Chris,
I think that the feedback on the CII grant process deserves to be acknowledged and addressed if possible. I wasn't directly part of the day-to-day efforts of CII, but I (as an individual providing one's opinion and advice) supported the original charter of directly funding security related development of critical software libraries that are often unnoticed like libxml2, OpenSSL, etc.
I am disappointed that CII didn't achieve this objective for more software (there were a few grants that were awarded and completed, but over time this seemed to end, from the public updates I read at the time). I think that it is still a good one to have.
The CII was before my time at the LF so I don't have much to share outside of it was in the mind of the OpenSSF founders to do better.
FYI: the majority of the work was born out of a closed source effort that you weren't involved in: https://github.blog/2020-07-09-what-we-learned-from-building...
Also, the LF not only helps fund the development of Linux through Linus and other fellows, it hosts a plethora of other open source organizations, like LetsEncrypt which I'm sure you use on a daily basis without knowing.