Re:Watsi launches universal health coverage, funded by YC Re...
by ketralnis on Monday September 04, 2017 @01:21AM
(#15165897)
I just wanted to echo that I'd be interested in an automatic recurring donation system. I'm sure you guys have thought about this way more than I have, but my understanding is that those kinds of donations are a significant portion of funding for other non-profits like NPR
By the way, the link to "learn more" on the FAQ for "can I donate monthly?" links to http://wwww.https//watsi.org/universal-fund which confuses my browser so I get a connection error
Re:Watsi launches universal health coverage, funded by YC Re...
by _asummers on Monday September 04, 2017 @11:14AM
(#15168773)
My understanding is that having recurring payments gives a sense of "stable income" for the non profits, and while having massive donation campaigns is obviously helpful, it's much harder to forecast.
Re:Watsi launches universal health coverage, funded by YC Re...
by toomuchtodo on Monday September 04, 2017 @05:22PM
(#15170933)
I'd like Watsi to have an investment account where donations can be received but they operate off of the investment returns (similar to how Standford, Yale, etc operate financially).
This would mean a gift provides for operating returns perpetually (or as long as the financial markets continue to exist).
For example, a one time donation of $300 (invested) would provide for a health insurance member (at 78 cents/month) in perpetuity.
Re:Watsi launches universal health coverage, funded by YC Re...
by byronium on Tuesday September 05, 2017 @04:44PM
(#15178954)
The perpetuity aspect is a good point, but the fundamental pitch of Watsi is "100% of your donation goes to a specific patient in need", not "100% of your donation goes into an investment account that will be invested in anything from oil to cryptocurrency (and things you might not necessarily agree with) whose returns will then go to a patient in need". The vast majority of donors donate to Watsi for precisely this pitch.
Also if Watsi made this change, who would manage the investments? Wouldn't it fundamentally change the company from a small, lean, product-driven global health nonprofit to a socially responsible investment (SRI) company (which there already are many of)?
Re:Watsi launches universal health coverage, funded by YC Re...
by toomuchtodo on Tuesday September 05, 2017 @05:09PM
(#15179149)
Vanguard has a non-profit foundational division that manages this for an org: https://institutional.vanguard.com/VGApp/iip/site/institutio...
There is no need for Watsi to handle the management of these investments/funds.
> Wouldn't it fundamentally change the company from a small, lean, product-driven global health nonprofit to a socially responsible investment (SRI) company (which there already are many of)?
Nothing would change except Watsi having more consistent funding and the ability to have a longer term strategy.
If you'd rather help cover enrollment costs for Watsi Coverage, please email [email protected] and we'll respond right away. Thank you!