With a few exceptions, the funds are closed to LENR researchers. Starting a company may be the only option left for a scientist, if he wants to achieve any substantial results in the vastly unexplored field of LENR science. It is an unfortunate situation. The financial risks are high.
Today, we have a situation where much of the real action is going on in secrecy, resources are misused and lost, disputes and mistrust emerge. Ultimately, the market can solve it all, but the climate and environmental change calls for urgency. The E-Cat has not delivered and the market for LENR energy seems distant. International cooperation, open supplementary and validated scientific projects should be the rule – not the exception. Salute MFMP! For the time being, grants – not investments or subsidies – should fuel the major part of the work.
Together with a few persons in the LENR community, I have discussed the idea of creating an international LENR energy charity foundation that could fund R&D projects, being a professional (=paid project workers) alternative to the idealistic and commendable efforts made under the MFMP umbrella. Properly organized, managed and marketed, it can attract big potential funders, could be philanthropists, energy industry and international organisations.
An independent expert-based international LENR energy charity foundation can help by:
- attracting new groups of funders, increasing the funds available for LENR researchers.
- facilitating funding of LENR projects.
- using resources more efficiently by target-directed multi-year research programs.
- promoting international cooperation between academic institutions, enterprises and other organisations.
- accelerating the development of materials and processes.
- supplying special equipment and materials to laboratories.
- publishing data and reports, marketing LENR science.
To maximize the efficiency of the received funds, the research programs governing the work of the LENR foundation should be narrow and target-directed. The administration should be kept to a minimum. Board meetings by internet will keep the costs down. Just like with MFMP, open science should be the rule. The board members and particularly the foundation's ED will be crucial for success. The founders must be careful when appointing the trustees and be aware of their dependencies. The international character of the foundation should be reflected by the composition of the board. The governing document will be important. It must be effective but not too detailed.
When selecting the country where the foundation shall be registered, besides the national rules for a charity foundation, including requirements of citizenship for founders and trustees, the following issues are among those that should be taken in special consideration:
- The foundation's independence.
- The signing procedures (founders and trustees).
- Required initial funds.
- Minimum funding needed to administer the foundation.
That is the idea. To be discussed, developed or dismissed. Whatever it deserves.
https://en.wikipedia.org/wiki/Foundation_(nonprofit) - brief data for a few countries
https://www.gov.uk/guidance/ho…aritys-governing-document – UK charities
https://www.gov.uk/government/…tionModelConstitution.pdf - template
A rough example of a governing document
Constitution for …...............…..... Foundation
Name of Foundation: …....................... Foundation
Its name of Firm: ….................... Institute
The Foundation shall have its seat in …....City......................., ….Country....
Governing law: ….......................
PURPOSE
The Foundation is an autonomous institution. Its objective is to help accelerate the shift from fossil energy to environmentally friendly LENR (Low Energy Nuclear Reactions) energy.
This shall be achieved by:
- funding international research and development projects about LENR and LENR technology that can replace fossil fuels in energy producing devices.
- electronically publishing data, information and reports from the funded projects.
- supplying LENR-related data, information, services, materials and equipment to laboratories.
- requiring that all data and information needed for replication and validation of experiments in a funded project must be presented in the project report and that no patent applications …............................................ are being filed …......................
BOARD OF TRUSTEES
- The Foundation shall be governed and represented by a Board of Trustees.
- The Founders shall, by majority vote, appoint the Trustees of the Foundation's Board, including its Executive Director.
- The Board shall be elected for three years. A Trustee can be appointed for maximum three terms.
- The Board shall have no less than six and no more than twelve Trustees, representing at least two continents and four countries.
- The Executive Director shall represent the Foundation towards potential funders and shall primarily be appointed on his/her marketing qualifications.
- The Board shall elect its Chairman, Research Director and Director of Institute from among its members. The Chairman shall lead and organize the Board activities.
- The Research Director shall be responsible for the administration of the Foundation's research programs, funded projects and related assets, and the publishing of project reports.
- The Director of Institute shall be responsible for any commercial activities.
- At least one of the Trustees authorized to sign for the Foundation shall be a …...... citizen.
- The Board shall in equal numbers be composed of Trustees representing energy industry or related organisations, academic science, plus a third group adding other valuable qualifications. The scientists shall represent relevant fields of both chemistry and physics. The board members shall have adequate knowledge about the status of LENR science and technology.
- Board decisions shall be taken in meetings by electronic means. Decisions of the Board shall generally be taken by consensus. When voting is resorted to, decisions shall be taken by simple majority. In case of a tie, the Chairman may cast the decisive vote.
- The Trustees shall receive remunerations based on the decisions of the Board. No more than …. percent of the received donations shall be used for remunerations to the Trustees, including travelling expenses, excluding the remunerations to the Research Director.
- No costs related to the Foundation's business activities may be covered by donations.
METHODS
- To receive donations, before its registration and subsequent, the Foundation shall publish call for funds, promoted by the Executive Director and other Trustees.
- The Board shall formulate one or more research programs specifying the goals to be achieved, the project requirements and the administrative and financial routines. A research program can span over three and up to six years. It can be extended in time if needed.
- The Board shall formulate the guide lines to be used when selecting and approving project applications.
- The Board shall publish calls for project applications on its web site.
- During a three-year period, at least 75% of the received donations must be used for item 1 and 2 under PURPOSE above.
- The Foundation shall fund project equipment either with 100% or 50% or less. If funded with 100%, the equipment shall be owned by the Foundation.
- Besides its research programs, the Foundation can run a business, under its name of firm, to supply LENR material and related equipment and services.
Founder (name and country code):…....
Date …..
Founder's signature …..................................................