Campus Energy Kickstarter - Revolving Green Fund by Remember Generator
Please find below the
Finalist Evaluation
Judges'' comments
Judge 1:
Another "use alumni participation requirement as a funding mechanism" proposal - not hugely original. Relies on potential funders finding the fund and contributing. The authors need some "push" ideas instead of relying on all "pull" from the alumni.
Suggesting that the MIT endowment be used as a funding source is naïve.
Not much real detail in the proposal.
Judge 2:
This fund exists and is called the MITEI Campus Energy Task Force Fund. I found it by looking at the giving page. It is also easily found with a google search of the MIT website. This is definitely feasible since it already exists.
The desire to "apply savings back into the fund" assumes that you will continue to budget for the inefficiencies you correct with the projects supported by the fund. That removes the incentives for doing the projects.
Semi-Finalist Evaluation
Judges'' ratings
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Judges'' comments
Judge 1:
A revolving green fund is one of the proven methods for creating the assets necessary for large scale campus transformation. Including the alumni in creating and growing a fund is a powerful and much welcome idea. Objections to this kind of mechanism, which the author lists at the end of the proposal, are not convincing and this judge believes that the author has presented an important suggestion.
Judge 2:
This would be easy to implement and a great option for alumni giving! The idea of a monetary gift that keeps giving for years to come in terms of sustainability savings is fabulous. Are there other incentives you could include to spark interest or reward donors? Is there a point at which additional resources would need to be allocated to fund management? Are there an unlimited number of sustainability projects, or at some point, could giving outpace implementation?
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