulation until a “public” determination is made…the Nonprofit is considered a private nonprofit.
Grants are not usually given to Private Nonprofits, and solicitations of donations are difficult.
2 hours stake age maturity and 30 confirms
100% PREMINED -UP TO 25 MILLION COINS MAY BE DISTRIBUTED TO FOUNDING MEMBERS.
(ALSO, UP TO 50 MILLION COINS HAVE BEEN AUTHORIZED FOR DISCRETIONARY PROMOTIONAL PURPOSES) and 225 million coins WILL BE IN A TREASURY NONSTAKING WALLET FOR DISTRIBUTION TO STUDENTS AND FOR FUTURE USE.
NOTICE: The fund is considering redeeming WhyCoins rewarded to students through Pay Pal for CASH if the coin is not traded on an exchange!
The proposed plan is to use the revenue stream from advertising placed into a pool and once a month the pro rata value of each coin would be announced.
Here is an example of what we do! CLICK HERE
This is a Free Service provided by Why Fund Inc. (a 501 C3 NonProfit) We thank you for your donation!