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The way this Tech Crunch article is phrased, you'd might walk away thinking that the Ford Foundation's "large grant" made up a lion's share of the #SocialWebFoundation's financial support.

But only $50k of the One Million Dollars in funding for the #SWF came from The Ford Foundation, back in February of this year.

The other $950,000?

#Fediverse #IndieWeb #SmallWeb #OpenWeb

The Social Web Foundation (SWF) has some backing from Meta as well, alongside other major implementors of the ActivityPub protocol, including the social magazine app Flipboard, newsletter platform Ghost, Mastodon, and others. The Ford Foundation has also offered the organization a large grant to get the project started. In total, SWF is closing in on $1 million in financial support.
An online grant summary from the Ford Foundation showing details for grantee Exchange Point Institute, including a total grant amount of $50,000, approval date, and start date, all set for February 2024.
The Social Web Foundation is a fiscally-sponsored project of Exchange Point Institute, a US 501(c)3 non-profit. Tax-deductible donations to the Social Web Foundation will support our mission, help us execute on our projects and build a bigger, better fediverse.
#fediverse #openweb #indieweb #SmallWeb #socialwebfoundation #swf
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