OER Endowment-Based Funding Model

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"On this model, the project obtains base funding. A fund administrator manages this base funding and the project is sustained from interest earned on that fund. At the Stanford Encyclopedia of Philosophy, for example, where organizers reasoned that a subscription-based model would cost more than it would earn (because volunteers would have to be paid), funds ($US 3 to 4 million) were raised from a variety of charitable foundations, generating in interest the service's $US 190,000 operating budget." (Zalta, 2005) (http://www.downes.ca/files/FreeLearning.pdf)